To say that Bengaluru’s epidemic is huge is an understatement. Bengaluru has more than 65 percent of all active cases recorded in Karnataka in a virulent second wave where the test positivity rate in the State is touching new highs. On May 7, Bengaluru recorded 346 deaths due to COVID-19, according to a bulletin released by the Karnataka government.
Health experts have warned that the situation could be more threatening in the coming weeks, with one model predicting as many as 1,018,879 deaths by the end of July, quadrupling from the current official count of 230,168. A model prepared by government advisers suggests the wave could peak in the coming days, but the group’s projections have been changing and were wrong last month.
As a result, US firms like Goldman Sachs Group Inc. and UBS Group AG have come under intense strain. These firms played critical roles in everything from risk management to customer service and compliance. A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends.
An employee at UBS said their bank has nearly 8,000 workers but due to Covid-19, many are absent. As a result, work is being shipped to centers such as Poland. The Swiss bank’s workers in India handle trade settlement, transaction reporting, inves
[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.
[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.
Read the original article: Workings of US Firms Disturbed Due to Covid Surge in Banglore