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Japan aims to eliminate gasoline vehicles by mid-2030s, boost green growth

The “green growth strategy,” targeting the hydrogen and auto industries, is meant as an action plan to achieve Prime Minister Yoshihide Suga’s October pledge to eliminate carbon emissions on a net basis by mid-century.
The government will offer tax incentives and other financial support to companies, targeting 90 trillion yen ($870 billion) a year in additional economic growth through green investment and sales by 2030 and 190 trillion yen ($1.8 trillion) by 2050.

A 2 trillion yen green fund will support corporate investment in green technology.

SpiceJet signs MoU with GHAC for Covid-19 vaccine delivery from Hyderabad

“SpiceJet on its part will keep a dedicated fleet of freighters, including wide-body aircraft, at the Hyderabad airport to handle all domestic and international consignments,” the release added.

As part of this MoU, SpiceXpress – the cargo arm of SpiceJet – envisions to provide efficient, speedy and reliable solutions for vaccine delivery, while also creating a sustainable cold chain network, according to the release.

Govt plans dry run for Covid vaccine administration in 4 states next week

India has eight Covid-19 vaccine candidates, including three indigenous vaccines, under different stages of clinical trials which could be ready for authorization in near future.

It includes AstraZeneca and Oxford university developed and Serum Institute of India manufactured Covishield, Covaxin by Bharat Biotech Limited, ZyCoV-D by Zydus Cadila and Russian vaccine candidate Sputnik-V.

Air Canada Boeing 737 Max suffers engine problem: Report

Shortly after takeoff, the crew received an indication of hydraulic low pressure in the left engine, the website said. The three-member crew of the empty plane initially decided to continue the flight to Montreal, but shut down the engine and diverted to Tucson after receiving an indication of a fuel imbalance from the left-hand wing, Aviation24.be said.

Scientists develop new gene therapy for deafness

“Children inheriting the defective gene from both parents are born with normal hearing, but they gradually lose their hearing during childhood. The mutation causes mislocalization of cell nuclei in the hair cells inside the cochlea of the inner ear, which serve as soundwave receptors and are essential for hearing. This defect leads to the degeneration and eventual death of hair cells,” said Professor Karen Avraham of the Department of Human Molecular Genetics and Biochemistry at TAU’s Sackler Faculty of Medicine and Sagol School of Neuroscience.

China to leapfrog U.S. as world’s biggest economy by 2028: think tank

“The COVID-19 pandemic and corresponding economic fallout have certainly tipped this rivalry in China’s favour.”
Japan would remain the world’s third-biggest economy, in dollar terms, until the early 2030s when it would be overtaken by India, pushing Germany down from fourth to fifth.

The United Kingdom, currently the fifth-biggest economy by the CEBR’s measure, would slip to sixth place from 2024.

US doctor has severe allergic reaction to Moderna vaccine, says report

A US Food and Drug Administration (FDA) official said last week that the US drug regulator is investigating around five allergic reactions that occurred after people were administered Pfizer and BioNTech SE’s coronavirus vaccine in America.

Meanwhile, amid the new coronavirus strain scare, Moderna has said that it expects the immunity induced by its Covid-19 vaccine would be protective against the variant reported in the UK.

After RBI rap, fintech grouping comes out with code of conduct for industry

The RBI circular cited reports that spoke about excessive rates of interest and additional hidden charges demanded from borrowers, adoption of “unacceptable and high-handed recovery methods” and also misuse of agreements to access data on the mobile phones of the borrowers.
In a statement, FACE, which is formed by EarlySalary, KreditBee, Kissht, CashE, and LoanTap, said maintaining an ethical code of conduct with “larger accountability and transparency is essential for enabling robust financial inclusion in India”.

The code speaks on transparency, disclosure of all costs to customers, pricing and cost of credit, fair treatment, collection, fair treatment, data privacy and resolution of grievances.

China launches antitrust probe into tech giant Alibaba

It follows China’s dramatic suspension last month of Ant’s planned $37 billion initial public offering, which had been on track to be the world’s largest, just two days before shares were due to begin trading in Shanghai and Hong Kong.

In a strongly worded editorial, the ruling Communist Party’s People’s Daily said that if “monopoly is tolerated, and companies are allowed to expand in a disorderly and barbarian manner, the industry won’t develop in a healthy, and sustainable way”.

1 in 10 gamers have had their ID stolen, $347bn at risk

According to global research by cyber-security firm Kaspersky, a third (33 per cent) of gamers have suffered at the hands of cheats.

According to the 5,031 gamers surveyed across 17 countries, nearly a fifth (19 per cent) have also been bullied while playing.

All of these combined cause stress and anxiety in 31 per cent of the games surveyed.
For companies like Nintendo, Sony and Microsoft, 2020 has been a record-breaking sales year as millions stayed home during the pandemic.

COVID-19: India records 24,712 new cases

The number of people who have recuperated from the disease surged to 96,93,173 pushing the national recovery rate to 95.75 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.  

The COVID-19 active caseload remained below 3 lakh for the third consecutive day.

There are 2,83,849 active coronavirus infections in the country which comprises 2.80 per cent of the total caseload, the data stated.

Massive cyberattacks that shook the world in 2020

The biggest of them perhaps came to light towards the end of the year when cybersecurity company FireEye earlier this month revealing that it became a target of hackers who accessed tools that the company uses to test its customers’ security.
According to a report in The Wall Street Journal, suspected Russian hackers installed a malware in the Orion software sold by the IT management company SolarWinds, and accessed sensitive data belonging to several US government agencies, at least one hospital and a university.

Youth unemployment: a scourge of the COVID-19 economy

Data show that periods of youth unemployment cause serious long-term damage. A study by the London-based Centre for Economic Policy Research found that even one month of unemployment for those aged 18-20 knocked 2% of total lifetime income.
Beyond the immediate damage to education and job prospects is the risk of what economists call “scarring,” where the knock-on effects do long-term harm to income levels, access to training, career prospects and even mental well-being.

Laptops, desktop sales see ‘renaissance;’ shortages won’t ease until 2022

Some computers coming to market in the next few months address new needs. They feature better cameras and speakers for video conferencing, analysts said. More models will have a cellular chip, aiding users who can access 4G or 5G mobile signals but not traditional Wi-Fi.

Sam Burd, president at PC maker Dell Technologies Inc, this month said the industry “renaissance” would soon bring devices with artificial intelligence software to simplify tasks like logging on and switching off cameras.
Annual global shipments of PCs, the industry’s collective term for laptops and desktops, topped out at about 300 million in 2008 and recently were sinking toward 250 million. Few expected a resurgence.

But some analysts now expect 2020 will close at about 300 million shipments, up roughly 15% from a year ago. Tablets are experiencing even faster growth.