Category:

Non-Life

WeWork losses mount but ‘seismic shift’ in office use seen helping recovery

The pandemic has accelerated a “seismic shift” in the office sector that has put flexibility – an industry byword for the short-term leases the company embraces – and WeWork at the forefront, the memo signed by Chief Executive Sandeep Mathrani and Chief Financial Officer Ben Dunham said.

“This is our moment, and I know that together, we will continue to define the future of work,” they said.

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Olympic leaders raise hopes for safe Tokyo Games with fans

News from pharmaceutical firm Pfizer on Monday of promising trials of its vaccine followed Tokyo hosting an international gymnastics competition at the weekend.

Having seen now the different (event) tests in Japan I think we can become more and more confident that we will have a reasonable number of spectators then also in the Olympic venues, IOC President Thomas Bach said.

Asked if the IOC could itself try to acquire vaccine doses for Olympic participants, Bach said contact is ongoing with the World Health Organization and a number of the manufacturers. There are different options under consideration, how vaccines can be made available, he said.

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Asia-Pacific closes in on world’s biggest trade deal

RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations (ASEAN) – Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines.
One of the deal’s biggest draws is that its members already have various bilateral or multilateral agreements in place, so RCEP builds on those foundations.

It will allow for one set of rules of origin to qualify for tariffs reduction with other RCEP members. A common set of regulations mean less procedures and easier movement of goods.

This encourages multinational firms to invest more in the region, including building supply chains and distribution hubs.

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WHO to set up centre for traditional medicine in India

“This new centre will support WHO’s efforts to implement the WHO traditional medicine strategy 2014-2023 which aims to support countries in developing policies and action plans to strengthen the role of traditional medicine as part of their journey to universal health coverage and a healthier, fairer and safer world,” WHO Director General Tedros Adhanom Ghebreyesus said.

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India’s COVID-19 caseload reaches 87.28 lakh, recovery rate rises to 92.97 pc

The COVID-19 case fatality rate has further declined to 1.47 per cent.

There are 4,84,547 active cases in the country which comprise 5.55 per cent of the total caseload, the data stated.
The 547 new fatalities include 122 from Maharashtra, 104 from Delhi, 54 from West Bengal, 25 each from Kerala and Tamil Nadu, 23 from Punjab, 21 each from Karnataka and Uttar Pradesh, 20 from Chhattisgarh and 19 from Haryana.

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