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Twitter bans Donald Trump permanently, citing risk of violent incitement

by | Jan 9, 2021 | , ,

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.

India to start COVID-19 vaccination drive from January 16, 3 cr healthcare, frontline workers to get shots first

by | Jan 9, 2021 | , , , ,

After healthcare and frontline workers, the vaccines will be given to “those above 50 years of age and the under-50 population groups with co-morbidities, numbering around 2.7 million,” the statement said.
India’s drug regulator has approved two coronavirus vaccines for emergency use, Covishield, developed by AstraZeneca and Oxford University and Covaxin by local company Bharat Biotech and a state-run institute.

Notional income for homemakers in claims case signals their value, rules SC

by | Jan 9, 2021 | , , ,

In far reaching ramifications, especially in award of compensation to road accident victims involving homemakers, the top court said that fixing of notional income for them is a recognition of the multitude of women who are engaged in this activity, whether by choice or as a result of social/cultural norms.
Deciding an appeal filed by two surviving daughters and a parent of the deceased couple which met with an accident here, the bench modified the Delhi High Court order and enhanced the compensation of Rs 22 lakh to the claimants by Rs 11.20 lakh, to a total of Rs 33.20 lakh.

Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashes

by | Jan 8, 2021 | , , ,

The crashes “exposed fraudulent and deceptive conduct by employees of one of the world’s leading commercial airplane manufacturers,” acting Assistant Attorney General David Burns said in a statement accompanying the agreement.

“Boeing’s employees chose the path of profit over candor by concealing material information from the FAA concerning the operation of its 737 MAX airplane and engaging in an effort to cover up their deception,” Burns said, referring to the Federal Aviation Administration.

U.S. taxpayers to pay Capitol siege tab as government shuns insurance

by | Jan 8, 2021 | , , ,

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.

Tokyo Olympics “Safe And Secure” despite Coronavirus emergency: Organiser

by | Jan 8, 2021 | ,

Prime Minister Yoshihide Suga said Thursday that Japan is committed to holding a “safe and secure” Olympics, and that he believes the public mood will change when the country begins vaccinations, currently scheduled for late next month.

But International Olympic Committee member Dick Pound told the BBC that he could not “be certain” the Games will go ahead, because “the ongoing elephant in the room would be the surges in the virus”.

COVID-19 impact: 8.7 lakh expats returned to Kerala, over half of them due to job loss: Official Data

by | Jan 8, 2021 | , , ,

The data from the Non-Resident Keralites Affairs (NORKA) department as of Thursday also showed that 1,11,151 of the 13,27,330 Keralites who came back from other parts of the country also cited loss of jobs as the reason for their return. The second biggest reason cited by the returnees (2.08 lakh) was their job visas. The rest include senior citizens, or children, and family members of expats.

Elon Musk surpasses Amazon’s Jeff Bezos as world’s richest person

by | Jan 8, 2021 | , , ,

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

by | Jan 7, 2021 | , , , , ,

“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.”