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Coronavirus likely to trigger Pandemic Bond payouts to poor countries

by AIP Online Bureau | Mar 11, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

The severity of the global coronavirus epidemic has reached levels almost certain to trigger a financial instrument sold by the World Bank to raise money for developing countries in a pandemic.   The bonds, which were sold in 2017, are quoted at less than 10% of...

UK to Spend £2.5B on Road Repairs; Potholes Cause 90% of Auto Insurance Claims

by AIP Online Bureau | Mar 11, 2020 | Eco/Invest/Demography, International News, Non-Life

London: Britain will spend an extra 2.5 billion pounds ($3.2 billion) repairing 50 million potholes in roads over the next five years, the government said ahead of new finance minister Rishi Sunak’s first budget on Wednesday.   Sunak is expected to unveil...

Possible delay of Tokyo Olympics dismissed by head of organizing committee

by AIP Online Bureau | Mar 11, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Tokyo: A delay of one or two years would be the “most feasible” option if the Tokyo Olympics cannot be held this summer due to the global outbreak of the coronavirus, a member of the organizing committee’s executive board told Reuters.  ...

Coronavirus outbreak: India steps up vigil as confirmed cases jump to 62

by AIP Online Bureau | Mar 11, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The number of novel coronavirus patients in the country has risen to 62, the Union health ministry said on Wednesday. Two persons from Mumbai also tested positive for coronavirus, taking the number of such cases in Maharashtra to seven, health...

India suspends tourist visas from March 13 to prevent coronavirus spread

by AIP Online Bureau | Mar 11, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: India on Wednesday suspended all visas, except a few categories such as diplomatic and employment, till April 15 in a bid to contain the spread of novel coronavirus, according to an official statement.   The government also "strongly advised"...
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