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At flooded cancer hospital in northeast India, chemotherapy given on the road outside
Located in the Barak valley in Assam state, the 150-bed Cachar...
Govt implementing disaster mitigation project to reduce sufferings in cyclone-hit states: Shah
Amit Shah,Union Home Minister ''In order to reduce the sufferings...
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.
Coronavirus vaccine won’t be ready for a year, says US govt
The first vaccine trials were expected to begin in about two months and it would take a further three months to determine safety and efficacy which means the fastest possible time frame would still be upwards of 6-8 months before a breakthrough, Dr. Anthony S. Fauci, Director, National Institute of Allergy and Infectious Diseases, said at the White House briefing, with Trump looking on.
Facebook bans ads with false claims about new virus
For instance, ads for face masks that claim the products are 100% guaranteed to prevent the spread of the virus are not allowed, the company said.
Virus-hit stocks shed $3 trillion; safe havens thrive
-In the United States, Microsoft became the second trillion-dollar company to warn about its results after Apple. X. Its Frankfurt-listed shares were down 4%.
-Global equities have now fallen for six straight days. Wall Street’s so-called fear gauge was near its late 2018 highs.
U.S. spy agencies monitor coronavirus spread, concerns about India – sources
While there are only a few known cases in India, one source said the country’s available countermeasures and the potential for the virus to spread given India’s dense population was a focus of serious concern.
Sensex drops over 1100 pts as Coronavirus pandemic fears grow
On a net basis, foreign institutional investors sold equities worth Rs 3,336.60 crore, while domestic institutional investors bought shares worth Rs 2,785.67 crore on Wednesday, data available with stock exchanges showed.
Sensex, Nifty fall for fifth day as pandemic fears unnerve investors
Most new virus cases are now being reported outside China – the origin of the outbreak – with South Korea, Italy and Iran emerging as new epicentres. U.S. officials on Wednesday warned Americans to prepare for more virus cases.
Coronavirus could wipe out $1 trn of global GDP
Oxford Economics Ltd. reckons an international health crisis could be enough to wipe more than $1 trillion from global gross domestic product. That would be the economic price tag for a spike in workplace absenteeism, lower productivity, sliding travel, disrupted supply chains and reduced trade and investment.