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COP27 ends with historic decision on damage fund, little progress on other issues
“The countries fell short of agreeing to a phasedown of all fossil...
Historic compensation fund approved at UN climate talks
The decision establishes a fund for what negotiators call loss and...
Insurers worry about D&O claims against executives from Coronavirus
While many classes of insurance, such as business interruption and event cancellation, exclude epidemics, D&O insurance usually provides cover and brokers said this could be a rare avenue for companies to recoup costs triggered by the pandemic.
Global coronavirus cases surpass one million, death toll 52,000
The United States had the most confirmed cases of any country, more than 240,000, the data showed.Since the virus was first recorded in China late last year, the pandemic has spread around the world, prompting governments to close businesses, ground airlines and order hundreds of millions of people to stay at home to try to slow the contagion.
Caronavirus Pandemic:Nationwide lockdown to cost Indian economy $4.64 bn every day: Acuite Ratings
Sankar Chakraborti, CEO, Acuite Ratings & Research, said: “Acuite Ratings estimates that every single day of the nation-wide lockdown will cost the Indian economy almost USD 4.64 billion. Consequently, the 21-day lockdown will result in a loss of GDP of almost USD 98 billion.”
In such a lockdown scenario, the sectors that are most severely impacted are transport, hotel, restaurant, and real estate activities.
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.