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Eco/Invest/Demography

US to expose China’s ‘malicious cyber activities’ after threat to economic, national security

In the announcement which will be made tomorrow morning at 7 am (local time), there will be three things including — an unprecedented group of allies and partners (the European Union, the United Kingdom, Australia, Canada, New Zealand, Japan, and NATO) will be joining the US in exposing and criticising the PRC’s Ministry of State Security’s malicious cyber activities. This is the first time NATO has condemned PRC cyber activities, the officials said via Teleconference.
“We will show how the PRC’s MSS — Ministry of State Security — uses criminal contract hackers to conduct unsanctioned cyber operations globally, including for their own personal profit. Their operations include criminal activities, such as cyber-enabled extortion, crypto-jacking, and theft from victims around the world for financial gain,” the officials said.

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FACTBOX:Automakers cutting back on rare earth magnets

Permanent magnet motors – using rare piles of the earth such as neodymium and dysprosium – naturally have a magnetic force. These are at the heart of many electric motors, powering the rotor of the drivetrain.

Motors without permanent magnets, such as induction motors, use electric current, often with copper wiring, to create a magnetic field and power the motor. These are cheaper, but less efficient and require a larger battery, reducing the driving range.

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Delta variant accounts for 80% of new Covid cases: Govt expert panel chief

“Besides, on invading a human cell, it replicates faster. It leads to a strong inflammatory response in organs like the lungs. However it is difficult to say that disease due to delta variant is more severe. The age profile and the deaths during the second wave in India were quite similar to that seen during first wave,” he stated.

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South Africa’s riots insurer in spotlight after days of Carnage

While some claims will be assessed by heavyweight insurers such as Old Mutual Group Ltd. and Santam Ltd., the bulk of the burden will fall to one company little known outside the country: Sasria Insurance Ltd.
Sasria, a state-owned firm with 8.5 billion rand ($591 million) in assets under management, was founded shortly after the Soweto uprising of 1976, when at least 176 people died in demonstrations led by school children against the apartheid government. The frequency and scale of political protests that followed prompted private insurers to stop offering cover to vulnerable businesses, and Sasria was crated to fill the void.

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