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S&P 500 sheds $2 trillion in value as as trading on Wall Street resumes after 15-minute halt

by AIP Online Bureau | Mar 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  US stock indexes plunged about 7% on Monday, as the Federal Reserve's drastic interest rate cut to near zero stoked fears of a coronavirus-driven recession.   Trading on Wall Street's three main stock indexes was halted for 15 minutes shortly after...

Yes Bank moratorium to be lifted on March 18 : RBI governor

by AIP Online Bureau | Mar 16, 2020 | Banking & Bancassurance, Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumabi: Reserve Bank of India governor Shaktikanta Das said on Monday the moratorium on Yes Bank will be lifted on Wednesday at 6pm as he stressed there was swift and strong action by RBI and the government to shore up the private lender.   Das reiterated...

Food habits, temperature have nothing to do with coronavirus: AIIMS Director

by AIP Online Bureau | Mar 16, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  New Delhi: Coronavirus is an infection that spreads mainly from person-to-person and consumption of non-vegetarian food or eggs does not cause the infection, according to Director, AIIMS, Delhi, Dr Randeep Guleria.   "As common healthcare precaution,...

RMS appoints Michael Steel as global head of business development

by AIP Online Bureau | Mar 16, 2020 | International News, Non-Life, Reinsurance, Risk Management

  London: RMS, the world’s leading catastrophe risk modeling company, announces the appointment of Michael Steel as global head of business development, joining the RMS Executive Committee.   Mike first joined RMS in 2016 to help drive innovations to...

Most airlines may go bankrupt by May without govt action on Coronavirus

by AIP Online Bureau | Mar 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  New Delhi: Due to the novel coronavirus (COVID-19) pandemic, most airlines in the world will be bankrupt by the end of May and only coordinated action by governments and industry right now can avoid the catastrophe, said global aviation consultancy firm CAPA...
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