PANDEMIC WORLD
Africa's debt crisis has 'catastrophic implications' for the world
After weeks of deadly riots following a tax increase in Kenya, President William Ruto scrapped his proposed finance law. The government then planned to reintroduce some of the discarded tax hikes to raise funds for public debt payments. This situation highlights a broader debt crisis across Africa, exacerbated by global economic shocks and rising borrowing costs.
Abu Dhabi is betting on a $10 bn upgrade to get wealthy expats to move in
Abu Dhabi is undergoing a major transformation as it invests billions into new construction projects to boost tourism, diversify its economy, and attract global talent. The Guggenheim museum, set to be 12 times larger than its New York counterpart, and other cultural landmarks like the Zayed National Museum are part of a $10 billion initiative to enhance the city’s cultural appeal.
TikTok tourists trample Angkor Wat mimicking Temple Run game
Tourists at Cambodia's Angkor Wat have started reenacting the Temple Run video game, sparking worries among conservationists about potential damage to the historic site. The viral trend, though boosting tourism, raises concerns about preserving cultural values and managing visitor behavior to ensure the site remains unharmed.
India-US together can ensure global peace, prosperity, stability: Defence Minister Rajnath Singh
The defence minister enumerated the steps taken by the government to achieve 'Aatmanirbharta' in defence, including the notification of Positive Indigenisation Lists comprising over 5,000 items. He emphasised that the consistent efforts are being made to ensure that state-of-the-art defence items are manufactured on Indian soil by domestic companies.
2,492-carat diamond, one of the world's largest, discovered in Botswana
Lucara Diamond Corp. has discovered a massive 2,492-carat diamond at its Karowe mine in Botswana, one of the largest ever found. Detected using advanced X-ray technology, this gem follows notable finds like the 1,758-carat Sewelo. Although diamond prices are low and market conditions are challenging, this discovery highlights ongoing opportunities in the industry. Lucara’s CEO, William Lamb, praised the find, which strengthens Botswana's role in the global diamond market and supports its economy.
India to begin delayed census in Sept as Modi looks to plug data gaps, sources say
India is set to begin its long-delayed population census in September, aiming to complete the extensive survey in about 18 months. The census, initially scheduled for 2021 but postponed due to the COVID-19 pandemic, is crucial for updating key statistical data that has been based on the 2011 census. The delay has drawn criticism for affecting the accuracy of economic data and government planning. The results, expected by March 2026, will provide updated insights for India's development strategies.
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The world’s oldest person, Maria Branyas Morera, died at the age of 117
After sharing an overwhelming final message on X, Maria Branyas Morera, the world's oldest person, passed away at the age of 117.
What is monkey pox? Has WHO declared it as a pandemic? Is it worse than covid?
Mpox Virus: Monkey pox was already gaining the world's attention and now the World Health Organization has declared this virus as a pandemic after cases were detected in remote parts of Pakistan. The Mpox outbreak 2024 could take a massive turn for the worse after three cases were observed by health officials in Pakistan's Khyber Pakhtunkhwa.
Maria Branyas Morera, world's oldest person, passes away at 117
Maria Branyas Morera, the world's oldest person at 117, has passed away peacefully in her sleep. Born in San Francisco in 1907, she lived through historic global events, including two World Wars and the Spanish Civil War, before settling in Catalonia, Spain. Her remarkable longevity was attributed to good genetics and a positive, tranquil lifestyle. Morera's life and health have inspired ongoing research into age-related illnesses, with her legacy continuing to impact the scientific community.
How the rise of remote work is impacting immigration policies around the world
The COVID-19 pandemic accelerated remote work, influencing immigration policies originally designed for physical workplaces. Digital nomad visas allowed global professionals more flexibility, with countries offering packages to attract talent. Challenges included ensuring compliance with labor laws and tax regulations and protecting local jobs against displacement.
Video gamers set for world's biggest trade show
The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive moment for an industry battered by layoffs and studio closures. "I see studios that inspired me going out of business and it terrifies me," David Rabineau, a French developer who heads independent studio Homo Ludens, told AFP. - 'Sharp downturn' - At least 11,000 workers have been given their marching orders already this year, more than for the whole of 2023, according to Game Industry Layoffs, a website that tracks the numbers.
Busiest US ports absorb import surge nearing pandemic-era frenzy
Despite growing capacity constraints, port efficiency remained high, reflecting strong consumer demand and strategic stockpiling by businesses.
Gaze into the future with Nouriel Roubini at ET World Leader's Forum
Nouriel Roubini, renowned for predicting the 2008 financial crisis, will challenge prevailing economic beliefs at the ET World Leaders Forum in New Delhi on August 31. Known as "Dr. Doom" for his accurate forecasts, Roubini will present data-driven insights on global finance, countering the notion of a looming economic downturn and shrinking investment opportunities. With his upcoming Atlas America ETF and his background in forecasting major economic shifts, his address promises to offer a critical perspective on current global financial issues.
Now that mpox is a global health emergency, will it trigger another pandemic?
The World Health Organization has declared the mpox outbreaks in Africa, particularly in Congo, as a global emergency that requires urgent containment measures. Sweden reported its first case of a new form of the virus seen only in Africa. While the likelihood of widespread local outbreaks in Europe is low, imported cases are anticipated. Mpox spreads through close contact and is slower than COVID-19. Despite available vaccines and treatments, Congo struggles with insufficient resources, highlighting the need for global efforts to curb the virus's transmission and support affected regions.
Is another mega risk building up for global economy?
WHO declared mpox, a viral infection, a global health emergency following an outbreak in the Democratic Republic of Congo that has spread to Europe. This emergence presents added strain to the global economy already facing inflation and geopolitical tensions. WHO advises against stigmatizing affected regions and cautions against travel restrictions.
UK economy grows 0.6% in Q2 2024
Britain's economy expanded by 0.6% in the second quarter of 2024, aligning with predictions. The Bank of England increased its annual growth forecast to 1.25%, influenced by a strong start to the year. However, slower growth is expected in the latter half of the year. Prime Minister and Finance Minister have ambitious growth objectives.
PM Modi to be chief guest at The ET World Leaders Forum
Bringing together global investors, policy makers, business leaders and entrepreneurs from across the globe, the inaugural edition of ET World Leaders Forum, with its theme of 'Leadership for Global Prosperity,' offers a platform for intersectional dialogue on the opportunities that arise from India's rapid economic progress.
World youth unemployment rate lowest for 15 years: UN
Global youth unemployment has reached its lowest level in 15 years, according to the United Nations, although recovery from the Covid-19 slump has been uneven across regions. The number of 15- to 24-year-olds not in employment, education, or training (NEET) remains a concern. The UN's labour agency highlighted that the economic benefits post-Covid-19 pandemic are not universally felt.
WHO warns: COVID-19 is making a comeback. Here's how to protect yourself
The World Health Organization warned of a surge in COVID-19 cases across 84 countries, with European test positivity rates surpassing 20%. The rise is unusual for summer, suggesting the virus still circulates. WHO urged vigilance, vaccination, and cautious practices to mitigate the risk.
India & Vietnam adopt action plan for strategic ties
India and Vietnam enhanced their strategic relationship by signing an action plan to boost cooperation in multiple areas, such as maritime security, agriculture, and customs. Prime Minister Narendra Modi underlined the importance of development over expansionism in the Indo-Pacific region. Agreements worth $300 million were finalized to support Vietnam's maritime security. Modi's comments seemed to indirectly address China's territorial claims in the South China Sea. Vietnamese Prime Minister Pham Minh Chinh expressed appreciation for Modi's condolences on former party leader Nguyen Phu Trong's death and acknowledged India's assistance during the Covid-19 crisis.
Embrace hybrid, and no, not just cars
The Covid pandemic spurred the rise of remote work, and now hybrid working is making a comeback, offering a balance between office and remote work. Many are embracing this shift, with job postings for remote or hybrid roles on the rise, indicating a changing mindset in India Inc towards flexible working arrangements that prioritise employee well-being and productivity over traditional office dogma.
El Nino of 1904-07 may have helped spread cholera in India, study finds
Researchers found that unusual weather patterns driven by the El Nino event from 1904-1907 may have facilitated the spread of a new cholera strain in India, resulting in a significant rise in fatalities. The study draws connections between climate conditions and cholera deaths during the early 20th-century pandemic in India.
In crypto world, the hacker is God
When a cyber villain affects a system, it's as unstoppable as an earthquake or pandemic. Traders, for example, who have had their cryptocurrencies and funds locked on WazirX due to a recent cyberattack are now facing the consequences. Due to these incidents, what is now coming to the fore is that unlike banks or stock exchanges, most local crypto platforms categorise ‘cyber breach’ as a ‘force majeure’ event (or, an ‘Act of God’).
'Catastrophic event': A global pandemic-level threat has just emerged
A global Microsoft outage has caused disruptions in various sectors, leading to unexpected computer shutdowns and flight cancellations. Cybersecurity experts warn of a critical skills gap and predict a catastrophic cyber event within the next two years. The need to address the shortage of cybersecurity talent is highlighted, especially in key sectors like energy utilities. Geopolitical instability is reshaping the legal, regulatory, and technological environment, emphasizing the importance of cooperation among stakeholders. The World Economic Forum identifies cybersecurity failure as a top global threat, urging for security, resilience, and trust in the digital infrastructure.
Another pandemic to happen soon? Here is what former UK chief scientific adviser said
Former UK government chief scientific adviser Sir Patrick Vallance warns that another pandemic is inevitable, urging the British government to focus on better surveillance and preparations as he believes we are not ready yet.
WHO chief urges countries to quickly seal pandemic deal
The WHO chief called for a global agreement on future pandemics after missing a deadline. He highlighted the need for prevention and preparedness. Tedros Adhanom Ghebreyesus expressed confidence in reaching an agreement, highlighting the dedication of negotiators amidst misinformation. Parallel talks on revising International Health Regulations are also underway during the assembly.
Covid pandemic cut global life expectancy by nearly two years, says WHO
The amount of time the average person can expect to live in good health fell 1.5 years to 61.9 years in 2021 -- also the 2012 level, the study said. The impact was even worse than the findings of a study published by the Lancet in January, which said average life expectancy fell 1.6 years during the pandemic.
Why has measles returned to UK? Pandemic spreads, children hit hard. Know in detail
Measles breakout has been reported from different parts of England. Low vaccine coverage is reportedly the reason for this pandemic with regional variations.
After COVID, WHO defines disease spread 'through air'
WHO and experts define disease spread through the air, emphasizing ventilation importance and evidence of airborne spread, crucial for prevention strategies in pandemics like COVID-19.
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