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Global South: PM Modi advocates ‘equivalent voice’ at all forums

January 12, 2023 virendra pandit

Virendra Pandit New Delhi: Advocating an ‘equivalent voice’ for the countries of Global South on all international forums, Prime Minister Narendra Modi on Thursday said the voice of these countries and their priorities are also that of India. Addressing the inaugural leaders’ session of the “Voice of Global South: For human-centric development,” through video-conferencing, he […]

Business

Global economy: World Bank slashes growth forecasts to just 1.7% in 2023

January 11, 2023 virendra pandit

Virendra Pandit New Delhi: Painting a gloomy picture for 2023, the World Bank has slashed its growth forecasts for most countries and regions, and warned that new adverse shocks could tip the global economy into a recession. Global GDP will probably increase only 1.7 percent this year, about half the pace forecast in June 2022, […]

Business

Roving Periscope: ‘No safe limit for alcohol drinking’, says WHO

January 11, 2023 virendra pandit

Virendra Pandit New Delhi: Ten days after the New Year, 2023, kicked off—when liquor consumption worldwide is reported to be the maximum in a year—the World Health Organization (WHO) has said drinking alcohol is risky and there is no safe limit for its consumption for health. At least 200 million people in Europe alone […]

Business

The $9 bn lifeline: Emboldened, bankrupt Pak may now spike terror attacks in India

January 10, 2023 virendra pandit

Virendra Pandit New Delhi: With donors assuring a USD 9 billion lifeline to rescue the sinking economy of a failed Pakistan, an emboldened Islamabad may multiply terrorist attacks on India to divert its hungry people’s attention from the internal Taliban challenge to revanchist agenda in Jammu and Kashmir in the next few weeks. Bankrupt […]

Business

Roving Periscope: As China relents, talks to Pfizer for US vax, Jack Ma ‘retires’

January 7, 2023 virendra pandit

Virendra Pandit New Delhi: Amid reports that Covid-battered China is talking to the US multinational Pfizer to import its vaccines, Jack Ma, the second best-known Chinese globally after President Xi Jinping, has decided to retreat from his online empire in the wake of Beijing’s crackdown on technology behemoths. The media reported on Saturday that […]

Business

Global recession: Amazon to layoff 18,000 staff, 80% more than it estimated

January 5, 2023 virendra pandit

Virendra Pandit New Delhi: World’s largest e-commerce company Amazon.com Inc., on Wednesday, announced to cut over 18,000 jobs, 80 percent more than it estimated earlier, which shows its fears of a global recession ahead. The company would begin discussing the moves with affected employees on January 18 and provide severance, transitional health benefits, and […]

Business

Roving Periscope: China under-representing Covid deaths, says WHO

January 5, 2023 virendra pandit

Virendra Pandit New Delhi: A fortnight ahead of China’s Lunar New Year (January 22), when the pandemic infections are likely to multiply exponentially in the Asian country, the World Health Organization (WHO) warned that Beijing is “under-representing the true impact” of Covid-19, especially the exact number of deaths. In 2020, the global health watchdog […]

Business

Clean energy: India approves an Rs.19.7 k crore mission for green hydrogen

January 4, 2023 virendra pandit

Virendra Pandit New Delhi: In a significant development, the Government of India on Wednesday approved the National Green Hydrogen Mission (NGHM) with an initial outlay of Rs 19,744 crore, aiming to make the country a global hub for manufacturing this clean source of energy. Prime Minister Narendra Modi launched this Mission on August 15, 2021, […]

Business

Global economy: Recession will hit a third of the world in 2023, warns IMF chief

January 3, 2023 virendra pandit

Virendra Pandit New Delhi: Warning that the global economy would face a tougher year in 2023 than the previous year, International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said a third of the world would be hit hard. For much of the global economy, 2023 is going to be a tough year as […]

Business

Roving Periscope: Covid-19 surge forces President Xi to admit challenges ahead

January 2, 2023 virendra pandit

Virendra Pandit New Delhi: Ahead of the scary Lunar New Year on January 22 amid a Covid-19 tsunami across the land, Chinese President Xi Jinping said tough challenges remain in the country’s fight against the pandemic and acknowledged divisions in society that led to rare spontaneous mass protests in November across the land. […]