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Sebi eases surveillance steps implemented to curb Covid-induced volatility

by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, Indian News, Pandemic, Risk Management

Mumbai: Regulator Sebi on Wednesday relaxed certain surveillance measures, including those pertaining to market wide position limits, that were put in place eight months ago to curb volatility in the markets due to the coronavirus pandemic. Citing the "changed...

Bank operations may be hit by unions’ one-day nationwide strike on Thursday

by AIP Online Bureau | Nov 25, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

Mumbai: Banking operations across the country may be impacted on Thursday as some bank unions would be joining the one-day nationwide strike called by central trade unions. Ten central trade unions, except Bharatiya Mazdoor Sangh, will observe the nationwide general...

Global coronavirus cases surpass 60 million infections 

by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  The global tally of confirmed coronavirus cases hit 60 million on Wednesday, with the pace of new infections accelerating and the United States reporting record numbers of hospitalizations, according to a Reuters tally.Officials in the United States, the...

No benefit seen from plasma treatment in severe COVID-19; virus may hurt male fertility

by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. Plasma treatment shows no benefit in severe COVID-19 Blood plasma from...

Adults, children must move more to stay fit in pandemic era – WHO

by AIP Online Bureau | Nov 25, 2020 | Facts, Health, Pandemic

GENEVA: All adults should do a minimum of 150 minutes of vigorous physical activity per week, even more vital for well-being and mental health in the COVID-19 era, the World Health Organization (WHO) said on Wednesday in its first guidance in a decade.It recommended...

Nivar makes landfall, weakens into severe cyclonic storm

by AIP Online Bureau | Nov 25, 2020 | Disaster & Management, Eco/Invest/Demography, Indian News

Chennai: Very severe cyclonic storm Nivar made landfall near Puducherry in the early hours of Thursday, bringing heavy rains to the union territory and neighbouring Tamil Nadu, India Meteorological Department (IMD) officials said. Nivar weakened into a severe cyclonic...

Cyclone Nivar: Chennai airport to remain closed till Thursday morning

by AIP Online Bureau | Nov 25, 2020 | Disaster & Management, Eco/Invest/Demography, Indian News

New Delhi: The Chennai international airport has been closed till 7 AM on Thursday amid bad weather conditions caused by Cyclone Nivar, the Civil Aviation Ministry said. Gusty winds and rains lashed parts of Tamil Nadu on Wednesday, leaving several areas inundated....

SCOR CEO sees double-digit reinsurance rate rises

by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on Wednesday. SCOR, one of the world’s largest reinsurers, has...

AIA pares coal investments, faces environment group scrutiny

by AIP Online Bureau | Nov 25, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Life

  AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers...

Fintechs seen eating into market share of established insurers, EU says

by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Risk Management, Technology

LONDON : Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech firms are expected to offer insurance, helped by the impact...
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