The civic body had held meetings with officials handling major...
Category:
Disaster & Management
Latest
‘NDRF is in constant touch with all state govts to deal with flood situation’
A large area in India is prone to floods in which the Ganga and the...
US P/C insurer capital sufficient to withstand Hurricane Season
Capital strength provides insurers with an ability to withstand...
Chinese province launches insurance for businesses hit by coronavirus
“There are lingering concerns that the resumption of business operations will lead to more cases of coronavirus infection, and cause production to come to a standstill due to the quarantine policies,” according to the notice.
COVID-19 coronavirus:Chinese tourist in France, first such death in Europe
-European Commissioner for Health and Food Safety Stella Kyriakides warned ministers at the event in Brussels that “viruses know no borders”,
-She said coordination within the EU was vital in fighting the virus, including sharing information and cooperation between countries.“We are determined to ensure an effective, coherent EU-level response,” she said, adding: “We need to be united in our response – coherent and coordinated with each other.”
COVID-19 coronavirus:Locking people up to stop virus spread could prompt legal fights
The measures stop well short of the response to the outbreak in China, where the authorities have locked down cities and regions with tens of millions of residents. Still, the moves are unprecedented in recent years for western democracies as governments try to balance the need to protect public health against a desire to uphold individual rights.
Coronavirus: China tries 3,000-year-old traditional remedy to treat patients
Treatment in Wuhan hospitals combine Traditional Chinese Medicine, popularly known as TCM, and western medicines, said Wang Hesheng, the new health commission head in Hubei, the province at the center of the virus outbreak. He said TCM was applied on more than half of confirmed cases in Hubei.
Coronavirus triggers major dislocation in global supply chains
“All the signs are that there has been a major dislocation in global supply chains and commodity trade as well,” said Caroline Bain, chief commodities economist at Capital Economics. For some products “it’s only going to get worse in February data.”
Sitharaman to meet industry bodies to assess coronavirus impact
-Several sectors, specially electronics, mobile and textiles, are expected to be hit due to supply restraints in China in the wake of the coronavirus epidemic.
–The virus outbreak in China has claimed nearly 1,500 lives and infected over 60,000. The deadly virus has spread to many countries, including India.
China cleans, locks away banknotes to stop virus spread
The virus, which has infected more than 66,000 people in China,killed over 1500 people and spread to more than two dozen other countries, has sparked a rush to disinfect public places and minimise contact between people.
Coronavirus epidemic could infect two-thirds of World’s population: WHO Scientist
Longini’s modeling is based on data showing that each infected person normally transmits the disease to two to three other people. A lack of rapid tests and the relative mildness of the infection in some people also makes it difficult to track its spread, he said.
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.