SIRC  26

Indian

International

Trump cuts WHO funding over coronavirus, global toll mounts

Trump, who has reacted angrily to criticism of his administration’s response to the worst epidemic in a century, has become increasingly hostile towards the WHO.

The Geneva-based organisation had promoted China’s “disinformation” about the virus that likely led to a wider outbreak than otherwise would have occurred, Trump said.

The United States is the biggest overall donor to the WHO, contributing more than $400 million in 2019, roughly 15% of its budget.

Bermuda’s “resilient” re/insurance market continues to meet global clients’ needs amid COVID-19

“The re/insurance industry excels in time of disruption and catastrophes—managing risk during natural and man-made disasters is our strength,” said John M. Huff, President & CEO of Association of Bermuda Insurers & Reinsurers (ABIR), noting the Bermuda market is well capitalized and works closely with regulators and policy makers globally on the economic potential of any significant events. “The industry has a proven track record of responding successfully during critical moments in history and we will continue to do so as the world faces and recovers from the COVID-19 pandemic.”

Stocks rise gains on China trade data, easing pandemic fears

In Europe, thousands of shops across Austria are set to re-open on Tuesday. Spain recorded its smallest proportional daily rise in the number of deaths and new infections since early March and let some businesses return to work on Monday.

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