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32 European major media groups sue Google for $2.3 bln
“The media companies involved have incurred losses due to a less...
European reinsurers’ renewals indicate peaking underwriting margins: Fitch
``We expect strong underwriting profitability to continue...
Researchers to explore how vitamin D affects Covid-19
The research team, including one of Indian-origin, have received nearly $241,000 from the National Institutes of Health (NIH) for research on how vitamin D regulates the immune system in the gastrointestinal tract.
A ‘mission of the century’ as airlines prep for gargantuan vaccine supply
This will be the largest and most complex logistical exercise ever,” said Alexandre de Juniac, chief executive officer of the International Air Transport Association, the industry’s chief lobby. “The world is counting on us.”
IATA estimates that the equivalent of 8,000 loads in a 110-ton capacity Boeing 747 freighter will be needed for the airlift, which will take two years to supply some 14 billion doses, or almost two for every man, woman and child on Earth. It’s a tall order, given about one-third of the global passenger fleet is still in storage, based on data from Cirium.
AXA to sell its Gulf business to GIG for $269 mn
“This transaction marks another step in AXA’s continued simplification journey. We are convinced that AXA’s operations in the Gulf region will benefit from GIG’s leadership and scale in the region, to further pursue their focus on delivering growth and excellent customer service. I would like to thank the management teams and all the employees of our operations in the Gulf region for their continuous contribution and engagement over the years, and wish them all the success for the future, said Thomas Buberl, CEO, Axa.
Centre to vaccinate around 300 mn by July-August: Harsh Vardhan
The Union Minister highlighted that India has one of the highest recovery rates in the whole world. “From 1 lab in January 2020, we now have 2,165 labs. More than a million people are being tested on a daily basis. We have completed 14 crore cumulative tests today. This all shows the determination of the government and relentless efforts of our corona warriors whose contribution is significant in fighting the pandemic,” he said.
Moderna to ask US, European regulators to OK its vaccine for emergency use
Moderna created its shots with the U.S. National Institutes of Health and already had a hint they were working, but said it got the final needed results over the weekend that suggest the vaccine is more than 94% effective.
Moderna is just behind Pfizer and its German partner BioNTech in seeking to begin vaccinations in the U.S. in December. Across the Atlantic, British regulators also are assessing the Pfizer shot and another from AstraZeneca.
India”s COVID-19 tally rises to 94.31 lakh with 38,772 fresh cases
The number of people who have recuperated from the disease surged to 88,47,600, pushing the national recovery rate to 93.81 per cent. The COVID-19 case fatality rate declined further to 1.45 per cent.
The active COVID-19 caseload remained below five lakh for the 20th consecutive day.
Swiss Re to set up new fund for institutional and designated investors to access Nat Cat biz
Martin Bisping, CEO of Swiss Re Insurance-Linked Investment Management said: “This new fund will open a unique opportunity for investors to invest in the same book of business as Swiss Re, benefitting from Swiss Re’s global reach, client access, risk knowledge and underwriting.“
Dictionary.com picks ‘pandemic’ as its 2020 word of the year
Asymptomatic, furlough, non-essential, hydroxychloroquine and a host of other pandemic-related words saw massive increases in lookups as well. Jennifer Steeves-Kiss, chief executive officer of Dictionary.com, said one key ingredient in the hunt for the site’s word of the year is sustained interest over time. Pandemic met that standard.
“Nivar cyclone extensively damaged crops in over 6.59 lakh Hectares”
“We are going to set up AP State General Insurance Company, which will cover crop insurance to farmers who registered under e-Crop,” Andhra Pradesh, state Agriculture Minister K Kanna Babu said
Russian hospital says it began civilian coronavirus vaccinations last week
Domodedovo’s Central City Hospital said on its website that residents wanting for inoculation had to register on a government website in advance and bring along a negative COVID-19 test result and ID documents on the day.