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Asia monitoring new UK strain, no flights cancelled yet

The new strain in Britain comes as cases have surged recently in several Asian countries that successfully contained the pandemic earlier this year. The spikes in cases have prompted localised lockdowns in some countries and more aggressive testing.
Much is unknown about the strain, but experts said current vaccines should still be effective against it. No Asian country has reported the new strain.

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Australia detects new UK strain, Hong Kong cancels Britain flights

The new strain has prompted Britain’s European neighbours and several others including Canada and Iran to close their doors to travellers from the country.

Much is unknown about the strain, but experts said current vaccines should still be effective against it.

Asian nations including Japan and South Korea said they were monitoring the new strain even as they battle a spike in infections at home.

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Sensex crashes by 1,407 points as European markets open weaker

The NSE Nifty 50 index ended 3.14% lower at 13,328.40, wiping out six straight sessions of gains up to Friday. The benchmark S&P BSE Sensex fell 3% to 45,553.96.

European shares opened lower at 0800 GMT as investors worried about the economic impact of a new coronavirus strain which has seen several European countries shut their borders to the UK.

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3 times increase in number of people using online consultations in India:Report

Visits to secondary care specialists like neurosurgeon, somnologist, cardiologist, and oncologist grew dramatically● 3x increase in the number of people using online consultations

○ 26% of the consultations were with GPs, followed by Dermatology (20%) and Gynecology (16%) and others like Gastroenterology, ENT, and Pediatrics stood at 7% each

○ The fastest-growing health concerns included ophthalmology, ENT, orthopedics, pediatrics, and gastroenterology ○ Delhi, Mumbai, and Chennai saw an average of 16x growth in queries for ENT specialization. Non-metros saw the highest growth of 7x in online consultations, as compared to the same period in the previous year

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Indian Pharma majors rush to buy covers for developing Covid-19 solutions

The policy provides cover for legal liability arising out of lack of care or negligence resulting in injury or death of the subject participating in the trial,
 ’Raheja QBE General insurance, has issued 119 `Clinical Trial Liability Insurance’, policies including 53 covers exclusively for developing Covid 19 remedies from April till November 2020.
“Clinical trial premium is more expensive than other liability products. We have taken reinsurance support for this policy;; said Atul Sahay, CMD, New India Assurance..
, ICICI Lombard General Insurance is now getting ready to provide transit cover for transporting Covid -19 vaccine in India, said Sanjay Datta, Chief – Underwriting, Claims, Reinsurance and Actuarial.

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Global stocks, sterling unsettled as new virus strain shuts UK

Analysts at BofA noted a huge $46.4 billion flowed into equities in the latest week, while the outflow from cash was the largest in four months. There were record flows into tech shares and large flows to the consumer sector, healthcare, financials, real estate and value stocks.

BofA chief investment strategist Michael Hartnett said a “sell signal” had been triggered for the first time since February as cash levels declined to 4.0% in the latest Global Fund Manager Survey.

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