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G7 officials vow to fight ransomware attacks; say stablecoin needs regulation

by AIP Online Bureau | Oct 16, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology

  Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic, and said no stablecoin operation should start until it is properly regulated. In a joint statement, the finance...

COVID-19 caseload in India rises to 73,70,468

by AIP Online Bureau | Oct 16, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

New Delhi: India's COVID-19 caseload rose to 73,70,468 with 63,371 new infections being reported in a day, while the number of people who have recuperated from the disease crossed 64 lakh pushing the recovery rate to 87.56 per cent, according to the Health...

TCS launches 10 cyber threat management centres globally

by AIP Online Bureau | Oct 16, 2020 | Eco/Invest/Demography, Facts, Non-Life, Risk Management, Technology

IT services major TCS on Thursday said it has launched 10 new Threat Management Centres (TMC) across locations – including the US, UK, Spain and India – for providing cyber security services to its enterprise customers. "In response to heightened...

Vaccine cooperation, recovery could boost global income $9 trillion by 2025, IMF chief says

by AIP Online Bureau | Oct 16, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

WASHINGTON/NEW YORK: Strong international cooperation on COVID-19 vaccines could speed up the world economic recovery and add $9 trillion (6.9 trillion pounds) to global income by 2025, International Monetary Fund Managing Director Kristalina Georgieva said on...

WHO study says remdesivir did not cut hospital stay or mortality in COVID-19 patients

by AIP Online Bureau | Oct 15, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic

Gilead Sciences Inc’s remdesivir had little or no effect on COVID-19 patients’ length of hospital stay or chances of survival, a clinical trial by the World Health Organization (WHO) has found.The antiviral medication, among the first to be used as a...

Risk Management: COVID-19 spurs collaboration and innovation

by AIP Online Bureau | Oct 15, 2020 | Articles, Eco/Invest/Demography, Non-Life, Pandemic, Reinsurance, Risk Management

By Tim Smith, Head of Client Management, UK, AXA XL In these unprecedented times for us all, innovation in the insurance industry has not slowed – indeed, responses to the COVID-19 pandemic have in many cases accelerated innovation and change. The pandemic has...

India witnessing V-shaped recovery, govt steps to spur economic growth: FM

by AIP Online Bureau | Oct 15, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: Finance Minister Nirmala Sitharaman on Thursday said V-shaped pattern of recovery is being seen in several high-frequency indicators, driven by various measures taken by the government to revive economic growth, hit hard by the outbreak of Covid-19...

Health insurance premiums have risen by only 5%:IRDAI

by AIP Online Bureau | Oct 15, 2020 | Eco/Invest/Demography, Health, Indian News, Regulation

Mumbai: In the last few months, the insurance regulator IRDAI has only allowed five per cent rise in the premiums of few health insurance products, said D. V. S. Ramesh, general manager,IRDAI. “Out of 200 health insurance products, only 50 have seen rate...

IMF data shows pandemic will push China GDP growth well beyond US

by AIP Online Bureau | Oct 15, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

The Covid-19 pandemic will produce lasting shifts to global growth, pushing China even more to the forefront. The proportion of worldwide growth coming from China is expected to increase from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg calculations using...

Oxford scientists develop five-minute COVID-19 antigen test

by AIP Online Bureau | Oct 15, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic

LONDON: Scientists from Britain’s University of Oxford have developed a rapid COVID-19 test able to identify the coronavirus in less than five minutes, researchers said on Thursday, adding it could be used in mass testing at airports and businesses. The...
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