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After losing a company to COVID, owners seek the next gig

It’s not known how many small businesses have failed in the pandemic, but different estimates all show devastation. Based on a projection last spring by the National Bureau of Economic Research, the number is likely well into the hundreds of thousands. Data from the work scheduling software company UKG shows that about one in six small businesses have closed their doors since the pandemic began. And the National Restaurant Association, a trade group, said 17% of U.S. restaurants, or more than 110,000, had permanently shut by Dec. 1; it’s likely that many were small or mid-sized businesses.

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WHO agrees compensation fund for serious COVAX vaccine side effects

The programme, which the WHO said was the first and only vaccine injury compensation mechanism operating on an international scale, will offer eligible people “a fast, fair, robust and transparent process”, the WHO said in a statement.

“By providing a no-fault lump-sum compensation in full and final settlement of any claims, the COVAX programme aims to significantly reduce the need for recourse to the law courts, a potentially lengthy and costly process,” the statement said.

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Manmade debris poses threat to space operations:Hiscox

From an insurance perspective, the growth in space debris makes launching new satellites and rockets riskier. It could mean that we require space operators to take additional measures such as having propulsion onboard satellites, so they can change height to avoid collisions and de-orbit when they become obsolete,” said Pascal Lecointe, Space Line underwriter at Hiscox said.

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Israeli Insurtech reaches $1 Billion Valuation

Founded in 2001, Earnix helps its customers provide personalized rates and products using artificial intelligence and analytics. The startup will use the new funds to grow internationally, develop new products and support deals, it said in a statement Sunday.
Israeli startups overall raised a record $1.44 billion in January, with a half-dozen firms announcing funding rounds of at least $100 million, according to a report from Start-Up Nation Central, a non-profit organization that tracks Israel’s tech industry.

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Over 200 million vaccine doses administered globally

More broadly, 92 percent of doses worldwide have been given in countries classified by the World Bank as “high-income” or “upper-middle income”, accounting for around half of the global population.    

Among the 29 countries the institution ranks as “low-income”, only Guinea and Rwanda have begun vaccinating.

Israel is far ahead of any other country worldwide with almost half its population having received at least one vaccine dose.    

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