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Indian

India medical body says no to reopening tourism due to COVID-19 threat

“Tourist bonanza, pilgrimage travel, religious fervour are all needed, but can wait for few more months,” the IMA said, adding that opening up for these rituals and enabling unvaccinated people to go to these mass gatherings are “potential super spreaders for the COVID third wave.”

Third Covid wave might have set in India on July 4:: Top Hyderabad scientist

Dr Vipin Srivastava, who has developed a method to observe the pattern of the number of cases and deaths for the past 463 days, said July 4 appears to be similar to what it was during the first week of February this year when the second wave was said to have set in.

According to his analysis, whenever there is a crossover from an increasing trend to a decreasing trend in daily deaths or vice versa, the Daily Death Load (DDL) fluctuates ‘wildly’.

International

Boeing Creates $50M Crash Victims’ Fund

Boeing reiterated on Wednesday that the money distributed through the fund would be independent from the outcome of any lawsuits. The company is facing a slew of litigation from the families of victims of both crashes.

Harvard University invests in Litigation Finance Fund

Litigation finance has made inroads with law firms and litigants around the world, with investors committing an estimated $9 billion over the long-term to the growing industry, according to Bloomberg Intelligence. The funds, which have been knocked for fueling more lawsuits, pursue strategies from financing cases against corporations to providing cash advances to individual plaintiffs in exchange for a share of settlements.

More than one in 10 firms losing over $10 million due to cyberattacks:Willis Towers Watson

“Other than the direct costs such as financial expenses and fines arising as a result of cyber breaches, indirect costs such as opportunity costs, reputational damage and loss of customers can be equally or even more costly to companies. While the immediate losses from an incident may not be catastrophic, it may take more than five years for a company to feel the full financial consequences, particularly if a company has lost their competitive advantage as a market leader. It is therefore important for companies to take an integrated approach in assessing and managing their reputational risks,” added Jessica Wright, Cyber Leader Asia, Corporate Risk & Broking at Willis Towers Watson

Shipping firms begin hiring unarmed guards for voyages in Middle East Gulf

-Jim Hilton, managing director with maritime security company PVI, said while a ship’s crew were able to carry out functions including increased watches and regular walk-rounds of the vessel, external support could provide “psychological comfort.”

-Additional insurance premiums are up tenfold, adding as much as $100,000 in costs for a supertanker sailing on a seven-day trip, ship insurers added

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