The Houthi conflict's disruption of the Red Sea shipping lanes...
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774 fresh Covid cases in India,active cases stands at 4,187
Two deaths -- one each from Tamil Nadu and Gujarat -- were reported...
World Bank raises GBP 1.5 billion in 5-year sustainable development bond
According to the World Bank, this Sustainable Development Bond aims...
Bank of England holds off on fresh stimulus, sees worst slump in 300 years
The BoE said it’s Monetary Policy Committee kept Bank Rate at its all-time low of 0.1 per cent and left its target for bond-buying, most of it British government debt, at 645 billion pounds ($797 billion).
The BoE said it expected a 25 per cent plunge in British gross domestic product in the April-June period with the unemployment rate more than doubling to 9 per cent.
UN appeals for $6.7 billion to fight virus in poor countries
“The specter of multiple famines looms. World Food Program Executive Director David Beasley said the U.N. food agency helps nearly 100 million people on any given day and unless we can keep those essential operations going, the health pandemic will soon be followed by a hunger pandemic.
President Xi warns against complacency as China downgrades COVID-19 risk levels in all regions
Addressing the meeting on Thursday, Xi said the spread of the virus overseas has not been effectively curbed yet and cluster cases were reported in a few areas in China, posing considerable uncertainty to the epidemic control.
India to roll out COVID-19 app for Reliance’s JioPhone in bid to widen use
Within a week, a version of the the Aarogya Setu (Health Bridge) app will be rolled out to more than 100 million users of the $9 JioPhone – a cheap, internet-enabled feature phone that runs on a mobile operating system named KaiOS, a senior government official told Reuters.
Munich Re expects Coronavirus-Related claims in excess of $1 Billion during 2020
Finance chief Christoph Jurecka said, however, he would be “very surprised” if the company failed to post a profit in 2020.“Uncertainty is extremely high,” he told journalists by telephone. “No one knows how this pandemic will develop.”
Forced payouts of Pandemic claims risk insurers’ financial stability: Regulators
Disputes over cover for businesses struggling to stay afloat during coronavirus lockdowns have erupted in countries including Britain and the United States, where eight states have brought in laws which would require insurers to pay claims, mainly to small businesses, despite exclusions.
Where pandemic risks are covered by a policy, insurers should pay out such claims in a prompt and efficient manner, the International Association of Insurance Supervisors (IAIS) said, while cautioning “against initiatives seeking to require insurers to retroactively cover COVID-19 related losses.”
“Businesses need to restart facilities with care and caution after coronavirus lockdown”:AGCS
“Restoring operations at a facility that was once idle or vacant presents another set of loss prevention challenges, particularly to manufacturing plants with hazardous equipment or processes,” explains Stephen Clark, Global Technical & Expertise Manager for Property Risk Consulting at AGCS.
Gilead in talks to expand global supply of COVID-19 drug remdesivir
Gilead also said on Tuesday it was negotiating long-term licenses with several generic drugmakers in India and Pakistan to produce remdesivir for developing countries and that it would provide technology to aid the production.
‘No security breach in Aarogya Setu App’: Govt assures after ethical hacker raises privacy concerns
The app fetches users’ location and stores on the server in a secure, encrypted, anonymised manner – at the time of registration, at the time of self assessment, when users submit their contact tracing data voluntary through the app or when it fetches the contact tracing data of users after they have turned COVID-19 positive, it said.
Israel isolates coronavirus antibody in ‘significant breakthrough’:Minister
The “monoclonal neutralising antibody” developed at the Israel Institute for Biological Research (IIBR) “can neutralise it (the disease-causing coronavirus) inside carriers’ bodies,” Defence Minister Naftali Bennett said in a statement.