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Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as...
At flooded cancer hospital in northeast India, chemotherapy given on the road outside
Located in the Barak valley in Assam state, the 150-bed Cachar...
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.
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.