Wednesday, 27 May 2020
Nobel Prize

William Nordhaus and Paul Romer Awarded Nobel Prize in Economics

Nobel Prize in economics was given to America’s former chief at the economist World Bank, Paul Romer and the great professor William Nordhaus. Nordhaus was given the prize for his astonishing development to a model that inspects the consequences of climate policy interventions on the global economy. While Romer’s work is on how the economic forces […]

SoftBank To Pick Up Majority Stake In WeWork Soon

SoftBank just announced it will own 50% of WeWork funds very soon. WeWork received a massive investment of $4.4 billion from SoftBank Group and SoftBank vision fund. It has raised 1$billion from Softbank as convertible debt, but sadly it has lost it in a blink of an eye during the first half of the year, […]

Interpol President Detained in China Over Bribery Charges

China’s Public Security Minister Zhao Kezhi, stated on Monday that Meng is being investigated for his bribery accusations. In a translation by the associated press, Zhao expressed the immense damage Meng Hongwei has caused to the country’s public security. The case provoked the Interpol to send an official request to china to clarify the legal […]

Google shuts down Google plus after breach

The company announced that the bug was located in the Google+ People API. Google+ users can access their profile data through third-party apps and also allow a third-party app to access the public profile information of a user’s friend. But that was not it, Ben Smith, Google fellow and vice president of engineering, said that […]

Sara Netanyahu

Wife of Israeli PM on trial for fraud

Sara Netanyahu appeared in court on Sunday for being charged of overspending $100,000 on celebrity chefs even when there were full-time chefs on staff. Mrs. Netanyahu has been known for her extravagant spending and abusive behaviour. In 2016, she abused a housekeeper and awarded him $42,000 for the damage. Not to mention the mistreatment to […]

Massive Explosion in Canada’s Largest Refinery

Canada’s largest refinery reports a massive explosion at one of the most critical sources of fuel for the U.S.A market. The explosion shook the neighborhood around the Irving Oil refinery, but the effect was not clear on what facilities at the plant were impacted. Typically, the plant has the capacity to refine 320,000 barrels per […]

SpaceX lands booster successfully after launch

On Sunday a SpaceX Falcon 9 rocket carried an Argentinian satellite into space and for the first time landed a first-stage booster back at its California launch site, giving viewers a spectacular view. Before the launch, the Air Force mentioned that it is expected that people would see the rocket’s condensation trail. They also advised […]

China’s Stock Market Stumbles

China’s stock market tumbled as investors were frightened by the cental bank’s decision to cut down the amount of cash that the country’s lenders must hold as reserves, for the sake of the economic growth. The central bank mentioned that the reserve requirement ratio currently stand at 15.5 % for large institutions and 13.5% for […]

Amazon Prime

Amazon acquires online Pharmacy PillPack

Amazon entered the pharmaceutical industry with the acquisition of tech-focused retailer PillPack, an online pharmacy which operates in all 50 US states and offers pre-sorted dose packaging and home delivery. This is a threat to the traditional players like Walgreens and CVS in acquiring market shares. According to PillPack CEO Parker, with Amazon they are […]

OTD Travel: Bali, Indonesia

Renowned as the Paradise on Earth, Bali is one of more than 17,000 islands in the Indonesian archipelago. The small population is the famed Island of Gods, beaches and unique culture. Amed and Tulamben are fast becoming recognized as the best place in Bali to learn free-diving. Warm waters, young crowd, cheap living and reliable […]