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Biden bill to help millions escape higher health care costs
The sweeping climate, tax and health care bill sets aside USD 70...
“Impossible”, says Dolo 650 manufacturer on allegations of its Rs 1000 crore marketing budget
The Central Board for Direct Taxes has accused makers of the...
Mayhem on D-Street wipes off investor wealth worth over Rs 8 trillion
The equity selloff intensified after the World Health Organization (WHO), late Wednesday night, termed the the new coronavirus outbreak as a pandemic, and expressed deep concern over the “alarming levels of inaction”.
Coronavirus case count touches 73 in India
While the Union ministry maintained that there are two confirmed cases of the infection in Maharashtra, the state health officials put the number to seven.Rajasthan, Telangana, Tamil Nadu, Jammu and Kashmir and Punjab have reported one case each, the ministry said, adding Kerala has till now reported 17 cases, including the three patients who were discharged last month following recovery.
Insurers face big investment losses, Trade Credit claims from Coronavirus crisis
Coface chief executive Xavier Durand told analysts two weeks ago that hotels and airlines in Asia would feel the worst impact, while Euler Hermes saw coronavirus costing $320 billion of trade losses every quarter this year.
Couple suing Princess Cruise Line over Coronavirus claims improper screening
“Defendant Princess chose to place profits over the safety of its passengers, crew and general public in continuing to operate business as usual, despite their knowledge of the actual risk of injury to plaintiffs, who are elderly with underlying medical conditions,” the complaint said.
U.N. urges Iran to free political prisoners temporarily amid coronavirus
Iran’s judiciary chief said on Monday authorities had temporarily freed about 70,000 prisoners to help limit the spread of coronavirus as officials reported hundreds of new infections and dozens more deaths across the country.
Vehicle production may be critically hampered due to coronavirus outbreak: SIAM
“Manufacturers are exploring alternatives to fulfil their supply chain demands but that would also take a substantial amount of time to reach stable production scale as these components would need regulatory testing,” said SIAM President Ranjan Wadhera.
Bank of England cuts rates by 50 bps to 0.25% from 0.75%
German Chancellor Angela Merkel said up to 70% of the population was likely to be infected as the virus spreads around the world in the absence of a cure.
Europe’s auto industry shuts factories, cuts output as virus hits
The disruptions are the latest blow to Europe’s car makers, which are struggling with weak global demand and high costs of meeting the region’s tough emissions targets.
Fed faces headache, taps epidemiologists in hunt for policy clues
About three-fourths of the 50 U.S. states have now reported infections. The slow pace of rolling out kits and testing capabilities means that policymakers will have little concrete evidence about the extent of the U.S. outbreak ahead of next week’s meeting.
“I am talking extensively to epidemiologists and healthcare experts across the country…to try and interpret what we are seeing and what we are likely to see,” Dallas Fed President Robert Kaplan said in Chicago last week.
World Health Organization declares the coronavirus outbreak a global pandemic
“In the past two weeks the number of cases outside China has increased thirteenfold and the number of affected countries has tripled,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus said at a press conference at the organization’s headquarters in Geneva.
“In the days and weeks ahead, we expect to see the number of cases, the number of deaths and the number of affected countries to climb even higher.”