China's economy expands 3.2% as coronavirus curbs lifted : Bulletin: Business Today
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China's economy expands 3.2% as coronavirus curbs lifted

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July 16, 2020

Google to invest Rs 33,737 crore in Jio Platforms

Mukesh Ambani, during the Reliance Industries Annual General Meeting on Wednesday announced that Google would invest Rs 33,737 crore in Jio Platforms. Google is the latest tech giant to invest in Jio Platforms after Facebook, Qualcomm and Intel. Google's is the 14th investment since April 22 amounting to a total of Rs 152,055.45 crore.

Decision on Tiktok, Chinese apps likely in weeks, not months: White House

The White House indicated on Wednesday that a decision on Chinese mobile applications, including TikTok, could be taken within weeks and not months. The move to ban TikTok in the US has suddenly gained momentum after India's decision in this regard last month.

China's economy expands 3.2% as coronavirus curbs lifted

China's economy rebounded from a painful contraction to grow by 3.2 per cent over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened. The expansion reported Thursday was a dramatic improvement over the previous quarter's 6.8 per cent contraction China's worst performance since at least the mid-1960s. But it still was the weakest positive figure since China started reporting quarterly growth in the early 1990s.

Coronavirus vaccine: Early stage trial results of AstraZeneca to come out on Monday, says Lancet

Early-stage human trial data on a vaccine being developed by AstraZeneca and Oxford University will be published on July 20, The Lancet medical journal said on Wednesday. The vaccine candidate is already in large-scale Phase III human trials to assess whether it can protect against COVID-19, but its developers have yet to report Phase I results which would show whether it is safe and whether or not it induces an immune response.

Coronavirus: Delhi to get third plasma bank at GTB Hospital

Reliance Jio launches Jio Glass, its first smart glasses to take on Snap Spectacles 3

Reliance Jio has launched its first augmented reality-enabled glasses Jio Glass in India at the 43rd AGM. The Jio Glass is an answer to Snap's Spectacles 3 that was launched earlier this month but have comparatively more use cases. Unlike Snap's Spectacles 3, Jio Glass is centred on video calls amid the sudden surge in demands for remote communications using videos amid the covid-19 pandemic. Jio Glass uses 3D holographic images of participants in a video call in a setup that is driven by mixed reality.

Twitter accounts of Bill Gates, Barack Obama, Jeff Bezos, Elon Musk hacked in Bitcoin scam

Several prominent personalities including Amazon chairperson Jeff Bezos, Microsoft co-founder Bill Gates, former US President Barack Obama were targeted by hackers on Twitter in an apparent Bitcoin scam. Twitter accounts of US Election 2020 candidates including Joe Biden, Mike Bloomberg, and Kanye West, were hacked as well. Accounts of Warren Buffett, Elon Musk, Apple Inc, Kim Kardashian, and Uber were also hacked in this high-profile breach.

Govt needs to put more money in hands of poor, says Abhijit Banerjee

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