Globally, rising temperatures and land-use change are projected to...
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APAC sees economic loss of $ 80 billion and $11 billion insured claims out of catastrophes and natural disasters in 2022
George Attard, chief executive officer, Reinsurance Solutions, Asia...
Global protection gap reaches a new high of $1.8 trillion in 2022
`We see the world economy today as in need of a sustained reload in...
Lancet study finds no benefit for hydroxychloroquine in Covid-19 patients
The scientists said these drugs should not be used to treat Covid-19 patients outside of clinical trials until results from randomised clinical trials are available to confirm their safety and efficacy for Covid-19 patients.
French court orders AXA to pay restaurant’s COVID-19 Business Interruption Losses;AXA to appeal
The court said that the administrative decision to close the restaurant qualified for insurance cover as a business interruption loss.
“This means that all companies with the same clause can appeal to their insurers,” Anais Sauvagnac, lawyer of Stephane Manigold, who owns four restaurants in Paris, said.
RBI slashes repo rate by 40 bps,says GDP growth in negative territory in 2020-21
The RBI also extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.
Maha fixes price cap on pvt hospitals treating COVID-19 cases
Non-government health care providers in Maharashtra have been asked to accommodate maximum number of patients with 80 per cent of the operational bed capacity to be regulated by rates sanctioned by the government.
COVID-19 death toll climbs to 3,583 in India
The number of active COVID-19 cases stood at 66,330, while 48,533 people have recovered and one patient has migrated, it said.
One check-in bag to fare control: Govt issues guidelines for domestic flight operations from May 25
It said passengers will have to report at airport two hours prior to their flight’s scheduled departure time and only those who have done web check-in will be allowed to enter the terminal building.
Only 50 pc Indians comfortable about returning to office:Survey
Brazil and Spain (48 per cent) were among the countries that are most uncomfortable with returning to workplace, according to Ipsos Global Survey.
72 dead in Bengal, have never seen such devastation: Mamata appeals to PM
The chief minister also announced a compensation of Rs 2 lakh to Rs 2.5 lakh for the family members of each of the deceased.
“So far as per the reports we have received, 72 people have died in the state due to Cyclone Amphan. Two districts North and South 24 Parganas are completely devastated. We have to rebuild those districts from scratch. I would urge the Central government to extend all help to the state,” West Bengal Chief Minister Mamata Banerjee said after conducting a review meeting with officials.
Corporate revenues drop over 25% during lockdown; normalcy may take over 1 year to return: Survey
Nearly 67 percent of top bosses, business owners and founders surveyed said that company revenues have already declined by more than 25 percent during the lockdown.
Further, all respondents believe that business will return to normal only by 2021, while 22 percent business leaders expect it to take more than a year, from when the lockdown ends.
India records 0.2 COVID-19 deaths per lakh population as against global figure of 4.1
Among the countries with high COVID-19 casualties, the US with 87,180 fatalities has 26.6 deaths per lakh population. The UK has reported 34,636 deaths and has approximately 52.1 deaths per lakh population, it said.