United States oil futures plunges below zero for first time in history in unprecedented wipeout on Monday with traders dumping May contracts as analysts warn that crude storage will fill to the brim by next month, and US shale firms weigh the real possibility of shutting down production. Oil producers are running out of room...
India is on the path to developing a sprawling surveillance state along the lines of China’s own surveillance model. The contact tracing techniques developed for the COVID-19 pandemic are now accelerating the process of deploying surveillance technologies in India. The government of India has launched its own contact tracing app called Aarogya Setu. In a...
The total number of novel coronavirus cases in the world’s second-most populous country, India has risen to 7,876, while the death toll mounted to 276, with the fast-spreading virus in various parts of the country, according to the Union Health Ministry. The number of active COVID-19 cases reached over 6,634, while 653 people were either...
The world was fighting with Covid-19 but Saudi Arabia flooded the oil market to close the US shale industry. Every country requires performing energy markets for economic development but since mid- February oil and financial markets have been rocked due to Covid-19. According to International Energy Agency (IEA), the oil industry is going through ‘the...
The Covid-19 crisis has resulted into a blessing in disguise for the central banks who sought digitalization of the global monetary system since 1983. While the need of a digital currency has increased amidst coronavirus pandemic, the dramatic fall in the global economic outlook can result into a serious crisis that can lead the world...
The total number of global cases has passed 1,000,000, including more than 50,000 fatalities. Over 208,000 patients are reported to have recovered. 1,004,533 COVID-19 cases and 51,560 deaths have been reported across the globe as of April 02, 2020, 19:10 GMT, according to WHO. So far, 205 countries and regions have reported COVID-19 infections. A...