Economy
Walmart using Drones to deliver COVID-19 test kits
Walmart launched pilot programs to use drones to deliver groceries, household essentials and health and wellness products. On September 22, the company further expanded its experimental drone fleet to deliver at-home COVID-19 test kits. Walmart partnered with DroneUp and Quest Diagnostics Read More
Trump’s income tax issue ‘hot debatable’
US President Donald Trump paid only US $750 in federal income taxes in 2016, the year he ran for White House Office, and paid no income taxes at all during many other years, according to an eye-opening revelation report. Trump, who Read More
UN estimates workers lost US $ 3.5 trillion in wages globally
The coronavirus pandemic is taking a heavier toll on jobs than previously feared, the UN said with hundreds of millions of jobs lost and workers suffering a "massive" drop in earnings. In a fresh study, the International Labour Organization (ILO) Read More
Rebuilding cities to generate 117 million jobs
COVID-19 recovery packages that include infrastructure development will influence the relationship between cities, humans and nature for the next 30 to 50 years. With the built environment home to half the world’s population and making up 40% of global GDP, Read More
CGF launches FPCA
Today, alongside the World Economic Forum’s Sustainable Development Impact Summit 2020, the Consumer Goods Forum (CGF) officially launched the Forest Positive Coalition of Action. 17 global consumer goods brands, retailers and manufacturers will work together using their collective voice to accelerate Read More
Business world now on ‘Walk-the-talk’
The World Economic Forum today launched a set of metrics to measure stakeholder capitalism at the Sustainable Development Impact Summit. Calling on all companies to adopt the metrics to demonstrate their progress against environmental, social and governance (ESG) indicators Klaus Read More
Israel okays 10% pay cut of elected officials
Suggests to apply in govt employees too The Israeli government unanimously approved the decision, presented by Finance Minister Israel Katz, to voluntarily reduce the salaries of elected officials by 10% on Monday night. Katz might suggest further cuts in the Read More
Schwab Foundation announces Social Innovators of the Year
The Schwab Foundation for Social Entrepreneurship today announced 23 awardees for social innovation in 2020. According to World Economic Forum, from building hospitals in rural India, empowering Black-communities in Brazil, providing financial resources to last-mile communities in Ghana, harnessing 4IR Read More
WEF meet on-going
The World Economic Forum says a set of universal environmental, social and governance (ESG) metrics and disclosures to measure stakeholder capitalism that companies can report on regardless of their industry or region. Organized around the pillars of principles of governance, Read More
Nepal’s economy to slow further, ADB expects
Nepal’s economy is anticipated to grow by 1.5% in fiscal year (FY) 2021 from the preliminary estimate of 2.3% in FY2020, says the latest Asian Outlook 2020 Update, a flagship publication of the Asian Development Bank (ADB). “After strong growth Read More
