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Nearly 10,000 died from COVID-19 last month, Fueled by holiday gatherings and new variant, WHO Says
Tedros Adhanom Ghebreyesus, director general, WHO, said nearly...
Alaska incident: ‘Our mistake’, Boeing CEO vows transparency
Dave Calhoun, Chief Executive,Boeing U.S. regulators with the...
Insurers anticipated a pandemic but could have responded better,says exec
David Williams, managing director of underwriting and technical services at AXA Insurance UK PLC.said the industry’s response to previous virus outbreaks, such as Severe Acute Respiratory Syndrome, or SARS, and the H5N1 avian flu strain, was “why we’ve ended up in a situation where 98% of business interruption policies in the U.K. don’t include the impacts of COVID-19.”
Another COVID-19 wave in 2nd half of 2020 could result in loss of 340 mln full-time jobs: ILO
Regionally, working time losses for the second quarter were: Americas (18.3 per cent), Europe and Central Asia (13.9 per cent), Asia and the Pacific (13.5 per cent), Arab States (13.2 per cent), and Africa (12.1 per cent).
Musk says Tesla is building ‘RNA microfactories’ for CureVac
CureVac, an unlisted German company, has said it is developing transportable, automated mRNA production units that it calls printers. They will be designed to be shipped to remote locations, where they can churn out its vaccine candidate and other mRNA-based therapies depending on the recipe fed into the machine.
FWD completes MetLife Hong Kong acquisition
FWD will be renaming and rebranding the newly acquired businesses in the next few months. At the same time, MetLife Hong Kong will continue to operate through all its existing channels across its businesses. All existing MetLife Hong Kong policies will continue to be honoured by FWD following the change in ownership.
Wimbledon and other events left more exposed to COVID-19 risk as insurers withdraw pandemic cover: GlobalData
That an event as high-profile as Wimbledon can’t renew its policy suggests it is unlikely that any major event in the UK will be able to have pandemic cover for business interruption in the immediate future, and going ahead with events before a vaccine is rolled out is extremely risky.
Huge acceleration of clean energy innovation needed to meet net zero target: IEA
“Without decarbonising the transport sector there is no chance whatsoever of meeting climate targets,” IEA executive director Fatih Birol told Reuters.
The four most critical clean technologies needing innovation are battery technologies, carbon capture and storage, bioenergy and low-carbon hydrogen, which are currently mostly in the development phase and/or costly.
Global CO2 emissions are expected to be 8% lower this year than in 2019 – their lowest level since 2010 – as energy demand has slumped due to the coronavirus pandemic, but they are likely to rebound as economies recover unless action is taken.
Fauci, CDC chief raise concerns about full airline flights
The CEOs of American and United have said that even with middle seats empty, it is impossible to follow 6-foot social-distancing on a plane, so airlines rely on masks, deep cleaning and air-filtration systems on planes to prevent spreading the virus.
China study warns of possible new ‘pandemic virus’ from pigs
The study highlights the risks of viruses crossing the species barrier into humans, especially in densely populated regions in China, where millions live close to farms, breeding facilities, slaughterhouses and wet markets.
EU calls British financial market proposals ‘unacceptable’
London and Brussels have an end of June deadline for completing “equivalence” assessments for determining access to each other’s financial markets.
AXA XL receives green light for first Shanghai domiciled reinsurer
With a strong S&P A+ financial strength rating, AXA XL Re China will be the first reinsurance subsidiary domiciled in Shanghai and the first foreign-owned reinsurance subsidiary in China. It will provide non-life reinsurance in China.