Ashok Ramprasad
Chinese Real Estate Giant Evergrande Narrowly Avoids Another Default
China Evergrande Group, the world’s most indebted property developer, has managed to avert yet another default after making payments to several bondholders. This is the third time in the past month that the cash-strapped property...
One in Eight Facebook Users are Addicted to the Platform
Billions of people around the world use social media to express themselves, connect with others, and share their experiences. While it does provide users a platform to engage themselves constructively, excessive use of social media...
US Government Offering $10 Million Reward for Information on Ransomware Group
Ransomware is one of the major security threats faced by organizations around the world. Particularly in the U.S., it has turned into a national security risk as cybercriminals target critical elements of the country’s infrastructure....
NY Fed Survey Reveals Inflation Expectations at Record Levels, Living Expenses Shoot Up
In its latest monthly survey, the Federal Reserve Bank of New York revealed that the short-term inflation expectations of Americans reached an all-time high in October. Moreover, their opinions are unfavorable when it comes to...
US Federal Government Terminates Multi-million Dollar Contract With Vaccine Manufacturer
Emergent BioSolutions, a Maryland-based vaccine manufacturer has announced that its multi-million dollar contract with the United States government has been canceled. In March this year, the company was accused of ruining nearly 15 million doses...
Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and the economy, the United States Federal Reserve announced on Nov. 3, that it will be scaling down the...
Chinese Spy Caught and Convicted for Plotting to Steal US Aviation Trade Secrets
On Nov. 5, a federal court in Cincinnati convicted Xu Yanjun, a Chinese intelligence officer, over his alleged role in conspiring to steal sensitive aviation trade secrets from the country as well as recruiting spies. ...
2022 Winter Olympics: China Men’s Hockey Team Gets The Nod From IIHF to Participate
The International Ice Hockey Federation (IIHF) announced on Nov. 2 that China’s men’s ice hockey team will be included in the 2022 Winter Olympic Games in Beijing. As a host nation, communist China was guaranteed...
Facing Growing Pressure, Gaming Giant Epic to Shut Down Chinese Version of Fortnite After 2 Years in Beta
Ever since its launch in July 2017, Fortnite has taken the gaming world by storm. In spite of its immense popularity, Epic Games has announced that it has given up on plans to bring the...
Taiwan Must Protect Itself if It Wants to Prevent Communist Invasion: Defense Minister
Taiwan’s defense minister Chiu Kuo-cheng recently said that military tensions between Beijing and Taipei are the worst he has seen in 40 years. In the event of a mainland Chinese invasion, the island cannot completely...
Hong Kong Passes New Law on Film Censorship
Hong Kong, a city that was once celebrated for its democracy and freedoms in the Far East, is reeling under the National Security Law (NSL) that was passed in June of last year. Adding to...
Former Employees Sue Zuckerberg and Wife Over Discrimination and Sexual Harassment
Two former household employees of Facebook CEO Mark Zuckerberg and his wife Dr. Priscilla Chan have filed lawsuits against the billionaire couple and their various family-related business units. The ex-employees allege that they faced discrimination...