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Indian
Man loses Rs 14 lakh to fraudsters offering Rs 50 lakh loan on `insurance policies’
The accused lured victims with low interest rate loan offers...
Equity investors turn richer by Rs 16.36 lakh crore in 2022
In 2021, equity investors reaped handsome rewards as their wealth...
Income tax exemption might be extended to Rs 5 lakh in budget, say sources
For persons in the age bracket of 60-80 years, the exemption limit...
Next 40 days crucial as India may see COVID cases surge in mid-January: Health Ministry Sources
As there have been reports of a surge in COVID cases in some...
International
Big oil may get more climate lawsuits after Shell ruling -lawyers, activists
X-Press Pearl loss will add to insurers’ container ship headaches
Insurers will face hull and machinery, cargo and liability claims, although there is still much uncertainty about the size of the loss. The vessel itself was only three months old; it is unclear how much the hull was insured for and which company insured it.
Rob Hawes, head of marine at loss adjuster Crawford & Co. estimated that the cargo loss could be between $30 million and $50 million, based on the X-Press Pearl’s 2,700 container capacity and an assumption that a container houses an average of $15,000 to $20,000 of goods.
B1617 variant spreading worldwide at ‘frightening speed’: Experts
“What is frightening is the speed at which this variant is able to spread and circulate widely within the community, often surpassing the capability of contact-tracing units to track and isolate exposed contacts to break the transmission chains, a Professor Teo Yik Ying, Dean of the National University of Singapore’s (NUS) Saw Swee Hock School of Public Health, was quoted as saying.
“It has the potential to unleash a bigger pandemic storm than the world has previously seen,” Ying added.
UK in early stages of 3rd wave of coronavirus, warns Indian-origin scientist
Professor Ravi Gupta of the University of Cambridge, who is a member of the government’s New and Emerging Respiratory Virus Threats Advisory Group (Nervtag), said although new cases were “relatively low” the B.1.617 variant of the COVID-19 had fuelled “exponential growth”, the BBC reported.
On Sunday, the UK reported more than 3,000 new COVID infections for a fifth day in a row. Prior to this, the UK had not surpassed that number since April 12.
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