The spike become a global issue last week when the World Health...
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WHO asks China for more information about rise in illnesses, pneumonia clusters
Outside scientists said the situation warranted close monitoring,...
Corporate America is rethinking diversity hiring
America First Legal — founded by Stephen Miller, a former senior...
Investors and insurers of Russian pipeline projects at risk of US sanctions
U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage over Europe and Turkey. Pompeo told a...
Investors sue Deutsche Bank,CEO in wake of Epstein fine
The lawsuit was filed on Wednesday in the U.S. District Court in Newark, New Jersey, and seeks unspecified damages.
It claims shareholders lost money because of Deutsche Bank’s dealings with Epstein,who was implicated in dozens of sexual abuse cases.
Lloyd’s underwriters sue Indiana Archdiocese for not disclosing allegations of child sexual abuse
Underwriters for Lloyd’s of London contends in a federal lawsuit filed Monday that when the archdiocese applied for excess sexual misconduct liability insurance in June 2019, it failed to disclose abuse allegations against Rev. David J. Marcotte reported months before its application was filed.The lawsuit asks a judge to rescind the insurance policy and render it void, The Indianapolis Star reported.
Global death toll for pandemic now above 600,000
Total global coronavirus cases surpassed 14 million on Friday, according to a Reuters tally, marking another milestone in the spread of the disease that has killed nearly 600,000 people in seven months. The surge means that 1 million cases were reported in under 100 hours.
AM Best revises Swiss re’s credit rating outlook to negative
The negative outlook on the Long-Term ICR reflects pressure on Swiss Re’s operating performance assessment, following non-life underwriting losses in recent periods, partly driven by the casualty book of business.The group has implemented actions to improve the performance of certain sub-segments of its portfolio. However, these actions have had limited impact on results so far.
For first time,world records 1million coronavirus cases in 100 hours-Reuters tally
The pandemic has now killed more than 590,000 people in almost seven months, edging towards the upper range of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities then surged in Europe and later in the United States.
The Reuters tally, which is based on government reports, shows the disease is accelerating the fastest in the Americas, which account for more than half the world’s infections and half its deaths.
Insurers favor warehouse investments over offices as pandemic hastens real estate shifts
Pandemic lockdowns have spurred companies to re-examine their need for office space if employees continue working at home in the post-pandemic world, a trend that could drive down office occupancy rates and rents.
India lifted 271 mn people out of poverty between FY06-16, says UN report
Covid-19 is the latest crisis to hit the globe, and climate change all but guarantees more will follow soon. Each will affect the poor in multiple ways. More than ever, we need to work on tackling poverty and vulnerability to poverty – in all its forms,” Director of the Human Development Report Office at UNDP Pedro Coneico said.
Russia to mass produce experimental COVID-19 vaccine – wealth fund head
More than 100 possible vaccines are being developed to try to stop the pandemic. At least two are in final Phase III human trials, according to World Health Organization data – one being developed by China’s Sinopharm and the other by AstraZeneca and the University of Oxford.
Novartis to provide ‘no profit’ COVID-19 drugs to low income countries
“We shouldn’t underestimate the stress that COVID puts particularly on fragile health systems,” Hegemann said, adding Novartis hoped to work with health authorities, faith-based organisations and NGOs to eliminate big mark-ups. “We are not targeting classical commercial distribution channels, but very direct channels.”