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Indian
Passenger vehicle retail sales dip 11% in Dec amid semiconductor woes
"The month of December is usually seen as a high sales month where...
Foxconn unlikely to reopen its iPhone manufacturing facility in Tamil Nadu until Jan. 7
The Foxconn plant, located in the state of Tamil Nadu, was closed...
India’s logs new 58,097 Covid cases,the highest since June
A total of 2,135 cases of Omicron variant of coronavirus have been...
Assets under management of NPS, APY cross Rs 6.99 lakh cr: PFRDA
NPS, which mainly caters to organised sector employees, is...
International
Positive news on Oxford/AstraZeneca COVID-19 vaccine could come Thursday:report
AstraZeneca’s experimental vaccine is probably the world’s leading candidate and most advanced in terms of development, the World Health Organization’s chief scientist said in June.
The company has signed agreements with governments around the globe to supply the vaccine should it be cleared for use.
‘Tough day’ for Twitter after hack targets tycoons,stars,politicians
Shares in the social media company tumbled almost 5% in trading after the market close before paring their losses.
In the hours after the initial breach, some of the platform’s biggest users appeared to be struggling to re-establish control of their accounts. In the case of billionaire Tesla Chief Executive Elon Musk, for example, one tweet soliciting cryptocurrency was removed and, sometime later, another one appeared, and then a third.
Among other high profile accounts affected: rapper Kanye West, Amazon founder Jeff Bezos, investor Warren Buffett, Microsoft co-founder Bill Gates, and the corporate accounts for Uber and Apple . Several accounts of cryptocurrency-focused organizations were also hijacked.
Six Harvey Weinstein accusers call $18.9 million New York settlement a ‘cruel hoax’
In a Manhattan federal court filing, the six women said accusers would receive just $11.2 million after deducting legal fees and costs, with typical awards of just $10,000 to $20,000, while shielding the defendants’ insurers from big payouts.
They also complained that the accord “absolved” Weinstein, his brother Bob Weinstein and the board of liability, while setting aside another $15.2 million to help cover their defense costs.
Covid-19 Pandemic:Global reinsurnace capital shrinks by 6 % to $590 bn,tightening of reinsurance capacity expected:AON
Many reinsurers reported losses for the first quarter, driven by asset write-downs and the first installment of claims associated with the effects of the pandemic. The combined pre-tax loss for the 18 constituents of Aon’s Reinsurance Aggregate (‘the ARA’) that reported was USD3.8 billion.The average combined ratio was 103.2 percent, with USD3 billion of COVID-19 related losses recognized.
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