EtherealNews

The Indian stock market witnessed lakhs of new investors from Tier-2 and Tier-3 cities during the pandemic. However, this enthusiasm seems to have waned as returns from the market have flattened in recent months. From a high of 20 lakh new investors in October 2021, it has dropped to 13 lakhs in April 2022. At a time when the Covid-19 pandemic and consequent lockdowns affected the economy, the stock market was one of the very few areas where the wheels were still turning. This attracted many new investors, and a record number of new Demat accounts were opened. The future remained dark with the pandemic looming over us. The global supply chain was crippled. Yet, India’s stock market remained more stable than other markets. Finance Minister Nirmala Sitharaman said that retail investors seemed to act as shock absorbers even when foreign portfolio investors went away. S Ravi BSE Sethurathnam   Ravi , former BSE Chairman acknowledges that, foreign portfolio investments or FPIs became ne...

Amazon Web Services (AWS), the cloud computing unit of the world's biggest e-commerce marketplace, has launched its second Middle East cloud region in the UAE, allowing organisations to use one of the world's biggest cloud services providers. The AWS Middle East (UAE) Region, which is located in the UAE, aims to support entrepreneurs, enterprises, the government and other entities in their operations by securely storing their data, and is projected to add about $11 billion over the next 15 years to the UAE’s gross domestic product, the company said in a statement on Tuesday. Through the new region, AWS has laid out a $5bn investment strategy in the local economy until 2036, and its projected spending on the construction and operation of the new region will support an average of 6,000 full-time jobs annually, it added. Read More : https://www.thenationalnews.com/business/economy/2022/08/30/amazon-web-services-launches-second-middle-east-cloud-region-in-the-uae/

Fruit and vegetable prices have shot up across Pakistan after flooding destroyed crops and disrupted supplies. Flash floods have washed away roads, buildings and bridges, killing at least 1,100 people so far in the country’s worst flooding in three decades. Damage to homes and infrastructure could cost more than $10 billion, the country's planning minister said on Monday. Losses to the country's key farming sector have yet to be fully assessed. In the eastern city of Lahore, close to the border with India and far from the worst floods in Sindh province, the prices of some vegetables have tripled. The Pakistani government sets prices for some fresh produce — but traders often ignore them. “Last week, I sold onions for 90 rupees a kilogram and today the government price is 300 per kg,” said vegetable seller Ahmad Ali. Read More : https://www.thenationalnews.com/world/2022/09/01/vegetable-prices-increase-as-flood-hit-pakistan-faces-food-crisis/

Elon Musk, co-founder and chief executive of the world’s biggest electric vehicle maker Tesla , has said he intends to have self-driving cars ready by the end of the year, it was reported on Monday. The world’s richest person, who was speaking at an energy conference in Norway on Monday, said he expected a wider introduction of self-driving vehicles to the roads of the US and possibly Europe, depending on the regulatory approvals, Reuters reported. Mr Musk said he was also focusing on his SpaceX Starship spacecraft. “The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit … and then having Tesla cars to be able to do self-driving." However, this is not the first time Mr Musk has made announcements about self-driving cars . In 2019, he voiced his ambition to have 1 million robotaxis on the road by the end of the following year. Read More : https://www.thenationalnews.com/business/technology/2022/08/29/elon-mu...

Before the end of the decade, ponderous woolly mammoths could be traipsing across the tundra once again. Driven to extinction about 10,000 years ago, the 15-tonne animals could soon be kicking up the permafrost — if a company called Colossal has its way. Under the aegis of George Church, considered by many to be the godfather of genetic engineering, Colossal is using state-of-the-art genomic sequencing and Crispr gene-editing technologies to splice together recovered genetic material from the long-lost mammoths and DNA from Asian elephants. It is a process known as “de-extinction”, and researchers have been working on it for several years. Read More : https://www.thenationalnews.com/world/us-news/2022/08/15/how-cloning-woolly-mammoths-could-save-the-world/

A young British man will attempt to swim the Bosphorus to raise funds in memory of his late grandfather who died with dementia. Louis Alexander, 22, from London, has dedicated his life to raising money for brain disorders. Now, the multi-sport athlete will take on what is said to be the oldest swimming challenge in the world, crossing the Hellespont, one of the busiest shipping lanes in the world. Romantic poet Lord Byron famously swam the strait between the continents in north-west Turkey in 1810 in homage to the Greek classical myth of Hero and Leander. “It’s considered by many to be the epitome of ocean swimming because it’s the oldest swim in history", Mr Alexander said. “What’s even more special is that Lord Byron was 22 years old when he did the swim, which is the same age I will be during the swim.” Mr Alexander decided last year to dedicate his life to raising money for charity via such challenges, turning him into a full-time adventurer. Read More : https://www.thenation...

Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rate hikes from central banks may lead to a global economic slowdown and soften fuel demand. Brent crude futures for October settlement dropped 3.56 percent to $101.35 a barrel at 03.00 p.m Saudi time. US West Texas Intermediate crude was at $94.23 a barrel, down 2.87 percent. Crude in US emergency reserve falls to lowest since December 1984 Crude inventory in the US emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy. Stockpiles in the Strategic Petroleum Reserve fell to 450 million barrels, according to the data, the lowest since December 1984. The 3.1 million-barrel draw was the smallest draw since the end of April. Ecuador’s state oil firm warns Trafigura to stop Russian diesel imports Ecuadoran state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Rus...