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World Bank approves $12B to finance Virus Vaccines, Care

The world’s richest countries have locked up most of the world’s potential vaccine supply through 2021, raising worries that poor and vulnerable communities will not be able to get the shots. Meanwhile, an ambitious international project to deliver coronavirus vaccines to the world’s poorest people, called Covax, is facing potential shortages of money, cargo planes, refrigeration and vaccines themselves.

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Coronavirus pandemic has exposed global leadership deficit, says report

Over 70 per cent of citizens around the globe say they are experiencing the lowest point in their nation’s history, while nearly two-thirds say their leaders are out of touch or “don’t really care what happens” to them, the Milken Institute and the Harris Poll said in a report. More than 29,000 people from 27 countries participated in the ‘The Listening Project’ survey between February and October.

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Indian activists oppose plans to make Goa a coal transport hub

Activists say the projects are also likely to lead to the felling of thousands of trees in ecologically sensitive areas that are home to wildlife and bodies of water.

Alina Saldanha, a state assembly member from Modi’s Bharatiya Janata Party (BJP), wrote to the federal environment minister last week, saying she had “serious concerns” over environmental clearances given to some projects.

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Pay-per-part: TRUMPF and Munich Re plan new business model for the manufacturing industry

The jointly developed “pay-per-part model” enables customers to use a full-service laser machine without having to buy or lease any equipment.Instead, customers pay a previously agreed price for each cut sheet metal part – in other words, they only pay for what they need. This allows customers to make their production processes more flexible and react faster to market changes.
 “The cooperation with TRUMPF is an outstanding example of how the combination of Munich Re Group’s various offerings – risk solutions, IoT technology and financing – makes it possible to develop innovative business models for the industry. We are convinced that such partnerships represent a forward-looking response to the challenges of an increasingly dynamic market environment,”  said Torsten Jeworrek,Member of the Board of Management

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NGT notice to Centre on plea for quashing notification on groundwater extraction

A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said the Central Ground Water Authority (CGWA) was repeatedly issuing notification liberalising ground water extraction in water scarcity areas in spite of the need for stringent action, contrary to the very purpose for which it was setup.
The tribunal also issued notice to the Central Pollution Control Board (CPCB), and said water is a scarce resource on which life is dependent and its extraction has to be duly regulated.

In areas where there is water scarcity, extraction can be allowed on stringent conditions of ensuring recharge, it said.

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Future Group lost Rs 7,000 cr revenue in first 3-4 months of COVID-19 pandemic: Kishore Biyani

In August this year, billionaire Mukesh Ambani’s Reliance Industries announced acquisition of retail and wholesale business and the logistics and warehousing business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore.

Future Group’s financial and insurance business is not part of the deal.

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‘Long COVID’ may affect multiple parts of body and mind, doctors say

Britain’s National Institute for Health Research (NIHR) said one common theme among ongoing COVID patients – some of whom are seven months or more into their illness – is that symptoms appear in one physiological area, such as the heart or lungs, only to abate and then arise again in a different area.According to UK-based patient group Long Covid SOS, data from a King’s College London-devised symptom tracker app shows that 10% of COVID-19 patients remain unwell after three weeks, and up to 5% may continue to be sick for months.

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