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Alibaba victim of huge data leak by consultant: Chinese Court
A central Chinese court ruled that an employee of a consultant that helps merchants on Alibaba’s Taobao online mall was guilty of dredging up more than a billion data items on Taobao users since 2019, using that to serve clients. The court imposed jail terms of more than three years on the staffer and his employer, alongside fines totaling 450,000 yuan ($70,260).
Covishield dose interval under discussion: NTAGI Working Group Chairman
NHAI makes monthly drone survey mandatory for all NH Projects
AXA XL appoints new leadership for Global Political Risk, Credit & Bond
G7 brightens outlook for new nature pact but pandemic threatens deadline
Hedge Funds remain an option for some insurers
The life/annuity segment raised its dollar exposure in hedge funds 5.8%, to $5.4 billion, and the property/casualty segment, 5.5%, to $6.6 billion.
Several qualities made hedge funds attractive to investors during the pandemic, including risk diversification and a low correlation to other asset classes. The hedge fund industry still lost approximately $44.5 billion in asset flows in 2020, according to the report, but that is nearly half the amount pulled out in 2019.
‘Digital dumpsites’ study highlights growing threat to children: UN health agency
Why Asia, the pandemic champion, remains miles away from the finish line
But nearly everywhere in the region, the trend lines point to a reversal of fortune. While Americans celebrate what feels like a new dawn, for many of Asia’s 4.6 billion people, the rest of this year will look a lot like the last, with extreme suffering for some and others left in a limbo of subdued normalcy.
UK COVID-19 BI claims exceed $1 Billion; About half of claims Paid
In total, 16,159 claims have been paid in full out of 37,702 claims that have been accepted by insurers for a final clearance rate of 42.86%.
Aggregate claims paid has risen by 7.9% since the last FCA report, which showed £701.4 million in claims paid. Insurers have made initial or final payments on 53.97% of BI claims that have been accepted by the carriers.
The payments are being made after the U.K. Supreme Court ruled in a BI test case in April. It found insurers are liable for the COVID-19-related business interruption claims of about 370,000 policyholders under policies written before the outbreak and never designed to cover pandemic claims.
Modi calls for ‘repair and prepare’ as India emerges from pandemic
”I invite the world to invest in India based on the five pillars of talent, market, capital, eco-system and culture of openness.” Stating that India’s strides in the world of tech and start-up are well-known, he said the country is home to one of the world’s largest start-up eco systems and several unicorns have come up in recent years.
Refugees in India, elsewhere hit hard by COVID-19 impact -rights report
11 thermal plants in NCR accounted for 7 pc of Delhi air pollution in Oct-Jan: Study
UN chief: Desertification and drought destabilizing well-being of 3.2 billion people
Having contributed to the collapse of biodiversity and promoting zoonoses – diseases which jump from animals to humans
Audrey Azoulay, Director-General of the Educational, Scientific and Cultural Organization (UNESCO) called desertification “another reminder” that human health and that of the environment, are “deeply intertwined”.
Desertification and drought also increase water scarcity, at a time when two billion people still lack access to safe drinking water, said Ms. Azoulay, adding that “over three billion may have to confront a similar situation by 2050”.
Nagaland staring at drought-like situation with no rain in sight: Minister
Addressing a press conference, he said the state is witnessing peculiar weather this year and a drought-like condition is feared if there is no rain within the next few weeks.
The state is facing rainfall deficiency of 20-59 per cent, except for the Mon district where the rainfall is in excess of 48 per cent, as per Nagaland State Disaster Management Authority (NSDMA) data.
Centre’s Motor Vehicle Act wont be applicable for old petrol, diesel cars in Delhi, says transport minister Kailash Gahlot
Gahlot said, “Delhi is in a peculiar position, because specifically for the national capital, there are orders from the Supreme Court and NGT. They have limited the life of petrol-run vehicles to 15 years and those which run on diesel to 10 years.”
The Delhi Transport Department will fine Rs 10,000 owners found flouting the rule
IT cos to slash 3 million jobs; 30% of low-skill force by 2022: BoA
The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA.
GM boosts spending on electric vehicles, to add two new U.S. battery plants
“EV adoption is increasing and reaching an inflection point,” GM Chief Financial Officer Paul Jacobson told reporters on a conference call. “We want to be ready to be able to produce the capacity that we need to meet demand over time.”The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.