War risk insurance rates have soared more than tenfold in recent...
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Global economy exposed to $3.5 trillion from major cyber attack: Lloyd’s
“The global interconnectedness of cyber means it is too substantial...
Amazon will start testing drones that will drop prescriptions on your doorstep, literally
Amazon says customers will be able to choose from more than 500...
Allianz sets up an emergency response fund to support China’s fight against the coronavirus epidemic
The initial pledge towards this fund is RMB 4 million (EUR 520,000), coming in part from Allianz SE’s Disaster Recovery Fund and in part from Allianz’s operating entities in China and the region
China:Coronavirus cases surpass SARS as big economic hit looms
India was the latest nation to report a case, a student of Wuhan University. And South Koreans protested at facilities earmarked as quarantine centres, throwing eggs at a minister.
People with pre-existing conditions are more vulnerable to Coronaviruses:AIR
Mortality associated with the 2019 novel coronavirus is observed particularly among people who are older than 60 years of age, with the mean value of 73 years of age.
European insurers balk at EU raising capital requirements due to Cyber, Climate Risks
Valdis Dombrovskis, vice president of the European Commission and responsible for financial services, said the 11-trillion-euro ($12.2 trillion) European insurance sector faced growing cyber and climate risks.
Coronavirus:Over 9,800 infected, WHO declares world health emergency
The death toll from the new virus currently stands at 213 and the number of reported cases at well over 8,000. It has now infected more people in China than were affected during the outbreak of SARS, a relation of the coronavirus.
Coronavirus: China toll rises to 132; total number of infected near 6000
From France to Japan, governments were organising evacuations, while Hong Kong – scene of anti-China unrest for months – planned to suspend rail and ferry links with the mainland. United Airlines said it was suspending some flights between the United States and China for a week from Feb.1 due to a “significant decline in demand.”
Indian economy in great position; consumption story growing: BofA CEO
Asked about the demographic dividends and other growth prospects for India, Bank of America’s CEO Brian T Moynihan said, “The best thing about your country is, it is big, it is growing, the population is young, the education continues to improve and you have a huge talent pool.”
Many global firms face high Coronavirus costs due to insurance exclusions
Companies buy business interruption policies with their property insurance to cover loss of revenue if they are forced to close temporarily, but those policies are also likely to exclude communicable diseases, an underwriter in London and insurance executives said.
Facebook will pay $550 million to settle a lawsuit that claimed it illegally stored user data
Facebook said it had 2.89 billion monthly active users of its products around the world, but growth stagnated in the US and Canada on the main social network — the primary source of advertising sales. Monthly active users hit 2.5 billion on the main network as of Dec. 31, slightly topping analysts’ estimate of 2.49 billion.
Coronavirus infects Asia stocks with exposure to China
“We don’t know how long it will go,” said Peter Costello, chairman of Australia’s $115 billion sovereign wealth fund, the Future Fund, in a media briefing to coincide with a regular portfolio update.
“Obviously we hope that the measures that have been taken now will contain the virus but it’s still far too early. It will have an obvious negative effect on the Australian economy and indeed beyond,” added Costello, a former Australian treasurer.