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Financial systems designed in wrong way, Covid-19 has revealed weaknesses:Muhammad Yunus

by AIP Online Bureau | Jul 31, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Pandemic

  NEW DELHI: Nobel laureate and founder of the Grameen Bank, Muhammad Yunus, on Friday said the coronavirus pandemic has given the world a chance to reflect and take "outrageously" bold decisions to create a new order where there is no global warming,...

After OIC,AM Best withdraws its ratings for United India

by AIP Online Bureau | Jul 31, 2020 | Indian News, Non-Life, Regulation

SINGAPORE: After the Oriental Insurance Company(OIC), international rating agency AB Best has withdrawn its ratings for  the state owned United India Insurance Company(UIIC), AM Best has downgraded the Financial Strength Rating (FSR) to C+ (Marginal)...

Pandemic will intensify risks for insurers,says EU watchdog

by AIP Online Bureau | Jul 31, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

LONDON: Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic, and could face lengthy legal battles from claims relating to lockdowns, the bloc’s insurance watchdog said on Thursday. Insurers and...

SC asks Centre to ensure salaries paid to doctors on time

by AIP Online Bureau | Jul 31, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy

  New Delhi: Maharashtra, Punjab, Karnataka and Tripura are yet to follow directives on timely payment of salaries to healthcare workers engaged in COVID-19, the Centre on Friday told the Supreme Court, which said it cannot be "helpless" in implementing...

Children carry COVID-19 virus, small study finds

by AIP Online Bureau | Jul 31, 2020 | Data, Disaster & Management, Eco/Invest/Demography, Health, Pandemic

  Children younger than five carried major amounts of coronavirus in their upper respiratory tract, a small study published on Thursday showed, raising new questions about whether kids can infect others. Data on children as sources of coronavirus spread are...

Antibody drug lowers risk of death in elderly COVID-19 patients – Cuban study

by AIP Online Bureau | Jul 31, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Pandemic

An antibody drug already being used against the coronavirus in Cuba decreased the risk of intensive care admission and death among nursing home residents with moderate COVID-19, according to a small study conducted in the island nation.India’s Biocon Ltd said...

Chinese-backed hackers targeted COVID-19 vaccine firm Moderna

by AIP Online Bureau | Jul 31, 2020 | Eco/Invest/Demography, International News, Technology

WASHINGTON  Chinese government-linked hackers targeted biotech company Moderna Inc, a leading U.S.-based coronavirus vaccine research developer, earlier this year in a bid to steal valuable data, according to a U.S. security official tracking Chinese hacking...

Gilead raises sales outlook to include COVID-19 treatment remdesivir

by AIP Online Bureau | Jul 31, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

Gilead Sciences Inc this month began commercial sales of remdesivir, which is given to hospitalized patients by infusion.The drug was granted emergency use authorization by the U.S. Food and Drug Administration in May after it demonstrated an ability to shorten...

Southeast Asia poverty to surge in ‘socio-economic crisis’:U.N.

by AIP Online Bureau | Jul 31, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

JAKARTA : Southeast Asia is on the brink of a “socio-economic crisis” caused by the COVID-19 pandemic that could reverse decades of poverty reduction, the United Nations has warned. “The crisis threatens to destroy the livelihoods of Southeast...

Govt appoints SN Rajeswari as CMD of Oriental Insurance

by AIP Online Bureau | Jul 30, 2020 | Indian News, Non-Life

  New Delhi: The government on Thursday has appointed SN Rajeswari,58,general manager,New India Assurance(NIA),as the CMD of  Delhi based Oriental Insurance Company.Rajeswari will take over as CMD of OIC on Monday.  After Appointment of Committee of...
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