Day: May 30, 2020

U.S. to Quit WHO; Vaccine Progress in China: Virus Update

(Bloomberg) — Brazil overtook Spain to rank fifth in the world in coronavirus deaths, with no sign of easing in Latin America’s biggest economy. The U.S. will quit the World Health Organization after President Donald Trump faulted its actions with China and the virus.

A front-running vaccine candidate being developed in China is expected to be available as soon as the end of this year, according to a report published in China. A divided U.S. Supreme Court rejected calls by churches in California and Illinois to block restrictions on worship services during the virus outbreak.

Moderna began a mid-stage trial …

Q4FY20 GDP shows slowdown deepening, demand weakening due to coronavirus

The government had imposed coronavirus lockdown in the last week of March to curb the spread of the virus and the GDP data for Q4 also takes into account data from the lockdown week.

While Q4FY20 GDP data has surpassed most estimates, the growth slowing to 3.1% reflects an intensification of economic slowdown on the back of the coronavirus pandemic which has afflicted countries around the world. The government had imposed coronavirus lockdown in the last week of March to curb the spread of the virus and the GDP data for Q4 also takes into account data from the lockdown

Challenging Times: Capgemini’s Delaporte to be Wipro’s new CEO

The new CEO will bring consulting experience across several industry verticals, particularly the financial services as he has spent two decades heading that vertical.

Wipro, the country’s fourth largest IT services company, on Friday announced the appointment of Capgemini’s chief operating officer and a member of the French IT major’s group executive board, Thierry Delaporte, as its CEO and managing director. Delaporte will be based in Paris and will join the company from July 6 and report to Wipro’s chairman Rishad Premji.

The new CEO will bring consulting experience across several industry verticals, particularly the financial services as he