The International Monetary Fund (IMF) has declared a cut in Asia’s economy, due to the sharp slumps in countries like India, the Philippines, Malaysia, and many others. IMS has previously declared Asia’s economy to contract 2.2% this year, reflecting sharper-than-expected contractions as the second and third wave of the COVID-19 outbreak took a heavy toll on the region. As IMF has upgraded the growth forecast for 2021, it has warned that the recovery will be sluggish, especially in the East Asian region, where many countries are dependent on tourism as the hospitality sector is seen taking a particularly hard hit for many months. IMF has released a report in which it has mentioned India’s economy to shrink by 10.3% due to weak global growth, closed borders, and increasing tensions aroun...

As Warren Buffett answered a series of questions at Berkshire Hathaway's annual meeting on Saturday, billionaire Warren Buffett cautioned people not to believe investing is a simple way to make a fortune. Long-term champions, according to Buffett, can be difficult to identify. He pointed out that there were over 2,000 automobile companies in 1903, and almost all of them collapsed, despite the fact that automobiles have changed the world since then. "There's a lot more to choosing stocks than predicting what will be an incredible industry in the future," Buffett, who is recognized for his incredibly good investment record, said. "What I want to say is that it's not as easy as it seems."Buffett has stated that most investors would do well, if they invest in an S& P 500 index fund rathe...

Microsoft has become one of the world's most valuable companies as it has grabbed the market share in the developing market of cloud computing, and bringing out the services such as Teams Collaboration and LinkedIn social network. Microsoft has worth close to $2 trillion until today. On Tuesday, Microsoft Corp beat profit estimates and met analyst’s quarterly sales expectation. Meanwhile Microsoft Corp. suffered a slight fall in the shares reflecting some one-off benefits skepticism in the results. Microsoft is expecting a high hope after year-long rally. By grabbing the highest market share in the cloud computing and inventing services like team collaboration and LinkedIn Social Network, Microsoft, a Redmond, Washington Company has come up with the number one company in the world even ...

Toyota Motor Corp. has paid $550 million for Lyft's self-driving division, highlighting the Japanese automaker's ambitions in the sector. Woven Planet Holdings, a Toyota subsidiary that started operations in January, and focuses on technologies and investment in projects such as "smart cities," robotics, and automated driving, completed the acquisition, which was announced Tuesday. According to Toyota, the payment will be split into two parts: $200 million upfront and $350 million over five years.According to Toyota, the Woven Planet project will put together engineers and researchers in the fields of mobility facilities, software & sensor assets, and automated driving systems in order to advance the technology. "This arrangement will be basic in weaving together individuals, capital, a...

One of the most useful features on Apple devices is AirDrop. It allows users of Apple devices to easily migrate data to other Apple devices. AirDrop is now said to have a bug that allows hackers to steal users' phone numbers and email addresses.According to a study from the Technical University of Darmstadt, AirDrop has a flaw that could enable a stranger to learn the phone numbers and email addresses of AirDrop users. The researchers said that all they need is a Wi-Fi-capable computer and physical proximity, to a target that starts the discovery process by opening the sharing pane on an iOS or macOS device.For clarity, AirDrop compares a user's phone number and email address to entries in the address book of the computer,with which it is about to exchange data using a shared authentica...

The world of internet advertising is boosted by an update of the Software powered by a billion iPhones on Monday, with an increased privacy risk. Apple will begin requiring app makers to tell users what information they wish to collect to track and obtain permission to do so, by displaying the so-called 'privacy nutrition label.' Apple's work over the last months led to a large gap between Facebook and other technology competitors and could have important implications for data protection and the mobile ecosystem. Digital advertisements are the livelihood and payment of free online content and services for internet giants such as Google and Facebook.An update to iOS software which powers iPhone, iPad and iPod devices includes a "Transparency App Tracking Framework," which prevents apps f...

Owing to the rising pandemic, many countries around the world have suspended their flights from India. After a survey done, it was realized that from among the travelers coming from India to their country, many of them were tested positive. It was majorly the passengers from the flights from Delhi, who were tested positive. This made the US government to take a decision to ban the flights from Delhi to the US. On 23rd April, the decision was taken, and all the flights were suspended. The United Airlines, spokesperson gave a statement that the main reason to suspend the flights was to seek clarity over COVID related travel requirements from India. On 25th April, the US based United Airlines again resumed their flights to America from Delhi. The United Airlines gave a statement that effec...

Tesla Inc. came under increased pressure from regulators and state media in China on Wednesday, after a dissatisfied customer's protest at the Shanghai auto show on Monday went viral, forcing the electrical car maker to issue a rare apology. The single-out of Tesla in China, which accounts for 30% of the company's global sales and where it manufactures cars at its own factory in Shanghai, comes amid ongoing US-China tensions and retaliation against other foreign firms.“China will still open up its market to foreign business, but that doesn't mean foreign companies are going to be offered any privilege,” the worldwide Times, a tabloid published by the ruling Communist Party’s official People’s Daily, said in an opinion piece on the “Tesla blunder”.On Monday, a disgruntled customer scaled...

The epic duel between James Bond and Auric Goldfinger is still one of the fiercest golf games in cinematic history. Even Fifty years later, the layout of that golf green in Stoke Park has not changed at all. But soon, its corporate ownership might be possible. The historic site - the most important part of Britain's blue blood - is expected to see Indian reconstruction as Mukesh Ambani, one of the richest billionaires in the world, plans to take a look at this luxury uber spa, hotel, golf course and country club spread over 300 acres in Buckinghamshire, as its new owner, said people were aware of the matter. Reliance Industries, through a global arm, is finalizing the acquisition of Stoke Park, Britain's first County Club, from International Group (IG), owned by the King family, a UK se...

PM Modi announced that India is launching an energy and climate change partnership with the United States. In a two-day gathering, that included more than 40 representatives of different countries discussed the crucial topic of climate change. The US President Joe Biden has hosted the summit while highlighting this time as a ‘decisive decade’ for tackling climate change. India, as a climate-responsible developing country, welcomed various partner countries to build projects for sustainable development in the country. Prime Minister of India said in this virtual summit to develop the temples of such projects, which in future can show a path of sustainable development in other emerging economies too. The sustainable development project includes green energy production, clean technologies,...