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Rising Droughts Threaten Agriculture, Energy, and Ecosystems Worldwide
Extreme droughts have become more frequent and severe in recent decades, severely impacting agriculture, energy production, and ecosystems worldwide. Prolonged dry spells have expanded by 50,000 square kilometres each year since 1979, as temperatures rise and precipitation patterns shift. This has led to significant economic losses, particularly in...
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Samsung Electronics Says It Is Not Interested in Spinning Off Foundry Business
Samsung chairperson Jay Y. Lee has said that the company is not looking to spin off its businesses of contract chip manufacturing and logic chip designing operation. Analysts say the two businesses are incurring billions of dollars of annual losses due to weak demand and have been dragging down Samsung's overall performance.
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WHO Says 1.6 Million People Globally Fall Ill Daily Due To Contaminated Food
Saima Wazed, regional director at WHO, informed that South-East Asia is the second most affected region after Africa, when it comes to contaminated food.
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Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
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"Saw Name Flash On TV": Families Mourn Loss Of Their Children At Kerala Fest
Teary-eyed, forlorn faces stared blankly into the distance, an illustration of the terrible grief the four families are going through after each of them lost a child in a stampede at Cochin University's annual tech festival a day ago.
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Indian Tax Authorities Are Losing Rs 2 Lakh Crore Annually, Claims Report
As Cricket World Cup 2023 is gaining momentum, illegal betting activities are also picking up steam with crores of rupees invested through informal routes leading to a loss of about Rs 2 lakh crore to tax authorities, a report said.
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Italian Football Clubs Lost 3.6 Billion Euros During Covid Pandemic: Report
Losses for the 2021-22 season alone, the last considered for this report, amounted to 1.4 billion euros, "the worst ever recorded in the fifteen years that this annual report has been published," it said.
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Corrosion Leads To Losses Worth USD 110 Billion In India Annually: Report
Losses worth USD 110 billion occur every year in India due to corrosion in projects across sectors, industry body ISSDA said today.
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Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
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Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
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Loss And Damage At Major Climate Summit In Egypt: What It Means for India
As COP27, the annual UN climate jamboree starts, India appears to be on a strong footing to play a decisive, leadership role even though it has an Achilles heel vulnerability.
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Getting A Bank Locker? Know These RBI Rules
Banks will have to pay up to 100 times the annual locker rent to the customer as compensation in case of any loss arising out of its negligence.
-
Will Scale Up Efforts To Aid Early Childhood Care, Address Learning Loss: Reliance In Annual General Meet
Reliance Industries this year has started its academic session at the Jio Institute. The Nita Mukesh Ambani Junior School will also be launched this year as an expansion to the Dhirubhai Ambani International School.
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Google Fiber Plans to Bring High-Speed Internet Service to Several US Cities
Google Fiber has announced to bring introduce high-speed Internet service to multiple cities in the US in the first big expansion since it started as an independent Alphabet unit in 2015. Chief Executive Dinni Jain said his team is prepared to "add a little bit more build velocity" after over four years of sharpening operations.
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Opinion: The Significance Of Tata Hiring Campbell Wilson As Air India CEO
As travel resumes and the carrier moves past the record annual loss it was reporting around this time last year, Chief Executive Officer Goh Choon Phong wants to pursue a multi-hub strategy, one in which airlines owned by it will benefit from aviatio
-
Rising Droughts Threaten Agriculture, Energy, and Ecosystems Worldwide
Extreme droughts have become more frequent and severe in recent decades, severely impacting agriculture, energy production, and ecosystems worldwide. Prolonged dry spells have expanded by 50,000 square kilometres each year since 1979, as temperatures rise and precipitation patterns shift. This has led to significant economic losses, particularly in...
-
Samsung Electronics Says It Is Not Interested in Spinning Off Foundry Business
Samsung chairperson Jay Y. Lee has said that the company is not looking to spin off its businesses of contract chip manufacturing and logic chip designing operation. Analysts say the two businesses are incurring billions of dollars of annual losses due to weak demand and have been dragging down Samsung's overall performance.
-
WHO Says 1.6 Million People Globally Fall Ill Daily Due To Contaminated Food
Saima Wazed, regional director at WHO, informed that South-East Asia is the second most affected region after Africa, when it comes to contaminated food.
-
Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
-
"Saw Name Flash On TV": Families Mourn Loss Of Their Children At Kerala Fest
Teary-eyed, forlorn faces stared blankly into the distance, an illustration of the terrible grief the four families are going through after each of them lost a child in a stampede at Cochin University's annual tech festival a day ago.
-
Indian Tax Authorities Are Losing Rs 2 Lakh Crore Annually, Claims Report
As Cricket World Cup 2023 is gaining momentum, illegal betting activities are also picking up steam with crores of rupees invested through informal routes leading to a loss of about Rs 2 lakh crore to tax authorities, a report said.
-
Italian Football Clubs Lost 3.6 Billion Euros During Covid Pandemic: Report
Losses for the 2021-22 season alone, the last considered for this report, amounted to 1.4 billion euros, "the worst ever recorded in the fifteen years that this annual report has been published," it said.
-
Corrosion Leads To Losses Worth USD 110 Billion In India Annually: Report
Losses worth USD 110 billion occur every year in India due to corrosion in projects across sectors, industry body ISSDA said today.
-
Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
-
Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
-
Loss And Damage At Major Climate Summit In Egypt: What It Means for India
As COP27, the annual UN climate jamboree starts, India appears to be on a strong footing to play a decisive, leadership role even though it has an Achilles heel vulnerability.
-
Getting A Bank Locker? Know These RBI Rules
Banks will have to pay up to 100 times the annual locker rent to the customer as compensation in case of any loss arising out of its negligence.
-
Will Scale Up Efforts To Aid Early Childhood Care, Address Learning Loss: Reliance In Annual General Meet
Reliance Industries this year has started its academic session at the Jio Institute. The Nita Mukesh Ambani Junior School will also be launched this year as an expansion to the Dhirubhai Ambani International School.
-
Google Fiber Plans to Bring High-Speed Internet Service to Several US Cities
Google Fiber has announced to bring introduce high-speed Internet service to multiple cities in the US in the first big expansion since it started as an independent Alphabet unit in 2015. Chief Executive Dinni Jain said his team is prepared to "add a little bit more build velocity" after over four years of sharpening operations.
-
Opinion: The Significance Of Tata Hiring Campbell Wilson As Air India CEO
As travel resumes and the carrier moves past the record annual loss it was reporting around this time last year, Chief Executive Officer Goh Choon Phong wants to pursue a multi-hub strategy, one in which airlines owned by it will benefit from aviatio
