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Oil rises as Biden wins, OPEC+ deal can be tweaked

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  LONDON: Oil rose on Monday, with Brent topping $40 a barrel, after Joe Biden clinched the US presidency and buoyed risk appetite, and the Saudi oil minister said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand. Brent crude had climbed $1.28, or 3.2%, to $40.73 a barrel by 1116 GMT and US West Texas Intermediate crude was at $38.40, up $1.26, or 3.4%. “Oil prices surged on Monday benefiting from a risk-on stance and a weaker US dollar driven by Joe Biden becoming president-elect,” said Giovanni Staunovo, oil analyst for UBS. Biden will convene a coronavirus task force on Monday to examine the number one problem confronting him when he takes office in January. Oil prices remain under pressure by renewed lockdown measures in Europe aimed at containing a rise in Covid-19 cases. Keisuke Sadamori, International Energy Agency (IEA) Director for Energy Markets and Security, told Reuters the new lockdowns appear set to push the outlook for global oil...
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Grave of India-Pakistan war hero Brig Usman 'vandalised' in New Delhi

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  NEW DELHI: According to the Indian online newspaper  The Print , the grave of the India-Pakistan 1947-48 war hero Brigadier Mohammad Usman was vandalised by unidentified 'miscreants'. The grave was said to be located in south Delhi’s Batla House Qabristan near Jamia Millia Islamia. Residents of the area claim the cemetery was not secure given that both entrance and exit gates were open 24×7, whereas one side of it was completely open to the Jamia Metro Station and main road. Brigadier Usman was known as ‘Naushera ka Sher’ (the Lion of Naushera),  The Print  reported. He is credited with leading the famous 50 (Independent) Parachute Brigade that recaptured two strategic locations of the Indian Illegally Occupied Jammu and Kashmir - Jhangar and Naudera - in 1948. The celebrated soldier's funeral was attended by then Prime Minister Jawaharlal Nehru, President Dr Rajendra Prasad, Governor General C Rajagopalachari, and many other cabinet ministers, accor...
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Apple loses copyright claims in lawsuit against US security bug startup

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  A federal judge in Florida on Tuesday dismissed Apple’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the iPhone. US District Judge Rodney Smith ruled in favor of Corellium LLC, saying its software emulating the iOS operating system that runs on the iPhone and iPad amounted to “fair use” because it was “transformative” and helped developers find security flaws. Apple accused Corellium of essentially replicating iOS to create “virtual” iOS-operated devices, whose “sole function” was to run unauthorized copies of the system on non-Apple hardware. ADOBE'S CHIEF PRODUCT OFFICER PREDICTS 8 TECH TRENDS OF 2021 But the Fort Lauderdale-based judge said Corellium “adds something new to iOS” by letting users see and halt running processes, take live snapshots, and conduct other operations. “Corellium’s profit motivation does not undermine its fair use defense, particularly considering the p...
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