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Eco/Invest/Demography

Covid-19: India’s flimsy antigen testing regime ‘like flipping a coin’

With one of the world’s fastest-growing epidemics but also one of the lowest testing rates, India in late June started to use quick antigen tests to ramp up detection. But the tests, which can report false negatives as much 50 per cent of the time, threaten to obscure the true picture of its outbreak, further challenging containment efforts.

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Sweden set to become world’s first cashless society: GlobalData

Ravi Sharma, Retail Banking Analyst GlobalData’s, comments: “Contactless payments in Sweden is already growing at a faster pace, with Swedes increasingly making contactless payments in shops, restaurants and cafes. As a result of the pandemic, its usage is expected to become even more popular. The growing acceptance of contactless payments will support the adoption and use of NFC-enabled mobile wallet solutions, such as Apple Pay and Google Pay.”

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Some Delhi hospitals seeing COVID re-emergence in recovered patients

“There can be a relapse. The virus can be isolated from the body particularly from the sputum. We have the evidence that after ninth or tenth day the virus becomes non-infectious and the patients are not tested again,” he said.

“However, the virus has been reported to be living in patients who have recovered around 39 to 40 days back,” he added.

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US pharma cos protected from COVID vaccine liability

Pandemic-related claims for vaccines will be routed to a rarely used USA federal program set up to encourage drugmakers to help combat public health emergencies. It spares pharmaceutical and device makers from costly liability lawsuits in exchange for taxpayers compensating injured patients — though it doesn’t guarantee there’s funding to do so.“We want people vaccinated and we don’t want to expose pharmaceutical companies to the kind of liability that they would otherwise have,” said Brent Johnson, a partner with Holland & Hart, who defends corporate clients. “That’s the price we’re willing to pay to get rid of this horrible coronavirus problem.”

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Lebanon’s insurance claims from Beirut port blast total $425 million, so far

Caretaker Economy Minister Raoul Nehme said 2,500 claims have been filed, according to the presidency’s Twitter account. The ministry expects claims to reach 10,000

Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say.

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