Eco/Invest/Demography

Testing times for India in race to head off coronavirus epidemic

Indian News       Apr 06, 2020

NEW DELHI: India, like a lot of countries plunged into crisis by the pandemic, is struggling to ramp up testing for the coronavirus, but in few places would the odds of containing the disease appear so bleak should domestic transmission start to multiply. Officials hope...

Insurers globally say forced payouts for excluded virus losses risk destabilizing industry

International News       Apr 06, 2020

  London: World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were not covered by policies risked destabilizing the insurance industry.   With the global economy hammered by measures to halt the spread of the virus, companies...

Caronavirus Pandemic:Aviation cover cost up by 20-25%

International News       Apr 06, 2020

  Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday.   Singapore has the largest number of planes standing idle at airports, at 205, with Hong Kong second at 178, the...

Thai insurer’s Coronavirus cover draws ‘Overwhelming’ demand

International News       Apr 06, 2020

   Bangkok: The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them well before the pathogen spread across Thailand and the world.   Since it began...

US scientists link BCG vaccination with fewer coronavirus cases

Facts       Apr 06, 2020

  New Delhi: The Bacillus Calmette-Guerin (BCG) vaccine, administered to millions of Indian children soon after birth to protect against tuberculosis, could be a "game-changer" in the fight against the deadly coronavirus, say US scientists. The severity of coronavirus impact may be linked to national policies...

Japan to declare coronavirus emergency, launch stimulus of almost $1 trillion - PM

International News       Apr 06, 2020

:  TOKYO: Japan is to impose a state of emergency in Tokyo and six other prefectures as early as Tuesday to contain the coronavirus, while the government prepares a $990 billion stimulus package to soften the economic blow.   Domestic infections topped 4,000, Jiji news reported,...

Tiger at New York's Bronx Zoo tests positive for coronavirus

Facts       Apr 06, 2020

  A tiger at the Bronx Zoo in New York City has tested positive for the respiratory disease caused by the novel coronavirus, in the first known case of a human infecting an animal and making it sick, the zoo’s chief veterinarian said on Sunday.   Nadia,...

Experts urge smokers and tobacco firms to quit for COVID-19

Facts       Apr 06, 2020

  London: Health experts on Monday urged smokers to quit and cigarette companies to stop producing and selling tobacco products to help reduce the risks from COVID-19.   “The best thing the tobacco industry can do to fight COVID-19 is to immediately stop producing, marketing and selling...

Life Insurers will not cite ``force majure' for settling Covid-19 death claims

Indian News       Apr 06, 2020

      New Delhi: The Life Insurance Council on Monday said all the insurers are duty-bound to settle claims if a death occurs due to COVID-19.   All life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest, the...

COVID-19 death toll rises to 109, number of cases to 4,067: Health Ministry

Indian News       Apr 06, 2020

  New Delhi: COVID-19 death toll rises to 109, number of cases to 4,067: Health MinistryNew Delhi, Apr 6 (PTI) The death toll due to novel coronavirus rose to 109 and the number of cases in the country climbed to 4,067 on Monday, according to the...