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Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re
Severe convective storms – storms associated with thunder,...
Shah suggests Odisha to train people to handle chemical, nuclear disasters
Union Home Minister Amit Shah stressed on the adoption of standard...
Fears of second U.S.coronavirus wave rise on worrisome spike in cases, hospitalisations
Total U.S. coronavirus deaths are now over 113,000, by far the most in the world. That figure could exceed 200,000 at some point in September, Ashish Jha, the head of Harvard’s Global Health Institute, told CNN.
Ashish Jha, the head of Harvard’s Global Health Institute, said the United States was the only major country to reopen without getting its case growth to a controlled level – defined as a rate of people testing positive for the coronavirus remaining at 5% or lower for at least 14 days. Nationally, that figure has been between 4% and 7% in recent weeks, according to a Reuters analysis.
Job loss most severe immediate impact of COVID-19: Survey
The preliminary results showed that loss of employment was considered as the most severe immediate impact of the crisis while lower economic growth and rise in inequality were probable long-term impact.
As per the survey, the immediate policy priorities suggested were protection of workers and families, short-term employment creation and income transfers to affected workers.
IMF says $10 trillion spent to combat COVID-19 Pandemic, Far more needed
Investments should focus on improving access to health care and education, strengthening climate protections and broadening the access of low-income households and small business to financial products and technology, IMF Managing Director Kristalina Georgieva wrote.
No coercive action against pvt firms for non-payment of full wages during lockdown: SC
The Ministry of Home Affairs (MHA), in its March 29 circular, had asked all employers to make payment of wages to their workers without any deduction for the period their establishments were under closure during the lockdown to contain COVID-19.
COVID-19 tests may yield false negative if used too early on infected people: Study
A negative test, whether or not a person has symptoms, doesn’t guarantee that they aren’t infected by the virus,” said Lauren Kucirka, a co-author of the study from Johns Hopkins University.
In post-lockdown China, student mental health in focus amid reported jump in suicides
The state-owned Health Times also reported on Sunday that nationwide, 18 students had jumped off buildings in the past three months and quoted experts calling for more focus on student mental health. The article was, however, soon deleted – a common occurrence in China when sensitive topics are raised.
Futures drop on fears of second virus wave, bleak economic view
“The market has been rallying because they’re looking to 2021 and saying we’re going to get past this and then things will get sort of back to normal,” said Sean O’Hara, president of Pacer ETF Distributors in Malvern, Pennsylvania.
“One thing that really could change the trajectory here would be if we have a big bounce in a second wave. That’s the big fear.”
International trade set to shrink 27% in second quarter after April ‘nosedive’, says UNCTAD
“Trade in the automotive and energy sector collapsed while trade in agri-food products has been stable.”
Trade in developing countries appears to have taken a “nosedive” in April, falling faster relative to developed countries, it said. Imports into developing countries fell by 19% in April while their exports shrank by 18%, it said.
Moderna to start final testing stage of coronavirus vaccine in July
Testing the vaccine in older adults with be critical because this group is at higher risk for the most severe effects of the virus, and older adults typically have less efficient immune function. The midstage study is testing the safety and preliminary effectiveness of two doses of the vaccine given 28 days apart.
A world wanting payback pulls insurers into epicenter of crisis
After playing down the virus’s potential impact just a few months ago, insurers have since declared large financial hits and warned of far worse to come. France’s AXA last month estimated that event cancellation claims alone would be in the “mid-triple-digit-million euros” and it was too early to predict the amount for business interruption. Germany’s Allianz said it suffered a 700 million-euro ($794 million) hit from the pandemic in the first quarter.