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Eco/Invest/Demography

Kaspersky partners CERT-In to create secure cyberspace

The partnership would create mechanisms to detect latest cyber security threats that can adversely affect the information assets and privacy of the general users in the country, and devise appropriate security measures to enable such users to secure their systems.

“The pandemic has amply highlighted that we are codependent, interconnected and vulnerable. Our partnership with Kaspersky will help towards creating a robust, safe, secure and resilient digital economy in a vibrant digital India,” said Dr Sanjay Bahl, Director-General, CERT-In.

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A ‘mission of the century’ as airlines prep for gargantuan vaccine supply

This will be the largest and most complex logistical exercise ever,” said Alexandre de Juniac, chief executive officer of the International Air Transport Association, the industry’s chief lobby. “The world is counting on us.”

IATA estimates that the equivalent of 8,000 loads in a 110-ton capacity Boeing 747 freighter will be needed for the airlift, which will take two years to supply some 14 billion doses, or almost two for every man, woman and child on Earth. It’s a tall order, given about one-third of the global passenger fleet is still in storage, based on data from Cirium.

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No direct correlation between health expenditure and Covid outcomes: Report

A significant part of the health care cost in India has to be borne by non-governmental entities, of which out of pocket expenses of households (including medical insurance) accounted for 2.2 per cent of the GDP and the remaining 0.4 per cent was accounted for by non-governmental organisations/ external donor/local bodies, it said, citing official data of FY17.

The share of government in the current expenditure on health in India is only 27.1 per cent and an a large share of 62.4 per cent is borne by households, it said.

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AXA to sell its Gulf business to GIG for $269 mn

“This transaction marks another step in AXA’s continued simplification journey. We are convinced that AXA’s operations in the Gulf region will benefit from GIG’s leadership and scale in the region, to further pursue their focus on delivering growth and excellent customer service. I would like to thank the management teams and all the employees of our operations in the Gulf region for their continuous contribution and engagement over the years, and wish them all the success for the future, said Thomas Buberl, CEO, Axa.

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Aegon to sell its Central and Eastern European business to VIG

“This transaction will simplify Aegon’s footprint and strengthen our balance sheet.We are sharpening our strategic focus and are concentrating on those countries and business lines where Aegon can create most value. I would like to thank our employees in Hungary, Poland, Romania and Turkey for their significant contribution to Aegon over the years. We believe that our businesses will benefit greatly from the vast experience of VIG, a leading insurance group in the region””, said Lard Friese, CEO of Aegon. 

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Centre to vaccinate around 300 mn by July-August: Harsh Vardhan

The Union Minister highlighted that India has one of the highest recovery rates in the whole world. “From 1 lab in January 2020, we now have 2,165 labs. More than a million people are being tested on a daily basis. We have completed 14 crore cumulative tests today. This all shows the determination of the government and relentless efforts of our corona warriors whose contribution is significant in fighting the pandemic,” he said.

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Tokyo 2020 organisers estimate Games postponement cost $1.9 billion – media

The postponement costs include payment to staff as well as the introduction of new systems for refunding tickets but do not include measures against the spread of the coronavirus, the newspaper said.

The organisers had originally estimated that the delay would cost nearly 300 billion yen but they were able to reduce that figure by simplifying some events, the report said.

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