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Dubai faces heavy disruption as flooding worsens
The heavy rains across the desert nation came after cloud seeding....
Generali undertakes restructuring to focus on Insurance and and Asset management
Philippe Donnet,group CEO,Generali Thanks to a simpler and leaner...
Insurers, drugmakers sail into unknown with COVID vaccine rollout
Prices for new contracts in the transport insurance market were climbing sharply even before the pandemic following rising claims and reduced competition, and industry sources expect insurance rates to jump when pharma companies involved in COVID-19 vaccines renew their annual policies next year, given the additional risk
Some vaccine doses kept too cold, Pfizer having manufacturing issues, U.S. officials say
Officials are investigating whether storing the vaccines at excessively cold temperatures poses a safety or efficacy risk, he said.
UN head stresses need of virus vaccine for all nations
Across the globe we have seen how populist approaches that ignore science have misled the public,” Guterres said. “Coupled with false news and wild conspiracies, things have become manifestly worse.”
Philips buys American cardiac care company BioTelemetry in $2.8 billion deal
Once a sprawling conglomerate, Philips has become purely focused on healthcare after spinning off its lighting and consumer electronics divisions in recent years.
“The acquisition of BioTelemetry fits perfectly with our strategy to be a leading provider of patient care management solutions for the hospital and the home”, Philips Chief Executive Frans van Houten said.
Cyber technology shares soar as security attacks pile up
“This news increases the awareness in regards to the federal government’s susceptibility to cyber attacks from Russia and other foreign entities,” said Daniel Morgan, portfolio manager at Synovus Trust in Atlanta.
Morgan added that technology security companies are “all perceived to benefit from an increase in spending and awareness” he expects will happen as the U.S. government looks to prevent future hacks.
US nuclear weapons agency hacked in massive cybersecurity breach
The attack on Department of Energy has affirmed that the hackers were able to access the networks of the US national security enterprise.
The hackers are believed to have gained access to the federal agencies’ networks by compromising the software company SolarWinds, which sells IT management products to hundreds of governments and private-sector clients, POLITICO opined.
Hack against US is ‘grave threat’, cybersecurity agency says
The Cybersecurity and Infrastructure Security Agency said in its most detailed comments yet that the intrusion had compromised federal agencies as well as critical infrastructure in a sophisticated attack that was hard to detect and will be difficult to undo
This threat actor has demonstrated sophistication and complex tradecraft in these intrusions, the agency said in its unusual alert. CISA expects that removing the threat actor from compromised environments will be highly complex and challenging.
Microsoft says it found malicious software in its systems
The U.S. National Security Agency issued a rare “cybersecurity advisory” Thursday detailing how certain Microsoft Azure cloud services may have been compromised by hackers and directing users to lock down their systems.
“Like other SolarWinds customers, we have been actively looking for indicators of this actor and can confirm that we detected malicious Solar Winds binaries in our environment, which we isolated and removed,” a Microsoft spokesperson said, adding that the company had found “no indications that our systems were used to attack others.”
Global coronavirus count surpasses 74 million
As many as 41,893,773 patients — who tested positive for the novel coronavirus — have recovered from the disease worldwide, as reported by the live dashboard according to which, India continues to hold the top spot with regard to COVID-19 recoveries as it reported over 9,456,449 recoveries across the country.
The United States continues to be the worst-affected country in the world with regard to most cases and most deaths from the virus in the world. Currently, the US caseload stands at 16,914,853 and the death toll stands at 307,064.
Lloyd’s to end investment in coal-fired power plants, coal mines, oil sands by 2022
Bruce Carnegie-Brown, Chairman of Lloyd’s ESG committee and Chairman of Lloyd’s said: “This is the first time we have set an ESG strategy for the Lloyd’s market and it represents an important milestone on the journey towards building a more sustainable future. We have the opportunity to play our part in building back a braver, more resilient world. We recognise that the targets we are setting will be challenging, but will also bring new opportunities. We will work closely with our market and customers to help them plan for these changes as we implement a long-term managed programme towards sustainable, responsible underwriting.”