Markets
Google Pay: Save, Pay, Manage by Google LLC
You can opt into using transaction history to personalize the app. Google Pay now alerts users when you may be paying a stranger, offers advanced security, and provides transparency and control via easily tweaked privacy settings. Google Pay users will be able to use the app to apply for so-called Plex checking and savings accounts from 11 banks. The idea behind the project is simple enough, ... [Full Article...]
Covid condemns billions to poverty for a decade - Oxfam
The report said that Mr Bezos had earned so much by September 2020 that he could have given all 876,000 Amazon employees a $105,000 bonus and still been as wealthy as he was before the pandemic . "The majority of those forced into poverty are informal workers". The non-profit group said other top India billionaires like Shiv Nadar, Cyrus Poonawalla, Uday Kotak , Azim Premji , Sunil Mittal , ... [Full Article...]
Foreign investment faces U-shaped recovery
While developing countries in Asia weathered the storm well as a group, attracting an estimated $476 billion in FDI in 2020, flows to members of the Association of Southeast Asian Nations (ASEAN) contracted by 31% to $107 billion, due to a decline in investment to the largest recipients in the subregion. [Full Article...]
Ford recalls 3 million vehicles for airbag danger
On Tuesday, the National Highway Traffic Safety Administration denied Ford's 2017 petition seeking to avoid the recall, according to multiple reports . The devices were manufactured by a company that has been linked to the deaths of 18 people, as well as injuries in 400 drivers or passengers. The decision from the auto safety agency will also require Mazda to recall and fix driver air bags in a... [Full Article...]
Asos and Issa brothers emerge as surprise contenders for Topshop
The online retailer is now the frontrunner to acquire the brands nested under Arcadia Group. The deal could be finalized by the end of the month, but a source told the news site discussions remain "fluid". ASOS, the pureplay retailer, is up against other British retailers including Boohoo and Frasers Group, which houses brands including JD Sports. Arcadia went into administration in November, pu... [Full Article...]
Australia approves Pfizer vaccine for rollout in February
The regulator said priority would be given to groups that include aged-care residents and workers, frontline healthcare workers, and quarantine workers. Around 80,000 people will receive the vaccination per week, however Federal Health Minister Greg Hunt said this was a "conservative figure". Australia's vaccine roll-out plan. [Full Article...]
Italy prepares to take Pfizer and AstraZeneca to court over vaccine delay
The EU has sealed six vaccine contracts for more than 2 billion doses, but only the Pfizer-BioNTech and Moderna vaccines have been approved for use so far. Due to the temporary delay of vaccine shipments, ... pharmaceutical companies Pfizer and AstraZeneca are now facing harsh criticism by European countries. [Full Article...]
With 14,256 fresh cases, India's COVID-19 tally climbs to 1,06,39,684
India took less than a week to vaccinate over a million beneficiaries, the Union Health Ministry said on Sunday, stating that the country is ahead of the USA (10 days) and the United Kingdom (18 days) in achieving this mark . Developing countries should have "the same access to vaccines as the rest of the world", Pfizer chairman Albert Bourla told a virtual press conference. [Full Article...]