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Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues
The exporting community has urged the commerce ministry to...
Climate change drives world to first 12-month spell over 1.5C
Already 2023 was the planet's hottest year in global records going...
SoftBank-backed fintech startup seeks $3.5 billion value in IPO
The startup plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering, co-founder Yashish Dahiya told Bloomberg News. Policybazaar is now selecting two to three IPO lead underwriters from a roster that includes several Wall Street banks, said Dahiya, chief executive officer of Policybazaar parent ETech Aces Marketing and Consulting Pvt.“The IPO size will be about $500 million,” Dahiya said from London, where he is currently based. “We have global interest and will raise in the coming weeks” for the pre-IPO financing.
Insurers should pay UK businesses over ‘cataclysmic’ pandemic, court hears
A ruling against the insurers could mean tens of millions of dollars in additional claims, hitting a sector that is already facing its biggest test to date. Lloyd’s of London, the world’s largest insurance exchange, estimated the global pandemic could cost insurers more than $200 billion.
Twitter says attackers downloaded data from up to 8 non-verified
Hackers may have also attempted to sell the user names of some of the accounts, it said.
The high-profile accounts that were hacked also included rapper Kanye West, Amazon.com founder Jeff Bezos, investor Warren Buffett, Microsoft co-founder Bill Gates, and the corporate accounts for Uber and Apple.
In its latest statement, Twitter said attackers “manipulated a small number of employees” to gain access to the internal support tools used in the hack.
Southeast Asia budget airline boom turns sour for planemakers, lessors
With borders shut and economic growth stunted, a return to the low-cost international travel needed for them to afford all of the planes they have on order looks increasingly doubtful – a worrying sign for the companies that make and lease aircraft.
Single-day spike of 37,148 COVID-19 cases; India’s tally rises to 11,55,191
There are 4,02,529 active cases of the coronavirus infection currently in the country, while 7,24,577 people have recovered till now. Thus, 62.72 per cent people have recovered so far.
This is the sixth consecutive day when COVID-19 cases increased by more than 30,000.
Wave of promising study results raises hopes for coronavirus vaccines
“It’s encouraging that all these vaccines seem to induce antibodies in people,” said former World Health Organization (WHO) assistant director-general Marie-Paule Kieny of the French research institute Inserm. “This proves that the science is moving forward very quickly, which is a good sign.”
U.S.companies fear workplace coronavirus precautions do not address airborne risk
Neal Mills,chief medical officer at healthcare benefits group Aon, began fielding questions last week about the WHO’s decision to investigate aerosol transmission, and said employers were slowing the return of remote workers back to their offices.
“They are doing due diligence around how are you going to reduce the transmission of the virus in light of the proposed aerosol nature of COVID-19,” Mills said.
N-95 masks with valved respirators ineffective against Covid-19, says govt
“It is to bring to your knowledge that the use of valved respirator N-95 masks is detrimental to the measures adopted for preventing the spread of coronavirus as it does not prevent the virus from escaping out of the mask. In view of the above, I request you to instruct all concerned to follow the use of face/mouth cover and prevent inappropriate use of N-95 masks,” DGHS Rajiv Garg said in the letter.
India’s COVID-19 fatality rate drops to 2.43% from 3.36% on Jun 17:Health Ministry
“Nineteen states and UTs are performing more than 140 tests per day per million population. Just doing tests is not enough, they have to be done at a level of 140 tests per day per million so that the rate of positivity reduces and comes down to 10 per cent first and then continue the testing process so that the rate of positivity further reduces to 5 per cent or lower,” he said
People are more likely to contract COVID-19 at home, study finds
A study published in the U.S. Centers for Disease Control and Prevention (CDC) on July 16 looked in detail at 5,706 “index patients” who had tested positive for the coronavirus and more than 59,000 people who came into contact with them.
The findings showed just two out of 100 infected people had caught the virus from non-household contacts, while one in 10 had contracted the disease from their own families.