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COVID-19 caseload in India climbs to 94.99 lakh

The number of people who have recuperated from the disease surged to 89,32,647 pushing the national recovery rate to 94.03 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.

The active COVID-19 caseload remained below 5 lakh for the 22nd consecutive day. There are 4,28,644 active coronavirus infections in the country which comprises 4.51 per cent of the total caseload, the data stated.

New Zealand declares climate emergency, promises carbon neutral govt by 2025

In her first term she passed a Zero Carbon Bill, which sets the framework for net zero emissions by 2050 with an exemption for farming, and banned new offshore oil and gas exploration.

Nearly half of New Zealand’s greenhouse gas emissions come from agriculture, mainly methane.

The government on Wednesday promised the public sector will achieve carbon neutrality by 2025. Government agencies would have to measure and report emissions and offset any they can’t cut by 2025.

SpiceJet gearing up to provide logistics support for COVID vaccination

After playing a critical role in transporting essentials and medical supplies during the lockdown, SpiceXpress, has come forth to take up the responsibility of seamlessly transporting the vaccine through a specialised service called Spice Pharma Pro, SpiceJet said in a release.

The temperature sensitivity to maintain efficacy of the vaccine calls for reliable, fast and secure logistics partners who understand the importance of cold chain, and to this end the company has partnered with global leaders in the segment, it said.

59% Indians sceptical about Covid-19 vaccine, won’t rush to take it: Survey

With 65 per cent citizens believing that the vaccine should not be rolled for commercial or hospital use till the digital vaccine tracking platform is ready indicates that people of India believe that there is a high risk that the vaccine without a working digital platform could get in the wrong hands leading to black-marketing scenarios and even counterfeiting.

The digital vaccine tracking platform would reportedly need to track the supply of close to 1.7 billion Covid-19 vaccine doses needed to immunise most of India’s adult population – a mammoth task than any in the history, keeping in mind the country’s experience with large immunisation campaigns.

When and how will COVID-19 vaccines become available?

Essential workers, a group of 87 million people who do crucial jobs that cannot be done from home, are the likely next group. This includes firefighters, police, school employees, transport workers, food and agriculture workers and food service employees.

Around 100 million adults with high-risk medical conditions and 53 million adults over the age of 65, also considered at higher risk of severe disease, are the next priority.

Charles Taylor appoints Bobby Gracey as global head of fraud

Damain Ely, CEO, Charles Taylor Adjusting, said “As Insurers across the world look to control claims costs, the conditions for a greater level of claims fraud can increase, so developing counter fraud capabilities becomes essential. This is the time to support our clients further by developing our counter fraud expertise. Bobby has demonstrated his strong knowledge and experience, making him the obvious choice to lead our global fraud function. We are delighted that he is joining us.”

Allianz to acquier Westpac Banking Corp’s general insurance business

It will also enter into a new 20-year exclusive agreement for the distribution of general insurance products to Westpac customers in an expansion of its existing bancassurance agreement, which has been in place since 2015.Under the new distribution agreement, along with the existing products of motor, caravan and trailer and travel insurance,

Fairfax sales RiverStone Europe to CVC Capital

“RiverStone Europe is an industry leader in run-off insurance services, and CVC’s scale and vision will give RiverStone Europe, under the continued leadership of Luke and his management team, the opportunity to further grow the business. Nick and Luke are also fully supportive of this transaction, based on their strong beliefs that it was the best way for RiverStone Europe to continue to grow and pursue run-off transactions. We wish Luke and all of the employees at RiverStone Europe much success in the future.   Fairfax remains committed to continuing to grow its other European businesses, including its Lloyd’s of London activities,” said Watsa.

Cyclone Burevi slams into eastern Sri Lanka

The cyclone is likely to damage coastal buildings and power lines and unleash flash floods, the island’s disaster management center said, advising those living near its path to stay indoors.Those evacuated, from the Trincomalee district expected to be hit the hardest, have been moved into 237 relief centers until the cyclone passes, disaster officials said.

Battery costs fall, make electric vehicles cheaper – BMI

BMI estimates that between 2014 and 2017 the price of battery cells fell 16.5% per annum, but between 2017 and 2020 the drop was only 5.8% per annum.
“We may have seen the last of the big easy wins for lithium-ion battery producers in reducing cost.It is now about reducing and stabilising the cost of your biggest input raw materials such as lithium, nickel, graphite, cobalt and manganese,”,”BMI Managing Director Simon Moores said.