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Munich Re expects Coronavirus-Related claims in excess of $1 Billion during 2020

by AIP Online Bureau | May 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance

  Munich: Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a 65% drop in first-quarter profit.   The German...

India to roll out COVID-19 app for Reliance’s JioPhone in bid to widen use

by AIP Online Bureau | May 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Technology

  NEW DELHI: India will within days roll out a version of its coronavirus contact-tracing application that can run on mobile carrier Reliance Jio’s cheap phones, as it looks to increase the reach of the system, a senior government official said on Thursday....

President Xi warns against complacency as China downgrades COVID-19 risk levels in all regions

by AIP Online Bureau | May 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Beijing:  President Xi Jinping has cautioned people against complacency over the declining trend of coronavirus cases in the country as China on Thursday downgraded COVID-19 risk levels in all regions, signalling its successful containment.   All...

UN appeals for $6.7 billion to fight virus in poor countries

by AIP Online Bureau | May 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

United Nations: The United Nations announced Thursday it is increasing its appeal to fight the coronavirus pandemic in fragile and vulnerable countries from 2 billion to 6.7 billion.   U.N. humanitarian chief Mark Lowcock reiterated that the peak of the pandemic...

Bank of England holds off on fresh stimulus, sees worst slump in 300 years

by AIP Online Bureau | May 7, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

London: The Bank of England held off further stimulus measures but said it was ready to take fresh action to counter the coronavirus hammering which could cause the country's biggest economic slump in over 300 years in 2020 before a bounceback in 2021.   The...
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