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US regulator grounds Boeing 737 MAX 9 airplanes indefinitely, cancelling flights until Tuesday
Under more stringent supervision, the regulator will audit the...
1,200 cases of Covid sub-variant JN.1 logged so far, says Insacog
Data compiled by the Indian SARS-CoV-2 Genomics Consortium...
Workplace and supply chain risks from COVID-19 having significant impact on power sector
Graham Knight, Head of Global Natural Resources, Willis Towers Watson, said: “In these unprecedented and uncertain times, the issue of COVID-19 remained uppermost in all our minds as the power industry and their stakeholders begin to analyse the effects on their balance sheets and on their overall risk landscape. Willis Towers Watson is a global leader when it comes to helping power companies address these growing regulatory, investor, employee and operating pressures through improved offerings that combine the analytics, advice and transactional expertise from across the company.”
UK households,locked down in April,cut debts by most on record
The Treasury also said its wage subsidy scheme to soften a surge in unemployment now covered more than 8.7 million jobs and claims had passed 17.5 billion pounds.
A similar scheme for self-employed people had seen 2.5 million claims worth 7.2 billion pounds.
India”s COVID-19 recovery rate improving, fatality rate declining: Health Ministry
While the recovery rate in coronavirus infections is improving and has reached 48.19 per cent in India, there has been steady decline in the case fatality which is now 2.83 per cent, the health ministry said.
India approves emergency use of remdesivir to treat COVID-19 patients
The drug was granted emergency use authorization by the U.S. Food and Drug Administration last month and has received approval by Japanese health regulators. The drug is being administered in some countries under compassionate use rules.
India steps up efforts to curb locust infestation
The government also plans to buy five helicopter-mounted spray systems to curb the fast-spreading swarms by mid-June when monsoon rains help farmers boost rice, cane, corn, cotton and soybean sowing, according to the sources, who are directly involved in formulating plans to tackle the scourge.
Insurers’ business interruption U-turn could lead to significant uptake in product,says GlobalData
Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, said “This is a significant turnaround for the industry, which had up to this point been stating that claims were not valid because of pandemic exclusions.In reality, there was no positive outlook for insurers in this dispute. Paying out will cost millions in claims as businesses around the country have been shut down or severely restricted during lockdown. However, not paying out would also have led to reduced consumer trust, with many business owners likely to avoid taking out any form of business interruption insurance in the future.
India far away from peak, much better positioned in Covid-19 fight than other nations: Govt
“Our Covid-19 fatality rate of 2.82 per cent and amongst the lowest in the world, compared to a global fatality rate of 6.13 per cent. We have been able to achieve this due to timely identification of cases and proper clinical management,” Agarwal said.
Cyclone Nisarga to disrupt India’s Mumbai financial hub
The second cyclone in the country in a fortnight will carry heavy rain and wind speeds as high as 120 kilometers per hour (75 miles). It is seen hitting the coasts of Maharashtra and Gujarat Wednesday afternoon and will be intense enough to damage communication, electricity poles, trees, and plantations, according to the India Meteorological Department.
Google sued by Arizona over ‘Deceptive’ location tracking
The suit filed by Attorney General Mark Brnovich stemmed from an investigation that began after The Associated Press reported on Google’s location tracking in 2018.The suit alleges Google violated the Arizona Consumer Fraud Act and it seeks to claw back profits from the tracking.
“Every company has a responsibility to be truthful to consumers,” Brnovich said. “You can’t deceive them, you can’t make misrepresentations.”
India’s coronavirus infections overtake France amid criticism of lockdown
Criticism has grown in recent days that Prime Minister Narendra Modi’s sudden lockdown of 1.3 billion Indians in March has failed to halt the spread of the disease while destroying the livelihoods of millions of people who depend on daily wages.
Community transmission is well underway among the population, a team of independent experts said, adding this would only get worse as public transport opens.