The White House said in April that the upper range of climate...
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France battles ‘monster’ wildfire near Bordeaux for third day
France is in the grip of its worst drought on record, with a fourth...
River Godavari crosses first danger level in AP, 5 districts face flood threat
''We have issued the first warning signal at Dowaleswaram. We have...
India’s $476 billion forex firepower can help arrest rupee’s panic drop
Citibank on Wednesday said the rupee appeared to have over-reacted to confirmation of the new virus cases and it recommends buying bullish rupee exposure via options. India’s link to the global supply chain is limited and the current-account deficit may narrow due to the virus’ impact on economic activity and lower commodity prices, strategist Gaurav Garg wrote in a note.
Parametric insurance could offer hotels relief from Coronavirus cancellations
The new hotel product is led by Tokyo Marine Kiln (TMK) and underwritten by Chaucer, Munich Re Syndicate, Beazley, Faraday and AXIS.
Coronavirus may force companies to rethink global supply chains: OECD Economist
The sprawling, continent-crossing supply chains of corporations have already come under pressure from trade tensions and climate concerns, and may face further stress as countries change global taxation rules. If and when the dust settles from the coronavirus, OECD’s chief economist Laurence Boone said firms will likely pause to reconsider what they do.
What if you can’t afford to fight Coronavirus?
Nearly three-quarters of all deaths from infectious disease in 2016 happened in sub-Saharan Africa, South Asia and Southeast Asia. While just 5% of Europeans die from infections, the rate in Africa is more than 40%.(2) Conditions such as HIV, diarrhea and malaria have seen precipitous declines south of the Sahara in recent years, but diseases of the nose, throat and lungs like influenza remain far more prevalent. After cardiovascular and neonatal conditions, respiratory infections are now the leading cause of death in Africa.
Confirmed coronavirus cases rise to 28,includes 16 Italian tourists: Harsh Vardhan
Of the total number of coronavirus cases, 6 are from Agra, 1 in Delhi, 16 Italians and their Indian driver, 1 in Telangana and 3 in Kerala. The patients in Agra are relatives of a Delhi-based man who tested positive for disease.
Fed cuts rates to blunt coronavirus impact, markets drop
Fed Chair Jerome Powell reiterated his view that the U.S. economy remains strong, but said the spread of the virus had caused a material change in the U.S. central bank’s outlook for growth.
IRDAI asks insurers to design covers to pay for Caronavirus treatment
Europe ‘panicking’ over India’s pharmaceutical export curbs: Industry group
The government’s list of 26 active pharmaceutical ingredients (APIs) and medicines accounts for 10% of all Indian pharmaceutical exports and includes several antibiotics, such as tinidazole and erythromycin, the hormone progesterone and Vitamin B12.
Coronavirus outbreak: World Bank announces up to $12 bn in immediate funds
Meanwhile, negotiators in the U.S. House of Representatives and Senate neared a deal on Wednesday on a multi-billion-dollar emergency bill to battle the coronavirus as they narrowed differences over the cost of potential vaccines, congressional aides said.
China’s economic slump over Coronavirus to cut global exports by $50 bn: UN
The study pointed out that China’s role as a central manufacturing hub for many global businesses meant that “any disruption of China’s output is expected to have repercussions elsewhere through regional and global value chains.”