Poverty to hit 1 Billion people by 2030: UNDP

Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030, according to findings released today by the United Nations Development Programme, UNDP. This is not a foregone conclusion: with a focused set

UK Clears Pfizer’s Covid-19 Vaccine

Britain on Wednesday approved the Pfizer-BioNTech Covid-19 vaccine on independent advice of its medicines regulator. The vaccine will be made available across the UK from next week. “The Government has today accepted the recommendation from the independent Medicines and Healthcare products Regulatory Agency (MHRA) to approve Pfizer-BioNTech’s Covid-19 vaccine for use,” a UK Department of

Worldwide coronavirus cases keep surging

The overall number of global coronavirus cases has surpassed the 63 million mark, while the deaths have surged to more than 1.46 million, according to the Johns Hopkins University. In its latest update on Tuesday, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at

China’s cloud infra spending grows 65% in Q3

Alibaba Cloud remained the leader in the China Cloud services market in Q3 with a 41 per cent market share and continued strong growth. The China Cloud infrastructure spend grew 65 per cent in Q3 2020 to exceed $5 billion for the first time, acceding to the data provided by the global market research firm

Global Coronavirus Cases Top 62 Mn

The overall number of global coronavirus cases has surpassed the 62 million mark, while the deaths have surged to more than 1.45 million, according to the Johns Hopkins University. In its latest update on Sunday, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at

Covid 19 death toll passes 1.42 Mn worldwide

The overall number of global coronavirus cases has topped 60.8 million, while the deaths have surged to more than 1.42 million, according to the Johns Hopkins University. In its latest update on Friday, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at 60,860,169 and

Samsung’s Smartphone Profits Spike in Q3

Samsung Electronics narrowed the gap with Apple in terms of profit shares in the third quarter, with more than 30 per cent smartphone market share globally, a new report said on Friday. The South Korean tech giant accounted for a 32.6 per cent share of profits worldwide generated from the smartphone segment in the third

Disney to lay off 32,000 employees

Disney has increased the number of people it is planning to lay off in the first half of fiscal 2021 from 28,000 to 32,000, the company said in a filing with the US Securities and Exchange Commission (SEC). The company is taking the step due to the impact of the pandemic mainly on its theme

Venezuela to step up ties with ASEAN

Venezuelan Foreign Minister Jorge Arreaza has ratified his country’s formal request to join the Treaty of Amity and Cooperation of the Association of Southeast Asian Nations (ASEAN). “We want to express what we did at the beginning of the year in writing, the formal request for Venezuela to be part of the ASEAN Treaty of