Naveen Patnaik chief minister,,Odisha Citing the huge number of...
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Assam floods: 54 deaths reported so far, over 18 lakh people affected
The flood waters have submerged 43338.39 hectares of cropland in...
5 NDRF units, Army columns, Navy, Coast Guard teams part of BMC plan to tackle monsoon
The civic body had held meetings with officials handling major...
Covid-19: 2 new cases detected in New Delhi and Telengana
The person from Delhi has a travel history from Italy while the one from Telengana has travel hiostory from Dubai.Both the patients are stable and being cloely monitored.
Trump imposes travel restrictions, state of emergency after first coronavirus death in US
Washington governor Governor Jay Inslee today declared a state of emergency in response to new cases of COVID-19, directing state agencies to use all resources necessary to prepare for and respond to the outbreak
Coronavirus fuels recession fears: Worst week for global markets since 2008
“The coronavirus now looks like a pandemic. Markets can cope even if there is big risk as long as we can see the end of the tunnel,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities. “But at the moment, no one can tell how long this will last and how severe it will get.”
Raghurmam Rajan’s advice to govts: Fight virus first, worry about stimulus later
“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.
Coronavirus spread puts densely populated India on high alert
Apart from its sheer size, India is cause for particular worry because of the density of its population: 420 people live on each square kilometer (about 0.4 of a square mile), compared with 148 per square kilometer in China. Places like Mumbai’s Dharavi slum, or even a typical Indian household containing extended families, can facilitate contact with virus-bearing droplets emitted by breathing, talking, coughing or sneezing.
Sensex nosedives 1,448 pts,Investors lose Rs 5.50lakh crore
Even as the Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over fears that the fast-spreading coronavirus outbreak could trigger a global recession.the country’s gross domestic product (GDP) growth in the October-December quarter of 2019 (Q3 of FY20) stood at 4.7 per cent, showed official data released by the Central Statistics Office (CSO) on Friday.
If issues not resolved, Coronavirus will pose challenges to economy in 3 weeks: Sitharaman
On the impact of coronavirus on the economy, Finance Minister Nirmala Sitharaman on Friday said there is no need to immediately press the “panic button”, but admitted that it may get challenging if the issues prolong for another two or three weeks, citing her conversations with the industry players over the last few days.
Coronavirus COVID-19 risk increased to ‘very high’ but containment still possible
WHO chief Tedros Adhanom Ghebreyesus said the risk was being raised to “very high” because of the continued increase in cases and the number of new countries affected in recent days.
Global re/insurers face hefty claims if Coronavirus forces Olympics cancellation
The IOC takes out around $800 million of protection for each Summer Games, which covers most of the roughly $1 billion investment it makes in each host city. Insurance sources estimated it would pay a premium of about 2-3%, giving a bill of up to $24 million to insure the Tokyo event.
-Munich Re board member Torsten Jeworrek said on Friday it was a provider of cancellation insurance for Tokyo, for an amount in the hundreds of millions of euros.
-He would not say whether the figure was more or less than its 250 million euro exposure to the 2018 Winter Olympics or if the policy covered coronavirus, citing confidentiality.
Catastrophe Bond prices signal Coronavirus nearing Pandemic Status
The bonds are structured so that their principal, or face value, is written down following outbreaks of certain diseases named as covered perils.
They were issued to raise funds for the World Bank’s Pandemic Emergency Financing Facility, which sends money to developing countries that need help tackling these diseases. To date, the pandemic securities have not been triggered.