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Two years into the pandemic, is the end in sight?
Countries such as Israel and Sweden have started administering fourth doses, but experts fear that an endless number of booster shots is a short-sighted strategy. An Israeli trial in January also found that a fourth dose was less effective against Omicron Pharma...
‘Cyberattack’ knocks thousands offline in Europe
“Due to a massive disruption of the satellite connection in Europe, remote monitoring and control of thousands of wind power converters is currently only possible to a limited extent,” mentioned the producer, Germany’s Enercon which mentioned the issues began on...
Samsung hacked by foreign entity, confidential data leaked: Report
Data extortion entity Lapsus$ has claimed that it hacked the system of the South Korean tech giant and leaked up to 190 gigabytes of its data and source code online, according to the sources Seoul: Samsung Electronics has allegedly been hacked by a foreign hacking...
Experts question study predicting fourth Covid wave in India in June
“Active cases are decreasing quite fast — and from looking at the current trends we certainly cannot say anything about a new wave in the future,” said Sithabra Sinha, professor at Chennai's Institute of Mathematical Sciences (IMSc) New Delhi: Forecasting models are...
War in Ukraine, sanctions will have ‘severe impact’ on global economy: IMF
“Price shocks will have an impact worldwide, especially on poor households for whom food and fuel are a higher proportion of expenses,” the IMF said. “Should the conflict escalate, the economic damage would be all the more devastating. The sanctions on Russia will...
Russia-Ukraine turmoil triggers market stress alarms
"The market's liquidity conditions have weakened this week, and were exacerbated overnight after reports of shelling to Europe's largest nuclear plant in Ukraine," said ING currency strategist Francesco Pesole LONDON/NEW YORK: Financial indicators signalled increasing...
Research suggests ‘purchase happiness’ is directly proportional to amount of money
The authors discovered at least one way financially constrained consumers could get more happiness from their purchases: by planning Research suggests 'purchase happiness' is directly proportional to amount of moneyAnew study, led by Duke University's Fuqua School of...
Moderate hikes in motor 3rd-party premium likely in FY 2022-23
In a bid to promote environment friendly vehicles, the draft notification has proposed a 15 per cent discount for electric private cars, electric two wheelers, electric goods carrying commercial vehicles and electric passenger carrying vehicles There have no revisions...
Sony, Honda Motor team up to develop and sell electric vehicles
Honda will be responsible for manufacturing the first model, while Sony will develop the mobility service platform, they said “In the joint venture, we would like to lead the mobility evolution by combining our technology and experience with Honda's long experience in...
China targets slower GDP growth of around 5.5% amid economic headwinds
"A comprehensive analysis of evolving dynamics at home and abroad indicates that this year our country will encounter many more risks and challenges, and we must keep pushing to overcome them," said Premier Li Keqiang at the start of China's annual meeting of...
Ukraine crisis highlights Big Tech’s potential to disrupt daily life
Russia's central bank said last week that cards of banks that fell under international sanctions - including VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie - would not be able to be used with the digital wallets The disruptions were "striking" and...
GIC Re studying $115 mn suit by AM Re Syndicate for US business
In a regulatory filing on Thursday, GIC Re said it is currently in the process of studying the complaint and quantification in detail in order to determine the next steps "In the complaint, AM RE has sought amounts which are to be determined at trial, but which as per...
Fitbit recalls millions of ‘Ionic’ smartwatches after battery burn reports
The Consumer Product Safety Commission (CPSC) in the US said in a statement that at least 115 people in the US -- and 59 globally -- have reported an overheating battery on the device. There were 118 reports of burns, with two reports of third-degree burns and four...
Russia’s invasion of Ukraine leaves global trade in tatters
Since Russia's invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while dozens more have been stranded at ports and at sea unable to unload their valuable cargoes Only a small handful of Russia's 2,000 cargo and...
LIC IPO: Govt to take call in best interest of investors, DIPAM Secy
DIPAM Secretary Tuhin Kanta Pandey said that while the government's desire is to come out with the Initial Public Offer (IPO) of the state-owned life insurer in the current fiscal, it is a ''dynamic situation'. New Delhi: The government will take a call on the IPO of...
Italy’s Generali to pull out of Russia as Intesa reviews business
Europe's No 3 insurer said its exposure to the Russian market in terms of investments and insurance business was under constant evaluation. The moves come as Western countries seek to distance themselves from Russian business after President Vladimir Putin ordered his...
Russia central bank increases capital of reinsurance firm specialising in sanctions risk
MOSCOW: Russia's central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion roubles ($3.08 billion) from 71 billion roubles.
Govt to push LIC IPO to next fiscal amid market swings
Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...