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More COVID-19 vaccines in pipeline as US ramps up effort

If you want to have enough vaccine to vaccinate all the people in the U.S. who you’d like to vaccinate up to 85 per cent or more of the population you’re going to need more than two companies,” Dr Anthony Fauci, the top US infectious disease expert, told The Associated Press on Monday.

The nation has repeatedly recorded more than 3,000 dead per day over the past few weeks.

AirAsia to sell 32.67% of stake in its Indian operations to Tata Sons

Group Chief Executive Officer Tony Fernandes told Reuters in September that the group intended to consolidate and strengthen its foothold in Southeast Asia, which could mean exiting both Japan and India.

Last month, AirAsia announced it was reviewing its investment in its India, saying its operations there had been draining cash and adding to the group’s financial stress.

Scientists quell concerns on new COVID-19 variant, say staying cautious sufficient

The European Centre for Disease Prevention and Control (ECDC) has said preliminary modelling results communicated by the UK on December 19 suggest the variant is 70 per cent more transmissible than previously circulating variants. However, it also said there is no indication of increased infection severity observed related to the variant with multiple mutations in the spike protein.
According to the Health Ministry, the SARS-CoV-2”s UK variant genome was detected in three samples in the National Institute of Mental Health and Neuro Sciences Hospital (NIMHANS), Bengaluru, two in the Centre for Cellular and Molecular Biology (CCMB), Hyderabad, and one in the National Institute of Virology (NIV), Pune.

No evidence that vaccines will not work against new Covid variant: Govt

Giving a break-up on the basis of the gender and age of those infected with the novel coronavirus, Union Health Secretary Rajesh Bhushan said 63 per cent of total cases in the country have been reported in males and 37 per cent cases in females.

“Eight per cent cases have been reported below the age of 17 years, 13 per cent in the 18-25 years age group, 39 per cent in 26-44 years group, 26 per cent in 45-60 years group and 14 per cent above 60 years,” he said.

Bhushan said 70 per cent of COVID deaths have been reported in men and 45 per cent fatalities due to this disease have been reported in those below 60 years of age.

UK needs tighter COVID rules to avert new “catastrophe”, epidemiologist warns

“We are entering a very dangerous new phase of the pandemic, and we’re going to need decisive early national action to prevent a catastrophe in January and February,” said Andrew Hayward, professor of infectious disease epidemiology at University College London.

More than 71,000 people in Britain have died within 28 days of a positive test for the disease.

India’s financial sector faces challenging times ahead – RBI

The overall outlook for the Indian economy in 2021 continues to remain uncertain, the report said.“
Given the uncertainty induced by COVID-19 and its real economic impact, the asset quality of the banking system may deteriorate sharply going forward,” the RBI said.

The report also said Indian banks had written-off loans worth 2.38 trillion rupees ($32.46 billion) in the financial year 2020 that ended on March 31.

Wealthy hospitals rake in U.S. disaster aid for COVID-19 costs

Federal Emergency Management Agency has received nearly 2,200 aid requests from hospitals and thus far has approved about 15% of them, for a total of $894 million, the agency told Reuters. Hospitals can request more money as U.S. infections surge, and FEMA officials expect total aid awards to rise significantly.

Some health policy experts say that large and well-capitalized nonprofit systems – which typically pay no taxes – do not need the additional relief money. Among the aid applicants are some of the nation’s best-known health systems, including the Cleveland Clinic, Providence and Stanford Health Care.

Retail auto sales weak in December due to lower discounts, farmers protest: Report

In the commercial vehicles space, it said the light commercial and intermediate commercial vehicle (LCV/ICV) segment is gaining momentum driven by demand for last-mile connectivity and rural demand.
It said that retail sales are expected to continue under pressure in the near-term owing to increase in vehicle prices and exhaustion in pent up demand.

Cyber crime has cost Russia $49 billion in 2020, Sberbank says

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Stanislav Kuznetsov, Sberbank’s deputy chairman, who oversees security and services, told Reuters private business and ordinary Russians were the main targets of cyber attacks, as the state security services are better protected.

“The private sector is the most vulnerable: everything from the clients’ accounts to financial data and tender documents are targeted: there are 2.3 million darknet accounts operating in Russian and offering the stolen data,” he said.