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Here is a masonry blog layout with no sidebarGlobal economic growth downgraded due to spillover from Ukraine war
Global inflation is also set to reach 6.7 per cent this year, or twice the average of 2.9 per cent during the period from 2010 to 2020, with sharp rises in food and energy prices The war is also unfolding at a time when global carbon dioxide (CO2) emissions are at a...
Global economy: Scarcity triggers $1.6 trillion of GDP loss
Russia’s invasion of Ukraine and China’s Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs. Emerging nations could see more acute threats to energy and food security, like the ones already causing turmoil in...
Covid-19 cases cross11.57 mn in Africa, over 252,000 deaths reported
The specialised healthcare agency of the African Union said the death toll across the continent stands at 252,771 and nearly 10,892,454 patients have recovered from the disease so far The number of confirmed Covid-19 cases in Africa reached 11,570,885, the Africa...
Twelve workers killed by wall collapse at India salt factory
Industrial accidents, mainly fires, are common in India due to lax safety regulations NEW DELHI: Twelve workers at an Indian salt factory were killed on Wednesday when a 3 metre high wall collapsed on them, government officials said. The incident took place in the...
CCI approves deal for selling majority stakes in Magma General Insurance Company
CCI has approved "acquisition of 55.39 per cent of the total equity share capital of Magma HDI General Insurance Company Limited by Sanoti Properties LLP," according to a tweet on Wednesday New Delhi: Fair trade regulator CCI has cleared the proposed acquisition of...
Govt to press ahead with strict cybersecurity rules despite industry concerns
New Delhi has said the new rules were needed as cybersecurity incidents were reported regularly but the requisite information needed to investigate them was not always readily available from the service providers NEW DELHI: India will not change upcoming cybersecurity...
U.S. agency opens probe into fatal Tesla vehicle crash that killed three
A total of 14 crash deaths have been reported in those Tesla investigations, including the three recent fatalities Tesla says on its website that Autopilot provides drivers assistance by enabling vehicles to steer, accelerate and brake automatically but "require...
UN marks first ever international day spotlighting women working in the maritime industry
“Women account for just 20 per cent of the workforce in the maritime authorities of Member States and 29 percent…across subsectors in the maritime industry,” International Maritime Organization (IMO) chief Kitack Lim told By raising the profile of women in maritime,...
Flood condition worsens in Assam, landlsides in Arunachal
Assam State Disaster Management Authority said that at present 1413 villages are under water and Nagaon is the worst hit district where 2.88 lakh people are reeling under the calamity. In Cachar nearly 1.2 lakh people ands in Hojai more than 1.07 lakh people were...
‘India should envision assistive technology being integrated within health, social care systems’
The report notes that the number of people in need of one or more assistive products is likely to rise to 3.5 billion (350 crore) by 2050, due to populations ageing and the prevalence of noncommunicable diseases rising across the world New Delhi; India should reflect...
Wall Street ends sharply lower, worst one-day loss for S&P 500, Dow Jones in 2 yrs
"We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in causing the market sell-off today," said Paul Christopher, head of global market strategy at Wells Fargo Investment...
Climate Change: Greenhouse gas, sea level rise, ocean heat hit new records in 2021
"Extreme weather has the most immediate impact on our daily lives. Years of investment in disaster preparedness means that we are better at saving lives, though economic losses are soaring. But much more needs to be done, as we are seeing with the drought emergency...
EAC-PM recommends a guaranteed employment scheme and universal basic income to reduce inequality in India
The report also noted that raising minimum income and introducing universal basic income are some of the recommendations that can reduce the income gap and equal distribution of earnings in the labour market "Most importantly, the government must allocate more...
Drones to save lives by providing urban-grade healthcare in India’s rural areas: WEF
Eight healthcare centres covering a population of over 3,00,000 people took part in the 45-day trial in which health workers delivered vital vaccines and medicines by drone It was conducted as part of a wider programme, Medicine from the Sky, led by the WEF's Centre...
Investors bet big on SIP; inflows climb 30% to Rs 1.24 lakh cr in FY22: AMFI
Currently, mutual funds have about 5.39 crore SIP accounts through which investors regularly invest in mutual fund schemes The 43-player mutual fund industry mainly depends on SIPs for inflows, with equity mutual funds attracting Rs 1.64 lakh crore in 2021-22. This...
Decentro starts empowering Insurtech via banking APIs
Rohit Taneja, Co-founder & CEO, Decentro, said, "The Indian Insurance landscape is evolving well, and technology is playing a major role in its transformation. From managing the problems related to the complex money movement frameworks to ironing out identity...
HealthySure secures additional funding from LetsVenture and other Founders
The financing saw participation of new investors LetsVenture and founders Aditi Shrivastava – Founder - Pockets Aces, Sreeraman Mohan Girija – Cofounder of Fynd, Pankaj Vermani – Founder of Clovia, Sachin Shetty – Cofounder of Giva Sanil Basutkar, Co-founder &...
S&P cuts FY23 India growth forecast to 7.3% on inflation, Russian-Ukraine war
"The risks to our forecasts have picked up since our last forecast round and remain firmly on the downside. The Russia-Ukraine conflict is more likely to drag on and escalate than end earlier and deescalate, in our view, pushing the risks to the downside," S&P...