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Treating Covid may lead to increased antibiotic resistance, UK study finds

by AIP Online Bureau | Aug 25, 2020 | Eco/Invest/Demography, Facts

London: The use of antibiotics in people with COVID-19 could lead to raised levels of the drugs within rivers or coastal waters which may in turn result in an increase in antimicrobial resistance, according to a UK study. Patients hospitalised due to the novel...

Coronavirus most prevalent among those aged between 5 and 17: Sero survey

by AIP Online Bureau | Aug 25, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: Minors aged between 5 and 17 are most exposed to the novel coronavirus in Delhi, according to a serological survey conducted in the city this month. Conducted between August 1 and August 7, the survey, second in the city, showed that 29.1 percent of...

Hedge Fund collects $3 billion as wildfire insurance claims

by AIP Online Bureau | Aug 24, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the matter. The payout...

Global dividend plunge to be worst since financial crisis

by AIP Online Bureau | Aug 24, 2020 | Eco/Invest/Demography, International News, Pandemic

  LONDON: The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17%-23% this year or what could be as much as $400 billion, a new report has shown, although sectors such as tech are fighting the trend. Global dividend...

China vows support for Hong Kong as Financial Hub

by AIP Online Bureau | Aug 24, 2020 | Eco/Invest/Demography, International News, Policy, Regulation

  China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the U.S. China will provide support for its financial institutions doing...

India’s COVID-19 tally rises to 31,67, 323; death toll climbs to 58,390

by AIP Online Bureau | Aug 24, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: With 60,975 people testing positive for coronavirus infection in a day, India's COVID-19 tally rose to 31,67,323, while recoveries surged to 24,04,585 pushing the recovery rate over 75.92 per cent, according to the Union Health Ministry data. The...

More than 60 survivors pulled from collapsed building in India

by AIP Online Bureau | Aug 24, 2020 | Eco/Invest/Demography, Indian News

MUMBAI: Rescue workers pulled more than 60 people alive from the rubble of a collapsed building in an industrial town near India’s financial capital Mumbai, a senior official said on Tuesday, as rescue efforts continued. The five storey building near a slum...

LIC launches new Annuity Plan

by AIP Online Bureau | Aug 24, 2020 | Indian News, Life, Pension & Social Security

  Mumbai:  State owned Life Insurance Corporation (LIC) has introduced its new LIC’s Jeevan Akshay. a single premium, non-linked, non-participating, individual immediate annuity plan with effect from 25th August, The policyholders have an option to...

Axis Bank cuts stake purchase in Max Life to 17%

by AIP Online Bureau | Aug 24, 2020 | Indian News, Life

  Mumbai: Axis Bank said on Monday it has reduced the size of the stake that it plans to buy in Max Life Insurance to 17% from 29%. Axis Bank, which already holds a minority stake in Max Life, will own an 18% interest in the insurer after the deal, the...

SugarCRM Inc acquiers AI platform for leveraging CRM data

by AIP Online Bureau | Aug 24, 2020 | Eco/Invest/Demography, International News, Technology

  CALIFORNIA : SugarCRM Inc,the innovator of time-aware customer experience (CX), today announced the acquisition of Node Inc, an artificial intelligence (AI) platform that leverages CRM data and vast external sources to deliver an unparalleled level of...
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