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India’s daily COVID-19 cases pass 400,000 for first time as second wave worsens

India recorded more than 400,000 new COVID-19 cases for the first time on Saturday as it battles a devastating second wave, and the country’s massive new vaccination drive was hampered in some areas by shortages of the shots.

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India recorded more than 400,000 new COVID-19 cases for the first time on Saturday as it battles a devastating second wave, and the country’s massive new vaccination drive was hampered in some areas by shortages of the shots.

Authorities reported 401,993 new cases in the previous 24 hours, after 10 consecutive days of more than 300,000 daily cases. Deaths jumped by 3,523, taking the country’s total toll to 211,853, according to the federal health ministry.

The surge in infections has overwhelmed hospitals, morgues and crematoriums and left families scrambling for scarce medicines and oxygen. And while India is the world’s biggest producer of COVID-19 vaccines, shortages of the shots in some states hindered the opening of vaccinations for all adults.

West Bengal state was unable to start a drive aimed at adults aged between 18 and 45 due to a shortage of shots and urged the federal government to provide more supplies, a senior state health official said, declining to be named as he was not authorised to speak with media.

Arvind Kejriwal, the chief minister of the hard-hit state of Delhi on Friday urged people not to queue at vaccination centres, promising more vaccines would arrive “tomorrow or the day after”.

Eastern Odisha state said on Friday it had received a consignment of 150,000 shots but would only allow a few people to get shots due to lockdown restrictions preventing movement.

In Ahmedabad, the main commercial city in Prime Minister Narendra Modi’s home state of Gujarat, hundreds of people lined up for their shots.

“I took my first dose and I am appealing to all students to take the vaccine and be safe,” said Raj Shah, a 27-year-old student in the city.

India has received 150,000 Sputnik-V vaccine doses from Russia and millions more doses will follow, an Indian foreign ministry spokesman said on Saturday.

DELHI STILL GASPING

Shortages of medical oxygen have plagued the medical system.

In New Delhi’s Batra Hospital, local media reported that eight people including a doctor died on Saturday after the facility ran out of oxygen.

“Delhi required 976 tonnes of oxygen and yesterday only 312 tonnes of oxygen was given. How does Delhi breathe in such a low oxygen?” chief minister Kejriwal tweeted.

At a hearing on Saturday, the Delhi high court took note of the deaths at Batra Hospital and told the federal government to make arrangements for the allocated supply of oxygen to be given to Delhi.

Manisha Bashu presses the chest of her father, who is suffering from breathing problem, after he felt unconscious while receiving oxygen support for free at a Gurudwara (Sikh temple), amidst the spread of coronavirus disease (COVID-19), in Ghaziabad, India, April 30, 2021. REUTERS/Adnan Abidi

“Enough is enough,” Justice Vipin Sanghi said.

The federal government’s counsel told the court: “We are doing maximum to what human limit can go.”

Desperate coronavirus patients continued to arrive at hospitals despite a shortage of beds.

Gasping for air, 62-year-old Vijay Gupta was turned away by Holy Family hospital, a non-profit private facility in the southeast of the capital, as all of its 385 beds were full.

His family and friends debated what to do try next.

“We have been roaming around since 6 a.m. looking for a bed,” said Gupta’s friend Rajkumar Khandelwal. “Where shall we go?”

A fire in a hospital about 190 km (115 miles) south of Ahmedabad killed 16 coronavirus patients and two staff, the latest in a series of deadly accidents at hospitals. read more

The Delhi government said it will extend for another seven days a lockdown it first imposed for a week on April 19.

WARNING SIGNS IGNORED

Daily infections have soared since the start of April. Some experts blame mass religious gatherings and political rallies for the severity of India’s second wave, which caught the government unprepared.

A forum of scientific advisers set up by the Modi administration warned officials in early March of a new and more contagious variant taking hold in the country, five scientists who are part of the forum told Reuters. read more

Four of the scientists said that despite the warning, the federal government did not seek to impose major restrictions to contain the spread of the virus. Millions, largely unmasked, attended religious gatherings and election rallies that were held by Modi, leaders of the ruling Bharatiya Janata Party and opposition politicians.

The surge in India has come as many countries are seeing the pandemic ease.

U.S. President Joe Biden on Friday banned most travel from India in restrictions that will take effect from Tuesday. read more

Other countries and territories have also imposed travel restrictions on India, including Australia, Britain, Germany, Italy and Singapore. Canada, Hong Kong and New Zealand have suspended all commercial travel with India. read more

Our Standards: The Thomson Reuters Trust Principles.

Eastern Odisha state said on Friday it had received a consignment of 150,000 shots but would only allow a few people to get shots due to lockdown restrictions preventing movement.

Source: https://www.reuters.com/world/asia-pacific/india-posts-record-daily-rise-covid-19-cases-401993-2021-05-01/

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Reuters

Eco-friendly sneaker maker Allbirds aims for $2 bln valuation in U.S. IPO

Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New York IPO, joining a growing number of firms tapping into surging consumer demand and investor interest for such products.

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A sign on the entrance to the Allbirds flagship store is seen in Manhattan, New York City, U.S., September 7, 2021. REUTERS/Shannon Stapleton

Oct 25 (Reuters) – Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New York IPO, joining a growing number of firms tapping into surging consumer demand and investor interest for such products.

The company, backed by asset manager Franklin Templeton, said it is offering 19.2 million shares priced between $12 and $14 each, along with the selling stockholders. At the top end of that range, the IPO would fetch about $269 million.

As global calls grow to limit global warming and switch to more environmentally friendly ways of living, several companies have come under investor and activist pressure to contribute to the change.

Among a handful of startups that recently tapped into investor interest in such sustainable offerings were Oprah Winfrey-backed vegan milk maker Oatly Group AB (OTLY.O) and Jessica Alba’s consumer goods company Honest Co (HNST.O). read more

Founded in 2015, Allbirds is also backed by Oscar-winning actor Leonardo DiCaprio and uses wool, fiber derived from eucalyptus and other plant-based alternatives in its products. It has partnered with Adidas to create a range of sustainable sneakers, some of which have become immensely popular across Silicon Valley where the company is headquartered.

Numerous celebrities, top business executives and high-profile personalities such as Barack Obama, Ashton Kutcher and Google co-founder Larry Page have been spotted wearing Allbirds sneakers in recent years.

Allbirds, however, toned down some of its environmental references in an amended filing earlier this month. The company, which said in August it would pioneer a framework to conduct the first-ever “sustainable public equity offering”, later removed references to the claim.

In its latest filing, Allbirds said it expects net revenue to grow up to 32% to $62.5 million for the three months ended Sept. 30, due to higher sales at its physical stores.

However, higher expenses are expected to drive up net losses to about $15 million to $18 million in the quarter, from nearly $7 million a year earlier.

Morgan Stanley, J.P. Morgan and BofA Securities are the lead underwriters for the offering.

Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M.

Our Standards: The Thomson Reuters Trust Principles.

Founded in 2015, Allbirds is also backed by Oscar-winning actor Leonardo DiCaprio and uses wool, fiber derived from eucalyptus and other plant-based alternatives in its products. It has partnered with Adidas to create a range of sustainable sneakers, some of which have become immensely popular across Silicon Valley where the company is headquartered.

Source: https://www.reuters.com/business/retail-consumer/footwear-maker-allbirds-targets-over-2-bln-valuation-us-ipo-2021-10-25/

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Reuters

Facebook apologizes for second outage in a week, services back up

Facebook Inc apologized to users for a two hour disruption to its services on Friday and blamed another faulty configuration change for its second global outage this week.

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Silhouettes of mobile users are seen next to a screen projection of Instagram logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Oct 8 (Reuters) – Facebook Inc (FB.O) apologized to users for a two hour disruption to its services on Friday and blamed another faulty configuration change for its second global outage this week.

The company confirmed its social media platform, Instagram, Messenger and Workplace were impacted by the latest outage.

“Sincere apologies to anyone who wasn’t able to access our products in the last couple of hours,” the company said. “We fixed the issue, and everything should be back to normal now.”

During the latest outage, some users were unable to load their Instagram feeds, while others were not able to send messages on Facebook Messenger.

People swiftly took to Twitter to share memes and jokes about the second service disruption this week. “Looks like Facebook went to a 3-day work week. Monday and Friday shutdowns?” a Twitter user said.

Instagram thanked users for their patience and “for all the memes this week”.

On Monday, the social media giant blamed a “faulty configuration change” for a nearly six-hour outage that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger.

The outage on Monday was the largest that web monitoring group Downdetector had ever seen and blocked access to the apps for billions of users, leading to a surge in usage of rival social media and messaging apps. read more

Moscow officials said Monday’s outage showed Russia was right to develop its own social media networks, while EU antitrust chief Margrethe Vestager highlighted the repercussions of relying on just a few big players, underscoring the need for more rivals. read more

Both the outages piled pressure on Facebook this week after a former employee turned whistleblower accused the company on Sunday of repeatedly prioritizing profit over clamping down on hate speech and misinformation. read more

Reporting by Subrat Patnaik in Bengaluru and Sheila Dang in Dallas; Additional reporting by Bhargav Acharya; Editing by Shounak Dasgupta

Our Standards: The Thomson Reuters Trust Principles.

“Sincere apologies to anyone who wasn’t able to access our products in the last couple of hours,” the company said. “We fixed the issue, and everything should be back to normal now.”

Source: https://www.reuters.com/technology/instagram-feeds-not-loading-some-users-2021-10-08/

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Chinese social media platforms to “rectify” financial self-media accounts

China’s top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular practices of “self-media” accounts that publish financial information, reported state media Global Times.

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WeChat app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

SHANGHAI, Aug 28 (Reuters) – China’s top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular practices of “self-media” accounts that publish financial information, reported state media Global Times.

This follows an announcement by China’s cyberspace regulator, the Cyberspace Administration of China (CAC), that it would look into accounts that have repeatedly released financial news illegally, distorted economic policy interpretation, badmouthed financial markets, spread rumours and disrupted network communications.

The term “self-media” is mostly used on Chinese social media to describe independently operated accounts that produce original content but are not officially registered with the authorities.

Wechat said in a statement on Saturday that from now until Oct. 26, it would investigate and shut down financial self-media accounts that “badmouth the financial market” and “blackmail and spread rumors.”

Sina Weibo, Douyin and Kuaishou also released similar statements on Saturday, reported the Global Times, with Sina Weibo and Kuaishou adding that they would severely crack down on accounts that violate the rules.

The announcements come amid a recent crackdown by Beijing on the tech sector, with the latest regulations targeting “chaotic” celebrity fan culture and algorithms that technology companies use to drive their business. read more

China is also framing rules to ban internet companies whose data poses potential security risks from listing outside the country, including in the United States. read more

Reporting by Emily Chow. Editing by Gerry Doyle

Our Standards: The Thomson Reuters Trust Principles.

The term “self-media” is mostly used on Chinese social media to describe independently operated accounts that produce original content but are not officially registered with the authorities.

Source: https://www.reuters.com/world/china/chinese-social-media-platforms-rectify-financial-self-media-accounts-2021-08-28/

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