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India approves Zydus Cadila’s ZyCoV-D vaccine for emergency use for adults and children above 12 yrs

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: Zydus Cadila's wait for a regulatory nod for its ZyCoV-D plasmid DNA vaccine against Covid is over. The Ahmedabad-based pharma company has received approval from the Drugs Controller General of India (DCGI). According to a press release of the...

FDI proposal for bank-promoted insurance firm to be vetted by RBI, Irdai: Govt notification

by AIP Online Bureau | Aug 20, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

New Delhi: The government has said applications for foreign direct investment in an insurance company promoted by a private bank will be cleared by the RBI and Irdai to ensure that the 74 per cent limit of overseas investment is not breached. These changes were made...

Japanese general insurance industry to reach $133.1bn in 2025, forecasts GlobalData

by AIP Online Bureau | Aug 20, 2021 | International News, Non-Life, Reinsurance

The general insurance industry in Japan is projected to grow from US$104.1bn(JPY11.1 trillion) in 2020 to US$133.1bn(JPY12.6 trillion) in 2025, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData has...

For bank regulators, tech giants are now too big to fail

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

LONDON: More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks. This time it's the tech giants including Google, Amazon and...

China’s planned anti-sanctions law for Hong Kong unsettles financial sector

by AIP Online Bureau | Aug 20, 2021 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy

  HONG KONG:- Global banks and other financial institutions in Hong Kong are scrambling to find out details of China's planned imposition of an anti-sanctions law on the city, and trying to understand how it could impact their operations in the financial hub....

J&J seeks nod for COVID-19 vaccine trial in Indian adolescents

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

BENGALURU: Johnson & Johnson has sought approval from Indian drug regulators to conduct a study of its COVID-19 vaccine among 12- to 17-year-olds, the company said on Friday. Conducting vaccine clinical trials among adolescents is imperative to achieve herd...

Japanese crypto exchange hit by estimated $94 mln hack

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, International News, Technology

  LONDON: Japanese cryptocurrency exchange Liquid said on Thursday it was hit by hackers in a theft estimated to top $94 million, in the latest targetting of a crypto platform. "We are sorry to announce that #LiquidGlobal warm wallets were compromised, we...

Musk says Tesla likely to launch humanoid robot prototype next year

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Facts, Technology

Tesla Inc Chief Executive Elon Musk on Thursday said the electric automaker will probably launch a "Tesla Bot" humanoid robot prototype next year, designed for dangerous, repetitive, or boring work that people don't like to do. Speaking at Tesla's AI...

ANALYSIS-Climate science struggles with ‘blind spots’ in developing nations

by AIP Online Bureau | Aug 20, 2021 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography

This month's hard-hitting report from the U.N. climate science panel sounded the alarm on the surging impacts of global warming – but its authors and independent researchers said it did not provide enough insight on threats in poorer parts of the world....

Has global automobile market revived? ​​​​​​​

by AIP Online Bureau | Aug 20, 2021 | Articles, Eco/Invest/Demography, Non-Life

  Korean automobile companies have sold 2,297,000 units in the global market in the first half of this year, closing to the level of 2,303,000 units sold in the first half of 2019. In particular, global market share increased by 0.6 per cent p from 7.4 per cent...
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