The rich are still getting richer, but the coronavirus crisis may slow the breakneck pace of wealth accumulation for years to come. Volatile markets and the economic fallout from the virus could wipe out as much as $16 trillion of global wealth this year and hinder growth for the next […]
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Rupee rises 7 paise to 76.09 against US dollar in early trade
The rupee appreciated 7 paise to 76.09 against the US dollar in early trade on Thursday tracking weak US dollar and gains in the domestic equity market. Forex traders said rupee was trading in a narrow range as positive domestic equities and weak US currency supported the local unit, while […]
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Amazon launches Saudi Arabia shopping site despite CEO’s dispute with kingdom
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company’s chief executive, Jeff Bezos. The website is a re-branding for Saudi customers of Souq.com, a Middle East e-commerce platform that Amazon acquired in 2017. Shoppers’ […]
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DoT set to ask BSNL not to use Chinese telecom equipment in 4G upgradation
The Department of Telecom (DoT) is set to ask state-owned Bharat Sanchar Nigam Ltd (BSNL) not to use Chinese telecom gear in its 4G upgradation, which is being supported as part of the company’s revival package, according to sources. The development comes at a time when Indian and Chinese armies […]
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Rating agency Fitch cuts India’s outlook to ‘negative’
Fitch Ratings on Thursday revised India’s outlook to ‘negative’ from ‘stable’, stating that the coronavirus pandemic has significantly weakened the country’s growth prospects for the year and exposed the challenges associated with a high public-debt burden.The move comes after another rating agency Moody’s earlier this month downgraded India’s sovereign rating […]
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EBay’s former PR chief is ‘executive 2’ in cyberstalking indictment
EBay Inc.’s former communications chief is “Executive 2” in a federal indictment accusing company employees of cyberstalking a Massachusetts couple, according to two people familiar with the matter. Steven Wymer, who has not been charged with a crime, was EBay’s public-relations chief for about nine months in 2019, when six […]
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The workplace might still be unequal for LGBTQ workers
Even with the U.S. Supreme Court ruling on June 15, workplaces will be far from equal for lesbian, gay, bisexual and transgender Americans. In a 6-3 decision, the court had ruled Title VII of the Civil Rights Act of 1964, saying that federal law prohibited discrimination based on sex as […]
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Zoom to offer end-to-end encryption for all users, trial to begin in July
Zoom Video Communications Inc will offer its free and paying users end-to-end encryption for video calls and launch a trial version in July, the video conferencing provider said on Wednesday. California-based Zoom had originally planned to strengthen encryption only for its paying clients. The company has attracted millions of free and paying […]
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Sushant Singh Rajput’s sister pens open letter to him
Sushant Singh Rajput’s US-based sister Shweta Singh Kirti finally reached their Patna home and wrote a heartfelt note for her “baby” brother on Facebook who died by suicide on Sunday. She shared the note along with a picture of a handwritten card given to her by her late brother. She began the […]
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Controversial pacer Sreesanth in Kerala Ranji team
After seven-year ban the Kerala Cricket Association (KCA) has decided to take controversial speedster S Sreesanth (37) in the state Ranji cricket team in September after his ban period ends. In May 2013 Delhi police had arrested Sreesanth and two of his Rajasthan Royals team mates, Ajit Chandilia and Ankit […]
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Kunal Kemmu calls daughter Inaaya his ‘personal little sunshine’, shares adorable photo
The coronavirus pandemic has been tough on the entire world, but Kunal Kemmu has his ‘personal little sunshine’ – daughter Inaaya – to cheer him up even in the darkest of times. The actor took to Instagram to share a sweet picture of him gazing lovingly at her, while she finishes a meal. They […]
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Do what you want: When Kohli backed Ashwin’s plan to dismiss Warner
That India off-spinner Ravichandran is a street-smart cricketer is a secret to none. His tactical abilities are as strong as his off-spinners or carom balls. Ashwin gave an account of his strong analytical mind by revealing how he had planned David Warner’s dismissal in the Bangalore Test against Australia in […]
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Rishi Kapoor’s rare family picture is a gem, Riddhima calls it ‘classic’
Riddhima Kapoor has shared a rare family picture from her archives and it’s a treat for the film lovers. It shows Raj Kapoor’s late wife Krishna Raj Kapoor sitting with four of her children. Riddhima shared the black-and-white photograph on her Instagram Stories and captioned it, “Classic.” Krishna Raj can be […]
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The ‘Flick’ behind Bayern’s resurgence and record eighth
Few football clubs have an array of former stars as bosses and influencers as Bayern Munich. There’s Uli Hoeness, who stepped down as president last November but continues his 50-year association with the Bavarian giants as board member. Karl Heinz Rummenigge is CEO (he will be replaced by Oliver Kahn […]
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Harry Potter actor Jessie Cave expecting third child
Actor Jessie Cave, best known for playing Lavender Brown in Harry Potter and the Half Blood Prince, is set to welcome her third child with boyfriend, comedian Alfie Brown. The 33-year-old actor took to Instagram to share the news. “Oops I did it again,” Cave captioned her picture showing off her baby […]