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Buffett’s insurance leader Ajit Jain sells large part of Berkshire stake
Ajait Jain, vice chairman, Berkshire Hathaway Jain’s selling...
Gastro problems could heighten Parkinson’s disease risk by 76%, study finds
Gastrointestinal problems are known to be common in patients...
India’s second COVID-19 wave may impede economic recovery, says S&P
S&P, which has a long-term credit rating of ‘BBB-‘ on India, just one notch above junk, said it may have to revise its base-case assumption of 11% growth over fiscal 2021/2022, especially if wider containment measures are re-imposed.
Earthquake of magnitude 6.0 strikes India’s Assam-USGS, some buildings damaged
According to a Reuters witness, strong tremors were repeatedly felt in several northeastern parts of India and neighbouring Bhutan, forcing hundreds of people to run out of their homes.
After the quake, India’s National Disaster Management Agency was assessing reports of destruction and casualties, said an official at the agency who asked to remain unidentified.
Australia suspends passenger flights from India until May 15
Melbourne: Australia on Tuesday suspended all direct passenger flights from India for the next three weeks due to the unprecedented spike in COVID-19 cases, Prime Minister Scott Morrison said. The pause on arrivals would be reassessed before May 15, Morrison said. The...
World Health Organization reserves judgement on Indian coronavirus variant
According to the WHO, a variant is considered worrying if it spreads more easily, causes more serious cases of the disease, bypasses the immune system or reduces the effectiveness of known treatments.
COVID-19: SC to extend period of limitation for filing appeals by litigants until further orders
The apex court had on March 23 last year invoked its plenary power under Article 142 of the constitution to extend the limitation period of appeals from courts or tribunals on account of the pandemic with effect from March 15, 2020.
Supply lines at risk as shipping containers topple over at alarming rate
The shipping industry is seeing the biggest spike in lost containers in seven years. More than 3,000 boxes dropped into the sea last year, and more than 1,000 have fallen overboard so far in 2021. The accidents are disrupting supply chains for hundreds of U.S. retailers and manufacturers such as Amazon and Tesla.
There are a host of reasons for the sudden rise in accidents. Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to be stacked higher than ever before. But greatly exacerbating the situation is a surge in e-commerce after consumer demand exploded during the pandemic, increasing the urgency for shipping lines to deliver products as quickly as possible.
Set up medical panel to see if breath analyser test necessary during COVID-19, HC tells DGCA
Justice Prathiba M Singh said the committee shall keep in mind the safety of passengers as also of pilots and cabin crew while deciding whether conducting BA tests would be advisable during the prevailing pandemic which has seen a surge in infections .
Can’t be mute spectator in national crisis, don’t intend to supplant HC cases on COVID-19: SC
There is a need for top court’s intervention on certain national issues as there might be matters related to coordination between states, it said.
“We are playing complementary role, if High Courts have any difficulty in dealing with issues due to territorial limitations, we will help,” said the bench, also comprising Justices L Nageswara Rao and S Ravindra Bhat.
Bankers call for more bang to Britain’s big finance fightback
Much is at stake given that Britain’s financial services sector employs 1.1 million people and raises about 75.5 billion pounds a year in tax, a figure which consultants PwC expect to ease in 2021 due to the City of London being effectively cut off from the EU, hitherto its biggest export market.
But many rule changes will need legislation, meaning they may not come into effect until 2022 or beyond.
Sanofi to produce Moderna coronavirus vaccine
Under the agreement announced Monday, Sanofi will handle final manufacturing steps, including filling, inspecting and labeling vaccine vials and packaging them. The deal involves up to 200 million doses of Moderna’s two-shot vaccine.