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Indian
Cyclone Asani weakens as it approaches Andhra coast
According to the weather office, the cyclone could damage thatched...
Finmin invites applications for CVOs in PSU banks, insurers
CVO position would also fall vacant in New India Assurance Co and...
Max Financial Q4 profit doubles to Rs 144 cr
Max Life’s assets under management (AUM) were at Rs 1,07,510 crore...
Equity MFs see Rs 15,890-cr inflow in April amid volatile stock market
All the equity-oriented categories received net inflows in April...
International
Normalcy may return by winter 2021, says COVID-19 vaccine creator
A new COVID vaccine’s impact will work significantly over the summer and life should be back to normal by next winter, Prof Ugur Sahin, co-founder of BioNTech, whose vaccine candidate has proved to prevent over 90 per cent people from getting Covid-19, as per preliminary reports. The Pfizer-BioNTech is one of the 11 vaccines in their final tests.
This winter would still be hard, he said in an interview on the BBC’s Andrew Marr Show.
Munich Re and Porsche form JV, to offer innovative manufacturing, software and financial mangement expertise
Torsten Jeworrek, member of Munich Re’s Board of Managementsaid,“With the FlexFactory, we and our partners have created a future-oriented platform for opening up new markets, which addresses a central challenge of modern production. Our cooperation once again underlines Munich Re’s innovative power and solution competence as a risk manager and financing expert for Industry 4.0.”
Moderna says its COVID-19 Vaccine is over 94% effective
A preliminary analysis of data from more than 30,000 volunteers showed Moderna’s vaccine prevented virtually all symptomatic cases of Covid-19, the disease caused by the coronavirus, the company said in a statement on Monday.
A key advantage of Moderna’s vaccine is that it does not need ultra-cold storage like Pfizer’s, making it easier to distribute. Moderna expects it to be stable at standard refrigerator temperatures of 2-8 degrees Celsius (36-48°F) for 30 days and it can be stored for up to 6 months at -20 degrees Celsius.
Annual global modeled insured average Cat losses in 2020 at $100 billion:AIR Worldwide
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