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Fitch downgrades Sri Lanka’s sovereign rating to ‘CC’

Fitch downgrades Sri Lanka’s sovereign rating to ‘CC’

by AIP Online Bureau | Dec 18, 2021 | Eco/Invest/Demography, International News, Risk Management

”The downgrade reflects our view of an increased probability of a default event in coming months in light of Sri Lanka’s worsening external liquidity position, underscored by a drop in foreign-exchange reserves set against high external debt payments and...

WHO lists 9th COVID-19 vaccine Covovax for emergency use

by AIP Online Bureau | Dec 18, 2021 | Facts, Pandemic

The vaccine, Covovax, is produced by the Serum Institute of India, under licence from Novavax, and will now be part of the COVAX facility portfolio, boosting efforts to vaccinate more people in lower-income countries. WHO Assistant-Director General for Access to...

Competition Comm suspends approval for Amazon-Future Coupons deal; slaps Rs 202 cr penalty on e-retaile

by AIP Online Bureau | Dec 18, 2021 | Indian News, Policy

The watchdog noted that Amazon had failed to disclose true and complete details of the purpose of the combination, which were required to be given while seeking the approval New Delhi: In a significant development, the Competition Commission on Friday suspended its...

Bajaj Allianz General Insurance launches health product

by AIP Online Bureau | Dec 18, 2021 | Indian News, Non-Life, Technology

Bajaj Allianz General Insurance on Friday launched a new product in its health insurance vertical offering cashless facilities in four key areas — tele-consultation, doctor consultation, investigations, and annual preventive health check-up covers. Called...

CDC advisory prefers Pfizer , Moderna Covid vaccines over J&J shot

by AIP Online Bureau | Dec 17, 2021 | Health, International News, Non-Life, Pandemic, Workplace/Employee Benefits

The CDC’s advisers said Thursday that it was time to recognize a lot has changed since vaccines began rolling out a year ago. More than 200 million Americans are considered fully vaccinated, including about 16 million who got the J&J shot Most Americans...
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