Among India's top 10 polluted cities in January, two were in Bihar,...
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Asia-Pacific off track on path to SDGs, UN data shows
Among the 17 SDGs, Goal 13 on climate action required most...
1.4 billion children globally lack basic social protection: UNICEF
Strengthen the social protection for parents and caregivers by...
Boeing cuts output of big jets as pandemic hammers sales
The production cuts reflect concern among aviation companies across the board about the pace of the coronavirus recovery. Global airlines warned on Tuesday it would take a year longer than expected for air traffic to return to normal levels, with long-range travel hit harder than short hops.
The outbreak has crippled passenger travel and pushed major airlines to the brink of bankruptcy, resulting in many carriers deferring aircraft deliveries.
Govt choses Edelweiss Financial Services and Deloitte as LIC’s pre-IPO transaction advisors
On June 19, the central government had kickstarted the process of partial divestment of stake in LIC with the finance ministry inviting bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed initial public offer (IPO), that will be largest in the country..
World Bank’s IFC to launch $4 billion medical supply financing platform
The World Health Organization estimates that worldwide demand for critical healthcare products, including masks and ventilators, now exceeds supply by more than $60 billion annually.
Covid-19 fatality rate declining progressively, total recoveries 9.88 lakh:Health Ministry
“Not only has the CFR been kept low, but successful implementation of effective containment strategy, aggressive testing and standardised clinical management protocols based on a holistic standard of care approach have in tandem resulted in a consistent trend of more than 30,000 recoveries per day for the sixth consecutive day,” the health ministry said.
SoftBank-Backed ClimaCell raises funds for weather forecasts
ClimaCell’s forecasting products use past weather history and artificial intelligence to gauge the weather’s impact on businesses. Airline companies had been some of ClimaCell’s key customers, but the slowdown in global travel caused by the coronavirus prompted the startup to pivot this year, Elkabetz said.
Moderna’s vaccine protects monkeys against COVID-19,study finds
This is the first time an experimental COVID-19 vaccine tested in nonhuman primates has been shown to produce such rapid viral control in the upper airway, the researchers noted.
South Korea investigates suspected safety issues with Tesla vehicles
Braking and steering systems including the Autopilot function were part of the investigation, a transport ministry official said on Wednesday.
The U.S. National Transportation Safety Board last year cited driver errors and Tesla’s Autopilot design as the probable cause of a January 2018 crash of a Model S in California.
Insurers walk tightrope of risky corporate credit
Insurers globally invest more than $20 trillion (15.42 trillion pounds), but their investment positions, already perilous from years of falling bond yields, were left with large holes following this year’s coronavirus-linked slide in asset prices.
Indian mortality protection gap hits $16.5 trillion in 2019:Swiss Re study
Swiss Re has suggested that Indian life insurers should provide comprehensive rather than pure life products, bundle life cover with other small premium riders, such as accident, medical reimbursement and long-term care, simplify product design for better consumer understanding, sell or distribute simple bundled products through digital channel and use agent for more complex and expensive policies with savings element.
Hong Kong moves to create regional hub for insurance-linked securities
The Hong Kong government introduced in March the Insurance (Amendment) Bill 2020[here]. The bill provides a regulatory framework for insurers to transfer risk to the capital markets by issuing insurance-linked securities in Hong Kong through special purpose insurers, or SPIs. Special purpose insurers are essentially the same as the dedicated special purpose vehicles that are authorized in other jurisdictions to issue insurance-linked securities, or ILSs.