Covid-19: Active cases only 1.65% of total infections
The daily Covid-19 recovered cases in India have been surpassing daily new cases from the last 20 days, while the total active cases stand at 1,76,498 comprising just 1.65 per cent of the total infections, the Union health ministry said on Wednesday. The cumulative recoveries have surged to 1,03,59,305 with 13,320 patients being discharged in a span of 24 hours.
Covaxin effectively neutralises UK variants: Bharat Biotech
India's first indigenous Covid-19 vaccine Covaxin effectively neutralises the deadly and infectious UK variants of SARS-CoV-2 virus, reducing the possibility of mutant virus escape, its developer Bharat Biotech said on Wednesday.
Covaxin effective on UK virus strain of Covid-19: ICMR
An Indian Council of Medical Research study on Covaxin shows a comparable neutralization activity of the vaccinated individuals against UK-variant strain. The ICMR's National Institute of Virology scientist performed the plaque reduction neutralization test using sera collected from the 26 recipients of Bharat Biotech's coronavirus vaccine (Covaxin) against UK-variant strain.
India pledges $150,000 for UN peace-building
India has announced a pledge of $150,000 to activities of the Peacebuilding Fund this year and said that 2021 provides the international community with an opportunity to look at peacebuilding in a more focused manner, especially in the context of the Covid pandemic.
Nadal, Serena support strict Covid protocols in Australia
Nadal, along with top players like Novak Djokovic and Serena Williams, is isolating in Adelaide and said he felt "very sorry" for those in hard isolation but urged fellow participants at the upcoming Australian Open to have a wider perspective of the strict health measures in the country.
Japan PM apologises after lawmakers' night club outings
Japanese Prime Minister Yoshihide Suga apologised on Wednesday after lawmakers from his ruling coalition visited night clubs despite his government's call for people to avoid unnecessary outings to curb the spread of Covid-19.
Sasikala released from prison after serving 4-year jail-term
The procedures for Sasikala's release were done at the Victoria Hospital, where she is presently undergoing treatment for Covid-19 infection, which she had contracted a week ago, along with her sister-in-law J Ilavarasi.
Coronavirus | Covaxin effective against the U.K. variant, says study
Health: Researchers from ICMR’s Pune-based National Institute of Virology (NIV) and Bharat Biotech found that the vaccine has “comparable neutralisation activity” against the UK variant and the strain used for making the vaccine.
UAE investors applaud regional bank results
Markets|: Dubai: UAE stocks surged on Wednesday as investors reacted positively to forecast-beating results from the country's key lenders First Abu Dhabi Bank and Emirates NBD, while assuring investors a dividend amid the COVID-19 crisis. Both stock markets of UAE climbed over 1 per cent in a clear sign of market-beating optimism, as their global counterparts stayed cautious ahead of an update on the US monetary policy package and as several industry giants were also set to release their earnings report. Abu Dhabi Security Exchange jumped 1.4 per cent, the most in the last six trading sessions. It was bolstered by gains from the stock of the country’s largest lender First Abu Dhabi Bank (FAB) - which scaled up as much as 2.7 per cent during the day, before settling up 2.5 per cent at close. The investors were upbeat as the bank chose to hand out as a generous cash profit to shareholders as it did in 2019, even as the virus continues to rattle the world economy. FAB announced a dividend distribution of 74 fils per share to its shareholders as its fourth-quarter profit rose 5 per cent and it’s full year results topped market expectations even after shrinking 16 per cent, as impairment charges rose in a year challenged by the health crisis. The lender’s rally triggered gains from other stocks, from within the banking sector and beyond, with Abu Dhabi Islamic Bank advancing 2.2 per cent and Aldar Properties rising 3.5 per cent. Dubai Financial Market added 1.1 per cent after slipping in three out of the last four sessions. The emirate’s top lender Emirates NBD led gains on the benchmark, surging 2.6 per cent after it decided not to cut its shareholders’ dividend payout. A profit distribution of 40 fils per share was announced after its net income more than halved – but beat analyst estimates, which reinforced investor confidence in the state of the bank’s finances. Like in Abu Dhabi, other companies rose as a result as Dubai Islamic Bank gained 2 per cent and telecom giant Emirates Integrated Telecommunications Company (du) traded higher by 1.1 per cent.
KPMG’s survey reveals 28% of UAE workforce needs reskilling and upskilling
Business|: Dubai: The UAE workforce may continue to see significant changes over the next one to two years. A new KPMG report revealed that nearly a quarter (23 per cent) of employees may continue to work remotely, while more than a quarter (28 per cent ) will likely require upskilling. The Future of HR in the New Reality captures the perspectives of local human resources (HR) executives on preparing their organizations and HR functions for the future. Nearly every organization is prioritizing people, as they grapple with pre-existing and new challenges exacerbated by the pandemic. Although nearly all (89 per cent) of HR professionals agreed that the function played a leading role in responding to the Covid-19 pandemic, it may be time for HR to reinvent itself. For example, considering rapid changes, HR professionals may take a different approach to measuring and improving productivity and workforce-related challenges to drive competitive advantage over the medium-to-long term, rather than focusing on short-term issues. "As HR leaders adapt to an unpredictable future, their focus tends to be on short-term firefighting to cope with immediate challenges. It is crucial to play the long game in order to thrive in the new reality. To do so, HR leaders may create a seamless, tech-enabled employee experience in a remote work environment, take ownership of the employee rebuilding and reskilling journey, and embrace analytics and data science to prove the impact of the HR function,” said Marketa Simkova, Partner, Head of People & Change at KPMG Lower Gulf. Perceptions of HR From facilitating the transition to remote working, to implementing and communicating health measures in the workplace, HR has been at the forefront of the Covid-19 crisis. While most business leaders and employees view the function’s response to the crisis in a favorable way, some decision makers believe HR needs to be bolder and prove its strategic worth. The KPMG survey shows that 62 per cent of HR executives believe the function needs to completely reimagine and transform itself to respond more effectively to future disruption. Half (50 per cent) of HR professionals agree that the function is considered to be an “administrator” rather than a “value driver.” Eighty-six percent of HR executives believe the function needs to rethink productivity and performance measures in light of the shift to remote working.
Positive COVID-19 tests linked to Australian Open downgraded to eight
The number of positive COVID-19 tests linked to the Australian Open has been downgraded to eight after authorities reclassified one of the results as a previous infection, health officials said on Wednesday.