More than 400 natural catastrophes caused $313 billion of damage...
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Wary of cyclone, Odisha gears up for calamity
IMD said the state government was informed that there was no...
Joshimath still to see enough long-term measures to address land subsidence, say experts
An environment expert, requesting anonymity, said satellite data...
Global temperatures in Apr warmest on Record: European Climate Group
Temperatures well above the historical average also were found in Siberia, the Alaskan coast, the Arctic Ocean, Mexico, western Australia and parts of Greenland and Antarctica. Canada and some parts of southern and south-eastern Asia were cooler than usual.
Coronavirus pandemic:April US jobs data to show epic losses and soaring unemployment
Companies are still cutting jobs in the midst of a severe downturn, with the economy possibly shrinking at an unheard-of 40% annual rate in the April-June quarter. GE Aviation said it is cutting up to 13,000 jobs. Uber will shed 3,700 positions. Amy Egert, a dental hygienist in Severn, Maryland, was laid off in mid-March. She was told she could return a month later, but she’s still waiting and it’s unclear when she will able to go back. She monitors Maryland statistics on coronavirus cases in hopes that the figures will show enough of a downward trend for her to work again.
Coronavirus pandemic:ICMR approves 21 institutions to conduct clinical trials of plasma therapy
Convalescent plasma therapy is at an experimental procedure for COVID-19 patients. As per the guidelines, hospitals and institutions planning to provide this modality of treatment should do so in a clinical trial with protocols that are cleared by the Institutional Ethics Committee, the ICMR had said earlier while seeking participation in the trial.
Bank of England holds off on fresh stimulus, sees worst slump in 300 years
The BoE said it’s Monetary Policy Committee kept Bank Rate at its all-time low of 0.1 per cent and left its target for bond-buying, most of it British government debt, at 645 billion pounds ($797 billion).
The BoE said it expected a 25 per cent plunge in British gross domestic product in the April-June period with the unemployment rate more than doubling to 9 per cent.
UN appeals for $6.7 billion to fight virus in poor countries
“The specter of multiple famines looms. World Food Program Executive Director David Beasley said the U.N. food agency helps nearly 100 million people on any given day and unless we can keep those essential operations going, the health pandemic will soon be followed by a hunger pandemic.
President Xi warns against complacency as China downgrades COVID-19 risk levels in all regions
Addressing the meeting on Thursday, Xi said the spread of the virus overseas has not been effectively curbed yet and cluster cases were reported in a few areas in China, posing considerable uncertainty to the epidemic control.
India to roll out COVID-19 app for Reliance’s JioPhone in bid to widen use
Within a week, a version of the the Aarogya Setu (Health Bridge) app will be rolled out to more than 100 million users of the $9 JioPhone – a cheap, internet-enabled feature phone that runs on a mobile operating system named KaiOS, a senior government official told Reuters.
Munich Re expects Coronavirus-Related claims in excess of $1 Billion during 2020
Finance chief Christoph Jurecka said, however, he would be “very surprised” if the company failed to post a profit in 2020.“Uncertainty is extremely high,” he told journalists by telephone. “No one knows how this pandemic will develop.”
RMS unveils high definition models for European severe convective storm
“The multi-peril stochastic set includes over 7.5 million events, covering 17 countries, based on 50,000 years of simulations, so that we appropriately capture the spatial and temporal scale of convective storm risk in the European modelling domain,” said Mohsen Rahnama, chief risk modeling officer, RMS, said.
Recent events have shown the potential cost of this peril for the re/insurance industry, said RMS, noting that from 2013 to 2019, losses from major and attritional severe convective storms in Europe exceeded €12 billion (US$13 billion),said RMS in a statement.
“Businesses need to restart facilities with care and caution after coronavirus lockdown”:AGCS
“Restoring operations at a facility that was once idle or vacant presents another set of loss prevention challenges, particularly to manufacturing plants with hazardous equipment or processes,” explains Stephen Clark, Global Technical & Expertise Manager for Property Risk Consulting at AGCS.