Category: International

Zoom Is Now Worth More Than ExxonMobil—And Founder Eric Yuan’s Net Worth Has Nearly Doubled In Three Months

Post author By Infohub BD
Post date November 1, 2020
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High-flying video conferencing service Zoom, which has seen skyrocketing demand during the coronavirus pandemic, is now worth more than ExxonMobil, one of the world’s largest oil and gas companies.

As of 2:30 p.m. ET, Zoom sported a market valuation of $139 billion, compared to Exxon’s $138.9 billion. Zoom began the year with a market cap of $19 billion. While Zoom posted $1.35 billion in revenue over the past 12 months, Exxon, by comparison, posted $213.8 billion in revenue during that time period.

Exxon announced on Thursday that it would lay off 1,900 U.S. employees, the latest effort to reduce costs and improve efficiency during the pandemic. Exxon has seen its operations pressured by corona-virus like other energy companies, many of which have taken steps to improve balance sheets, reduce staff and in some cases suspend dividends.

West Texas Intermediate, the U.S. oil benchmark, currently trades at around $36 per barrel, down from over $62 as recently as January.

International World

IMF’s ‘Deep Recession’ Talk Ignores Economic Reality

Post author By Infohub BD
Post date October 19, 2020
No Comments on IMF’s ‘Deep Recession’ Talk Ignores Economic Reality

The head of the International Monetary Fund ( IMF ) says the global economy is “not out of the woods.” Yet it’s hard not to worry that Kristalina Georgieva is missing the forest through the trees.

The 4.4% contraction in world gross domestic product the IMF expects for 2020 is one thing. But the 5.2% growth it predicts for 2021 makes me wonder what’s in the water in Washington. It also suggests global elites are already being complacent about the need to up stimulus as Covid-19 fallout intensifies.

Other than China, after all, where are the 2021 growth engines? China, remember, remains an export power. So, without external growth China’s prospects top out pretty quickly. IMF

Tags deep recession, deepest global recession, international Monetary Fund, World Bank: Recession

COVID-19 International North America World

Trump appears in public as his doctor says he is no longer a transmission risk

Post author By Infohub BD
Post date October 11, 2020
No Comments on Trump appears in public as his doctor says he is no longer a transmission risk

US President Donald Trump appeared back to his old self on Saturday as he addressed supporters at the White House in his first public event since being diagnosed with COVID-19 and his doctor said he was no longer a transmission risk.

Trump took a test on Saturday which showed that he was no longer a “transmission risk to others,” his physician Sean Conley said in a statement, adding that an assortment of tests taken by the president showed there was no longer evidence “of actively replicating virus.”

The White House had no immediate comment on whether Conley’s statement indicated that the president had tested negative for the coronavirus.

Tags covid-19, infoHub, Infohub BD, infohubbd, International, National, The White House

COVID-19 Health International North America World

Trump released from hospital, but doctors still have medical specifications

Post author By Infohub BD
Post date October 6, 2020
No Comments on Trump released from hospital, but doctors still have medical specifications

TOPLINE

President Donald Trump was released from the Walter Reed National Military Medical Center on Monday evening. Following an announcement by his medical team that the president’s health was improving. And that he could continue treatment at the White House, although doctors refused to divulge details of Trump. War against 19.

KEY FACTS

The president walked out of Walter Reed and flew back to the White House on Marine One, promptly tearing off his face mask before walking into the Executive Residence.

Earlier Monday, Trump released claimed by announcing his own discharge that he was feeling “really good” after news broke that he was suffering from fever, fatigue and shortness of breath three days after arriving in Walter Reed.

At a Monday afternoon press conference, White House Physician Sean Conley said Trump’s condition has continued to improve over the last 24 hours, and he now has “met or exceeded all standard hospital discharge criteria,” though he “may not entirely be out of the woods yet.”

Trump Briefly Leaves Hospital To Greet Well-Wishers Outside

Post author By Infohub BD
Post date October 5, 2020
No Comments on Trump Briefly Leaves Hospital To Greet Well-Wishers Outside

TOPLINE President Donald Trump left Walter Reed Medical Center, where he is being treated for coronavirus,

Sunday and was driven by Secret Service agents past well-wishers who had lined up outside the medical facility, as part of a spontaneous makeshift parade that occurred just hours after doctors disclosed the president had been treated with oxygen and steroids.

Reporters on the scene like Associated Press’ Phillip Crowther captured video and images of Trump waving to supporters from the inside of a Chevy Suburban in Bethesda, Maryland.

All passengers inside the car, including Trump, appeared to be wearing masks.

Leading COVID-19 vaccine trial resumes in Japan but not US

Post author By Infohub BD
Post date October 3, 2020
No Comments on Leading COVID-19 vaccine trial resumes in Japan but not US

Trials on the coronavirus vaccine developed by AstraZeneca and Oxford University have resumed in Japan but not the United States, where the pharmaceutical giant is working with regulators, a statement released Friday said.

The Financial Times, citing sources close to the case, reported that the US drug regulator the FDA had expanded its investigation into the serious side effects suffered by one trial participant, which had led to a brief halt in the tests, reports AFP.

The British company did not respond immediately to an AFP request for comments.

Tags Bangladesh News 24, Bangladesh newspapers, Banglanews24.com, Coronavirus 2020, covid-19, infoHub, Infohub BD, infohubbd, International

COVID-19 Health International World

WHO in talks with Russia on Covid-19 vaccine

Post author By Infohub BD
Post date August 12, 2020
No Comments on WHO in talks with Russia on Covid-19 vaccine

The World Health Organization (WHO) says discussions are underway with Russia regarding a possible pre-qualification of the world’s first COVID-19 vaccine.

“We’re in close contact with the Russian health authorities and discussions are underway regarding a possible pre-qualification of the vaccine by WHO,” WHO spokesman Tarik Jasarevic told a virtual press briefing on Tuesday, reports Xinhua.

Jasarevic explained that the pre-qualification of any vaccine involves rigorous review and evaluation of all the data required for safety and efficacy in clinical trials and noted that at the WHO level, this process would be the same for any candidate.

He said each country has national regulatory bodies that approve the use of vaccines or drugs in its territory. ……….

Tags Corona virus in Bangladesh, coronavirus, Coronavirus 2020, covid-19, health, infoHub, infohubbd, International, National, World

International World

Massive Beirut blast kills more than 70, injures thousands

Post author By Infohub BD
Post date August 5, 2020
No Comments on Massive Beirut blast kills more than 70, injures thousands

A massive explosion rocked Beirut on Tuesday, flattening much of the city’s port, damaging buildings across the capital and sending a giant mushroom cloud into the sky. More than 70 people were killed and 3,000 injured, with bodies buried in the rubble, officials said.

It was not clear what caused the blast, which struck with the force of a 3.5 magnitude earthquake, according to Germany’s geosciences center GFZ, and was heard and felt as far away as Cyprus more than 200 kilometers (180 miles) across the Mediterranean. Lebanon’s interior minister said it appeared that a large cache of ammonium nitrate in the port had detonated.

The sudden devastation overwhelmed a country already struggling with both the coronavirus pandemic and a severe economic and financial crisis.

Tags Bangladesh newspapers, infoHub, Infohub BD, infohubbd, International, National, news-paper

International World

1,000 pilgrims arrive in Mina to perform hajj

Post author By Infohub BD
Post date July 30, 2020
No Comments on 1,000 pilgrims arrive in Mina to perform hajj

About 1,000 pilgrims arrived on the Mina Valley outside Makkah on Wednesday to participate in this year’s hajj amid the coronavirus pandemic.

This time, the Saudi government has imposed restrictions to curb the spread of the virus which brought the global economy to its knees and force closure of businesses and places of worships across the world.

Hajj rituals begin with the Day of Tarwiyah (fetching water) and there are no major rituals, so the pilgrims will spend their time praying and reflecting until sunrise on Thursday, reports Arab News.

Tags Bangladesh News 24, infoHub, Infohub BD, infohubbd, International, National, news-paper

International Politics World

Let go of the idea of exerting colonial influence, China’s message to Britain about Hong Kong

Post author By Infohub BD
Post date July 22, 2020
No Comments on Let go of the idea of exerting colonial influence, China’s message to Britain about Hong Kong

Britain has warned that it will take strong action against China if it brings Hong Kong under national security law. On Monday, within 24 hours of the British Foreign Secretary’s warning, Beijing counter-threatened to London.

The Chinese Foreign Ministry said that if Britain took such a step, it would be forced to launch a counter-attack. Beijing has warned Britain not to allow colonial influence in Hong Kong.

Meanwhile, the international community is also vocal against the Chinese government’s move to bring Hong Kong under national security law. At the forefront of this rhetoric is Trump-led America. Britain has also strongly opposed China’s law.

Hong Kong was once a British colony. British Foreign Secretary Dominic Robb, speaking in Parliament on Monday, told Beijing: “If China wants to impose national security law on Hong Kong, the prisoner exchange agreement with Hong Kong will be suspended immediately. At the same time, sanctions may be imposed. “

Rabb said the prisoner exchange could be halted if clear and strong defenses were not provided. Rabb also expressed concern that China’s national security law could be abused.

Britain’s comments seem to have added fuel to the fire. In response, a Chinese Foreign Ministry spokesman said, “China will be forced to retaliate against any wrongdoing by the United Kingdom.”

“China is urging the United Kingdom not to imagine colonial influence in Hong Kong and to correct its mistakes quickly,” he warned.

Hong Kong has long been a British colonial. Occupied by China in 1997. Countries such as Australia and Canada have suspended a prisoner exchange agreement with Hong Kong over the same issue this month. The United States has suspended certain financial transactions with Hong Kong.