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Health

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Swiss Re books $476 million of Covid-19 losses in March quarter

A range of factors relating to the pandemic,including future infection and mortality rates;the duration and effects of mitigation measures, including on business activity; the timing of an effective vaccine and/or alternative treatment solutions; legislative or regulatory efforts and the outcome of court and arbitration cases on coverage issues; the impact of government stimulus packages;and the severity and duration of recessionary impacts,may impact claims development in the coming quarters, either positively or negatively,relative to Swiss Re’s projections.

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Siemens to roll out flexible working app for 100,000 staff

Staff worried about COVID-19 infections among fellow workers can also use a contact tracing feature on the app created under a partnership with U.S. software developer Salesforce.

It can also block desks in an area if information is received about a person suspected of having the virus, said Siemens, which already sells the app to external customers.

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Modern nursing homes safer in pandemic; virus level in nose, throat may help guide treatment

Two studies published on Wednesday in the journal Nature add to evidence that the malaria drugs chloroquine and hydroxychloroquine are not helpful against COVID-19. One study found no notable antiviral effect of hydroxychloroquine against COVID-19 in primates. The other found no effect of chloroquine in infected human lung cells in test tubes.

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Chile’s Congress passes pensions bill,president agrees to sign it

Chile’s lower chamber erupted in cheers and clapping after the bill was passed on Thursday, with some chanting “no more AFP” – a reference to the long-running campaign to tear up Chile’s much-mimicked defined contribution Pension Funds Administrators (AFP) system that was introduced during the Augusto Pinochet dictatorship.

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France weighs insurance options to protect companies,jobs from future Pandemics

The goal is to protect companies and jobs from the damage that major events such as pandemics can cause, Finance Minister Bruno Le Maire said in a statement. A working group consisting of lawmakers and industry representatives came up with a range of solutions on developing insurance coverage for such catastrophes, and Le Maire sought public comment on its proposals to inform the government’s work on the issue

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EU makes world’s biggest ‘green recovery’ pledge – but will it hit the mark?

The money represents a 30% share of a mammoth package, comprising a 1.074 trillion euro EU budget for 2021-27 and a 750 billion euro coronavirus recovery fund. Leaders also agreed that even those parts of the overall package not specifically earmarked for climate spending must “do no harm” to the EU’s goal to become climate neutral by 2050.

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ICICI Lombard partners with Phone Pe to offer Hospital Daily Cash benefit

It is a customized hospitalization policy that allows PhonePe users to get an assured amount if they are hospitalized due to injury or illnesses including COVID-19. The biggest benefit of this product is that hospital bills are not required for the claim. A Discharge Certificate would be sufficient in most cases for the claim processing. The cover can be availed in less than 2 minutes as the process is quite simple and customers can view their policy documents instantly on the app.

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Global coronavirus cases exceed 15 million 

The top five countries with the most cases is rounded out by Brazil, India, Russia and South Africa. But, the Reuters tally shows the disease is accelerating the fastest in the Americas, which account for more than half the world’s infections and half its deaths.

Globally, the rate of new infections shows no sign of slowing, according to the Reuters tally, based on official reports.

After the first COVID-19 case was reported in Wuhan, China, in early January, it took about 15 weeks to reach 2 million cases. By contrast, it took just eight days to climb above 15 million from the 13 million reached on July 13.

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