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Nigerian court freezes Shell accounts ahead of Aiteo lawsuit

The lawsuit is latest in a string of legal headaches for the biggest international oil company operating in Nigeria, Africa’s biggest oil exporter.

A British court last week cleared the way for local communities to sue the company over oil spills in the West African nation, and last month Shell lost a case brought in the Netherlands by Nigerian farmers and fisherman over pollution claims.

RBI issues master direction to ensure security of digital payments

The Master Direction lays down guidelines for internet banking, mobile payments, card payments, customer protection and grievance redressal mechanism.

“In view of the proliferation of cyber-attacks and their potential consequences, regulated entities should implement, except where explicitly permitted/ relaxed, multi-factor authentication for payments through electronic modes and fund transfers, including cash withdrawals from ATMs/ micro-ATMs/ business correspondents, through digital payment applications,” the RBI said.

India reports 13,193 new COVID-19 cases

With the new cases, the coronavirus tally in the country has reached 1,09,63,394 including 1,39,542 active cases and 1,06,67,741 discharges.

The death toll has mounted to 1,56,111 with the loss of 97 more lives due to the virus in the last 24 hours.
As per the Health Ministry, 98,46,523 vaccine doses were given through 2,10,809 sessions till Thursday evening.

As Covid-19 cases surge, lockdown back in two Maharashtra districts

Almost 80 to 90 per cent of new cases were being reported from Yavatmal, Pandharkawda, and Pusad cities, he said. “We have decided to conduct around 500 tests per day in Yavatmal, Pandharkawda and Pusad municipal corporations. Today we are ordering lockdown in Yavatmal district till February 28

In the light of a rise in COVID-19 cases, the Brihanmumbai Municipal Corporation has decided to register offences against people who violate safety guidelines, an official said on Thursday.

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Boeing warns pilots in wake of deadly Indonesian 737 crash

In the bulletin, the company lists various causes that can trigger a loss of control, which include malfunctions and incorrect actions by pilots. Preventing such concurrences “involves the active participation of both pilots,” it said.

“Active monitoring skills are essential to facilitate early detection of conditions that can lead to an airplane upset,” the company said. An upset occurs when a plane flies too slowly or banks, climbs or descends too steeply.

Clinical trials indicate India’s vaccines will be effective against Covid-19 variants: ICMR

India had from the outset resisted the temptation of going for herd immunity unlike many European countries, including the UK and Italy, and its decision had been vindicated from what happened in the western nations that allowed the pandemic to spread, he pointed out.

As a result, India had not only ramped up its medical infrastructure for domestic use but had also reached the level of exporting vaccines and treatment kits on a large scale, he said.

Bitcoin nears $1 trillion market value as crypto jump tops stocks, gold

This month, Tesla Inc. disclosed a $1.5 billion investment and MicroStrategy Inc. boosted a sale of convertible bonds to $900 million to buy even more of the token. That brought the coin closer to corporate America.

“If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it,” said Craig Erlam, senior market analyst with Oanda Europe Ltd.

Swiss Re records larger-than-expected annual loss,eyes 2021 recovery from pandemic fallout

Swiss Re and its competitors have faced large claims from the pandemic, such as those for cancelled events, as well losses from hurricanes and wildfires in the United States.

“We are confident in the outlook for 2021 with COVID-19 losses mostly behind us,” Chief Executive Christian Mumenthaler said, adding the rollout of COVID-19 vaccines provided hope.

U.K. to set up Green Finance hubs to support banks and insurers to invest in renewables

The goal is to “equip banks with the latest environmental and scientific intelligence to help companies of all sizes,” according to the statement. Researchers will aim to create products and services that help tackle climate change and its effects, including tools to measure storm and flood-risks.