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Eco/Invest/Demography

New EU-U.S. data transfer pact? Not any time soon, says EU privacy watchdog

The European Union is also trying to devise different ways to manage its data transfers with the rest of the world after the CJEU said privacy watchdogs must halt or prohibit transfers outside the EU if other countries cannot assure that the data will be protected.
More than 5,000 companies had signed up to the Privacy Shield set up in 2016 when the Luxembourg-based EU Court of Justice (CJEU) scrapped it in July this year, disrupting their businesses and exposing them to the risk of privacy lawsuits.

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Serum likely to supply COVID-19 vaccine at over $3 a dose to Indian government

The government is pinning its hopes for mass supply on Serum Institute, which lodged the first formal application for emergency-use approval of AstraZeneca’s shot on Monday.

Chief Executive Officer Adar Poonawalla had earlier said the vaccine would be priced at 1,000 rupees ($13.55) per dose in India’s private market, but governments signing large supply deals would likely buy it at lower prices.

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EU climate deal unlikely without breakthrough on budget, envoy says

The climate and budget issues are interlinked.The EU has agreed that hundreds of billions of euros from its 1.8-billion-euro budget and attached COVID-19 recovery fund will be spent on helping countries cut greenhouse gas emissions.

The European Commission wants the EU to commit to cut net emissions at least 55% by 2030, from 1990 levels. The bloc’s current 2030 target is a 40% emissions cut.

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A year into COVID-19, U.N. declares a day of ‘epidemic preparednes

The COVID-19 virus emerged in the Chinese city of Wuhan late last year and spread globally, so far infecting more than 66 million people and killing some 1.5 million. The World Health Organization (WHO) called it a pandemic in March, a declaration that the United States and others said came too late.
“Given that the General Assembly has previously declared international days devoted to chess, yoga and toilets it only seems fair that epidemics should have their day too,” said International Crisis Group U.N. director Richard Gowan.

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Personal accident and health insurance in Asia-Pacific to reach $240.1bn in 2023:GlobalData

Varma concludes: “Personal accident and health insurance insurance is expected to see major developments as short-term accident covers, critical illness, disease-specific products become more mainstream. Furthermore, technology savvy middle class emerging markets and aging population in mature markets will support the business growth over the next few years.”

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How India’s premier cyber agency is fighting evolving threats

According to Dr Sanjay Bahl, Director-General, CERT-In, they have seen different set of attacks during the pandemic and the threat actors primarily employed references related to COVID-19 in phishing attacks to steal sensitive information and drop additional malware.

“The threat actors devised new strategies to target victims with scams or malware campaigns using legitimate corporate branding in the name of COVID-19 and names of trusted organisations in phishing attacks in order to attain credibility and to lure victims,” Bahl told IANS.

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