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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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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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India to relax travel curbs despite virus crisis

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  NEW DELHI: India on Thursday announced it will start easing international travel restrictions, despite the country’s daily coronavirus case count still being well over 50,000. As part of a “graded relaxation” plan, the government said borders will be opened to “more categories of foreign nationals and Indian nationals who wish to enter or leave India.” The decision came on a day when 55,839 more infections and 702 deaths took India’s overall tally past 7.7 million, including 116,616 fatalities. The world’s second worst-hit country, however, has seen a steady decline in daily cases over recent days, and a government panel declared a few days earlier that India likely crossed its transmission peak last month. “It has been decided to permit all OCI [Overseas Citizenship of India) and PIO [Persons of Indian Origin) cardholders and all other foreign nationals intending to visit India for any purpose, except on a Tourist Visa, to enter by air or water routes through authorised airports...
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