A new study has suggested that the novel coronavirus pandemic could have hit the Chinese city of Wuhan as early as in late summer of 2019. This was the conclusion of the study that was conducted by Harvard and Boston University and was based on an analysis of satellite imagery and search engine trends. The…
A new report on the airline industry of the United Kingdom has warned that a jobs crisis in British aviation industry that is comparable to the scale of the coal mining industry’s collapse during the 1980s was on the cards because of the grounding of air travel during the coronavirus pandemic. This report from the…
Facebook Inc said that it will start labeling media organizations that are that are state controlled by governments such as in Russia, China and other countries and will start blocking any advertisements from these media outlets that are targeted at users of the largest social media platform n eh United States later this year. According…
A move to completely block the Chinese telecom company Huawei, blacklisted by the United States government, from chip supplies was initiated by the Trump administration which ignited fears of a Chinese retaliation and pulling down shares of chipmaking equipment makers of the US. The authority of the Trump administration to require licenses for sales to…
The hit from the coronavirus pandemic has put the German economy – the largest in Europe, into a technical recession. In the first quarter of 2020, there was a contraction 2.2 per cent in the German economy which was the worst since the global financial crisis of 2007-08. Experts had expected a contraction to be…
Even after the current spate of the novel coronavirus pandemic is over, there can be “no going back to business as usual”, the World Health Organization warned world leaders on Wednesday. Many countries are hoping to kickstart their economies that have been ravaged by extended lockdowns and closure of businesses to fend of the spread…
A package worth almost $1 trillion is being committed by Japan to be used for supporting its economy from the hit of the coronavirus pandemic. A 108 trillion yen ($989 billion) relief package was announced by the Japanese Prime Minister Shinzo Abe on Monday. The amount is staggering and is equivalent to about 20 per…
The largest maker of respirator masks – 3M, is willing to comply with the order of the United States president Donald Trump of manufacturing and supplying of more needed N95 masks that are critically needed in the country, the company said on Sunday. However the company also sounded a caution about not being allowed to…
The dire need to provide debt relief to the poorer countries that have been hit by the coronavirus pandemic was reiterated by the chiefs of the World Bank and International Monetary Fund on Friday while also insisting that major role has to be played by official bilateral creditors. Emergency programs to offer grants and loans…
Japan and the International Olympic Committee have jointly decided to postpone the 2020 Tokyo Olympics by a year and said that the Games will be held in 2021. This decision was taken and multiple rounds of discussions between Japan’s Prime Minister Shinzo Abe and IOC president Thomas Bach. This is only the fourth time in…
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