Business

Amazon launches new medicine delivery service in US

Post Date: November 19, 2020

San Francisco: Amazon has introduced new pharmacy offerings to help customers in the US conveniently purchase their prescription medications, giving drug retailers such as Walmart and Walgreens new competition. The e-commerce giant said that Amazon Pharmacy, a new store on Amazon, allows customers to complete an entire pharmacy transaction on their desktop or mobile device through...

Modi bets on urban transformation, invites global investors


New Delhi: Emphasising on the transformation of urban landscapes in the post-Covid era, Prime Minister Narendra Modi invited global investors to invest in India's urbanisation plans, mobility among other sustainable solutions. Speaking at the Bloomberg New Economic Forum, Modi said that the pandemic has brought about a need to redesign the urban centres and make them...

US regulator clears Boeing 737 Max to fly again


New Delhi: The Federal Aviation Administration (FAA) of the US has cleared Boeing's 737 Max aircraft to resume flying, nearly two years after it was banned post two fatal crashes. The move comes as a relief for the aircraft major. "The design and certification of this aircraft included an unprecedented level of collaborative and independent reviews...

Global economy to remain in tenuous position in 2021: Moody’s

Post Date: November 11, 2020

New York: Global credit conditions are likely to improve overall in 2021, aided by unprecedented fiscal and monetary policy support in the wake of the Covid-19 crisis, Moody's Investors Service said. However, the initial, rapid economic rebound is giving way to a patchier, more tenuous recovery, as the pandemic proves hard to contain. In a new...

Myanmar’s Aung San Suu Kyi wins parliamentary seat


Yangon: Aung San Suu Kyi, Chairperson of Myanmar's ruling National League for Democracy (NLD), has won a seat in the House of Representatives (Lower House) for the next parliament in the recently-held general elections, the Union Election Commission (UEC) said on Tuesday. Suu Kyi, the current State Counsellor of Myanmar, competed in Yangon's Kawmhu constituency...

Taliban assures new US admin of implementing Doha deal


Kabul: The Taliban has assured the new US administration, which will come to power in January 2021, of remaining committed to the implementation of the Doha peace agreement, saying it was an "excellent document" to end the decades-long war in Afghanistan. In the statement, the group said the implementation of the US-Taliban agreement "is the...

Modi takes dig at Pakistan during virtual SCO meet


New Delhi/Islamabad: Prime Minister Narendra Modi took a swipe at Pakistan at the virtual summit of the Shanghai Cooperation Organization (SCO), saying it is unfortunate that repeated attempts were being made to violate the grouping’s charter by raising bilateral issues. Modi also said connectivity initiatives should be built around respect for sovereignty and territorial integrity...

Supreme Court slams Volkswagen for installing cheat devices

Post Date: November 4, 2020

New Delhi: The Supreme Court on Wednesday asked Skoda Volkswagen (VW) India Pvt Ltd why shouldn't the trial against it go on following an FIR registered in Uttar Pradesh over alleged 'cheat devices' installed in its cars to report lesser emissions. Senior advocate Abhishek Manu Singhvi, representing the German car-maker, submitted that in March 2019,...

China puts world’s largest IPO on hold


New Delhi: The Shanghai Stock Exchange (SSE) has announced the postponement of Ant Group's listing, the biggest IPO ever in the world at $37 billion. The CGTN reported the fintech giant announcing later the suspension of its listing in Hong Kong. Ant Group reported that after joint talks with regulators, some major changes, including changes of...