Pandemic Financial News

Riot Games, the developer of the popular “League of Legends” multiplayer battle game is joining other tech companies that have been cutting back with a layoff of 11% of its staff

Macy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan

Pilots at Southwest Airlines have approved a new contract with huge pay raises

NEW DELHI : Serum Institute of India is set to receive up to $30 million from the Coalition for Epidemic Preparedness Innovations, or CEPI, to expand its vaccine production capability, specifically targeting infections that hold potential to trigger an epidemic or pandemic. “This would then enable CEPI-backed vaccine developers to quickly transfer their technology to SII within days or weeks of an outbreak to begin rapid production and equitable distribution of affordable vaccines to affected populations," SII said in a statement on Tuesday.

By Bhanvi Satija and Patrick Wingrove

'zombie viruses', causing a major disease outbreak and new global medical emergency, according to a report published by The Guardian. Consequently, researchers have started developing an Arctic surveillance system to identify early instances of a disease brought on by archaic microbes.

A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes their actions but does not accuse either of doing anything illegal.

(Reuters) -Southwest Airlines said on Monday its pilots approved a new labor agreement, which will offer about a 50% pay raise over a five-year period.

Budget 2024: Besides being the annual financial statement of the government and a projection of its revenue and expenditure in the coming year, the budget is also an eloquent device that speaks of a government's priorities in general. In its banner announcements as well as fine prints, a budget will tell you a lot about what the government wants.

Wipro Ltd, sub-contractor expenses as a percentage of revenue in the December quarter dipped to below or near levels that prevailed before the outbreak. At TCS, HCL Technologies, and Wipro, sub-contractor expenses accounted for 6.14%, 13.12%, and 11.61% of revenue in the third quarter, falling below 7.75%, 13.4%, and 14.49% they reported in the January-March period of 2020. At Infosys, these expenses were a tad higher at 7.89% at the end of December, against 7.32% in the March quarter of FY20.

Disease X." While Disease X currently has no existence, it remains a potential threat that may emerge in the future. Coined by the World Health Organization in 2017, Disease X serves as a term for an as-yet-unknown infectious condition capable of triggering an epidemic or, if it spans multiple countries, a pandemic.

Manesar and Greater Noida in the NCR and Maharashtra Industrial Development Corporation (MIDC) in Thane are among the costliest locations to acquire land for building a warehouse, with prices ranging from '15-30 crore per acre, compared to the average price of '2-5 crore per acre in other top markets in the country, according to CBRE. Supply and absorption of warehousing space reached a new high as the pandemic propelled demand for e-commerce and retail, while FMCG continued to perform well, the real estate consultancy said. Total leasing in 2023 stood at 38.8 million square feet across eight cities, CBRE said in a report. «As we envision the future of the industrial and logistics sectors, this robust growth is a testament to the sector's resilience despite global economic challenges,» said Anshuman Magazine, chairman and CEO, India, Southeast Asia, Middle East & Africa, CBRE. Total Industrial and Logistics (I&L) space supply hit a new peak of 36 million sq ft in 2023. The move towards more structured operational models in industries such as retail, FMCG, and manufacturing is spurring demand for efficient last-mile delivery solutions, leading warehousing firms to actively explore markets to meet this demand. During the year, I&L space leasing was predominantly steered by third-party logistics firms with a combined market share of about 45%. Within this sector, occupants from diverse industries such as ecommerce, retail, and manufacturing chose to outsource their supply chain operations to these firms. «Witnessing diverse occupancies in I&L leasing from 3PL, e-commerce, retail, and manufacturing sectors indicates streamlining supply chain operations.

millennials and Gen Z in these two countries is once again driven by economics. Living with parents (LWP) reached an all-time high during the pandemic. But that merely gave LWP a 50% boost. 2021 US Census reports that 23 million (45%) 18-29-year-old Americans were living with parents.

Small businesses are happier with the financial services they receive from credit unions than with those provided by the country’s five largest banks, a survey by the Canadian Federation of Independent Business has found.

Inflation in Japan slowed for a second month, giving central bankers reason to wait before ending their negative rate policy. While the data support the view the Bank of Japan officials won’t rush into the first rate hike since 2007 when they meet next week, services prices remained elevated and suggest that an eventual normalizing of policy remains on the table. Inflation expectations declined in Europe, while retail sales and consumer sentiment in the US increased.

On a cool Thursday afternoon in Ottawa, veteran police officer Sgt. Avery Flanagan approaches a man hunched over in a downtown parking lot. He has crushed opioids in one hand and a needle in the other.

₹8.51 trillion, in a freewheeling chat with Mint's Ram Sahgal. Edited excerpts: As of now, the market is supported by strong fundamental, macroeconomic, and supply-demand factors, with any potential headwinds likely stemming from global issues, be it geopolitical or macroeconomic shifts, such as a slowdown in the US. From an earnings perspective, we will see decent growth in fiscal year 2024-25 (FY25), but the pace will be slow when compared FY24, which was a normal year post the pandemic shock .

Ayodhya, using it as a ploy to deceive unsuspecting individuals, according to a ToI report. If you receive a message offering 'prasad' from the sacred event and it includes a link for payment, refrain from clicking. Modus Operandi Police said that the scammers send messages to random numbers, assuring the delivery of 'prasad' from Ayodhya. Upon clicking the link provided in these messages, users are prompted to input their details. Almost immediately after entering their phone numbers, the fraudsters obtain access to the linked bank accounts. The entire process of siphoning off the funds takes mere seconds. Some deceitful groups are even enticing people with offers like phone recharge, using a similar modus operandi to gain unauthorised access to bank accounts. A city police officer cautioned, «There is hardly any religious organization or institution that delivers prasad like this. If anyone comes across such messages, please ignore them and don’t click on any links.»

₹8-9 trillion are being made in infrastructure every year. A finance ministry spokesperson didn’t respond to emailed queries. Experts said infrastructure projects would benefit significantly from a dedicated credit enhancement body as it would ensure investments required over the medium to long term are realized.

FOX Business real estate contributor Katrina Campins discusses whether the housing market is on the verge of a boom after the Fed signaled lower interest rates on 'Making Money.'

Brookfield Asset Management Ltd. is in talks to invest in Dubai-based GEMS Education, one of the world’s largest private school operators, people familiar with the matter said.