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Aviation sector has biggest pandemic default risk:insurance survey

Pandemic-related credit insurance claims are, however,likely to rise later this year or early next year, as businesses struggle to stave off default, said Matthew Solley, managing director of structured credit and political risks at Gallagher.

Aviation, oil and energy, and tourism were the three sectors in their portfolios that concerned insurers the most.

Chinese artificial intelligence company files $1.4 bn lawsuit against Apple In patent fight

The company is calling for 10 billion yuan ($1.4 billion) in damages and demands that Apple cease “manufacturing, using, promising to sell, selling, and importing” products that infringe on the patent, it said in a social media post.In the lawsuit filed in a local Chinese court, Xiao-i argued that Apple’s voice-recognition technology Siri infringes on a patent that it applied for in 2004 and was granted in 2009.

Rich nations rush to lock up Covid vaccines:What about rest of the world?

The World Health Organization, the Coalition for Epidemic Preparedness Innovations, and Gavi, the Vaccine Alliance are working together to bring about equitable and broad access. They outlined an $18 billion plan in June to roll out shots and secure 2 billion doses by the end of 2021

India may see the most Covid 19 cases in the world

It’s looking increasingly likely that India will wind up being the country with the most cases in the world. This is not just a function of its massive population; China, too, has over 1 billion people. It is a reflection of the fact that big, diverse countries are at a disadvantage in dealing with pandemics

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