It’s not known how many small businesses have failed in the pandemic, but different estimates all show devastation. Based on a projection last spring by the National Bureau of Economic Research, the number is likely well into the hundreds of thousands. Data from the work scheduling software company UKG shows that about one in six small businesses have closed their doors since the pandemic began. And the National Restaurant Association, a trade group, said 17% of U.S. restaurants, or more than 110,000, had permanently shut by Dec. 1; it’s likely that many were small or mid-sized businesses.

WHO agrees compensation fund for serious COVAX vaccine side effects

Feb 22, 2021

The programme, which the WHO said was the first and only vaccine injury compensation mechanism operating on an international scale, will offer eligible people “a fast, fair, robust and transparent process”, the WHO said in a statement.

“By providing a no-fault lump-sum compensation in full and final settlement of any claims, the COVAX programme aims to significantly reduce the need for recourse to the law courts, a potentially lengthy and costly process,” the statement said.

UN to rich nations: Don’t undermine Covax vaccination program

Feb 22, 2021

On Friday, leaders of the Group of Seven industrial powers said they would accelerate global vaccine development and deployment and support affordable and equitable access to vaccines and treatments for COVID-19. They cited a collective USD 7.5 billion from the G-7 to U.N.-backed efforts.

Manmade debris poses threat to space operations:Hiscox

Feb 22, 2021

From an insurance perspective, the growth in space debris makes launching new satellites and rockets riskier. It could mean that we require space operators to take additional measures such as having propulsion onboard satellites, so they can change height to avoid collisions and de-orbit when they become obsolete,” said Pascal Lecointe, Space Line underwriter at Hiscox said.

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