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COVID-19: India now ninth-worst hit country in world with 1,65,799 cases

Of the 175 deaths reported since Thursday morning, 85 were in Maharashtra, 22 in Gujarat, 15 in Uttar Pradesh, 13 in Delhi, 12 in Tamil Nadu, eight in Madhya Pradesh, seven in Rajasthan, six in West Bengal, four in Telangana and one each in Jammu and Kashmir, Andhra Pradesh and Haryana.

Of the total 4,706 fatalities, Maharashtra tops the tally with 1,982 deaths followed by Gujarat with 960 deaths, Madhya Pradesh with 321, Delhi with 316, West Bengal with 295, Uttar Pradesh with 197, Rajasthan with 180, Tamil Nadu with 145, Telangana with 67 and Andhra Pradesh with 59 deaths.

Trump signs executive order aimed at regulating social media companies

Trump’s actions seek to blunt Section 230 of the Communications Decency Act which immunises websites from legal liability for the comments of their users. According to the President, Twitter’s fact checks amount to political activism and social media companies should not be shielded from lawsuits for what is posted on their platforms.

Lockdown could be extended by another 15 days, positive sign for Metro, malls, restaurants in exit plans

Addressing the media, he said, “I spoke to HM Shah on phone and I feel lockdown may be extended for 15 more days. However, we demand that there should be some relaxations – restaurants should be allowed with social distancing at 50 per cent capacity. Many people also want gyms to resume.”

U.S. FDA finds high levels of carcinogen in diabetes drug metformin

Bloomberg, which first reported the FDA’s findings, said that some recalls of metformin were expected as soon as this week, citing a person familiar with the matter.Online pharmacy Valisure said in March that its independent tests showed high levels of NDMA in metformin made by 11 companies, including Amneal Pharmaceuticals Inc (AMRX.N) and Aurobindo Pharma Ltd .

Coronavirus impact on shipping industry: idle vessels face new risks, Allianz warns

“An unplanned lay-up can result in a prolonged recommissioning exercise that can last for months, even requiring docking. Comprehensive plans including risk assessments covering storage and lay-up are crucial for ensuring the safety of vessel during the downtime and its subsequent return to service,” Captain Rahul Khanna, Global Head of Marine Risk Consulting at AGCS.explains

Monsoon rains forecast to arrive on India’s southern coast around June 1

Weather conditions are “very likely to become favourable from June 1, 2020” for the monsoon onset over the southern state of Kerala, the India Meteorological Department (IMD) said in a statement.The IMD had earlier forecast the arrival of monsoon rains over Kerala on June 5, four days later than usual

Calm before the storm for Japan suicides as coronavirus ravages economy

Kyoto University’s Resilience Research Unit has predicted 2,400 more suicides for each 1% rise in unemployment. If the virus subsides in a year, unemployment could peak at around 6% by March, lifting annual suicides to around 34,000, it estimated. If pandemic conditions persist for two years, a rise to 8% unemployment by March 2022 would see suicides spike over 39,000

Trump executive order to reduce liability shield for social media giants

The companies’ protections against lawsuits apply when they act “in good faith” in taking down or limiting the visibility of inappropriate tweets, videos and other social media posts, but the law doesn’t define bad faith. The draft order would push the Federal Communications Commission to issue rules clarifying the issue, potentially allowing users to sue over takedowns if they were inconsistent with companies’ terms of service, did not provide enough notice or meet other suggested criteria.

U.S. lawmaker wants insurers, govt. to share future pandemic business losses

The legislation, introduced by Rep. Carolyn Maloney, a Democrat from New York, would provide up to $750 billion in taxpayer funds to pay insurance claims for business loss revenue during future pandemics. Insurers would first have to pay out a total of $250 million in losses, according to the bill.

Insurers are turning their focus to future pandemics after facing lawsuits, political pressure and criticism from customers who say insurers’ business interruption policies denied their claims for pandemic-related losses.

FERMA calls for EU resilience framework for catastrophic risks

FERMA President Dirk Wegener said: “We now aim to deepen discussions with the EU, the Member States and the insurance sector, and to develop solutions for both short-term crisis management and long-term business resilience. FERMA members have expertise and experience in the field of business interruption that we want to contribute to the future resilience of European business.”