In fact, 40% of Asia-Europe trade normally goes through the area,...
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Crude oil prices rise after US, UK attack Houthis
The Houthis attack is forcing ships to take a far longer route...
Higher shipping freight rates to offset costs of re-routing from Suez:Fitch
The Red Sea disruptions amplify the impact on global trade from the...
“Reimagine insurance:Five keys to innovation”:McKinsey
Insurers around the world have scrambled to weather the sudden disruption brought on by COVID-19. Many were able to quickly adapt to their new reality, from transitioning to remote-working arrangements to embracing digital technologies for customer engagement. Such sweeping change—for example, several years of digital acceleration accomplished in a matter of months—has the benefit of freeing organizations to embrace new ways of working. Leaders should not miss their chance to push even further for innovation and pursue bold strategies.
China coronavirus vaccine may be ready for public in November: official
A unit of state pharmaceutical giant China National Pharmaceutical Group (Sinopharm) and U.S.-listed Sinovac Biotech SVA.O are developing the three vaccines under the state’s emergency use programme. A fourth COVID-19 vaccine being developed by CanSino Biologics 6185.HK was approved for use by the Chinese military in June.
COVID-19 tally in India breaches 48-lakh mark; death toll climbs 79,722
The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.64 per cent.
There are 9,86,598 active cases of COVID-19 in the country, while 37,80,107 people have recovered, the data stated.
India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 30 lakh on August 23 and it went past 40 lakh on September 5.
According to the ICMR, a cumulative total of 5,72,39,428 samples have been tested up to September 13 with 9,78,500 samples being tested on Sunday.
Asia offers more flu shots to head off COVID-19 complications
The moves in Asia echo similar efforts in North America and Europe. In the United States, pharmaceutical firms are expected to provide around 200 million flu vaccines this year, about 20% more than usual.
COVID-19: 58% of recovered cases coming from five states
India’s COVID-19 tally of cases mounted to 47,54,356 with 94,372 new infections being reported in a day, while the death toll climbed to 78,586 with 1,114 people succumbing to the infection in a span of 24 hours, the data updated at 8 am showed.
1,114 COVID-19 fatalities have been registered in a span of 24 hours. Maharashtra has reported the maximum number of 391 deaths followed by Karnataka with 94 deaths, whereas Tamil Nadu has reported 76 deaths.
Flyers can take videos in flights but can’t use recording gadgets: DGCA
New Delhi: Aviation regulator DGCA "clarified" on Sunday passengers can take photos and videos inside flights but can't use any recording equipment that creates chaos, disrupts flight operations, violates safety norms or is banned by the crew...
Covid treatment accounted for only 11% of health insurance claims in Apr-Aug: Study
The COVID-19 scare, it said, “has triggered everyone to prioritise health insurance like never before not only for protection against a pandemic but also against any bigger events or illnesses like lifestyle disease which will stay here forever.”
As regards the cost of treatment, the insurance aggregator said COVID-19 treatment may cost more than ₹10 lakh in case of prolonged hospitalisation.
A comprehensive health insurance policy with ₹10 lakh sum insured for a 32-year-old individual costs anywhere between ₹7,000–9,000 annually, it said.
Record spike of 97,570 infections pushes India’s COVID caseload to 46,59,984
The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.66 per cent.
There are 9,58,316 active cases of COVID-19 in the country which comprises 20.56 per cent of the total caseload, the data stated.
Recoveries surge to 36 24 196 60 per cent of total recoveries concentrated in 5 states
Sixty per cent of the total recovered cases are being reported from five states – Maharashtra, Tamil Nadu, Andhra Pradesh, Karnataka and Uttar Pradesh, the ministry said on Saturday.
Aviva sells Singapore unit for $1.98 billion as new CEO shifts focus
The British company said on Friday it will sell its majority shareholding in the business to the Singlife consortium, which includes alternative asset firm TPG, Japanese insurer Sumitomo Life and other existing Singlife shareholders.
Promising to shake up the organisation after she took over in July, new CEO Amanda Blanc pledged to reduce its operations in Asia and Europe.
Analysts have said the insurer is operating in too many countries and sectors, and its shares have lagged rivals.