UK Economy Recovery Slows Before Omicron Variant Hit: Report

People walk past the Big Ben clock at the Houses of Parliament in central London on December 16, 2021 as some scaffolding is removed with restoration project nearing its end. Tolga Akmen / AFP Gross domestic product grew 1.1 percent in the July-September period as the economy reopened.AFP LondonLast Updated:December 22, 2021, 15:40 ISTFOLLOW US…Continue Reading

South Africa’s Case Drop May Show Omicron Peak Has Passed

Passengers queue to get a PCR test against the coronavirus disease before traveling on international flights, at O.R. Tambo International Airport in Johannesburg, South Africa. (Image: Reuters)’It was a short wave … and the good news is that it was not very severe in terms of hospitalizations and deaths,’ a researcher said. Associated Press JohannesburgLast…Continue Reading

France Could Soon Have 100,000 Covid Cases a Day, Health Minister Says

Home » News » World » France Could Soon Have 100,000 Covid Cases a Day, Health Minister Says1-MIN READFrance could soon have around 100,000 new Covid-19 cases a day, health minister warned. (Reuters File) The Omicron variant will be the dominant strain of COVID in France by early January, Veran told BFM TV.Reuters ParisLast Updated:December…Continue Reading

Rakesh Jhunjhunwala-backed Akasa Air unveils its brand identity

‘The Tagline ‘It’s Your Sky’ encapsulates an inclusive brand experience by reminding us that the sky embraces everyone,’ says Akasa Air Topics Rakesh Jhunjhunwala | Akasa Air BS Web Team  |  New Delhi  Last Updated at December 22, 2021 15:34 IST Ace investor Rakesh Jhunjhunwala-backed Akasa Air on Wednesday revealed its much-anticipated brand identity with the unveiling…Continue Reading

Amazon to acquire full stake in JV Prione Business Services

E-commerce major Amazon on Wednesday said it will acquire Prione Business Services – its joint venture firm with Catamaran, subject to requisite regulatory approvals. In August, Amazon and NR Narayana Murthy’s Catamaran had announced that they will not continue their joint venture, Prione Business Services, beyond May 2022. “Prione Business Services Pvt Ltd – the…Continue Reading

Mahindra’s SsangYong joins Chinese firm for EV battery development

SsangYong Motor Co, the South Korean unit of Indian carmaker Mahindra and Mahindra Ltd, said on Wednesday it has signed an initial pact with Chinese electric vehicle maker BYD Auto Co for EV battery development. SsangYong Motor has signed a memorandum of understanding with BYD Auto to develop car batteries and produce battery packs for…Continue Reading

Banks raise over Rs 37,000 cr via AT1 bonds amid capital ratio concern

Call options for instruments raised last year and worth Rs 28,430 crore are due in the next financial year. Topics at1 bonds | Indian Banks | private sector banks Abhijit Lele  |  Mumbai  Last Updated at December 22, 2021 15:23 IST Indian banks have raised more than Rs 37,000 crore by issuing new Additional Tier 1 bonds (AT1) this…Continue Reading

4,690 arrested under UAPA, 149 convicted: Govt tells Rajya Sabha

As many as 4,690 people were arrested in different parts of the country under the stringent anti-terror law Unlawful Activities (Prevention) Act in the past three years, and 149 of whom got convicted, according to government figures. Union Minister of State for Home Nityanand Rai said in Rajya Sabha that 1,421 people were arrested in…Continue Reading