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Global InsurTech sector sees record investment, surges 180 % to $2.55 billion in Q1 2021

by AIP Online Bureau | Apr 28, 2021 | Eco/Invest/Demography, International News, Life, Non-Life, Technology

  London, Apr 28: As fundraising activity in the global InsurTech sector continues to rebound from its brief COVID-19 related slowdown a year ago, global investment in the sector reached a new quarterly high of US$2.55 billion during the first quarter of 2021....

Four patients die in fire at private hospital in Maharashtra’s Thane

by AIP Online Bureau | Apr 28, 2021 | Health, Indian News, Non-Life

Mumbai: Four patients died after a fire broke out at a private hospital near Thane in Maharashtra in the wee hours of Wednesday, a civic official said. The patients died while being shifted to other hospitals after the blaze and not due to burns, the official said....

Earthquake of magnitude 6.0 strikes India’s Assam-USGS, some buildings damaged

by AIP Online Bureau | Apr 28, 2021 | Disaster & Management, Eco/Invest/Demography, Indian News

An earthquake of magnitude 6.0 struck India's northeastern state of Assam on Wednesday, damaging some buildings, residents said. State authorities said they were checking for any casualties. The United States Geological Survey said the quake hit at a depth of 34...

India’s second COVID-19 wave may impede economic recovery, says S&P

by AIP Online Bureau | Apr 28, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

Credit rating agency S&P Global said on Wednesday the second wave of COVID-19 infections in India could impede the country's economic recovery and expose other nations to further waves of outbreaks. "In addition to the substantial loss of life and...

Russia fines Apple $12 mln for alleged app market abuse

by AIP Online Bureau | Apr 28, 2021 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

  Russia said it had fined Apple $12 million for alleged abuse of its dominance in the mobile applications market, in the latest dispute between Moscow and a Western technology firm. The Federal Antimonopoly Service (FAS) said on Tuesday that U.S. tech giant...

India’s GDP to grow at 11% this fiscal, surge in COVID cases may put economic recovery at risk: ADB

by AIP Online Bureau | Apr 28, 2021 | Eco/Invest/Demography, Health, International News, Pandemic

  New Delhi: The Indian economy is projected to grow at 11 per cent in the current financial year amid the ''strong'' vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases may put the country's economic...

India adds over 3.60 lakh fresh COVID-19 cases in single day

by AIP Online Bureau | Apr 27, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: India saw a record single-day rise of 3,60,960 coronavirus cases, which pushed the total tally to 1,79,97,267, according to Union health ministry data updated on Wednesday.  A further 3,293 deaths, the deadliest day so far, took the death toll...

Sanofi to produce Moderna coronavirus vaccine

by AIP Online Bureau | Apr 27, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

The French pharmaceutical company Sanofi will help manufacture the Moderna coronavirus vaccine beginning in September, joining other companies assisting with the production of one of the three vaccines now approved in the US. Under the agreement announced Monday,...

Oil spill near China’s Qingdao port after ship collision in fog

by AIP Online Bureau | Apr 27, 2021 | Uncategorized

  A tanker carrying around one million barrels of bitumen mix was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, Chinese maritime officials and tanker representatives said on Tuesday. The collision involving the...

Bankers call for more bang to Britain’s big finance fightback

by AIP Online Bureau | Apr 27, 2021 | Eco/Invest/Demography, International News, Policy, Regulation

  London: Shortly after Britain left the European Union, finance minister Rishi Sunak pledged a series of measures he dubbed “Big Bang 2.0” to ensure the City of London remained one of the world’s top financial centres. Four months on, many...
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