Hardeep Singh Puri, Minister of Petroleum & Natural Gas and...
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US imposes sanctions on Russia’s leading tanker group Sovcomflot – Treasury Dept website
The Treasury Department also sanctioned 14 crude oil tankers...
Zurich Insurance to buy 70% stake in Kotak General insurance upfront in amended deal
Under the original deal, announced in November last year, Zurich...
Directors’ liability insurance rates surge on virus litigation fears
Premiums for directors’ liability insurance, known as D&O, in Britain rose by more than 100%, while in the United States, rates for public companies were up by 59%, Marsh said in a quarterly commercial insurance survey.D&O insurance protects company directors and executives against litigation costs.
Jonathan Turner, CEO for speciality insurance at broker Gallagher, said D&O rates for public companies seen as particularly exposed to COVID-19 legal claims had risen by as much as 2,000%.
Mauritius seeks compensation after vessel blackens beaches
More than half of about 1,000 tons of fuel that leaked from the MV Wakashio has yet to be removed from the sea and coast. About 1,020 tons of oil has been transfered from the big ship to small tankers, and crews are working to remove more than 1,500 tons that still remains, Nagashiki Shipping, which owns the vessel, said on Tuesday.
Plea in SC seeks commission for inquiry into mismanagement of COVID-19 pandemic
The petition has alleged that the Centre failed to undertake timely and effective measures for containing transmission of the virus and an independent inquiry by a commission, appointed under the Commissions of Inquiry Act 1952, was essential to inquire into the “lapses”.
COVID-19: SC seeks response from Centre on plea to ban disinfection tunnels
“In the guise of preventing COVID-19 many sanitisation and disinfection devices have emerged which wrongfully claim to be effective in preventing the spread of this virus.”These include disinfection tunnels involving spraying and fumigation of disinfectants and disinfection tunnels exposing human beings to ultra violet rays with a belief of disinfecting them,” a PIL filed by law student Gursimran Singh Narula pleaded
China’s Shenzhen says chicken imported from Brazil tests positive for coronavirus
Experts say that while the SARS-CoV-2 virus is capable of infiltrating food or food packaging materials, it cannot reproduce and cannot survive at room temperature for long.
However, Li Fengqin, who heads a microbiology lab at the China National Center for Food Safety Risk Assessment told reporters in June that contaminated food put in cold storage could be a potential source of transmission.
Last doctor standing: Pandemic pushes Indian hospital to brink
Interviews with dozens of staff, patients and relatives at the hospital paint a picture of conditions that might shock those accustomed to images of hermetically sealed ICUs during the pandemic, with relatives not even allowed to touch their dying loved ones.
They tell of a chronic shortage of manpower and resources such as blood and medicines. All 37 beds in the ICU are occupied; on the floor next to one of the beds, a relative sits on a brightly colored blanket he has brought from home, a water bottle by his side.
Google turns Android phones into earthquake sensors; California to get alerts
eismology experts consulted by Google said turning smartphones into mini-seismographs marked a major advancement, despite the inevitably of erroneous alerts from a work in progress, and the reliance on a private company’s algorithms for public safety. More than 2.5 billion devices, including some tablets, run Google’s Android operating system.
“We are on a path to delivering earthquake alerts wherever there are smartphones,” said Richard Allen, director of University of California Berkeley’s seismological lab and visiting faculty at Google over the last year.
AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources
The French insurer is working with an adviser on the potential sale, the people said, asking not to be identified because the matter is private. The Singapore unit, which offers life and property and casualty insurance, could draw interest from rivals seeking to expand in Southeast Asia, the people said. It generated 615 million euros ($723 million) of revenue in 2019, according to AXA’s annual report.
Jobless youth risk lifelong ‘scarring’ from pandemic – ILO
“The COVID-19 pandemic has a systematic, deep and disproportionate impact on young people,” Sangheon Lee, director of ILO’s employment policy department, told a news briefing.
Evidence from previous crises suggests young people who lack access to job opportunities when entering the labour market face ongoing consequences throughout their working lives, he said. “That is what we call ‘scarring effects’.”
Young women and youths in low-income countries are among the hardest hit, he said.
Air passengers awaiting return to normalcy, leisure travel: Survey
Devised to understand passenger sentiments – their apprehension and expectation towards air travel during this unprecedented period, the survey displayed a change in the purpose of travel for passengers, with business travel gaining momentum, it said.