TikTok said on Tuesday that it strongly disagreed with the claims,...
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Geopolitical conflict: Global economy could lose $14.5 trillion over a 5-yr period, says Lloyd’s
With more than 80% of the world’s imports and exports – around 11...
Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024
Worldwide, the average cost of a data breach reached an all-time...
From Parkinson’s to peanut allergy, pandemic puts brakes on new drugs
Neurocrine Chief Executive Kevin Gorman said in an interview that many neurologists had been redirected to fighting the pandemic, leading to delaying Ongentys until later in 2020. The delay to Palforzia, Aimmune’s sole approved drug, means the company will not generate any revenue until later this year, prompting it to halt new hires in a bid to preserve its $370 million of cash.
Millions at risk in Bangladesh as monsoon floods add to coronavirus worries
“The disaster is worsening by the hour, with several hundred thousands already severely affected by the floods, worsening the COVID pandemic and crisis in the country,” said Antony Balmain, a spokesman for the International Federation of Red Cross and Red Crescent Societies.
Bangladesh had 149,258 confirmed coronavirus cases as of Wednesday, with 1,888 deaths.
Lloyd’s calls for state-backed ‘Black Swan’ reinsurance
The Black Swan cover could be used to ensure payments after catastrophes such as a cyber attack or solar storm destroying critical infrastructure, as well as for pandemics, Lloyd’s said in a report published on Wednesday.
“Our concern is you solve for pandemic and you don’t solve for the next disaster,” Lloyd’s Chief Executive John Neal told Reuters.
Security beefed up near Taj Mahal Palace, Hotel Colaba After bomb threat from Pakistan
The official told that Mumbai police are on high alert after Monday’s Karachi exchange terror attack and as part of the enhanced anti-terror measures, security outside the hotel and other vital installations has been increased.
Car crashes deadlier as drivers speed during lockdowns:Study
-Police in New York said they were aware of the increased speeds and had deployed additional patrols. Data from traffic analytics company INRIX shows speeds in New York City increased 44% from 28 miles (45 km) per hour in April last year to 41 miles (66 km) per hour this April.
– Speeding offenses increased 187% in London during the lockdown compared to the same period a year ago, Cox said, but extreme speeding offenses increased even more — by 236%.
– Despite the overall drop in collisions and fatalities, the fatality rate among crashes was 70% higher in France.
Brazil political risk looms large again over markets
“Markets are starting to look at the politics again,” said Alexandre Song, partner at Macro Capital, a hedge fund in Sao Paulo.
“The price action hasn’t been too dramatic so far, but it is deteriorating. It feels like markets are partying next to a live volcano, and there’s smoke coming out,” he said.
Floods in India’s Assam force a million from their homes
Torrential rain hit at least 23 of Assam’s 33 districts and the federal water resources body said water levels in the Brahmaputra were expected to rise, with more rain forecast over the next three days.Assam, famous for its tea plantations, is hit by seasonal flooding each year, forcing state and federal governments to spend millions of rupees on flood control
India bans 59 apps including TikTok,WeChat on security concerns
The Indian Cyber Crime Coordination Centre, Ministry of Home Affairs, has also sent an exhaustive recommendation for blocking these malicious apps, the statement said, adding that there has been a strong chorus in the public space to take strict action against apps that harm India”s sovereignty as well as the privacy of citizens.
Mild to medium colour blind people can now obtain driving licence
The Ministry of Road Transport and Highways has been taking many measures to enable ”divyangjan” citizens to avail transport-related services and especially relating to the obtaining of the driving licence, it said.
Chinese tax software’s hidden malware endangers networks of western countries
A state-owned bank in China had required the tech company to download software called Intelligent Tax to facilitate the filing of local taxes. The tax software worked as advertised, but it also installed a hidden back door that could give hackers remote command and control of the company’s network, according to a report published Thursday by the SpiderLabs team at Chicago-based Trustwave Holdings Inc. (The cybersecurity firm declined to identify the bank)