Category

About 1,000 finance firms eying Post-Brexit outposts in U.K.

International News       Feb 22, 2021

  London: Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting rights because of Brexit. Roughly two-thirds of the 1,500 money managers, payment firms and insurers that have applied for regulatory permission to continue operating...

'No other option': Deadly India floods bare conflicts from hydropower boom

Indian News       Feb 22, 2021

  RAINI, Uttarakhand: Growing up in a remote tribal village high in the Indian Himalayas, Kundan Singh loved to play on a field by the sparkling Rishiganga river. The 48-year-old recalls afternoons there competing in sports tournaments, surrounded by forests of pine. Fifteen years ago, bulldozers...

Uber’s U.K. Court loss spells a reckoning for Gig work in Europe

International News       Feb 22, 2021

  Uber Technologies Inc.’s defeat in a UK legal battle over the way it treats its drivers is set to trigger a wave of complaints from workers across the region. Britain’s Supreme Court ruled Friday that Uber must treat its drivers as “workers,” giving them access...

Pfizer jab 95.8% effective against Covid: Israel health ministry

International News       Feb 22, 2021

Jerusalem: srael's health ministry said Saturday recent data from its aggressive coronavirus vaccination campaign showed two doses of the Pfizer/BioNTech jab were nearly 96 percent effective against infection. Israel's inoculation campaign is regarded as the world's fastest, with one dose of the Pfizer/BioNTech vaccine administered...

Israeli Insurtech reaches $1 Billion Valuation

International News       Feb 22, 2021

  Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners. Existing investors Jerusalem Venture Partners, Vintage Investment Partners and Israel Growth Partners joined the New...

DBS faces lawsuits in India post-takeover of Lakshmi Vilas Bank

      Feb 22, 2021

  DBS Group Holdings Ltd., Southeast Asia’s largest lender, said it’s facing lawsuits in India related to its recent takeover of a struggling local bank. Holders of Lakshmi Vilas Bank Ltd.’s equity shares and Tier-II bonds that were written off before the effective date of amalgamation...

Sensex plummets 1,145 points, Investors lose Rs 3.7-lakh crore as markets tank

Indian News       Feb 22, 2021

  Mumbai: Investor wealth slumped by Rs 3.7 lakh crore on Monday, as the equity market recorded its biggest single-day fall in two months. At the close of trade, the total market capitalisation of BSE listed companies eroded by Rs 3,71,883.82 crore to Rs 2,00,26,498.14 crore....

Researchers at IISER develop low cost AI-enabled 'crowd and mask' monitoring system

Facts       Feb 22, 2021

  Researchers at Bhopal's Indian Institute of Science Education and Research (IISER) have developed a low cost AI-powered system that will monitor the movement of people on campus and send a pre-recorded message as an alert if social distancing norms are violated. Aimed at preventing the...

UN to rich nations: Don't undermine Covax vaccination program

International News       Feb 22, 2021

  Berlin:  The head of the World Health Organization pleaded with rich countries on Monday to check before ordering additional COVID-19 vaccine shots for themselves whether that undermines efforts to get vaccine shots to poorer nations. Wealthy nations have snapped up several billion vaccine doses while...

Study shows Covid-19 patients have higher risk of cardiac damage

Facts       Feb 22, 2021

  A recent study revealed that approximately 50 per cent of patients, who are hospitalized due to severe Covid-19 symptoms, show raised levels of a protein called troponin that causes damage to their hearts.The injury was detected by magnetic resonance imaging (MRI) scans at least a...