Bill Gates , the co-founder of Microsoft has warned that the upcoming pandemic could be 10 times worse and the humanity is not prepared for it. He also mentioned that people must learn a lesson from COVID-19. According to Gates, “we are not prepared for the next pandemic,” and he also hopes that the current […]
CBUAE (Central Bank of the United Arab Emirates) has announced to initiate the procedure for regulatory responsibility of the insurance sector pursuant to Decretal Federal Law No. (25) of 2020 where the merger of Insurance Authority was decided. The Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the CBUAE, Sheikh Mansour Bin Zayed […]
The shares of Asia – Pacific region goes down following four straight sessions of losses with delay in vaccine rollouts and new strains of Coronavirus which will affect global economic recovery. MSCI’s (Morgan Stanley Capital International) index of Asia – Pacific shares slipped down to 0.4 percent outside Japan. Tokyo’s Stock Exchange Nikkei bounced 0.4 […]
The Anglo-Swedish drug maker AstraZeneca plc will deliver an additional 9 million vaccine doses to the European Union in the first quarter of 2021 despite the Chaos. Ursula von der Leyen, the president of European Commission announced on twitter that the AstraZeneca would start delivering the vaccine a week earlier than scheduled and expand its […]
The world’s largest semiconductor chip manufacturer Intel invests $475 million into its Vietnam division. Which will help in adopting more advanced technology and move beyond its key central processing unit. Intel Vietnam, gets a 50% increase from previous investments, to manufacture core processors and 5G products, the company said the expansion was to help it […]
KAUST (King Abdullah University of science and technology) the Saudi Arabian university has launched a new international connectivity program which is of 400 Gbps up scaling from the previous 10 Gbps connection speed. This new development will help the researchers of KAUST to work together with their international peers at super-fast speeds. Professor Tony Chan, […]
According to Deutsche bank survey Bitcoin and U.S tech stocks are regarded as biggest asset bubbles by the investors right now. The Survey was concluded after the responses from 627 market professionals between Jan 13-15, the majority of investors (89%) think that some financial markets are in bubble territory. In those bubbles, Bitcoin and U.S. […]
Jack Ma , the e-commerce ( Alibaba ) giant founder emerges after months out of the public eye that has triggered speculation about his whereabouts as his companies face regulatory probe. The billionaire, Jack Ma had made some comments in October that appeared critical to china’s financial regulator leading to the IPO of Ant Group […]
The Europe’s largest, German economy has shrank dramatically by 5% in 2020, as much of economic and public life having to be shut down due to lockdowns. The drop in gross domestic product was smaller than predicted, and less than elsewhere in Europe, but still worst than 2009 global financial crisis. The federal statistics agency […]
Checkout.com, London based online payment company has managed to become Europe’s most valuable Fintech firm, with a market value of $15 billion, it has raised a staggering $450 million in an investment led by Tiger Global Management. For the second time the firm has managed to triple its valuation and its current value is around […]
Hong Kong stock exchange filings recently showed that Morgan Stanley, JPMorgan and Goldman Sachs units will delist a total of five hundred Hong Kong listed structured products. The products are linked to Telecom companies China Telecom, China Mobile and China Unicom and local index including the benchmark Hang Seng Index, the three investment banks said […]
Catalonia has become a European hub for digital innovation and biomedical technology. According to European tech report, a considerable amount of venture capital flows to Barcelona, Incidentally Berlin, London, Paris and Amsterdam are at the top of the lists in innovation and start-ups. There are more than 1500 start-ups in Catalonian region, three out of […]
Saudi Arabia Aramco has discovered four new oil and gas fields in the kingdom it is still working on determining the size and shape of the discovered fields. Prince Abdulaziz bin Salman bin Abdulaziz, the energy minister announced Saudi Aramco made these discoveries in different parts of the country; he was quoted as saying by […]
Haven, The Joint Venture created by Amazon, JP Morgan Chase and Berkshire Hathway to lower health care costs for their US employees will be dissolved exactly three years after its formation. On January 2018, Berkshire Hathaway’s Warren Buffet, Amazon’s Jeff Bezos and the investment banking giant JP Morgan Chase announced the plan to create a […]
The leading Digital currency Bitcoin saw its surge beginning this year with its price passing $30,000 for the first time with more investors and traders betting that it is on its way to become a mainstream payment method. The price of the Cryptocurrency traded as high as $31824 early Saturday, with almost all markets, it […]
