The wave of deaths, one-third of which has come from the world's financial capital of New York and neighbouring New Jersey and Connecticut, has had a devastating impact on American economy which has now gone into recession with an unprecedented over 35 million losing their jobs in the last three months.
The study conducted by the US-based non profit organisation Center for Public Integrity has revealed that these 25 entities accounted for a whopping 72 per cent of subprime loans during the 2005-07 period. Topping the list is Countrywide Financial Corp which shelled out subprime loans worth $97.2 billion while CitiFinancial/Citigroup Inc' is at the 16th place and had generated $26.3 billion in such loans.
China's new confidence 'borders on arrogance' which is starting to create problems for world affairs, Kenneth G Lieberthal, director, John L Thornton China Center and Senior Fellow at the Brookings Institution said in New Delhi.
Amazon Web Services (AWS) on Friday announced setting up of its second data centre region in India in Telangana that will be operational by mid-2022, and will see the tech giant investing about Rs 20,761 crore. While AWS did not comment on the investment detail, Telangana IT and Industries Minister KT Rama Rao tweeted that AWS will invest Rs 20,761 crore ($2.77 billion) to set up multiple data centres in the state.
New York, the financial capital of the world, has emerged as the epicenter of the pandemic. More than 14,000 people have died in the city and over 2,00,000 lakh people have tested positive so far. Neighbouring New Jersey has more than 78,000 cases and 3,800 deaths.
'There will always be a challenge to maintain a fine balance to ensure that the growth keeps happening and inflation is contained.'
Protests at this time when efforts are underway to strengthen the PLA and keep morale high would be worrying for the military leadership, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'
Facebook founder Mark Zuckerberg and wife Priscilla Chan introduced their daughter Maxima to the world with a beautiful and thoughtful letter.
AAP will have to learn to be patient as such electoral changes do not happen in a hurry, asserts Ramesh Menon.
Trump has roped in Army Corps of Engineers to build hospitals all over the country, activated the ready reserve components of the Armed Forces and invoked the Defense Production Act to compel General Motors to accept, perform and prioritise federal contracts for ventilators.
In an address at the Council of Heads of Government meeting of the eight-member SCO, Vice President Venkaiah Naidu said the most important challenge faced by the region is terrorism, particularly cross-border terrorism, and that India remained concerned about threats emerging from ungoverned spaces as well.
SII said it will address the limited capacity by scaling up the vaccine production over the next two months.
An alumnus of St Stephen's College, Delhi, his professional career began in the early 1990s. He completed a Master's degree in international affairs from Columbia University during 1996-98. And an MBA from Northeastern University, Boston.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
Medical experts have warned that the volume of vaccine available to fight the coronavirus or SARS-CoV-2 in coming years is expected to fall far short of global demand, despite an unprecedented effort to manufacture billions of doses.
'The question is really can we prevent half a million deaths.' 'We are fast approaching that number.'
America used to "drive the bus" in global economic terms; now other areas of the world are getting more attention. The U.S. consumer used to be unstoppable; now the cracks are starting to show. The U.S. financial sector used to be a massive profit center; now it is more like a massive black hole.
Will space tourism with a niche market of serving only the uber-rich ever be profitable, asks Kumar Abishek.
China Central Television (CCTV), which holds exclusive TV rights for the NBA, did not air the first regular season game between the Toronto Raptors and the New Orleans Pelicans on its sports channel on Wednesday. It also chose to air the World Military Games in Wuhan instead of the second game of the day between the Los Angeles Lakers and the Los Angeles Clippers.
According to industry insiders, India has 400 million smartphones and is the world's fastest-growing app market. So the addition or deletion of apps impacts the global valuations of these platforms. "Based on calls given by various local organisations to delete Chinese Apps, there will be an impact," said Blaise Fernandes, director at foreign policy think tank Gateway House. "All of them eventually will go the IPO (initial public offering) route so there would be economic impact also."
'The recalculated ranking showed India should have had a higher ranking earlier (113 in 2012 instead of 132) and lower ranking later (114 in 2018 instead of 100).' 'This would mean that there has been no change in India's climate of doing business across two regimes.' 'This is exactly consistent with the reality on the ground,' observes Debashis Basu.
Focus on Berkshire's size has grown over the years as it has amassed more than 80 businesses
'Between the quiet hallways and the empty streets, there is a misleadingly peaceful atmosphere outside, that does not reflect the stress and tragedy happening every day between hospital walls.'
'The India-Pakistan relationship is in a deep freeze, though it could be a lot worse had there not been a new LoC ceasefire a year ago.' 'The India-Pakistan relationship will only start to thaw if the Pakistani military decides it's prepared to push for detente.'
WhatsApp has drawn massive criticism from users globally, including India over concerns that data was being shared with its parent company, Facebook. WhatsApp, on its part, has maintained that messages on the platform are end-to-end encrypted and that neither WhatsApp nor Facebook can see the private messages on WhatsApp's platform.
The first tranche of 50 expected to arrive soon as part of efforts to strengthen bilateral cooperation in the fight against the COVID-19 pandemic
'Today, I am taking new actions to restrict Iran's nuclear, ballistic missile, and conventional weapons pursuits. My Administration will never allow Iran to have a nuclear weapon, nor will we allow Iran to endanger the rest of the world with a fresh supply of ballistic missiles and conventional arms,' Trump said in a statement.
An alert government in Delhi should have begun government-to-government discussions with Moscow the moment it came to know that Russians were developing a vaccine. That is to say, almost an year's time has been lost, observes Ambassador M K Bhadrakumar.
Rediff readers tell us what their first salaries meant to them.
The fire broke out at Ninho do Urubu, a state-of-the-art training centre that was expanded and opened only two months ago.
A group of envoys including those from several Europe Union countries and a few Organisation of Islamic Countries (OIC) member states began a two-day visit to Jammu and Kashmir on Wednesday to take a first-hand account of the situation in newly-carved union territory, especially after the recently-concluded local body elections.
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
These top level changes have come soon after Flipkart co-founder and Group CEO Binny Bansal resigned over allegations of serious personal misconduct in November.
The coronavirus has infected 1.2 million Americans and killed more than 73,000.
The US election campaign has provided plenty of ammunition for the CCP to make its case that its political system is superior.
Sports Awards could to be delayed: Ministry official
Emerging nations have discussed delinking the quotas from the governance reforms to facilitate its passage.
