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New COVID-19 variant: No need to push panic button, but keep close watch, says TIGS Director
"It is unfortunate that a certain section of the society seems to be eager to declare that the pandemic is over. People should take care by using masks, administering vaccines as per rules and boosters wherever allowed and avoiding unnecessary clustering in crowded...
New COVID mutant ‘XE’ found in UK, more transmissible than Omicron sub-variant: WHO
Recombinant variants are not an unusual occurrence, particularly when there are several variants in circulation, and several have been identified over the course of the pandemic to date. As with other kinds of variant, most will die off relatively quickly," Professor...
U.N. launches group to hold companies to account for net-zero pledges
U.N. Secretary-General António Guterres said the group of 16 experts will analyze the net-zero plans of companies, investors, cities and regions in order to develop stringent and transparent standards to ensure they deliver their promises WASHINGTON: The United...
China and India biggest domestic market opportunities for insurance: HSBC
“Mainland China and India are growing at fast rates and are two of the biggest domestic market opportunities,” said Greg Hingston, global chief executive, HSBC Holdings Plc’s insurance Opportunities will likely be in places like Singapore, India and mainland China,...
Ukraine guarantees insurance payouts for vessels damaged at its Danube ports
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Scientists publish the first complete human genome of world’s 7.9 billion people
"Generating a truly complete human genome sequence represents an incredible scientific achievement, providing the first comprehensive view of our DNA blueprint," Eric Green, director of the National Human Genome Research Institute (NHGRI), part of the U.S. National...
New vehicles must average 40 mpg by 2026 under US standards
The new requirements increase gas mileage by 8% per year for model years 2024 and 2025 and 10% in the 2026 model year Officials said under the new standards, owners would save about $1,400 in gasoline costs during the lifetime of a 2029 model year vehicle. Carbon...
Antarctica ‘should not be taken for granted’ scientists declare, amid extreme weather uptick
The Russian station Vostok, in the middle of the Antarctic ice plateau, hit a provisional high of -17.7°C (0.14°F), smashing the previous record of -32.6°C (-26.68°F), while Dome Concordia, an Italian-French research station on top of the Antarctic plateau, 3,233...
U.S. House approves bill setting strict cap on insulin costs
Currently, monthly supplies of the life-sustaining medicine average around $375 and can go as high as $1,000, causing some people to skip needed doses More than 34 million people in the United States have diabetes, according to the U.S. Centers for Disease Control and...
Fossil fuel backers overshadow climate change talks in Dubai
The United Nations Intergovernmental Panel on Climate Change and other international bodies have said that to address climate change there should not be new investments in fossil fuel infrastructure and that the fuels, which are mostly responsible for climate change,...
E-scooter fires in India trigger safety concerns, in setback for Modi push
The electric mobility push is critical for Modi's climate change and carbon reduction goals.Following the Ola incident, Modi's government told lawmakers in the Indian parliament it will take "appropriate action" against the manufacturers once the investigations are...
IFSCA inks MoU with IRDAI to strengthen inter regulatory exchange of information
This MoU focuses on strengthening of inter regulatory exchange of information, technical cooperation, supervisory collaboration and opens avenues towards developing innovative insurance solutions for the evolving global trends Hyderabad: Injeti Srinivas, chairperson,...
Car sales in India rise but automakers warn of supply chain disruptions
"The impact of the crisis in the form of higher fuel and commodity prices also poses a risk to (automobile) demand prospects, in case it materialises into a long drawn out war," ICRA said Carmakers in India reported a sharp rise in annual sales for the fiscal year...
CCI finds Google unfairly blocking rival payments on India store
“Google is imposing unfair and discriminatory conditions in violation of regulations," the Indian agency said in its preliminary report dated March 14.“ New Delhi: Google’s billing system for app developers is “unfair and discriminatory,” India’s antitrust regulator...
Swiss Re shareholders urged to oppose chairman’s re-election in gender row
"At Swiss Re, we embrace and build diversity, equity and inclusion, bringing together the best of multiple generations, cultures, skillsets and thinking," the company said in a statement to Reuters ZURICH: Swiss Re shareholders have been urged to vote against the...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
Apr-1 Renewals: Re/insurers jack up premiums to cover India Inc’s assets
Devesh Srivastava, CMD, GIC Re Developments in the Indian insurance industry, which is expected reach Rs 2.25 trillion in 2021-22, in the pre-renewal period indicate there have been large premium hikes in aviation, marine, group health and liability business `We...
Bhaskar given powers of CMD in NIA
After, Atul Sahai retired as CMD of New India Assurance (NIA) on Feb 28, the board of (NIA) on Thursday has decided to vest power of CMD in many areas of the functioning of the company with its general manager Madhulika Bhaskar. Earlier, Bhaskar, the senior most...