Preliminary data for the first three months of 2024 show almost...
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Takeaways from the Swiss women’s climate victory
This is the first time a regional human rights court has ruled that...
Super election year increases risks of political violence in many countries, warns Allianz
As unrest can now spread more quickly and widely, thanks in part to...
Swiss Re joins global coalition to better predict & prevent outbreak and pandemics, to harness data and analytics
The Trinity Challenge aims to develop ideas and tools for tackling the three stages of infectious disease emergencies – identification, response and recovery.
By becoming a member of The Trinity Challenge, Swiss Re is joining leaders across the academic, non-profit and private sectors including Google, Microsoft and Facebook, GlaxoSmithKline, McKinsey & Company, the Gates Foundation, the University of Cambridge and Imperial College London.
Peak Re raises $250 million of capital, to boost reinsurance capacity
Commenting on the transaction, Franz Josef Hahn, Chief Executive Officer of Peak Re, said, “The transaction marks a significant milestone for Peak Re. The Securities will enable the company to diversify its capital structure, and bring additional capacity to the reinsurance market from international investors. Our business has shown resilience to the current pandemic, and with the hardening of the reinsurance market, the new capital will enable Peak Re to capture the growth opportunity ahead.”
India’s high use of antigen tests risks underestimating COVID-19 spread, says diagnostician
As a consequence of the reduced accuracy, India’s high use of antigen tests compared with a global use of around 10%, risked underestimating the spread of coronavirus, according to Arokiaswamy Velumani, founder of Thyrocare Technologies Ltd, one of India’s top-three diagnostic chains.
India”s COVID-19 caseload crosses 80 lakh
he Union Health Ministry data updated at Wednesday 8 am showed a single-day increase of 43,893 infections, taking the country”s COVID-19 tally of cases to 79,90,322, while the death toll climbed to 1,20,010 with 508 people succumbing to the disease during the same period.
Novartis upbeat as drugmakers see hospitals coping with COVID
ZURICH: Novartis joined rivals Merck, Johnson & Johnson and Roche in predicting the worst of the pandemic may be over for drugmakers, amid signs healthcare systems have learned how to cope with surging infections without shutting down all services. The Swiss...
As demand picks steam in Sep, Indian economy’s animal spirits soar
Economists, including those at the Reserve Bank of India, attributed the recovery to pent-up demand after a strict lockdown imposed in March to contain the coronavirus outbreak hit the consumption of goods and services. While inventory re-stocking will underpin business activity in the coming months, the improvement might still not be enough to prevent Asia’s third-largest economy from contracting in the financial year to March 2021.
Govt to bring new law to curb air pollution in Delhi-NCR
The new law will be only for Delhi and NCR. It will come out soon. I cannot comment on what penalties it will entail. It is a new law to curb pollution in Delhi NCR region only. Air Act is for the nation and it will be as it is, Environment Secretary, R P Gupta, told PTI.
Cadila scouts partners to ramp up Covid vaccine production by 50 to 70 mn
The Ahmedabad-based firm is looking to hire contract manufacturers for an additional 50 million to 70 million doses of its plasmid DNA vaccine, on top of the 100 million that will come from its own capacity, according to Managing Director Sharvil Patel. He declined to name the companies and the amount Cadila has invested in developing the vaccine.
“We’re just waiting for phase II to push that part of the process,” Patel, the 42-year-old, third-generation head of family-owned Cadila, said
After over 3 months, less than 40k COVID cases reported in single day across country: Govt data
A total of 72,01,070 people have recuperated from COVID-19 so far, pushing the?national recovery rate to 90.62 per cent while the case fatality rate stands at 1.50 per cent.
The number of active cases of coronavirus infection has remained below 7 lakh for five days in a row
There are 6,25,857 active cases of coronavirus infection in the country as on date which comprises 7.88 per cent of the total caseload,the data stated.
AIG to separate Life & Retirement business
”Peter S. Zaffino, AIG’s President & Global Chief Operating Officer, and CEO-elect, stated, “Across AIG, we have made significant progress executing on our strategy to deliver value for our clients, distribution partners, shareholders and other stakeholders. Our businesses can be further strengthened by separating Life & Retirement from AIG, which we believe will enable each entity to achieve a more appropriate and sustainable valuation.”