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News in Short

News in Short - 17-January-2022

North Korean hackers steal $400 million worth cryptocurrency in 2021

Date: 17 January 2022 Tags: Miscellaneous
  • North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400 million worth of digital assets last year.
  • A United Nations panel of experts that monitors sanctions on North Korea has accused Pyongyang of using stolen funds to support its nuclear and ballistic missile programs to circumvent sanctions.
  • The attackers used phishing lures, code exploits, malware, and advanced social engineering to siphon funds out of these organizations’ internet-connected ‘hot’ wallets into North Korea-controlled addresses.

Microsoft invests in alcohol to fuel jet bio refinery

Date: 17 January 2022 Tags: Miscellaneous
  • Microsoft is investing $50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year.
  • The airline industry is considered one of the hardest to decarbonize. Renewable aviation fuel accounted for less than 0.1% of current global jet fuel demand.
  • Oil majors, airlines and other petroleum trading companies including Suncor Energy Inc., British Airways and Shell are also funding the company.

Senior journalist Kamal Khan dies

Date: 17 January 2022 Tags: Obituaries
  • Award-winning journalist Kamal Khan died of a heart attack in his home in Lucknow. Khan, who was 61, was associated with news channel NDTV for over 30 years.
  • Khan, who was NDTV’s executive editor, had received the Ramnath Goenka Award in 2010 and the Ganesh ShankerVidyarthi Award from the President of India.
  • Kamal Khan was particularly known for his poetic voiceovers and piece to camera, and his in-depth analysis of Uttar Pradesh politics.

Philippines to buy BrahMosmissile

Date: 17 January 2022 Tags: Miscellaneous
  • The Philippines has given a USD 374 million contract to BrahMos Aerospace to supply shore-based anti-ship missiles for the country’s navy.
  • BrahMos Aerospace, an India-Russian joint venture, produces the supersonic cruise missile ‘BrahMos’ that can be launched from submarines, ships, aircraft, or from land platforms.
  • India has already deployed a sizable number of the Brahmos missiles and other key assets in several strategic locations along the Line of Actual Control with China in Ladakh and Arunachal Pradesh.

Indo-china trade crosses $125 billion

Date: 17 January 2022 Tags: Miscellaneous
  • India’s trade with China in 2021 crossed $125 billion with imports from China nearing a record $100 billion, underlining continued demand for a range of Chinese goods, particularly machinery.
  • In the past 12 months, data from China’s General Administration of Customs released on January 14 showed, the value of goods imported by India from China exceeded the total bilateral trade in 2019. Trade fell from $92.8 billion in 2019 to $87.6 billion in 2020 on account of the pandemic.
  • Trade has boomed in 2021 thanks to a recovery in demand as well as rising imports of new categories of goods such as medical supplies.