SIRC 26
Indian
Air passenger volumes remain weak in contrast to robust cargo demand: AAPA
More than a year into the pandemic, strict border restrictions and quarantine measures continue to have a devastating impact on international air travel, said Subhas Menon, AAPA Director General.
“By contrast, air cargo remains the single bright spot for the region’s airlines, with strong external demand boosting cargo revenue. However, this remains largely insufficient in mitigating the drastic fall in passenger volumes.” Menon said progress in vaccination rollouts across the region remains slow as many countries still face challenges in procuring supplies and suffer from resource constraints.
Vaccine inequity causes ‘dangerous divergence’ in COVID survival rates – UN agency heads
HC to hear in Oct appeals of FB, WhatsApp in privacy policy matter
The case relates to the appeals of Facebook and WhatsApp against a single judge order dismissing their pleas against the probe CCI ordered into the instant messaging app’s new privacy policy.
CCI had contended that the new privacy policy of WhatsApp would lead to excessive data collection and “stalking” of consumers for targeted advertising to bring in more users and is therefore an alleged abuse of dominant position.
Climate Change: 80% of South Mumbai will be under water by 2050, Mumbai municipal commissioner
Mumbai municipal commissioner Iqbal Singh Chahal said that Mumbai is the first city in South Asia that is preparing its climate action plan and acting on it.
“Earlier, we used to hear about climate change events like melting glaciers, but not directly affecting us. But now it has come to our doorstep,” he added.
Chahal said that last year for the first time in 129 years, a cyclone (Nisarga) hit Mumbai and thereafter in the last 15 months, there have been three cyclones. After that, on August 5, 2020, about 5 to 5.5 feet water was accumulated at Nariman point.
International
AXA XL creates role of Global Chief Underwriting Officer, Cyber
Britain’s insurance sector urged to compete by selectively diverging from EU Rules
China virus toll nears 500,to affect Chinese insurers’ earnings
While the claim expenses associated with the outbreak remain uncertain, medical costs for future treatments may burden insurers. As of 3 February 2020, the Ministry of Finance and local governments have planned to allocate total funding of CNY47bn ($6.7bn) to assume responsibility of medical-related costs.
US working closely with China to combat coronavirus outbreak: Trump
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