Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Coronavirus

24 Jan 2022

China Reports New COVID-19 Cases ahead of February Winter Olympics Games

The Index Today

An increasing number of provinces in China are reporting new cases of COVID-19 as the country gears up for the Winter Olympics scheduled to happen next month in February. Beijing on Monday reported additional infection cases for the seventh consecutive day in the face China’s aggressive zero-COVID policy.

According to the National Health Commission (NHC), six new cases in the city have been confirmed by the Beijing municipality on Sunday that are suspected to have been spreading domestically. As a result, the city has accelerated its COVID measures to check the spread and bring the infection under control as the country prepares to kick off the upcoming Olympics Games in February.

This comes as the provinces of Liaoning, Shanxi, Hebei, and Shandong reported eight cases similar to the ones observed in the Chinese capital.

©Photo: REUTERS/Tyrone Siu

Clay pottery with table linens