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Flood condition worsens in Assam, landlsides in Arunachal
Assam State Disaster Management Authority said that at present 1413...
Climate Resiliency: Insurers need to fundamentally change business models
World Property and Casualty Insurance Report 2022: research...
Seoul worst hit as Asia markets plunge on virus worries
“While the coronavirus is probably slowing in China, it is speeding up elsewhere,” Charles Gillams, at RJMG Asset Management, said. “Its impact on Chinese business is already deep. So, whether that has a one economic quarter impact — of some severity — or is a bigger issue remains unclear and indeed we won’t know for while.”
Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow
The White House said more than $1 billion of the requested virus budget would go toward developing a vaccine, while other funds would be used for therapeutics and the stockpiling of personal protective equipment such as masks.
Robust surveillance stalled coronavirus: Health minister Harsh Vardhan
As part of the Centre’s efforts to management of Novel Coronavirus (COVID19), 21,805 passengers have been brought under community surveillance. In addition, 3,97,152 flight passengers and 9,695 travellers at sea ports have been screened.
Coronavirus on G20 agenda as China reports uptick in cases
Japan and Singapore are on the brink of recession and South Korea on Friday said its exports to China slumped in the first 20 days of February, with the outbreak upending global supply chains.
Coronavirus scare may erase $29 bn from global airlines’ revenue, says IATA
“These are challenging times for the global air transport industry. Stopping the spread of the virus is the top priority,” said Alexandre de Juniac, IATA’s Director General and CEO. “This will be a very tough year for airlines.” Analysts at Cowen, a US investment bank and financial services company, noted IATA might be underestimating the impact on Asia travel outside of China, noting the recent reports of dozens of cases in South Korea.
China’s Ping An Insurance says Coronavirus outbreak could hit business
-Ping An’s comments on the virus were included in its annual results, where the company reported a 39% increase in annual net profit on the strength of its retail business, but missed expectations.
-The coronavirus outbreak in China has caused widespread disruption to businesses and factory production, raising worries about the country’s economic outlook as growth is expected to slow sharply in the first quarter.
World Bank Pandemic Bond losing value, facing criticism as Coronavirus spreads
In the case of a coronavirus outbreak for the Class B notes, this is 84 days from when the World Health Organization (WHO) publishes its first “situation report.” In the current outbreak, that would be in mid-April.
Coronavirus outbreak to have limited impact on India, says RBI Governor
“Most of the large pharma companies, according to information that we have, always keep stock for three-four months. So, therefore, they should be able to manage and also those provinces from where these pharma intermediates are sourced have not been impacted by the virus outbreak. Therefore, there is an expectation that the supply of pharma raw materials will be maintained,”RBI Governor Shaktikanta Das said.
Coronavirus: Fear of global outbreak mounts as passengers start leaving the quarantined cruise ship
The US Centers for Disease Control and Prevention said the risks were ongoing and Japan’s measures “may not have been sufficient to prevent transmission among individuals on the ship.” It put in place travel restrictions on the passengers and crew on the vessel, adding “there may be additional confirmed cases of Covid-19 among the remaining passengers on board the Diamond Princess.”
12 Chinese insurers co-launch coverage for businesses hit by Coronavirus
The six-month insurance, co-launched by 12 leading insurers including PICC, China Pacific Insurance Co., and Ping An Insurance Group, provides cover for production losses, wages paid to employees in quarantine and fees incurred due to the suspension of operations as a result of the epidemic, according to the notice.