An additional grant of $250 million was pledged by the Bill and Melinda Gates Foundation this week for the purpose of supporting the development and distribution of Covid-19 treatments and vaccines that were of low costs and were much easier to distribute and deliver to the common people. This latest contribution to the cause is…
According to the Bloomberg Billionaires index, which tracks the 500 wealthiest people in the world, the net worth of Tesla CEO reached $127.9 billion on Monday, with the shares of the electric vehicle maker reaching a record high. This sudden increase in Musk’s net worth made him the second-richest person of the world, beating Bill…
A new body that will deal with the thorny questions revolving around the future of transportation including self-driving cars and electric vehicles us being launched by a group of business leaders and public policy experts. The new body is called the Commission on the Future of Mobility and was launched last week. A new regulatory…
Conclusive evidence of water being present on the Moon was revealed by the United States space agency NASA after dropping hints days ago of a an “exciting new discovery about the Moon”. Nasa’s hopes of establishing a lunar base will be boosted by this “unambiguous detection of molecular water”. The agency plans to tap into…
The global economy could lose out on trillions of dollars because countries and governments are yet to get together to draw a consensus about how to safely restart travel in the midst of the novel coronavirus pandemic, said the chief executive of Dubai Airports. “We don’t have an agreed testing procedure for a reliable, accurate…
The decision of China’s Ping An Asset Management of increasing its stake in struggling British lender HSBC has provided a much-needed vote of confidence. The Chinese investor is the largest one of the bank. This came at a time when the bank was caught in the cross hairs of rising diplomatic tensions between the United…
The impact of the novel coronavirus pandemic surpassed the grim milestone of a total death toll of a million on Tuesday, according to official data, as the pandemic that first emerged in China at the end of last year, had devastated the global economy, has completely strained the health systems and changed the way people…
There is an apparent discrepancy about the details of the deal that as struck between the Chinese tech company ByteDance an American companies Oracle and Walmart over the divestment of the Chinese firm owned short video sharing app TikTok with both parties issuing conflicting statements on the matter on Monday. The two American companies had…
Following accusations by a short seller against the hydrogen and electric truck startup Nikola was misleading investors and overstating the value of a business deal, the company’s founder Trevor Milton has voluntarily stepped down as the executive chairman of the startup. Nikola said in a statement on Sunday that Milton has also resigned from the…
United States based global retailers Amazon currently possess about 33,000 job openings for corporate and tech roles in the company. And part of that is expected to be filled up by the company through a Career Day which, the company has said, will be held on September 16. It ill be open for everyone who…
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