Prime Minister Narendra Modi There are some challenges confronting...
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Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity
``With a robust solvency ratio of 2.94 , we remain bullish and will...
Luxury car sales could breach 50K mark for first time ever: Audi India head
Luxury car volumes in India currently account for less than 2 per...
The worst for aviation industry is probably ahead of it, rather than behind
Airlines burned through $51 billion in the June quarter and will eat a further $77 billion in cash in the six months through December, according to analysis this week by the International Air Transport Association. That makes up roughly 80 per cent of the $162 billion of bailout money they’ve already received, and airlines won’t return to pre-Covid traffic levels until 2024. During 2021, they’ll still be going through $5 billion to $6 billion of cash a month, according to IATA.
Only 1 in 4 global orgs keep Cardholder Payment Data Secure: Report
Payment data remains one of the most sought after and lucrative targets by cybercriminals with 9 out of 10 data breaches being financially motivated, as highlighted by the recent Verizon Business 2020 Data Breach Investigations Report (2020 DBIR). Within the retail sector alone, 99 percent of security incidents analyzed by the 2020 DBIR were focused on acquiring payment data for criminal use.
Potential Covid-19 vaccines not affected by recent mutations: Report
There had been fears the G-strain, within the main protein on the surface of the virus, would negatively impact on vaccines under development.
“This is good news for the hundreds of vaccines in development around the world, with the majority targeting the spike protein as this binds to the ACE2 receptors in our lungs and airways, which are the entry point to infect cells,” said Professor Seshadri Vasan, who holds an honorary chair in Health Sciences at the University of York.
U.S., AstraZeneca strike deal for COVID-19 antibody treatment touted by Trump
The treatment has come under the spotlight after Trump was treated with Regeneron Pharmaceuticals’ antibody drug last week. The president has also released a video on Twitter touting its benefits.
In a call earlier on Friday, a top U.S. health official said the government was expecting to provide more than 1 million free doses of antibody treatments to COVID-19 patients, similar to the one that was administered to Trump.
India can be AI capital, policy framework for technology can accelerate development: Chandrasekaran
“Solving for data governance, specifically what should be the global standard for data residency — localisation, privacy and security — are very important steps for our long term success. I think developing a policy framework will accelerate development of AI and AI based solutions in a significant way,” Tata Sons Chairman N Chandrasekaran said.
China joins COVAX initiative for COVID-19 vaccine distribution
The COVAX initiative aims to deliver at least 2 billion doses of vaccines by the end of 2021.
China joins some 168 countries that have already announced their participation in COVAX including 76 wealthy, self-financing ones. But neither the United States nor Russia have joined the programme.
Lloyd’s launches new report on cities at risk from global threats
London: Lloyd’s, the world’s leading specialist insurance and reinsurance market, today announced a new report: Cities at risk – Building a resilient future for the world’s urban centres, published in association with Urban Foresight and...
London company market premium grows by 10 % to £27.633bn in 2019
In 2020, for the first time, the London Company Market Statistics Report identifies three new lines of business: political risk (£0.261bn), trade credit (£0.243bn) and standalone cyber (£0.253bn). Property remains the largest class of business (£5.365bn) followed by liability (£3.575bn).
‘Food is the best vaccine against chaos’; U.N. food agency WFP wins Peace Nobel
“There is an estimate within the World Food Programme that … there will be 265 million starving people within a year, so of course this is also a call to the international community not to underfund the World Food Programme.”
WFP runs a logistics service that has dispatched medical cargoes to over 120 countries throughout the pandemic to help governments and health partners fighting COVID-19.
It also has provided passenger services to ferry humanitarian and health workers where commercial flights were unavailable.
Central banks sketch out digital currency as China forges ahead
Central banks began looking closely at digital currencies after Facebook last year announced its yet-to-be-launched digital token Libra that would be backed by a mixture of major currencies and government debt. The body behind Libra has since tweaked plans and now hopes to launch several “stablecoins” backed by individual currencies.Central banks need to keep up to avoid the private sector plugging payments gaps in unsuitable ways,Bank of England (BoE) Deputy Governor and chair of a BIS committee on payments Jon Cunliffe said.