Moreover, automated weather and rain gauge stations will be set up...
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Govt wants adoption of Property/Parametric covers to mitigate financial losses due to natural catastrophes
Vivek Joshi, Secretary, Department of Financial Services (DFS), for...
Cat bond market is defying the global selloff with record returns
Big reinsurers like Swiss Re and Munich Re, as well as some...
Coronavirus bringing record $1 trillion of new global corporate debt in 2020 – report
“COVID has changed everything,” said Seth Meyer, a portfolio manager at Janus Henderson, the firm that compiled the analysis for a new corporate debt index. “Now it is about conserving capital and building a fortified balance sheet”.
Biocon secures approval to use drug on coronavirus patients
“The randomised control trial indicated that all the patients treated with Itolizumab responded positively and recovered,” said Kiran Mazumdar-Shaw, the firm’s executive chairperson.
The control group which did not receive Itolizumab unfortunately suffered deaths, she said, adding that the “first-in-class” drug will save lives and help reduce the mortality rate in India.
HC asks Centre to treat as representation plea for disaster management agency in NCR
“In order to bring about uniformity in the COVID-response, it is imperative that the respondents (Centre and governments of Delhi, UP, Haryana and Rajasthan) designate the National Capital Region Planning Board (NCRPB) or any authority, consisting of executive members from all the concerned states and union territory, as the single nodal agency, to carry out disaster management tasks in the NCR region in a uniform manner,” the petition had said.
India’s COVID-19 tally reaches 8.2 lakh with 27,114 new cases, death toll climbs to 22,123
While the total coronavirus caseload surged to 8,20,916 on Saturday, there were 2,83,407 active cases and 5,15,385 recoveries. The total number of confirmed cases include foreigners
“Thus, around 62.78 per cent of patients have recovered so far,” an official said
Floods, landslides kill 23 in Nepal, dozens missing
In the southern plains bordering India, the Koshi river, which causes deadly floods in the eastern Indian state of Bihar almost every year, was flowing above the danger level, police said.
Landslides and flash floods are common occurrence in mountainous Nepal during the June-September monsoon every year.
Pandemic exposes scientific rift over proving when germs are airborne
WHO still insists on more definitive proof that the novel coronavirus, which causes the respiratory disease COVID-19, can be transmitted through the air, a trait that would put it on par with measles and tuberculosis and require even more stringent measures to contain its spread.
Covid-19 left 147 mn unemployed, global consumption loss at $3.8 trn: Study
“Our study highlights the interconnected nature of international supply chains, with observable global spillover effects across a range of industry sectors, such as manufacturing, tourism and transport,” said study researcher Arunima Malik from the University of Sydney in Australia.
Gilead analysis shows remdesivir reduced coronavirus death risk, more studies needed
Findings from the analysis showed that 74.4% of remdesivir-treated patients recovered by Day 14 versus 59.0% of patients receiving standard of care, the company said.
The mortality rate for patients treated with remdesivir in the analysis was 7.6% at Day 14, compared with 12.5% among patients not on remdesivir.
Relying on market forces for Covid-19 drugs would prolong the deadly pandemic:Bill Gates
With hundreds of vaccine projects under way and governments in Europe and the United States investing billions of dollars in research, trials and manufacturing, there is concern that richer nations could scoop up promising medicines against the new coronavirus, leaving developing countries empty-handed.
The European Commission and the World Health Organization have warned of an unhealthy competition in the scramble for a medicine seen as key to saving lives and resolving economic chaos sowed by virus, while some officials in Washington have indicated they would seek to prioritize U.S residents.
Pandemic-proofing: Insurance may never be the same again
Marsh, the world’s biggest insurance broker, has teamed up with AXA XL, part of France’s AXA,and data firm Arity, which is part of Allstate, to help businesses such as U.S. supermarket chains, restaurants and e-commerce retailers cope with the challenges of social distancing.
Tech firm Machine Cover, for example, aims to offer policies next year that would give relief during lockdowns. Using apps and other data sources, the Boston-based company measures traffic levels around businesses such as restaurants, department stores, hairdressers and car dealers