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Aviation sector sees no fast tech solution to GPS interference problem
GPS interference "can pose significant challenges to aviation...
China doubles down on moves to mend its economy and fend off a financial crisis
As China's rapid rise as an economic superpower loses momentum,...
Global Markets: Risk assets cheer Biden win, dollar nurses losses
“The best opportunities now lie within segments of emerging markets, in particular China and North Asia. I believe earnings momentum and valuation put China in a very attractive risk/reward position.”
Chinese shares started higher with the blue-chip CSI300 index .CSI300 up 2.2% on hopes of better Sino-U.S. trade relations under Biden.
Buffett’s Berkshire suffers in Covid pandemic even as Apple boosts profit
Insurance profit fell 58% to $802 million, reflecting lower premiums at Geico, COVID-19, Hurricanes Laura and Sally, and lower income from investments as interest rates tumble.
Geico awarded drivers $2.5 billion of credits on policy renewals this year, and Berkshire said its accounting for those credits should hurt underwriting results through March 2021.
Biden seen reversing climate deregulation
Among his main accomplishments, Trump withdrew the United Stated from the Paris Agreement to combat global warming; replaced Obama-era rules meant to cut greenhouse gas emissions from power plants and drilling operations; reduced automobile fuel efficiency targets; downsized wilderness national monuments; gave permits to energy companies seeking to build oil pipelines; and proposed opening new parts of the Arctic, Pacific, and Atlantic oceans to drilling
With cases soaring, Biden to announce COVID-19 task force
The coronavirus task force will be charged with developing a blueprint for containing the disease once Biden takes office in January. It will be headed by three co-chairs, former surgeon general Vivek Murthy, former Food and Drug Administration commissioner David Kessler, and Dr. Marcella Nunez-Smith of Yale University, according to two people familiar with the matter.
Global coronavirus cases exceed 50 million after 30-day spike
The pandemic’s recent acceleration has been ferocious. It took 32 days for the number of cases to rise from 30 million to 40 million. It took just 21 days to add another 10 million.
Europe, with about 12 million cases, is the worst-affected region, overtaking Latin America. Europe accounts for 24% of COVID-19 deaths.
The region is logging about 1 million new infections every three days or so, according to a Reuters analysis. That is 51% of the global total.
Pak airlines may be banned from flying to 188 countries over pilots issue
Due to the licence scam, flag carrier Pakistan International Airlines (PIA) has already been barred from flying to the UK and the European Union, The Express Tribune report said.
The scam cam to light after Ghulam Sarwar Khan, the Federal Minister for Aviation, had revealed in August that 262 pilots including 141 of the PIA held fake credentials.
Hackers stole source code from govt agencies, private firms: FBI
The FBI alert warned the owners of SonarQube, a web-based application that companies integrate into their software build chains to test source code and discover security flaws before rolling out code and applications into production environments.
The actors exploit known configuration vulnerabilities, allowing them to gain access to proprietary code, exfiltrate it and post the data publicly.
The FBI has identified multiple potential computer intrusions that correlate to leaks associated with SonarQube configuration vulnerabilities.
Biden wins US presidential race,to inherit a nation in turmoil over the coronavirus pandemic
Biden has said his first priority will be developing a plan to contain and recover from the pandemic, promising to improve access to testing and, unlike Trump, to heed the advice of leading public health officials and scientists.
Despite his victory, Biden will have failed to deliver the sweeping repudiation to Trump that Democrats had hoped for, reflecting the deep support the president enjoys despite his tumultuous four years in office.
This could complicate Biden’s campaign promises to reverse key parts of Trump’s legacy. These include deep Trump tax cuts that especially benefited corporations and the wealthy, hardline immigration policies, efforts to dismantle the 2010 Obamacare healthcare law and Trump’s abandonment of such international agreements as the Paris climate accord and Iran nuclear deal.
Should Republicans keep control of the U.S. Senate, they would likely block large parts of his legislative agenda, including expanding healthcare and fighting climate change.
Shifting global supply chain can add $63 billion of prms in 5-yrs: Swiss Re
“Yes, supply chain changes are happening, they are real, and I think in the bigger picture this is positive.There are real opportunities during the transition. The insurance industry has a growing opportunity to offer cover in areas such as business interruption (BI), also contingent BI and non-damage BI’’ said Jerome Jean Haegeli, group chief economist, Swiss Re, said while speaking at a session on “De-risking Global Supply Chain: Strengthening Resilience in a time of Disruption”, during the SIRC 2020 Re-Mind virtual conference on Wednesday.
Biden vows to rejoin Paris Climate Agreement
Today, the Trump Administration officially left the Paris Climate Agreement. And in exactly 77 days, a Biden Administration will rejoin it, Biden tweeted on Wednesday night, reflecting his decision to reverse one of the key policies of the Trump administration on day one.