US accuses Chinese hackers of stealing vaccine research : Bulletin: Business Today
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US accuses Chinese hackers of stealing vaccine research

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BusinessToday.In | July 22, 2020

Coronavirus: US accuses Chinese hackers of stealing vaccine research

The US Justice Department on Tuesday accused two Chinese hackers of stealing hundreds of millions of dollars of trade secrets from companies across the world and more recently targeting firms developing a vaccine for the coronavirus. The indictment, which officials expected to discuss at a news conference, says the hackers in recent months had researched vulnerabilities in the computer networks of companies publicly known for their work in developing vaccines and treatments.

Govt extends work from home norms for IT, ITes companies till Dec 31

The government on Tuesday said it has extended connectivity norms for work from home for IT and BPO companies till December 31. The time period for work from home was expiring on July 31. Currently, around 85 per cent of the IT workforce is working from home and only those performing critical functions are going to offices.

Apple commits to make products, supply chain carbon neutral by 2030

Apple has unveiled its roadmap to become completely carbon neutral by 2030. The Cupertino tech giant said that it plans to become carbon neutral across its entire business, manufacturing supply chain and product life cycle. This means every Apple product sold by 2030 will have no climate impact.

Indian e-commerce market to grow 27% annually; Reliance to dominate online grocery: Goldman

India's e-commerce business is expected to grow at a compound annual growth rate (CAGR) of 27 per cent to reach $99 billion by 2024, Goldman Sachs said projecting that Reliance Industries would capture half of the online grocery sales through its Facebook. Goldman Sachs said the Covid-19 pandemic has driven a doubling of penetration of e-commerce globally with categories such as consumer packaged goods driving as much as three years of penetration growth in three months.

MSMEs stare at huge job losses, soaring NPAs; cash shortage threatens survival

With micro, small and medium enterprises (MSMEs) grappling with coronavirus pandemic woes, a private survey has estimated 2.5-3 crore job losses in the sector by June-end. Another 1-1.5 crore workers could be handed out pink slips by next month.As many as 37 per cent firms surveyed in June said that they needed to cut upto 50 per cent salaries to remain afloat.

Trump says virus in US will get worse before it gets better

President Donald Trump warned on Tuesday that the "nasty horrible"coronavirus will get worse in the U.S. before it gets better, but he also tried to paint a rosy picture of efforts to conquer the disease that has claimed more than 140,000 American lives in just five months.

He also professed a newfound respect for the protective face masks he has seldom worn.

Coronavirus Vaccine News Live Updates: Oxford drug shows promise, Serum to enrol 5,000 Indians

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