Tech professionals are leaving India’s IT hub of Bengaluru amid an...
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Passenger vehicle sales soar to record high in FY24; dispatches cross 42 lakh mark
“This is the first time that passenger vehicle sales have crossed...
Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon
George Attard, CEO of Asia Pacific for Aon’s Reinsurance Solutions,...
U.S. Olympics suing insurers for holding up Nassar settlement talks
Larry Nassar sexual abuse scandal.Committee Chair Susanne Lyons accused insurers including 11 insurers, including units of Chubb Ltd and American International Group Inc, of holding up settlement negotiations with the hundreds of women who were abused by disgraced former USA Gymnastics national team doctor Nassar
J&J pauses COVID-19 vaccine trials due to unexplained illness in participant
J&J’s move follows a similar one by AstraZeneca Plc. In September, AstraZeneca AZN.L paused late-stage trials of its experimental coronavirus vaccine, developed with the University of Oxford, due to an unexplained illness in a UK study participant.
Why is the European Central Bank eyeing a ‘digital euro’?
A digital, or virtual, euro would be an electronic version of euro notes and coins, it would be legal tender and guaranteed by the European Central Bank.
It would also for the first time allow individuals to have deposits directly with the ECB. This could be safer than with commercial banks, which could go bust, or than holding cash that could be stolen or lost.
And like cash, money could be stored outside of the banking system, such as in a “digital wallet”.
It would allow citizens and firms to make their daily payments “in a fast, easy and secure way,” the ECB said as it published a report on virtual money in October
Novel coronavirus can last 28 days on glass, currency, Australian study finds
CSIRO researchers found that at 20 degrees Celsius (68 degrees Fahrenheit) the SARS-COV-2 virus remained infectious for 28 days on smooth surfaces such as plastic banknotes and glass found on mobile phone screens. The study was published in Virology Journal.
“It really reinforces the importance of washing hands and sanitising where possible and certainly wiping down surfaces that may be in contact with the virus,” said the study’s lead researcher Shane Riddell.
By comparison, Influenza A virus has been found to survive on surfaces for 17 days.
Freeport does a balancing act as world’s biggest gold mine grapples with COVID-19
“We’ve put the priority and the health of our workers and community at the top of our list,” Freeport McMoRan Chief Executive Richard Adkerson told Reuters. “From the outset, we recognized that (Grasberg) was a particularly vulnerable place due to the size of the workforce” of nearly 30,000 people.
Mexico makes nearly $160 million down payment for COVAX vaccine plan
The global health agency’s COVAX Facility is a multilateral initiative running trials on several potential vaccines. The latest payment will allow Mexico to acquire enough doses of a vaccine to immunize up to a fifth of the country’s population of around 125 million people, the foreign ministry said.
India data centre infra market to touch $2.8bn in 2020:Gartner
“Focus on automation, remote monitoring, coupled network optimisation is part of the new normal for infrastructure leaders in India,” a new Gartner report said
Major ports’ cargo traffic falls for 6th straight month; logs 14% drop
India has 12 major ports under the control of the central government — Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia).
Worst is over, economic recovery faster than expected: HDFC CEO Keki Mistry
The veteran financial sector player also said that most of the job losses during COVID-19 were confined to low-income workers and the job losses for the kind of people who borrow money were not alarming.
The non-performing individual loans could be in the range of 2.5-4 per cent, which is also the extent of loans that the RBI has allowed to restructure, Mistry added.
COVID-19 cases in India cross 70-lakh mark,fatality rate at 1.54 per cent
The health ministry stressed that more than 70 per cent of the deaths occurred due to comorbidities.
The national recovery rate stands at 86.17 per cent.
The COVID-19 caseload mounted to 70,53,806 with 74,383 infections being reported in a day, while the death toll climbed to 1,08,334 with 918 people succumbing to the disease in a span of 24 hours, the data updated at 8 am showed.
According to the ICMR, a cumulative total of 8,68,77,242 samples have been tested up to October 10 with 10,78,544 samples being tested on Saturday.