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Boeing cuts output of big jets as pandemic hammers sales

by | Jul 29, 2020 | ,

The production cuts reflect concern among aviation companies across the board about the pace of the coronavirus recovery. Global airlines warned on Tuesday it would take a year longer than expected for air traffic to return to normal levels, with long-range travel hit harder than short hops.

The outbreak has crippled passenger travel and pushed major airlines to the brink of bankruptcy, resulting in many carriers deferring aircraft deliveries.

Covid-19 fatality rate declining progressively, total recoveries 9.88 lakh:Health Ministry

by | Jul 29, 2020 | , , , ,

“Not only has the CFR been kept low, but successful implementation of effective containment strategy, aggressive testing and standardised clinical management protocols based on a holistic standard of care approach have in tandem resulted in a consistent trend of more than 30,000 recoveries per day for the sixth consecutive day,” the health ministry said.

LIC’s total premium rises by 13% to Rs 3,79 trillion,assets at Rs 31.96 trillion in 2019-20

by | Jul 29, 2020 | ,

The corporation has now managed to overcome the negative trends in its performance in the post lockdown period in the current fiscal..
According to the LIC’s officials except in the categry of sales of policies,the corporation has already swung into positive zone in its new premium income and renewals in Jukly .

The LIC’s 90 per cent of offices allover the country are working today.

Moderna,Pfizer start decisive COVID-19 vaccine trials,eye year-end launches

by | Jul 28, 2020 | , , , ,

Moderna could have tens of millions of doses ready when and if the vaccine is deemed safe and effective, Collins told reporters on a call.

Pfizer said that if the trial was successful, it could seek regulatory approval as soon as October and supply vaccines for 50 million patients, at two doses each, by the end of the year.

Hunger killing over 10,000 children a month owing to Covid-19 curbs: UN

by | Jul 28, 2020 | , , ,

The leaders of four international agencies, the World Health Organization, UNICEF, the World Food Program and the Food and Agriculture Organization have called for at least dollar 2.4 billion immediately to address global hunger.

But even more than lack of money, restrictions on movement have prevented families from seeking treatment, said Victor Aguayo, the head of UNICEF’s nutrition program.

Cat tests positive for coronavirus in England

by | Jul 28, 2020 | , , , ,

Both the cat and the humans made a full recovery and there was no transmission to any other animals or people in the household, the ministry said without identifying the individuals involved.

“This is the first case of a domestic cat testing positive for COVID-19 in the UK but should not be a cause for alarm,” said Yvonne Doyle, medical director at Public Health England.
The WHO has said it will investigate the possibility of cat-to-human infection, but its chief scientist has said there is “very little risk” from domestic animals.

InsurTech fundraising rebounds as over $1.5 billion invested in Q2 2020; four more ‘mega-rounds’ completed

by | Jul 28, 2020 | , , , ,

At 74, deal count was down 23% from Q1, but many individual rounds were larger as investors continued to turn away from Seed and Angel deals in favour of support for more mature ventures. P&C sector investments predominated, accounting for 68% of funding, but the share of L&H sector investments was up 17 points to 32%, as the pandemic crisis continues to compound the value of technology, and particularly telehealth, in the segment. Also notable was the initial public offering of Lemonade and the acquisition of two incumbent insurance companies by InsurTechs, Hippo and Buckle