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Wheat price won’t be affected, vegetable needs to be watched out: RBI Governor on heatwave predictions
Shaktikanta Das,Governor,Reserve Bank of India The RBI Governor...
Scientists warn of lethal bird flu pandemic, says could be ‘100 times worse’ than COVID
Around 52 per cent of humans who have contracted H5N1 since 2003...
How lung cancer arises in non-smokers revealed
Lung cancer is the leading cause of cancer-related deaths worldwide. Every year, more than 2 million people around the world are diagnosed with the disease. Environmental risk factors, such as exposure to radon, air pollution, and asbestos, or having had previous lung diseases, may explain some lung cancers among never smokers, but scientists still don’t know what causes the majority of these cancers.
Lloyd’s reports strong H1 2021 results with pre-tax profit of £1.4bn and 92.2% combined ratio
Premium rates increased by 9.9%, continuing the trend of 15 consecutive quarters of positive rate movement.
The combined ratio of 92.2% (HY 2020: 110.4% and 97.0% excluding COVID-19 claims) is a solid improvement with a 4.8 percentage point reduction on the previous year, excluding COVID-19. These results demonstrate the substantial turnaround of Lloyd’s profitability and performance.
Lloyd’s continued to provide significant support to its customers around the world, paying £9.4bn of claims, including to customers impacted by COVID-19 where 80% of the claims notified to date have been paid.
COVID-19 disruption causing many deaths from TB, AIDS in poorest countries, fund says
In a few of the world’s poorest countries, excess deaths from AIDS and tuberculosis (TB) could even exceed those from the coronavirus itself, said the head of the Geneva-based aid body, known as the Global Fund.
Cannot order door-to-door COVID vaccination in this diverse country, or just scrap policy: SC
A bench of Justices D Y Chandrachud, Vikram Nath, and Hima Kohli refused to entertain a plea of a lawyers’ body seeking door-to-door COVID-19 jab for the disabled and people belonging to weaker sections of society, said the vaccination drive is already in progress and over 60 percent of the population has been administered the first dose.
Shared ‘grief and anxiety’ a powerful unifying factor in COVID fight
“Rarely have we been so united against a common challenge. We must build on this shared sense of grief and anxiety, and work together to not only tackle COVID-19 but all other challenges that stand in our path,” he added.
Reinsurance price rise slowing due to strong capital supply and recovering profitability: Fitch
Fitch expects the sector’s combined ratio, normalised for large losses, to improve by 2pp–3pp in 2021 and another 1pp–2pp in 2022 as price increases gradually feed into underwriting margins.
However, price rises are slowing due to strong capital supply and recovering profitability, and we expect risk-adjusted prices to remain largely unchanged in 2022.
India to post strong GDP growth in coming quarters: S&P
”The second wave of the pandemic has been pretty costly to economic activity. Households have been affected …. households are going to be repairing their balance sheets and withholding from spending which means activity will remain below trend once the recovery gets underway”.
India Inc resorted to salary cuts in Q1, will be drag on economic recovery: Report
The “weak” wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said.
An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand. Resuscitating wages will be critical for a revival of the overall economy and Capex cycle, which has been languishing even before the COVID-19 outbreak, it said., it said.
In a world first, Cuba to give Covid jabs to anyone over 2
Several other countries in the world are vaccinating children from the age of 12, and some are conducting trials in younger kids. Countries such as China, the UAE and Venezuela have announced they plan to vaccinate younger children, but Cuba is the first to do so. Chile on Monday approved the Sinovac vaccines for kids between six and 12.
Reinsurance outlook changes to stable as sector raises prices amid economic recovery:Moody’s
Price increases will drive stronger earnings for reinsurers through 2022 amid the post-pandemic economic recovery
Capitalization remains solid with solvency ratios well above regulatory thresholds
Uncertainty over Covid liabilities has diminished although pandemic-related claims continue to affect earnings for some large multiline reinsurers in 2021, driven by higher than expected mortality claims. The pandemic has caused reinsurers to take a more prudent stance towards systemic risk management, including communicable disease, cyber events and climate change.