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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. […]

Business

Roving Periscope: Amid Covid-19 catastrophe, WHO team meets Chinese officials

December 31, 2022 virendra pandit

Virendra Pandit New Delhi: A team of experts from the World Health Organization (WHO) met with Chinese officials on Friday as the Asian country battled its worst-ever health crisis because of an unprecedented outbreak of the scourge this month that has left millions infected and thousands dead. In 2020, when Covid-19 assaulted the world, […]

Business

Green energy: Mobility goes cheaper as EV sales in India over 1 mn this year

December 30, 2022 virendra pandit

Virendra Pandit New Delhi: With the green energy market getting traction, the sale of electric vehicles (EVs) in India is set to cross the one million mark this year. Major EV manufacturers like Tata Motors, Ather Energy, Old Electric, and some others are among the main gainers in this new market. Recently, the Kinetic […]

Business

Roving Periscope: China could see 25,000 Covid deaths a day in January

December 30, 2022 virendra pandit

Virendra Pandit New Delhi: The People’s Republic of China, which is currently battling an unprecedented Covid-19 catastrophe with millions of infections and hundreds of deaths daily, could witness around 25,000 deaths a day from the pandemic after January 22, 2023, the Lunar New Year, the media reported on Friday. This scary scenario is casting […]

English

Negative Covid Report Made Mandatory for Travellers from China, five Other Countries

December 29, 2022 Editor In Chief

Manas Dasgupta NEW DELHI, Dec 29: India has made it mandatory from Sunday for the passengers travelling from China and five other countries to submit a negative Covid test report before their arrival, Health Minister Mansukh Mandaviya announced on Thursday. Besides China, passengers coming from Hong Kong, Japan, South Korea, Singapore and Thailand will also […]

Business

Roving Periscope: Is China following a ‘scorched earth’ policy on Covid-19?

December 29, 2022 virendra pandit

Virendra Pandit New Delhi: The way it rode the roughshod and stonewalled all attempts to investigate the cases when Covid-19 broke out in 2020, and then across the world, China’s current tactics and strategy have given rise to speculations whether it might be following a ‘scorched earth’ policy— a military strategy that aims to […]