The UAE will allow foreigners to start a company without an Emirati shareholder from next month as the regional race to attract investment heats up. The change, which comes into effect from June 1, could also spur demand for commercial and residential property, said brokers. Why are the crypto market crashing? The decision was due to environmental concerns.
Tesla’s CEO cited that Bitcoin mining uses fossil fuels that have the worst emissions. According to a CNBC report, this comment by Musk had wiped more than USD300 billion from the entire cryptocurrency market on that day.
Serum Institute of India on Tuesday said that owing to India’s large population, the Covid-19 vaccination drive cannot be completed within 2-3 months, as several factors and challenges are involved. In fact, it will take at least two to three years for the entire population of the world to get vaccinated against Covid-19, the company said in a statement.
“…We are amongst the two most populous countries in the world, a vaccination drive for such a large population cannot be completed within 2-3 months, as there are several factors and challenges involved. That said it would take 2-3 years for the entire world population to get fully vaccinated,” said Serum chief Adar Poonawalla.