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Coronavirus: Fear of global outbreak mounts as passengers start leaving the quarantined cruise ship
The US Centers for Disease Control and Prevention said the risks were ongoing and Japan’s measures “may not have been sufficient to prevent transmission among individuals on the ship.” It put in place travel restrictions on the passengers and crew on the vessel, adding “there may be additional confirmed cases of Covid-19 among the remaining passengers on board the Diamond Princess.”
12 Chinese insurers co-launch coverage for businesses hit by Coronavirus
The six-month insurance, co-launched by 12 leading insurers including PICC, China Pacific Insurance Co., and Ping An Insurance Group, provides cover for production losses, wages paid to employees in quarantine and fees incurred due to the suspension of operations as a result of the epidemic, according to the notice.
AIA Singapore offers free COVID-19 coverage for its 1.4 million customers, employees and tied representatives
This special coverage includes a lump sum pay-out of S$1,000 for hospitalisation and covers death due to the coronavirus disease
Coronavirus could hamper $2.24 billion in Indian solar projects: Crisil
Nearly three-gigawatts of solar projects auctioned between July and August 2018 could be at risk of penalties for missing a July 2020 deadline for completion as the virus disrupts their supplies, Crisil Ratings said, without naming individual projects.
Paracetamol prices jump 40% in India as coronavirus epidemic shuts down China
Prices of paracetamol, the most commonly used analgesic, have jumped by 40% in India, while the cost of azithromycin, an antibiotic used for treating a variety of bacterial infections, has risen by 70%, said Pankaj R. Patel, chairman of Zydus Cadila. The pharma industry could face shortages in finished drug formulations starting April if supplies aren’t restored by the first week of next month,
Chinese province launches insurance for businesses hit by coronavirus
“There are lingering concerns that the resumption of business operations will lead to more cases of coronavirus infection, and cause production to come to a standstill due to the quarantine policies,” according to the notice.
Climate change could make premiums unaffordable: QBE Insurance
-The insurer said it has started to adjust its catastrophe models to factor in the expected impacts of climate change until 2100, and would assess the impact on its weather-related exposures from emissions and temperatures.
-In the short-term, QBE would manage higher claims by considering event frequency and severity in its capital planning and will deploy a comprehensive catastrophe reinsurance program, it said.
Coronavirus: China tries 3,000-year-old traditional remedy to treat patients
Treatment in Wuhan hospitals combine Traditional Chinese Medicine, popularly known as TCM, and western medicines, said Wang Hesheng, the new health commission head in Hubei, the province at the center of the virus outbreak. He said TCM was applied on more than half of confirmed cases in Hubei.
Association of stock brokers ANMI to mobilise 10 mn investors for LIC IPO
“It would be our endeavour to mobilise 10 million investors for LIC’s IPO and unlock the true potential of India’s crown jewel, akin the Saudi Aramco in the Middle East and Apple’s listing in the US,” Association of National Exchanges Members of India (ANMI) President Vijay Bhushan said.
Capital mkts can play crucial role in achieving $5 trillion economy: Thakur
“We welcome suggestions with regard to various aspects of compliance reforms so that there is ease of access of FDI in Indian capital market. I compliment Sebi, the exchanges and the board of ANMI for working on the compliance review report, which will definitely help in enhancing the ease of doing business in India,” the minister said.