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Wary of public transport, coronavirus-hit Americans turn to bikes

by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  “I’m 51 and healthy, but I don’t want to get on the subway,” said John Donohue, a Brooklyn-based artist who bought a bike two weeks ago. Donohue, who doesn’t own a car, says he’s not sure when he’ll be comfortable on...

Doubling rate of COVID-19 cases in India reduced with imposition of lockdown: Health Ministry

by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: The Union Health Ministry said on Friday the rate at which the number of coronavirus cases in the country was becoming double in the last one week was 6.2 days, as against three days before the nationwide lockdown was imposed   At a daily media...

India’s central bank surprises with reverse repo rate cut in bid to spur bank lending

by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Regulation

MUMBAI: The Reserve Bank of India unexpectedly cut its key deposit rate for the second time in three weeks on Friday to discourage banks for parking idle funds with it and push them toward lending to revive the flagging economy amid the coronavirus lockdown.  ...

Germany sets up protective shield for credit insurers

by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

BERLIN: Germany’s Finance Ministry said on Thursday that the government was setting up a protective shield for credit insurers for 2020 that amounts to 30 billion euros ($32.66 billion) and will guarantee business volume of around 400 billion euros.   In...

Allianz CEO says virus hit insurers like ‘Meteorite’

by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses across the industry.   Oliver Bäte said in an interview with Bloomberg Television that while the...
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