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Mumbai overtakes Beijing to become Asia’s new billionaire capital
Leading the Indian billionaire list is Mukesh Ambani, the chairman...
Cargo ship hits Baltimore’s Key Bridge, bringing it down, Rescuers are looking for people in water
The ship crashed into one of the bridge’s supports, causing the...
China regulator says financial innovation must not create oligopolies
Xiao Yuanqi, chief risk officer at the China Banking and Insurance Regulatory Commission (CBRIC) told the Caixin Summit in Beijing that innovation should not undermine healthy competition or let innovation pioneers become hindrances to further innovation.
Microsoft urges action on health care cyber attacks
“In recent months, we’ve detected cyberattacks from three nation-state actors targeting seven prominent companies directly involved in researching vaccines and treatments for Covid-19,” said Microsoft’s vice-president for security issues Tom Burt.
U.S. court upholds Harvard race-based admissions
U.S. Circuit Judge Sandra Lynch, however, said Harvard’s use of race was not “impermissibly extensive” and was instead “meaningful,” because it prevented diversity from plummeting.
“Harvard’s race-conscious admissions program ensures that Harvard can retain the benefits of diversity it has already achieved,” she said.
Tsunami-hit reactor in northeast Japan gets final approval to restart
Onagawa was the closest among Japan’s nuclear stations to the epicentre of the magnitude-9 quake in March 2011, which triggered a tsunami that killed nearly 20,000 people as well as causing the worst atomic disaster since Chernobyl in 1986.
The station was swamped by the tsunami, but survived with its cooling system intact, saving its reactors from the threat of meltdowns similar to those that occurred at Tokyo Electric Power’s Fukushima Daiichi station to the south.
Europe ‘must grit teeth’ on COVID-19 as vaccine euphoria fades
As the euphoria that followed Pfizer’s announcement faded, European shares slipped back from their eight-month highs, with poor economic data from Britain adding to doubts about the rebound from the brutal slump caused by the first lockdowns.Its economy lost steam in September, hardening expectations that it will shrink again as 2020 ends.
Britain passed 50,000 COVID-19 deaths this week, and the 33,470 new cases registered on Thursday were its highest daily tally to date.
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Swiss financial market supervisor sees pandemic’s strain lasting
Banks — especially Switzerland’s two big banks, UBS and Credit Suisse — were exposed to heightened risks of debtor bankruptcies and writedowns on loans to corporate clients outside Switzerland, which has experienced a less pronounced downturn than many other countries
Willis Towers Watson acquires Acclimatise, to strengthen climate resilience leadership
John Firth, CEO and Co-Founder of Acclimatise, said, “Climate change risk is fast becoming a central part of government, corporate and financial decision making and planning. Meeting growing client demand will require increasingly sophisticated approaches to climate risk assessment and management.”
North Korean, Russian hackers target COVID-19 researchers: Microsoft
The software company said a Russian hacking group commonly nicknamed “Fancy Bear” – along with a pair of North Korean actors dubbed “Zinc” and “Cerium” by Microsoft – were implicated in recent attempts to break into the networks of seven pharmaceutical companies and vaccine researchers in Canada, France, India, South Korea, and the United States.
Vaccine alliance secures $2 billion to fund COVID shots for poor nations
The European Commission, France, Spain, South Korea, the Bill & Melinda Gates Foundation and others had in recent weeks pledged another $360 million to the AMC, the alliance said, bringing total funding over the $2 billion target for this year.
Another $5 billion will be needed in 2021 to procure COVID-19 vaccine doses as they come through development and are approved by regulators, GAVI said in a statement.
Philippines hunts for missing after its deadliest typhoon this year
Vamco, the 21st and most deadly cyclone to hit the country this year, tore through the main island of Luzon late on Wednesday and early Thursday, just as the country was reeling from Goni, the world’s strongest typhoon of 2020, which killed 25 people and flattened thousands of homes.
Tens of thousands of homes were engulfed by the floods and as the water receded in areas such as Marikina, a suburb east of Manila, homes covered in debris and caked in mud emerged.