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Coronavirus infects Asia stocks with exposure to China

“We don’t know how long it will go,” said Peter Costello, chairman of Australia’s $115 billion sovereign wealth fund, the Future Fund, in a media briefing to coincide with a regular portfolio update.

“Obviously we hope that the measures that have been taken now will contain the virus but it’s still far too early. It will have an obvious negative effect on the Australian economy and indeed beyond,” added Costello, a former Australian treasurer.

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Global economic losses from natural disasters top $232 bn in 2019, as the costliest decade on record comes to a close:AON

From a climate perspective, 2019 was the second warmest year on record for land and ocean temperatures since 1851. Notably, record temperatures of 46.0°C were seen in France and 42.6°C in Germany, while the January to May period was the wettest on record in the United States, with 15.71 inches (399 millimeters) of rainfall.

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Top Indian industrialists join hands to fight climate change

Since 1980, nearly 60,000 suicides in India are attributed to warming temperatures, accounting for almost seven percent of the national upward trend in suicide rates.There has been a 150 per cent rise in air pollution-related deaths over the past 20 years and in 2017 alone, India saw 1.2 million deaths due to air pollution.India suffered an economic loss of $37 billion due to climate change in 2018, of which losses due to floods amounted to US $2.8 billion.

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China’s mysterious respiratory virus spreads to health workers, different countries

“The risk from this virus causing pandemonium has increased because it is spreading from different countries, and we are now seeing that it can be more easily transmitted from person to person,” said Sanjaya Senanayake, associate professor of medicine at the Australian National University. In comparison with SARS, he said, “the one good factor, I guess, at the moment seems to be the low mortality rate.”

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