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Media says gun violence costs the US $557b USD annually

Gun violence that causes tens of thousands of US deaths each year is having a significant, negative impact on the country’s economy, Xinhua quoted a Bloomberg report.
Harvard Medical School researchers found that gun violence costs the United States some US$557 billion annually, or 2.6 per cent of gross domestic product, the report cited a study published in the journal JAMA.
The majority of that cost is attributed to quality-of-life losses among those injured by firearms and their families, according to the study.
As the pandemic raged in 2020, the United States saw a record number of gun deaths and gun sales, according to a Johns Hopkins Bloomberg School of Public Health analysis published in April.
The new Harvard research shows that US companies, employees and the economy also suffered from the rising rates of gun violence, according to the report.

Gun violence is particularly prevalent in the Americas where easy access to firearms, weak regulation or poor implementation of laws designed to combat firearms violence prevail, according to the Amnesty International.
Gun violence: U.S. House passes bill to ban assault weapons
Among wealthier, developed countries, the USA is an outlier when it comes to firearm violence. US governments have allowed gun violence to become a human rights crisis. Wide access to firearms and loose regulations lead to more than 39,000 men, women and children being killed with guns each year in the USA, the Amnesty said.
On average, more than 360 people in the USA are shot every day and survive – at least long enough to get to a hospital, it added.
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BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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