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

World

28 Jan 2022

The World’s Largest Glacier has Melted, Further Cementing Climate Change Fears

The Index Today

The world’s largest glacier, the A68a, has melted after breaking off its shelf in Antarctica in 2017 and traveling as far as South Georgia.

New research published in Remote Sensing of Environment throws light on the scope of damage caused by the A68a glacier melt. According to the study, a total of 152 billion tons of freshwater has spilled into the ocean in the wake of the glacier melt following its three-month journey to South Georgia.

Researchers have contended that this “could have a profound impact on the island’s marine habitat.” The influx of freshwater can possibly inform “the local ocean circulation and fosters biological production.” However, scientists are yet to determine the nature and the extent of the changes wrought by the glacier melt on the oceanic ecosystem.

Clay pottery with table linens