World
COVID in India: Cases are exploding in the world's second most populous country

COVID in India: Cases are exploding in the world's second most populous country

India's COVID situation is concerning.

The latest data from Our World In Data reveals that cases in India have exploded in the last month, with 1.7 million new cases confirmed in the last 7 days alone. That is roughly 3x the previous peak that topped out at around 650,000 new cases per week back in September. This latest surge is partly being blamed on a new COVID variant, dubbed B.1.617, which is thought to be more transmissible.

The recent wave is beginning to overwhelm healthcare facilities in India, with authorities in New Delhi announcing that hospitals could begin to run out of medical oxygen sometime today. Tuesday also saw the country register its highest ever death toll, with 1,761 official deaths recorded, although some experts believe the official numbers are likely to be undercounted across the country.

The situation in India is particularly frustrating as India is the world's largest vaccine maker, thanks to the Serum Institute of India. In a typical year India would produce roughly 60% of the world's vaccines.

For a country with such vaccine expertise, the COVID vaccination drive has been solid, but unspectacular. More than 120 million doses have been administered in India, which is an impressive logistical feat, but for a country with a population of more than 1.3 billion people actually equates to less than 10% coverage.

More World

See all World
world

Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

world

John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.