Global events

WORLD HEALTH ORGANIZATION FAILS THE WORLD What is WHO & What is its objective The World Health Organization(WHO) is a specialized agency of the United nations responsible for international public health. WHO was established in 7 April 1948,which is known as World health Day. WHO currently has 147  member countries. Current Director general Tedros Adhanom  Ghebreyesus (Former Minister of health & minister of foreign affairs of Ethiopia)  Article 1 of constitution of the World Health Organization states its Objective to be "the attainment by all people of the highest level of health".  Post Coronavirus time, when world will look back in to response of WHO to Coronavirus the following questions will be raised : Questions WHO must answer 1. Why did WHO not recognize human-to-human  transmission earlier when there was sufficient evidence to that? Here's the tweet from WHO WHO on 14th Jan,2020 tweeted that there is no evidence of huma

    FB SENDS JIO A FRIEND REQUEST When did FB & Jio reportedly started negotiating ? On 25 th March, 2020, there were reports in the FT that Social media giant Facebook is going to buy a 10% stake in Reliance Jio . As a result of this shares of Jio closed 14.65% higher at ₹ 1081.25.   The FT report also states that Google & Microsoft are also in discussion with Jio separately. Microsoft had said last year that it would provide cloud- computing services to businesses along with jio.Ironically the supposed   deal between Facebook & Reliance Jio which no one from Facebook & Jio had confirmed when the report was published on 25 th March , gets signed on   22 nd April , 2020 .   Why is the Deal important for both companies? For Facebook it aims   to increase the usage of Whatsapp pay in the biggest market of the company,ie., in India. The secret sauce to this deal is the potential for Facebook’s payment solutions — WhatsApp Pay. And, this is the reason w

OIL PRICE CRASH Everyone would agree that Crude oil is almost an essential commodity in modern times. But many couldn't believe that crude oil could sell at negative rate. Well to explain what happened ? how it happened? i am writing this blog. In fact, there have been instances of commodities being sold at negative prices. For instance, bonds have been known to have negative yield, in which a bondholder makes a loss by lending money. First,lets look at how is oil priced. How is oil priced? The first thing to understand is that, even before the COVID-19 outbreak induced lockdowns across the world, crude oil prices had been falling over the past few months. They were close to $60 a barrel at the start of 2020 and, by March-end, they were closer to $20 a barrel. The reason was straightforward : Too much supply and too little demand . Oil prices are controlled by traders who bid on oil futures contracts in the commodities market. That's why oil pric