If India experiences a quake of magnitude 8, it would be felt in...
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New Zealand needs to rebuild for weather resilience, PM says
Prime Minister Chris Hipkins said there had been a nine-fold...
Chile readies major earthquake insurance with World Bank
“The insurance would allow Chile to receive pre-established...
Covid-19:SAARC nations unveil emergency stimulus packages
The Bangladesh Garments Manufacturers and Exporters Association has said that orders worth about USD 3.2 billion were cancelled or suspended, affecting over 2.3 million workers. The textile sector, a major forex earner, directly employs more than 4.5 million people, mostly women.
Sanofi says Coronavirus vaccine question Isn’t when, but how much
Sanofi is working with rival GlaxoSmithKline Plc to develop a vaccine against the new coronavirus, racing against other pharma giants such as Johnson & Johnson as well as nimbler biotechs such as Moderna Inc. Most of them aim to deliver a shot sometime next year.
COVID-19 death toll rises to 824, cases climb to 26,496: Health Ministry
The death toll increased by 45 and the number of cases has gone up by 1,554 since the ministry last updated its data on Saturday evening,
Prime Minister Narendra Modi exhorted people to shun complacency on the assumption that the pandemic will not affect them as it has so far not spread to areas they work or live in, saying “we have to continue being careful and taking the right precautions”. Addressing his monthly ‘Mann ki Baat’ programme, he also said that India’s fight against the novel coronavirus has become people-driven wherein every citizen is playing his or her part
‘No move to reduce retirement age of govt employees’: MoS Jitendra Singh
Earlier, the Union Finance Ministry decided to not roll out any increment in the dearness allowance (DA) for its 1.13 crore government employees and pensioners’ at current levels in view of the coronavirus crisis which has put the economy under stress. The hold on DA hike will remain till July 2021.
More coronaviruses looming large: Words of caution from China’s ‘bat woman’
What is worrying is that China is not the only “hot spot” from where such a future outbreak could originate, said the report, adding that other major emerging economies, such as India, Nigeria and Brazil, are also at high risk.
Airlines to suffer USD11.2 billion revenue loss, 2.9 million jobs at risk: IATA
Conrad Clifford, IATA’s Regional Vice President for Asia-Pacific.identified India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Sri Lanka and Thailand as priority countries that need to take action. In India, passenger demand in 2020 is estimated to fall by 47 per cent to 89.7 million.
Covid-19 Pandemic:U.S. death toll tops 51,000, Britain nears grim milestone of 20,000
The death toll from COVID-19 in hospitals across the United Kingdom increased on Friday by 684 in 24 hours to 19,506.Passing the 20,000 mark will be an uncomfortable moment for the government, whose Chief Scientific Adviser Patrick Vallance said on March 17 that keeping the toll under that number would be “a good outcome in terms of where we would hope to get.”
Covid-19 Pandemic:Insurers feel the heat as chefs, Trump join calls for payouts,insured losses to touch $30-60 bn
Insurers’ protests may be futile. Eight U.S. states have introduced legislation which would require insurers to pay claims, mainly to small businesses, despite exclusions. Many of the bills would let insurers seek reimbursement from the states.
COVID-19 death toll rises to 775, cases climb to 24,506, Govt allows all local shops to open
Meanwhile,in a reprieve to public at large, the government on Friday night allowed opening of neighbourhood and standalone shops, including those located in residential complexes within municipal areas, but at a 50 per cent strength and after taking necessary precautions.
Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA
“Overall, we estimate that the present 90 per cent collapse in air traffic puts around 6.7 million jobs at risk and could lead to a negative GDP impact of 452 billion dollars across Europe. This equates to an additional 1.1 million jobs and 74 billion dollars in GDP over the March estimates of 5.6 million jobs and 378 billion dollars,” said the latest IATA analysis.