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Novavax aims for 2 billion COVID-19 vaccine doses with expanded India deal

by AIP Online Bureau | Sep 15, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

U.S. drug developer Novavax Inc said on Tuesday it was doubling its potential COVID-19 vaccine manufacturing capacity to two billion doses annually under an agreement with Serum Institute of India, sending its shares up about 7%. In August, Novavax signed a deal with...

Forecasts of heavy rains raise fear for summer crops in India

by AIP Online Bureau | Sep 15, 2020 | Eco/Invest/Demography, Indian News, Non-Life

MUMBAI/NEW DELHI: Forecasts of heavy rains across key central and western growing regions of India have stoked fears of potential crop losses in the second half of September, farm experts and industry officials said. Last week, the state-run weather office said the...

Parliament passes bill to give statutory status to aviation regulators

by AIP Online Bureau | Sep 15, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

  New Delhi: Parliament on Tuesday passed a bill which seeks to improve India's aviation safety ratings and provide statutory status to regulatory institutions, including the Directorate General of Civil Aviation (DGCA). The Aircraft (Amendment) Bill, 2020...

China’s Anbang Insurance Group to apply to disband, liquidate

by AIP Online Bureau | Sep 15, 2020 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management

  BEIJING: China’s Anbang Insurance Group said on Monday that it will apply to the country’s banking and insurance regulator to disband and liquidate the company, a step towards the official end of the once high-flying conglomerate. The government...

Pandemic’s ‘great reset’ makes energy firms invest more in renewables: executives

by AIP Online Bureau | Sep 15, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life

  SINGAPORE:  The economic trauma caused by the coronavirus pandemic persuaded energy companies to step-up investments in renewables, hydrogen and other low carbon alternatives, but fossil fuels will remain dominant for the foreseeable future, industry...

India’s tally of coronavirus infections nears 5 million

by AIP Online Bureau | Sep 14, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

MUMBAI: India reported 83,809 new coronavirus infections for its lowest daily jump in a week, the health ministry said on Tuesday. The world’s second-most populous nation appeared to be on course to cross the milestone of 5 million cases on Wednesday, as its...

Funds and firms call for tougher 2030 EU climate target

by AIP Online Bureau | Sep 14, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

BRUSSELS: Investors managing trillions in assets and more than 120 business leaders called on the European Union to commit to cut emissions by at least 55% by 2030 on Tuesday, saying anything less would fail to unlock the private financing needed.This would be in line...

China coronavirus vaccine may be ready for public in November: official

by AIP Online Bureau | Sep 14, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

BEIJING: Coronavirus vaccines being developed in China may be ready for use by the general public as early as November, an official with the Chinese Center for Disease Control and Prevention (CDC) said. China has four COVID-19 vaccines in the final stage of clinical...

COVID-19 has set global health progress back decades – Gates Foundation

by AIP Online Bureau | Sep 14, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  LONDON: The knock-on effects of the coronavirus pandemic have halted and reversed global health progress, setting it back 25 years and exposing millions to the risk of deadly disease and poverty, a report by the Bill & Melinda Gates Foundation warned on...

‘Developing Asia’ to shrink for first time in nearly six decades: ADB

by AIP Online Bureau | Sep 14, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

MANILA: The coronavirus pandemic will cause economic output in “developing Asia” to shrink for the first time in nearly six decades in 2020 before it bounces back next year, the Asian Development Bank said on Tuesday. “Developing Asia”, which...
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