Later, talking to journalists, Sarma said since Assam's flood has...
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Amarnath Cloudburst: Casualties rise to 10, Amit Shah takes stock of situation
According to the Indo-Tibetan Border Police (ITBP) officials, the...
Heat stress rising in India, heat waves second biggest killer among natural forces
Data from the National Crime Records Bureau (NCRB) that also...
US expands its reinsurance program,transfers $400 mn in flood risk to capital markets
As part of the agreement, FEMA will pay $50.28 million in premiums for the first year of reinsurance coverage. Additionally, the agreement will cover 3.33 percent of losses for any single flood event with losses between $6 and $9 billion, and 30 percent if that same flood event has losses that rise to $9 to $10 billion.
WHO warns of pandemic risk after coronavirus peaks in China
The situation is worsening in other countries, with more than 2,000 cases and 30 deaths reported abroad, prompting a raft of restrictions on travellers from infected nations.
Coronavirus fears drive up credit risk for Gulf crude exporters
The United Arab Emirates on Tuesday suspended all flights to and from Iran due to the spread of the coronavirus in the Islamic republic, while Kuwait, Bahrain and Oman reported their first cases this week.
Dow plunges over 800 points as coronavirus cases spike outside China
On Monday, fears that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries across the globe spooked most equity markets. The virus, which has killed 2,442 people in China, has reportedly spread to 28...
Seoul worst hit as Asia markets plunge on virus worries
“While the coronavirus is probably slowing in China, it is speeding up elsewhere,” Charles Gillams, at RJMG Asset Management, said. “Its impact on Chinese business is already deep. So, whether that has a one economic quarter impact — of some severity — or is a bigger issue remains unclear and indeed we won’t know for while.”
Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow
The White House said more than $1 billion of the requested virus budget would go toward developing a vaccine, while other funds would be used for therapeutics and the stockpiling of personal protective equipment such as masks.
Robust surveillance stalled coronavirus: Health minister Harsh Vardhan
As part of the Centre’s efforts to management of Novel Coronavirus (COVID19), 21,805 passengers have been brought under community surveillance. In addition, 3,97,152 flight passengers and 9,695 travellers at sea ports have been screened.
Coronavirus on G20 agenda as China reports uptick in cases
Japan and Singapore are on the brink of recession and South Korea on Friday said its exports to China slumped in the first 20 days of February, with the outbreak upending global supply chains.
Coronavirus scare may erase $29 bn from global airlines’ revenue, says IATA
“These are challenging times for the global air transport industry. Stopping the spread of the virus is the top priority,” said Alexandre de Juniac, IATA’s Director General and CEO. “This will be a very tough year for airlines.” Analysts at Cowen, a US investment bank and financial services company, noted IATA might be underestimating the impact on Asia travel outside of China, noting the recent reports of dozens of cases in South Korea.
China’s Ping An Insurance says Coronavirus outbreak could hit business
-Ping An’s comments on the virus were included in its annual results, where the company reported a 39% increase in annual net profit on the strength of its retail business, but missed expectations.
-The coronavirus outbreak in China has caused widespread disruption to businesses and factory production, raising worries about the country’s economic outlook as growth is expected to slow sharply in the first quarter.