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China’s population drops for 2nd year, raises long-term growth concerns
The National Bureau of Statistics said the total number of people...
Climate change may claim 14.5 mn lives by 2050: WEF
Flooding alone is estimated to cause 8.5 million deaths by 2050,...
Moderna to start final testing stage of coronavirus vaccine in July
Testing the vaccine in older adults with be critical because this group is at higher risk for the most severe effects of the virus, and older adults typically have less efficient immune function. The midstage study is testing the safety and preliminary effectiveness of two doses of the vaccine given 28 days apart.
A world wanting payback pulls insurers into epicenter of crisis
After playing down the virus’s potential impact just a few months ago, insurers have since declared large financial hits and warned of far worse to come. France’s AXA last month estimated that event cancellation claims alone would be in the “mid-triple-digit-million euros” and it was too early to predict the amount for business interruption. Germany’s Allianz said it suffered a 700 million-euro ($794 million) hit from the pandemic in the first quarter.
COVID-19: India is not in community transmission stage, says ICMR
A large proportion of the population is still susceptible and risk is higher in urban areas (1.09 times) and urban slums (1.89 times) than rural areas, Indian Council of Medical Research (ICMR) Director General Balram Bhargava
5.5 lakh COVID-19 cases in Delhi by July 31 possible, community transmission is on: scientists
“The model that I used for India found that there could be around 8-10 lakh cases in India by mid or end of July. So it won’t be surprising to get to those figures (5.5 lakh) in Delhi,” said Samit Bhattacharya, mathematics professor and researcher at the School of Natural Sciences at Shiv Nadar University.
Global food emergency imminent; 49 mn may fall into extreme poverty: UN
“There is more than enough food in the world to feed our population of 7.8 billion people. But, today, more than 820 million people are hungry. And some 144 million children under the age of five are stunted — more than one in five children worldwide. Our food systems are failing, and the Covid-19 pandemic is making things worse,” the UN chief said in his video message for the launch of UN policy brief on the impact of Covid-19 on food security and nutrition on Tuesday, Xinhua news agency reported.
Aon’s partners with GK8 for providing insurable digital-asset storage tech
“We have worked hard to demonstrate the validity of GK8’s solution to insurers so that the company’s clients can benefit from pre-negotiated insurance coverage to protect the digital assets in their care, custody, or control,” says Tom Davis, Client Director of Aon UK Ltd.
Asia braces for insolvency storm amid COVID-19 fallout
In India and Singapore where credit sales fell, overdue invoices still surged by 69% and 29% respectively. India’s decline in credit use might even be the result of its dramatic rise in overdues.Andreas Tesch, Chief Market Officer of Atradius, said:
French govt to probe its own COVID-19 response
“The government is accountable to parliament. If parliament thinks (the outbreak) has been handled badly, then it must challenge the government’s response,” Justice Minister Nicole Belloubet told RTL radio.Belloubet was speaking after Paris prosecutors opened a preliminary inquiry into government actions to determine whether any criminal offences may have been committed.
DIFC strengthens its position as region’s reinsurance Hub
During the last 16 years, DIFC has emerged as the leading reinsurance hub in MEASA region. It is now home to more than 100 registered insurance, reinsurance, captive firms and insurance-related entities serving the market, including three of the top five global insurance companies. The Centre has attracted world-renowned global companies including Munich Re, Lloyd’s, Berkshire Hathaway Specialty, RGA, Korean Re, AIG, Zurich, Marsh, and AON.
S&P Retains India’s Sovereign Rating at ‘BBB-‘ With a Stable Outlook
“The stable outlook reflects our expectation that India’s economy will recover following the containment of COVID-19 pandemic and the country will maintain its sound net external position,” S&P said while affirming India’s rating at ‘BBB-‘ and maintaining a stable outlook.