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Australian banks may have to rethink mortgages in risk areas -NAB
Ross McEwan, chief executive officer of National Australia Bank Ltd...
U.S. Treasury proposes a new rule to collect data on climate-related risks from P&C insurers
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Coronavirus Pandemic: World Bank approves $1-bn emergency fund for India
“In India, $1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards,” the World Bank said after its Board of Executive Directors approved the first set of emergency support operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 response.
Aarogya Setu: All you need to know about govt’s Covid-19 tracker app
It calculates the user’s risk of infection based on recency and proximity of COVID-19 patient.”We understand the nature and sensitivity of the topic and have taken strong measures to ensure that your data is not compromised. Your data will be shared only with the Government of India. The app does not allow your name and number to be disclosed to the public at large at any time,” said the app.
For 90% workers in India’s informal economy, there’s no shelter from COVID-19
From Southeast Asia to South America, the world’s 2 billion informal workers are suffering some of the earliest and most devastating effects of the coronavirus and social distancing. Yet public aid packages have so far been largely directed at formal businesses and employees. If governments like India’s want to manage Covid-19 and its economic fallout, they’ll need to act quickly to secure the health and safety of their informal workforces.Roughly 60% of the world’s working population is employed in informal enterprises. In emerging markets, such work often constitutes the bulk of economic output, including production, distribution and sales.
China is concealing extent of coronavirus outbreak, says US intel repo
China isn’t the only country with suspect public reporting. Western officials have pointed to Iran, Russia, Indonesia and especially North Korea, which has not reported a single case of the disease, as probable under-counts. Others including Saudi Arabia and Egypt may also be playing down their numbers.
Pandemic fears curb stocks as markets wait on U.S. jobs test next
White House medical advisers now forecast that even if Americans follow unprecedented stay-at-home orders, some 100,000 to 240,000 people could die from the respiratory disease.
EU states step in where trade credit insurers fear to tread
Without insurance, companies can be reluctant to buy or sell goods or services to others, with a rise in insolvencies expected among European firms forced to halt operations due to lockdowns aimed at slowing the coronavirus pandemic’s spread.
Atradius, which like rivals Coface and Euler Hermes sells protection to companies against the risk of default by their customers, forecasts a 2.1% rise in insolvencies in western Europe this year, compared with a 0.2% fall in 2019.
Coronavirus: Keep a check on your behavioural changes during Covid-19 pandemic
One needs to cope up with the stress to make yourself and the people you care about stronger. Each individual reacts differently to a stressful situation. Besides these virus fear, there are various other factors that can lead to stress. Dr Anju Sharma, psychiatrist and founder of the Musical Healing Band named “Sound of Infinity”, shares few things to keep in mind while spending time with your loved ones.
Caronaviris Pandemic : Recession for world economy; India, China likely exceptions: UN
“Even so, the world economy will go into recession this year with a predicted loss of global income in trillions of dollars. This will spell serious trouble for developing countries, with the likely exception of China and the possible exception of India,” the UNCTAD said.
China delays college entrance exam as fears grow over risk of coronavirus second wave
Last week, a study in British medical journal the Lancet Public Health recommended that China extend school and workplace closures, since an earlier relaxation of curbs could bring a second peak in the outbreak by August.
Trump says coronavirus guidelines may get tougher; 1 million Americans tested
President Donald Trump said on Monday that federal social distancing guidelines might be toughened and travel restrictions with China and Europe would stay in place as he urged Americans to help fight the coronavirus with tough measures through April.Trump, speaking to reporters at the White House, said more than 1 million Americans had been tested for the coronavirus, which he called a milestone.