Democrat presidential candidate Joe Biden’s “Build Back Better” agenda for combatting the coronavirus pandemic and its economic effects has its foundation in an international disaster relief program designed by the United Nations, a review of the origins of the framework and terminology reveal. Biden’s “Build Back Better” plan, unveiled last month, has become a central…
Air travel will remain depressed as long as coronavirus is a risk. Even when the pandemic has subsided, airlines will struggle. The hardships airlines face will trickle down to other segments of the global economy. A strong post-coronavirus recovery has been notably absent in one vital sector—air travel. Families determined to enjoy a summer holiday…
An ongoing global outage at sport and fitness tech giant Garmin was caused by a ransomware attack, according to two sources with direct knowledge of the incident. The incident began late Wednesday and continued through the weekend, causing disruption to the company’s online services for millions of users, including Garmin Connect, which syncs user activity…
Consumer Choice Center, a global consumer advocacy group, is launching a campaign to defund the World Health Organization (WHO) and is praising President Donald Trump for his remarks at Tuesday’s coronavirus press briefing when he said he would be looking into the massive funding the United States gives to WHO annually. Trump at the press…
Germany’s Global Savings Group (GSG), the e-commerce content company, has acquired French cashback company iGraal for €123.5 million in a mixture of cash and stock. Specifically, the deal was reached with iGraal’s majority owner M6 Group, and consists of €35 million in cash and the remaining made up of an exchange of shares. The acquisition…
As the commercial airline industry grounds itself and travel restrictions bite in the face of the Chinese coronavirus pandemic, the private jet alternative is thriving thanks to the insatiable demands of the wealthy and the well-connected. According to AFP, the demand from the super rich has never been stronger. Richard Zaher, CEO of a U.S.-based private…
RTP Global, the VC firm founded by Russian entrepreneur and investor Leonid Boguslavsky, is announcing a new $650 million fund to continue backing early-stage tech startups, primarily at Series A but also some late seed deals and Series B. Of note, the VC’s last fund was launched in December 2017 and totalled $200 million, so…
Many have been bearish on bitcoin after the dominant cryptocurrency breached support of $9,000 in September. The month-long consolidation around $8,000 is not helping either. It is only giving bitcoin haters more reason to scream their bearish outlook. Peter Schiff forecasting bitcoin to plummet to $2,000. | Source: TwitterBitcoin’s technicals may not be pretty but…
Financial intelligence and analysis firm Moody’s Analytics is the latest to inject itself into the global economic recession debate further adding to the jitters. Per the firm’s chief economist, Mark Zandi, the risks of a global economic recession are currently ‘awfully high’, according to CNBC. And even if an outright recession is avoided, Zandi warned,…
As global stocks continue to slip fueled by the correction of Asian markets, analysts expect the gold price to surge by 30 percent heading into 2020. The Nikkei 225, a stock market index for the Tokyo stock exchange, plummeted by over two percent on the day alongside South Korea’s Kospi and China’s SSE Composite, which…
