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Only 27% of $194 bln economic losses from global natural disasters insured in 1H2023: Aon
Turkey and Syria earthquakes drive nearly half of economic losses...
Swiss Re structures Blackstone’s first indemnity catastrophe bond
The transaction is Blackstone's first indemnity catastrophe bond...
Cyclonic storm over Arbian Sea to reach Maha & Gujarat next week: IMD
The weather bureau said that the sea condition will be very rough and advised fishermen not to venture into the sea till June 4. It has forecast heavy to very heavy rainfall over south coastal Maharashtra for June 2-4, on north coast on June 2-3 and in Gujarat, Daman and Diu and Dadar and Nagar Haveli on June 3-5.
Herd immunity as Covid-19 strategy risky, countries must make timely interventions: CSIR DG
“Herd immunity, typically works when 60-70 per cent population of a country has been affected and it’s too large a risk to take for any nation. What one would do is to take intervention before so that the infection does not spread,” he told PTI in an interview.
Indian states rush to identify high-risk zones to remain in lockdown
In its guidelines, ‘Mission Begin Again’, issued on Sunday, Maharashtra departed from the Centre’s guidelines. CM Uddhav Thackeray said the state needed to tread cautiously now that monsoon was round the corner. It said intra-district bus services can operate, but inter-district bus operations will remain restricted.
Restrictions will remain in force in containment zones and the municipal corporation areas of Mumbai Metropolitan Region, Pune, Nagpur and Aurangabad. In phase 1 of the easing starting June 3, individuals in these areas will be allowed to exercise in open public spaces including beaches, playgrounds, gardens and promenades between 5 am and 7 pm.
28% of 40,184 Covid-19 cases in India till April 30 asymptomatic:Study
Healthcare workers constituted about 5.2 per cent of the total infected, according to the study published in the Indian Journal of Medical Research (IJMR) on Friday evening.
US terminating relationship with WHO; takes steps against China
Chinese officials ignored their reporting obligations to the World Health Organization and pressured the World Health Organization to mislead the world when the virus was first discovered by Chinese authorities. Countless lives have been taken, and profound economic hardship has been inflicted all around the globe, US President Donald Trump said.
Stating that the funding of the WHO would now be diverted to other global public health organisations, Trump announced a series of decisions against China including issuing proclamation to deny entry to certain Chinese nationals and tightening of regulations against Chinese investments in America.
Trump also announced that the US will end special treatment of Hong Kong in response to Chinese imposition of new controls.
He said that the US will revise its travel advisory to warn of surveillance in Hong Kong.
AXA agrees to pay Covid-19 Business Interruption claims to French restaurants after court ruling
Stephane Manigold, the owner of four Paris restaurants who brought the case against the French insurer, told Reuters that since the court decision his team had received calls from Britain, South Africa, Spain and the United States asking for details of his contract and the court’s ruling.“This decision in Paris has a global resonance,” he said.
Fed’s Powell fears second coronavirus wave, reiterates crisis-fighting pledge
WASHINGTON: Federal Reserve Chair Jerome Powell on Friday said a potential surge in U.S. coronavirus infections could derail the recovery from the deep downturn triggered by the pandemic, even as he reiterated the central bank’s vow to keep fighting the crisis....
Lloyd’s of London considers part-virtual underwriting room
Underwriters and brokers say the market, which employs nearly 50,000 people, has run smoothly with greater use of existing electronic systems and they are in no hurry to return to the office.
‘Unlock 1’:Hotels, malls to open from Jun 8; lockdown in containment zones till Jun 30
The death toll due to COVID-19 rose to 4,971 and the number of cases climbed to 1,73,763 in the country registering a record single-day spike of 265 deaths and 7,964 cases till Saturday 8 am, according to the Union health ministry.
Religious places of worship for public, hotels, restaurants, shopping malls and other hospitality services will be opened from June 8, the guidelines stated.
Lockdown could be extended by another 15 days, positive sign for Metro, malls, restaurants in exit plans
Addressing the media, he said, “I spoke to HM Shah on phone and I feel lockdown may be extended for 15 more days. However, we demand that there should be some relaxations – restaurants should be allowed with social distancing at 50 per cent capacity. Many people also want gyms to resume.”