Incidentally, the seismic activities became more visible soon after...
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Flooding affects 7.2mn people in Bangladesh: UN
According to the statement, the Bangladeshi government has...
Australian flood: Insurers receive 8,415 claims for almost $100 million
There are 84 per cent property, 14 per cent motor and two per cent...
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.
Hong Kong to give big cash handouts as economy reels from virus
Last week Hong Kong’s government announced an HK$30 billion relief fund for those hit hardest by the virus outbreak, including cash handouts for businesses like restaurants and travel companies.
Markets are overreacting to threat of Coronavirus: Allianz CEO Baete
“There’s a lot of panic at that moment that’s not warranted,” said Baete. “Short-term economic activity will contract and it will have an impact on global GDP, but it’s not like the world will end tomorrow.”
Climate Risk:Singapore prepares itself with $72B Defense Plan
The idea is to make sure each generation contributes a fair share, without burdening future generations, said a spokesperson from the Ministry of Environment and Water Resources. With no hinterland to retreat to, Singapore has no choice but to invest long term to meet the impacts of climate change, the spokesperson said.
Global recession likely if coronavirus becomes pandemic: Moody’s Analytics
“COVID-19 is battering the global economy in numerous ways. Chinese business travel and tourism has all but stopped; global airlines are not going to China and cruise lines are cancelling most Asia-Pacific itineraries. This is a huge problem for major travel destinations, including in the US, where some 3 million Chinese tourists visit each year,” Moody’s Analytics said.