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Here is a masonry blog layout with no sidebarIntel buys Moovit transit app for $900 mn to develop self-driving robotaxis
Intel forecasts robotaxis will be a $160 billion market by 2030.
The decision to buy now, when much of the world economy is at a standstill due to the coronavirus outbreak, stems from Mobileye’s ability to more accurately predict when its technology will be ready, Mobileye CEO Amnon Shashua said. And the target is 2022.
COVID-19 Pandemic:“None of us is safe until all”says UN Chief
“Comprehensive, coordinated public health measures are critical to slow transmission and to save lives. But even countries that have taken such steps remain in jeopardy. And the virus is still likely to strike many countries that are least able to cope. In an interconnected world, none of us is safe until all of us are safe,” UN Secretary-General Antonio Guterres said
Trump administration pushing to rip global supply chains from China: officials
“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years but we are now turbo-charging that initiative,” Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the U.S. State Department told Reuters.
The pandemic has highlighted China’s key role in the supply chain for generic drugs here that account for the majority of prescriptions in the United States. It has also shown China’s dominance in goods like here the thermal cameras needed to test workers for fevers, and its importance in food supplies.
Global coronavirus cases surpass 3.5 million amid underreporting fears
Globally, there were 74,779 new cases over the past 24 hours, according to the Reuters tally that is based on official government data, taking total cases to around 3.52 million.
“We could easily have a second or a third wave because a lot of places aren’t immune,” Collignon said, noting the world was well short of herd immunity, which requires around 60% of the population to have recovered from the disease.Peter Collignon, an infectious diseases physician and microbiologist at Canberra Hospital, told Reuters
Quarterly global InsurTech fundraising trend slashed by over 50%, COVID-19 a likely culprit:Willis Towers Watson
InsurTechs raised a total of US$912 million during the first three months of 2020.Deal count, at 96, was up 28% over Q4 2019, 10% more than the first quarter of that year. It is the highest number of investment rounds by transactional volume ever recorded by the Quarterly InsurTech Briefing.Overall total funding was down by 54 percent, however, reflecting in part far fewer ‘mega-deals’ (US$100 million-plus deals) taking place in the year so far.
COVID-19 general insurance losses seen higher than 9/11 claims: Willis Towers Watson
HSBC to buy out life insurance joint venture partner in China
U.S. airlines now requiring masks, promise more safety measures
Covid-19 Pandemic:IASB proposes deferring IAS 1 amendments’ effective date implementation
General insurers receive 900 Covid-19 claims for Rs 18 cr
The general insurance companies have received 900 claims for over Rs 17 crore for Covid-19 treatment till Monday,according the General Insurance Council, the official representative body of the domestic general insurers.
Maharashtra at around 450 claims for about Rs 8 crore have remained at the top of the claim chart. The city of Mumbai itself has generated around 350 claims for around Rs 4 crore.
African swine fever detected in India for 1st time; 2,500 pigs die in Assam
“The National Institute of High Security Animal Diseases (NIHSAD), Bhopal, has confirmed that it is African Swine Fever (ASF). The Central government has informed us that it is the first instance of the disease in the country,” Animal Husbandry Minister Atul Bora said.
While swine flu can spread from animals to humans, swine fever does not, and therefore is not a public health threat.
Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs
Losses could exceed $500 billion if state lawmakers require insurers to cover business-interruption claims for pandemic losses, former CNA Financial Corp Chief Executive Dennis Chookaszian told Reuters. Most policies exclude that risk, but insurers are facing lawsuits over it and eight U.S. states are considering laws to retroactively make insurers pay such claims.
Trump order to buy U.S.-made medical supplies coming soon: Navarro
U.S. President Donald Trump’s trade adviser Peter Navarro’s proposed order has met strong resistance from business leaders and current and former officials, who argued that acting to curb imports could prompt China to curb urgently needed shipments of N95 masks and other protective equipment. The initial proposal was revised slightly but is still going through an interagency review process, according to the officials.
India’s April gold imports plunge 99.9% to three-decade low: government source
Gallagher launches Pandemic group insurance product for India’s Front-Line Workforce
“Insurance products generally exclude pandemics, epidemics and infectious disease management in a commercial environment. As such, a COVID-19 specific solution for the India market presents a practical solution for the business community and our clients, and we are delighted to be able to reach this point,” Wade concluded.