IVT Global News Agency/World Bank
The world bank has slashed its prediction or forecast for the growth of the world economy by 3.6% from 4.4% earlier. This is due to the pandemic's related impact on the global economy and the Russian war on Ukraine.
The Ukraine war not only affected Ukraine and the Russian economy, but Russia also managed its economy in a well-planned manner, selling oil to the allies and friendly nations at a lower price, while Europe ended up paying the high price of the oil and gas from Russia now, increasing the food bills of each family in Europe, while America was not affected much as they have enough reserves of oil and America have their own reserves of oil fields from which America can easily extract oil.
The EU nations face two threats, the first one being the cold weather when they desperately need to heat homes and offices while the gas is supplied by Russia directly through the pipeline. The Russian gas and oil pipelines are the arteries of the European economy and were affected very badly.
Many nations, especially Germany, refused to abide by the terms imposed by America on Russia.
While Russia is fighting a real war in the open sea, America started only fighting the war by oral-service and the so-called sanctions that Putin's Russia anticipated and remedied before the war began.
The other side of the globe is fully affected due to sanctions, and many nations find it difficult to find a new market for their exports. The European nations and the companies and corporates that shut down and left Russia have all lost their invested money, and they can't find such a huge market like Russia anywhere in the world.
China is determined to stand behind Russia as American expansionism has become an irritant in global politics there. India started buying oil at a cheap rate and sending ships full of everything Russia needed. This way, many friendly nations help Russia in this testing time.
The total ruins of the Ukrainian economy and the prices Zelensky paid and the Ukrainians paid were much higher than the prices everyone expected. Today or tomorrow, Zelensky will be caught and executed for preventing another war and wasting money that Russia wasted. The price of this war and responsibility remains fully on the shoulders of America and Zelensky alone.
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The COVID days are about to be over. The latest trend in work culture is working from home. It gives work-life balance for the employees, and many of them still prefer to work from home, as they believe they can meet the deadline and save travel time. Many men even want more time with their families, while yesterday's father now becomes the real dad when he is around his kids and a good husband is with their wife spending more time with her. Even then, he is able to fulfill his commitment on a day-to-day basis to his office and his jobs.
What is next, after the COVID-19 lockdown?
When given a chance, most employees still prefer to work from home. Because it has become a habit of working from home for more than two years now, many of them still believe they can fulfill the quality and deliver the service on time while working from home. It is a fact that many jobs are not easily fulfilled from home or completely by a remote work style, yet the employees believe their work-life balance is more important than earlier. First of all, no one knows who will be alive tomorrow, and people became more caring and giving about being hit by COVID, which opened their eyes to the reality, simplicity, and uncertainty that prevail in real life. Everyone wants to give more time to their family and maintain a work-life balance rather than just chasing their career and dreams. Good days are ahead. Bonding is becoming stronger than ever before!!!
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Uber may use WhatsApp to book Cab in India soon.
Meta, the new incarnation of Facebook, now helping out Uber to use WhatsApp to book the ride in India. This will give a big boost to the WhatsApp platform and the passengers will find it very easy to book their ride as well.
The conveyance of this ride booking is that the passenger doesn't have to download the uber app from the app store, something people hesitate and the company is getting fewer riders than it used to get for some time now. The total number of people downloading the app has come down for long time.
According to the company, to make the journey more convenient is making the cab booking easier. It will allow the passengers to book their ride using the WhatsApp platform that would make their life easy and the booking more convenient for them. The company also believes this will increase the number of passengers using their service much more frequently than it is now.
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The fact is that the Blacks in the core board of Directors in the Fortune 500 companies are found much lesser than the educated Blacks who can take such responsibility are filled in the market. Amazon (AMZN), Microsoft (MSFT), Starbucks (SBUX) and Zillow (Z) are taking initiatives to fill enough or adequate number of Blacks in the board by 2028....
Google is going to help the world save energy by guiding travellers using its Google map. When you plan to travel, a Google travel map will tell you which route is the shorted one and will save time and fuel saving. The new initiative will save gallons of fuels on all travel journeys.
Its investment in Uber and Wework has contributed the maximum. And this year the Company has earned $4 billion. SoftBank Vision Fund, its investment arm invested in more than 70 Tech-companies and growing faster.
The Lebanese are in the streets protesting against the tanking economy and the helpless authorities who are unable to find a solution to contain their sinking economy. Lebanon is known for the exploitation of workers from different countries when they are constructing stadiums for the Olympics. The Lebanese believe that the authorities are not doing enough to contain the eroding base of the economy, and the currency has gone down from 1500 per dollar to 25,000 per dollar.
It is a shame for a nation like Lebanon.
In the street, people burned tires/tyres and vehicles. However, the deaf political class stands mute in front of the worried people.
The public has the right to know whether their country will come back to the golden old days. This enraged public needs a satisfying answer and a constructive, time-bound solution.
However, Lebanon tried to get a loan from the World Bank without having any blueprint or any concrete steps to bring the economy back on track.
That is one of the reasons people are coming into the street to protest.
The European Union member nations also faced similar problems earlier, including Greece. Somehow, these nations had to accept the bitter pillar of prudence in expenditure, something the leftist rulers found difficult to accept, as these measures aren't popular for getting the vote. The old-age pension, the health sector, and the educational sector may get cut if Lebanon accepts the new terms of the World Bank for any financial aid in the coming days.
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