Denys Shmyhal, Prime Minister of Ukraine, said: “The launch of the...
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Salaries in Southeast Asia to rise in 2024 defying economic slowdown concerns: Aon
Attrition rates across southeast Asia have dropped in 2023 compared...
Cyber ‘Catastrophe Bonds’ set to test bond markets
Beazley Plc, which owns specialist insurers across Europe and the...
VW launches software it hopes will make car accidents obsolete by 2050
Next generation cars will be equipped with software, sensors and processors that enable vehicles to anticipate and avoid accidents, and to keep learning new reflexes, the German car brand’s strategy chief Michael Jost said in Berlin.
Europe now epicentre of Coronavirus Pandemic: World Health Organisation
The virus, which first surfaced in China in December, has now killed more than 5,000 people, with cases around the world topping 134,000, according to an AFP tally.
President Trump declares a national emergency to check coronavirus
U.S. President Donald Trump on Friday declared a national emergency over the fast-spreading coronavirus, opening the door to providing what he said was about $50 billion in federal aid to fight the disease.
US regulators approve Roche’s new and faster COVID-19 test
The US Food and Drug Administration (FDA) has given the green light to commercialise the SARS-CoV-2 Test to detect the virus that has sparked the global COVID-19 pandemic, Roche said in a statement.
Swiss Re-Microsoft alliance to develop products on connected vehicles,nat cat & ”Industry 4.0”
The centrepiece of the strategic alliance is the launch of Swiss Re’s Digital Market Center, which will help develop next-generation, large-scale tools to transform the way the insurance industry predicts and manages risks, as well as how the industry creates tangible products based on Swiss Re’s risk knowledge.
Thierry Léger, CEO Swiss Re Life Capital, said: “Swiss Re’s alliance with Microsoft will help accelerate the digital transformation of the insurance industry, with benefits across all lines of business. By building digital markets and not just isolated products, we aim to transform the way businesses approach the risks they face. The alliance between Swiss Re and Microsoft presents an exciting opportunity for the insurance industry.”
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.
‘People are terrified’: Daily life on hold as Americans face coronavirus threat
Analysts say the virus risks plunging the world’s largest economy into recession as people put their lives on hold – canceling travel plans, staying home and steering clear of restaurants, movie theaters and other public spaces.
Life upended for Americans as U.S. scrambles to contain coronavirus threat
New York City Mayor Bill de Blasio declared a state of emergency, granting him new powers as the number of confirmed cases rose to 95 in the nation’s most populous city.
“We are getting into a situation where the only analogy is war and a wartime dynamic,” de Blasio said, referring to an expected surge in demand for hospital beds.
From California to New York, officials banned large gatherings and closed museums and other institutions without saying how long the directives would stay in place, compounding the uncertainty.
Markets suffer record meltdown as global coronavirus alarm grows
Major European bourses fell by double-digit percentages for their biggest daily losses on record, led by a 17% slide in Italian stocks .FTMIB. Stimulus efforts from the European Central Bank did little to calm nerves.
U.S. states scramble to slow virus spread, prevent hospital collapse
The goal is to prevent the kind of surges that overwhelmed Italy – a country with more doctors and hospital beds per capita than the United States – causing fatality levels to leap as doctors ran out of equipment to help people breathe.