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China to waive security checks for some data exports
The Cyberspace Administration of China (CAC) said it was...
Weight-Loss drugs estimated to save airlines millions
Weight is a major concern for airlines because the more a plane...
Lloyd’s launches new cryptocurrency wallet insurance solution for Coincover
Matthew Greaves, Underwriter, Atrium, said:“There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular. It is a testament to Lloyd’s that the market has put together an innovative solution to mitigate these new risks and protect against theft – from physical as well as online vaults – thereby providing customers with piece of mind that their assets are safe.”
Coronavirus pushes the world to its first contraction since 2009
“Confidence is falling everywhere so you don’t want to send a reactionary message, but at least a message that you are discussing and being prepared to take measures, and to do that jointly,” OECD chief economist Laurence Boone said.
Six coronavirus deaths in US, 91 confirmed cases: Pence
Vice President Mike Pence told reporters at the White House that many companies are already beginning to work on, but just as importantly, the development of therapeutics and it is remarkable to think that there may well be a vaccine going to clinical trials within the next six weeks.
Meru Health and dacadoo join forces to streamline access to effective mental healthcare
dacadoo and Meru Health are connected by a joint mission to make effective mental care more accessible. Now they are joining forces to further lower the threshold to get early support when depression and anxiety arise, allowing fast and sustained recovery.
Use of non-derivative financial instruments to insurance contracts with direct participation features now allowed:IASB
Ralph Ovsec, Senior Director, Insurance Consulting and Technology, at Willis Towers Watson, said: “All stakeholders will welcome the conclusion of deliberations on changes to IFRS 17, even if some of the decisions reached do not reflect the wishes of some in the industry. With regard to the determination of the acquisition date of reinsurance contracts, ceding companies should be mindful in assessing potential unintended consequences related to the ability to take reinsurance relief on onerous contracts offered by reinsurance.
Trump imposes travel restrictions, state of emergency after first coronavirus death in US
Washington governor Governor Jay Inslee today declared a state of emergency in response to new cases of COVID-19, directing state agencies to use all resources necessary to prepare for and respond to the outbreak
Coronavirus time bomb: America’s uninsured and brutal work culture
-The number of Americans without health insurance began falling from a high of 46.7 million in 2010 following the passage of Obamacare (the Affordable Care Act), but has risen again over the past two years.
-The current figure is about 8.5 percent of the population.
Coronavirus fuels recession fears: Worst week for global markets since 2008
“The coronavirus now looks like a pandemic. Markets can cope even if there is big risk as long as we can see the end of the tunnel,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities. “But at the moment, no one can tell how long this will last and how severe it will get.”
Raghurmam Rajan’s advice to govts: Fight virus first, worry about stimulus later
“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.
Coronavirus COVID-19 risk increased to ‘very high’ but containment still possible
WHO chief Tedros Adhanom Ghebreyesus said the risk was being raised to “very high” because of the continued increase in cases and the number of new countries affected in recent days.