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Cyclone Asani weakens as it approaches Andhra coast
According to the weather office, the cyclone could damage thatched...
Cyclone Asani: Several flights delayed, cancelled due to bad weather
Visakhapatnam: The India Meteorological Department (IMD) on Tuesday...
Insurers rush to exclude Coronavirus epidemic from event-cancellation protection
“As things stand at the moment, you would struggle to get coronavirus cover for any event, until we know where we are with this virus,” said Rebecca Mitchell, contingency underwriter at ArgoGlobal.
Coronavirus leads companies with supply chain disruptions to invoke ‘Force Majeure’
-Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting their obligations.
-The underlying event must be unforeseeable and not the result of actions undertaken by the party invoking force majeure. Natural disasters, strikes, and terrorist attacks can all be force majeure events.
-Declaring force majeure may allow a party to a contract to avoid liability for nonperformance.
Coronavirus emergency ‘holds a very grave threat’ for world: WHO
“With 99% of cases in China, this remains very much an emergency for that country, but one that holds a very grave threat for the rest of the world,” he told more than 400 researchers and national authorities, including some taking part by video conference from mainland China and Taiwan.
Robot with coronavirus advice hits Times Square
“We understand how this problem is important, how people are nervous, people are afraid of this. But if they understand a few, simple things, for example, what symptoms coronavirus has, what they should do to prevent (it), everything will be fine and everyone will be happy.”
Coronavirus: Scientists develop realtime interactive map to scan global spread
“It is a global issue, and that’s the perspective users can gain from the map. The numbers on display are important, too, because there are more recoveries than deaths,”
Coronavirus adds risk to India’s nascent recovery: Krishnamurthy Subramanian
The virus epidemic is seen curbing growth in China and the global economy, which will weigh on India’s outlook at a time when the government is forecasting a rebound. Asia’s third-largest economy will likely expand at 6%-6.5% in the year beginning April, an improvement from an estimated 5% this year, Subramanian wrote in a report last month.
WHO warns overseas coronavirus spread may be ‘tip of the iceberg
“There’ve been some concerning instances of onward 2019nCoV spread from people with no travel history to China. The detection of a small number of cases may indicate more widespread transmission in other countries; in short, we may only be seeing the tip of the iceberg,” tweeted Ghebreyesus, Director-General of the WHO.
Thai insurer offers first Coronavirus Insurance Policy
“The outbreak is raising awareness among Thais about the need for health insurance,” Unchalin said in a phone interview. “The revenue from the new policy is unlikely to be material, but our main goal to calm the public’s fears during this coronavirus crisis.”
Novel coronavirus case numbers are now stabilising: WHO
International community launches a $675 mn preparedness and response plan to fight coronavirus
“My biggest worry is that there are countries today who do not have the systems in place to detect people who have contracted with the virus, even if it were to emerge,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General.
“Urgent support is needed to bolster weak health systems to detect, diagnose and care for people with the virus, to prevent further human to human transmission and protect health workers.”