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International News

Coronavirus spurred changes to global workforce to be permanent

The International Labour Organization (ILO) has estimated that the impact of huge job losses worldwide is creating a fiscal gap that threatens to increase inequality between richer and poorer countries.

The ILO estimated that global labour income declined by 10.7 per cent, or $3.5 trillion, in the first three quarters of 2020, compared with the same period in 2019, excluding government income support.

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China, Vietnam shown there is way of dealing with pandemic even in absence of vaccine: IMF

“I think China, but not only China, but other countries in Asia, look, for example, at Vietnam, have shown that there’s a way of dealing with a pandemic even in the absence of a vaccine, that will allow the economy to get back, at least close to normal operating capacity by learning how to deal with local outbreaks,” Berger told reporters during a conference call.

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Aon launches fuel price insurance product for shipping and aviation industries

Backed by AAA-rated credit insurance, the coverage will be activated if the cost of fuel rises and exceeds an agreed limit. The policy will cover the difference between the agreed price and the higher price, paid out monthly, to help companies manage their fuel cost exposure and avoid significant spikes in market price.

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Digital health in spotlight as pandemic shifts tech show focus

“One of the big problems is the lack of ability to examine patients remotely,” said Samir Qamar, a family physician and founder of MedWand told AFP.

Companies have been developing remote tools that can be used at home, including stethoscopes, otoscopes, heart and blood pressure monitors, but need to show they are highly accurate in order to gain regulatory approval, Qamar noted.

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