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Downbeat Indian consumers withhold spending amid pandemic, says RBI survey

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  Mumbai: Consumer sentiment in India stayed put near a record low in July, weighed down by lower income and higher cost of living, according to a Reserve Bank of India survey. The current situation index was at 48.6 in July from 48.5 in May, showed the...

No work, no food: Pandemic deepens global hunger

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

The economic catastrophe set off by Covid-19, now deep into its second year, has battered millions of people. In South Africa and many other countries, far more have been pushed over the edge. An estimated 270 million people are expected to face potentially...

Sebi board agrees in principle to ‘controlling shareholders’ concept

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Indian News, Regulation

  Mumbai: Markets regulator Sebi on Friday agreed ''in-principle'' to a proposal to move from the concept of the promoter to ''controlling shareholders'', and decided to reduce the minimum lock-in period for promoters post an IPO....

South Korea to compensate nurse paralysed after Covid-19 shot

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

SEOUL: For the first time in South Korea, a nursing assistant who was paralysed after receiving a Covid-19 vaccine was recognised as a victim of an industrial accident, making her eligible for government benefits and compensation. The nursing assistant, who has not...

Tokyo Olympics cost USD 15.4 billion. What else could that buy?

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Facts, Non-Life

The official price tag for the Tokyo Olympics is USD 15.4 billion, which a University of Oxford study says is the most expensive on record. What else could those billions buy? The ballpark figure for building a 300-bed hospital in Japan is USD 55 million. So you could...

Africa Specialty risks launches Bermuda reinsurer

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, International News

  London: Africa Specialty Risks (“ASR”), the pan-African focused reinsurance group, has launched a licensed reinsurance entity in Bermuda. The Group will offer a full suite of products from its Bermudan reinsurer, including Political Risk & Trade...

COVID-19 Pandemic:UK govt partners with Lloyd’s to launch $1 Billion reinsurance scheme to cover music festivals

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

  London: Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events against cancellation risk due to the COVID-19 pandemic, after intense industry lobbying. Insurers stripped...

DST receives 478 proposals to study effects of yoga, meditation in fighting Covid

by AIP Online Bureau | Aug 6, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

New Delhi: The Department of Science and Technology (DST) received 478 proposals under the SATYAM programme to study effects of yoga and meditation in fighting COVID-19, Science and Technology Minister Jitendra Singh said on Friday. In a written reply to a question in...

Medium, heavy passenger EVs increase from 124 in 2018 to 1,356 as on date: Gadkari

by AIP Online Bureau | Aug 6, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Technology

  New Delhi: The number of electric vehicles operating in the medium and heavy passenger vehicle category has increased from 124 in 2018 to 1,356 as of date, Parliament was informed on Thursday. In a written reply to a query in the Lok Sabha, Road Transport and...

Moody’s to acquire risk modelling firm RMS for $2 billion

by AIP Online Bureau | Aug 6, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Risk Management, Technology

  NEW YORK: Moody's Corporation  and RMS announced today that they have entered into a definitive agreement for Moody’s to acquire RMS, a leading global provider of climate and natural disaster risk modeling and analytics, for approximately $2.0...
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