Tag Archives: billion

Mukesh Ambani’s Net Worth Drops To $48 Billion In 2 Months Amid Coronavirus Crisis

Mukesh Ambani

Mukesh Ambani is the second biggest wealth loser globally, after LVMH’s Bernard Arnault. Mumbai: The net worth of India’s richest man Mukesh Ambani dropped 28 per cent or $300 million a day for two months to $48 billion as on March 31 due to the massive correction in stock markets, …

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Facebook, Google May Lose Over $44 Billion in Ad Revenue in 2020 Thanks to Coronavirus: Report

Facebook, Google May Lose Over $44 Billion in Ad Revenue in 2020 Thanks to Coronavirus: Report

The Novel Coronavirus pandemic can wipe out more than $44 billion in global ad revenue for the tech giants Facebook and Google in 2020 as digital advertising runs dry, a new report has predicted. According to global investment bank and financial services company Cowen & Co., Google’s total net revenue …

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US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules. AirAsia, the region’s biggest budget carrier, was the latest airline to announce sweeping cuts …

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Aviation Industry Stares At Loss Of Up To $3.6 Billion In Q1 Due To Travel Ban

Aviation Industry Stares At Loss Of Up To $3.6 Billion In Q1 Due To Travel Ban

Aviation consultancy CAPA on Wednesday projected initial losses of $3.3-3.6 billion for the Indian aviation industry in the first quarter of FY2021 in the eventuality of all air services including domestic remain shut until June due to the coronavirus pandemic. The pandemic has had a significant impact on the aviation …

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SoftBank To Raise $41 Billion To Expand Share Buyback, Cut Debt

SoftBank To Raise $41 Billion To Expand Share Buyback, Cut Debt

Tokyo: SoftBank Group Corp said on Monday it is selling or monetising up to 4.5 trillion yen ($41 billion) in assets to buy back 2 trillion yen of its shares and reduce debt, sending its stock soaring to its biggest daily gain in nearly 12 years. The share buyback will …

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Coronavirus News Airlines Need Up To $200 Billion In Emergency Aid, Says IATA

Airlines Need Up To $200 Billion In Emergency Aid, Says IATA

Up to $200 billion is needed to rescue the world”s airlines during the coronavirus crisis, the global aviation association said Thursday, appealing especially to African and Middle Eastern countries to provide emergency assistance. “Support measures are urgently needed,” the International Air Transport Association said in a statement, adding that “on …

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World’s Richest 500 Lost $331 Billion In A Day In Record Market Dive

World

This week’s collapse marks the end of a decade of soaring markets and cheap money From New York to Paris, Sao Paulo to Hong Kong, the losses are unprecedented for the world’s wealthiest. The world’s 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year …

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Falls Among Elderly Cost $50 Billion Annually

News Picture: Falls Among Elderly Cost $50 Billion Annually

Latest Senior Health News By Steven ReinbergHealthDay Reporter THURSDAY, March 8, 2018 (HealthDay News) — Falls by older Americans have devastating medical and economic consequences, reaching $50 billion a year, a new study finds. “Falls among men and women 65 and older are a common, costly and growing …

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Britain 30 billion pound stimulus to tackle coronavirus slowdown

UK Pledges $39 Billion to Protect Economy From Coronavirus

Finance Minister Rishi Sunak unveiled a 30 billion pound ($39 billion) economic stimulus plan Britain unveiled a 30 billion pound ($39 billion) economic stimulus plan on Wednesday to tackle the risk of a coronavirus recession, just hours after the Bank of England slashed interest rates in a double-barrelled response to …

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Alzheimer’s, Dementia Care to Cost U.S. $200 Billion This Year

Number of Americans With Alzheimer's May Triple by 2050

THURSDAY, March 8 (HealthDay News) — Caring for people with Alzheimer’s disease and other types of dementia will cost the United States about $200 billion this year, a total that includes $140 billion paid by Medicare and Medicaid, new statistics released Thursday show. Medicaid payments are 19 times higher for …

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