Amazon to hike its annual Prime fees in Europe to offset soaring costs

Amazon.com Inc. has recently announced that it would increase Prime subscription rates in Europe by up to 43% annually as it seeks to offset rising costs just days before it releases its quarterly financial results. The price increase co....

Australia sees surge in COVID-19 cases as Omicron sweeps the country

According to the official data, around 5,450 Australians have been admitted to hospitals on Monday (25th July) with COVID-19, setting a record as the spread of extremely infectious new sub-variants of Omicron puts pressure on the country....

IBM warns of USD 3.5 Bn forex hit despite beating revenue estimates

The stronger U.S. dollar led to a USD 900 million decline in Q2 revenue. IBM’s second-quarter revenues were supported by growing demand from the consulting and infrastructure sectors. IBM Corporation has reportedly surpassed....

COVID-19 vaccinations in India hits 2 billion mark in just 18 months

The Indian government's COVID-19 vaccination drive has reached 2 billion recently with the help of booster doses for all adults that are currently being administered to all people, although daily illnesses lately have reached a four-mon....

Food supply chain startup Wheelocity bags USD 12Mn in Series A round

Wheelocity, a supply chain startup that manages fresh food supplies for on-demand delivery platforms in India, has reportedly raised USD 12 million in the Series A fundraising round as it strives to expand its workforce and product offering....

Macau shuts casinos to tame COVID-19 spread as gaming shares drop

The greatest gambling center in the world Macau has reportedly shut down its 30-plus casinos and other businesses for one week, sending shares in gaming companies plummeting as the government battles to control the worst coronavirus ou....

Sanofi to make 30 of its treatments available on a not-for-profit basis

As a part of its first phase to broaden access to its medications, the French pharmaceutical company Sanofi S.A. will make 30 of its therapies, including insulin, accessible on a not-for-profit model in 40 lower-income nations. The proce....

Macao kicks off a new round of COVID-19 testing as infection rates soar

Macao has reportedly started a new series of COVID-19 testing for its 600,000 residents on July 4th as the world’s biggest gambling hub focuses on curbing the increasing number of infections in the city’s worst outbreak. All ....

Eastern China strengthens COVID-19 restrictions as new clusters arise

Amid steady economic recovery under the country’s stringent zero-Covid-19 policy, cities in Eastern China have yet again tightened curbs to limit the spread of coronavirus, as new clusters have showcased an unprecedented rise in the a....

Monkeypox virus found to be mutating faster than expected: Report

Researchers studying the genetic nature of the monkeypox have recently claimed that the virus has been mutating more than estimated. According to the National Institute of Health of Portugal, at least 50 genetic mutations are found in monke....

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