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Russian air-defense system downed Azerbaijan plane, sources say
One of the Azerbaijani sources familiar with Azerbaijan's...
Losses from crypto hacks jump to $2.2 bln in 2024, report says
Among the most notable hacks are the theft of more than $305...
Blast at Chinese recycler shows battery supply-chain risks
The explosion is likely to renew scrutiny of safety risks in battery use and recycling, a still developing industry in which metals are recovered for reuse from spent packs. Lithium-ion batteries — used in toothbrushes to electric cars and as energy storage for utilities — are a key tool in curbing global emissions, but have occasionally caused fires that are difficult to douse.
EU may ask too high a price for financial services trade, BoE warns
Bank of England Governor Andrew Bailey said on Wednesday.European daily share trading worth 6 billion euros ($7.36 billion) left the City of London for the continent this week in the first tangible sign of Brexit’s impact on Britain’s 130 billion-pound ($176 billion) finance industry.
The EU has asked Britain about its intentions to diverge from the bloc’s rules, which could make it harder for Brussels to grant equivalence-based direct access for the City of London.
Twitter bans Donald Trump permanently, citing risk of violent incitement
Twitter has long given Trump and other world leaders broad exemptions from its rules against personal attacks, hate speech and other behaviors. But in a detailed explanation posted on its blog Friday, the company said recent Trump tweets amounted to glorification of violence when read in the context of the Capitol riot and plans circulating online for future armed protests around the inauguration of President-elect Joe Biden.
U.S. taxpayers to pay Capitol siege tab as government shuns insurance
Taxpayers will pay for damages because federal agencies rarely carry insurance, industry and policy sources said. “Taxpayers will be on the hook for repairs to the Capitol,” said Stephen Ellis, president of Taxpayers for Common Sense, a U.S. budget watchdog group.
In terms of repair and cleanup expenses, the federal government has long considered insurance not worth the expense.
3 more Indian firms hacked, data of over 10 million users up for sale on the dark web
According to Rajaharia who first broke the JusPay hacking, the three Indian companies are e-marketplace ClickIndia, fintech startup for small business owners ChqBook and wedding planning website WedMeGood.
World’s worst internet shutdowns cost India $2.8 Billion in 2020
The cost of internet blackouts were calculated using indicators from groups including the World Bank, International Telecommunication Union, and the Delhi-based Software Freedom Law Center. It includes social media shutdowns in its calculations.
Elon Musk surpasses Amazon’s Jeff Bezos as world’s richest person
The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout of wealth creation in history. Fueling his rise was an unprecedented rally in Tesla’s share price, which surged 743% last year on the back of consistent profits, inclusion in the S&P 500 Index and enthusiasm from Wall Street and retail investors alike.
The world’s 500 richest people added a record $1.8 trillion to their combined net worth last year, equivalent to a 31% increase. The gains were disproportionately at the top, where five individuals hold fortunes in excess of $100 billion and another 20 are worth at least $50 billion.
Up to 4,000 financial firms could fail due to COVID, says UK regulator
“At end of October we’ve identified there are 4,000 financial services firms with low financial resilience and at heightened risk of failure,” said Sheldon Mills, the FCA’s executive director of consumers and competition.
“These are predominantly small and medium sized firms and approximately 30% have the potential to cause harm in failure.”
Natural disasters cause $210 billion in damage in 2020, insurer says
Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.
“Climate change will play an increasing role in all of these hazards,” said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms.
“It is time to act,” he said.
Masks no obstacle for new NEC facial recognition system
The new system went on sale in October and customers include Lufthansa and Swiss International Airlines, Takashima said.
Facial recognition means not having to produce a security card, which can bst or stolen, and also helps prevent the spread of germs from touching surfaces, Takashima said.