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India could bar transactions in crypto, permit holding as assets
India's Prime Minister Narendra Modi last week chaired a meeting to discuss the future of cryptocurrencies amid concerns that unregulated crypto markets could become avenues for money laundering and terror financing, sources had said on Saturday. MUMBAI: India is...
India’s first portable wireless spirometer for early diagnosis of COPD, Asthma launched
Currently, COPD( Chronic Obstructive Pulmonary Disorder ) remains the second most common cause of death in India after heart diseases, where India alone bears 32 per cent of the global COPD burden," reads the company statement. On World COPD Day, India's first...
Swiss Re remains positive on global insurance premiums and profitability,expects higher inflation
Jerome Haegeli, group chief economist, Swiss Re Market conditions suggest that positive pricing momentum will continue across all lines and regions. Inflation-driven higher claims development in all lines of business, continued social inflation in the US and...
AXA XL Partners with Cambridge Centre for Risk Studies to Launch Online Disaster Recovery Hub
The Report highlights that the global annual average loss from natural disasters has risen from $27 billion during 1970-80 to nearly $200 billion during 2010-2019, driven mostly by global economic development and the rising value of assets in hazardous areas,...
Fauci says boosters for all key to U.S. reaching COVID-19 endemic level
Dr. Anthony Fauci "To me, if you want to get to endemic, you have got to get the level of infection so low that it does not have an impact on society, on your life, on your economy,People will still get infected. People might still get hospitalized, but the level...
WHO and partners unite for Day of Action for Cervical Cancer Elimination
Last year, just 13 per cent of girls aged nine to 14 globally were inoculated against HPV, while some 80 countries – representing around two-thirds of the global cervical cancer burden – have yet to introduce vaccination. UN: With more than 300,000 women dying from...
Dengue cases spike in Delhi: 20-25 patients being admitted daily at LNJP Hospital
As many as nine people have died this year due to the vector-borne disease, stated the report by Anti Malaria Operations (HQ), South Delhi Municipal Corporation (SDMC). Delhi has recorded the highest number of dengue cases this year as compared to the previous years...
India temporarily shuts five coal-fired power plants around New Delhi
Delhi, among the world's most polluted capital cities, battles chronic winter smog every year as a drop in temperatures trap deadly pollutants from coal-fired plants outside the city, fumes from vehicles, and open burning of garbage. New Delhi: India has temporarily...
Family of non-resident Keralites who died abroad due to COVID-19 eligible for Rs 50k ex-gratia? HC asks state govt
Kochi: Family of non-resident Keralites who died abroad due to COVID-19 eligible for Rs 50k ex-gratia? HC asks state govtThe Kerala High Court on Wednesday sought the state government's stand on a plea seeking a declaration that family members of non-resident...
Pfizer, BioNTech and Moderna making $1,000 profit every second, poorest countries remain largely unvaccinated
These companies have sold the majority of doses to rich countries, leaving low-income countries out in the cold. Pfizer and BioNTech have delivered less than one percent of their total vaccine supplies to low-income countries, while Moderna has delivered just 0.2...
Delta dominates the world, but scientists watch for worrisome offspring
People infected with Delta carry around 1,200 times more virus in their noses compared with the original version of the coronavirus. The amount of virus in vaccinated individuals who become infected with Delta is on par with those who are unvaccinated, and both can...
Pfizer to allow generic versions of its COVID pill in 95 countries
Pfizer, which also makes one of the mostly widely used COVID-19 vaccines, has said the pill cut the chance of hospitalisation or death for adults at risk of severe disease by 89% in its clinical trial. read more The drug will be used in combination with ritonavir, an...
Dubai eases visa rules, UAE makes labour laws more competitive
The Gulf state has recently launched a raft of economic reforms and legal reforms, including longer-term residency visas, to attract investment and foreigners to help the economy recover from the effects of the COVID-19 pandemic In the latest move to boost the United...
Ninety-Five Percent of Global Insurers Believe Climate Risk is Investment Risk:Blackrock study
BlackRock study shows insurers representing US$27trn in assets are prioritising sustainable investing, diversification to higher-yielding assets and technological transformation, as concerns about climate change intensify LONDON: Insurers are increasingly concerned...
Jhunjhunwala’s Akasa Air orders 72 Boeing 737 MAX jets
The order by billionaire investor Rakesh Jhunjhunwala-backed airline comes months after India's air safety regulator allowed the country's airlines to fly the MAX jet, ending its nearly two and a half years of regulatory grounding after two fatal crashes in five...
Global wealth surges as China overtakes US as world’s richest nation
As computed by McKinsey, 68% of global net worth is stored in real estate. The balance is held in such things as infrastructure, machinery and equipment and, to a much lesser extent, so-called intangibles like intellectual property and patents.Financial assets are not...
Willis Towers Watson appoints Aon’s Hugo Wegbrans as Global Head of Broking and Broking Strategy
Hugo joins WTW from Aon, where he has most recently been Leader, Global Strategies, for its Commercial Risk Solutions business. Prior to that, he served as Global Chief Broking Officer. He has spent the majority of his 35-year career with Aon. LONDON: Willis Towers...
Anchor investor talks for mega LIC IPO to start next week: Report
Banks plan to file the draft IPO prospectus with the markets regulator by the first week of December, once the embedded value of the firm is finalised, the people said. The government may also allow foreign direct investment in LIC to ensure a diversified and strong...