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COVID-19, electric vehicles to reshape Thailand’s auto industry

by AIP Online Bureau | Jul 16, 2020 | Eco/Invest/Demography, Facts, Non-Life, Pandemic

BANGKOK: The COVID-19 pandemic is accelerating the remaking of Thailand’s automotive industry, the backbone of Southeast Asia’s auto sector, as factory shutdowns compound a shift toward electric vehicles. Thailand’s auto-related businesses, which...

West African Coast re-emerges as hotspot for Piracy,Allianz Says

by AIP Online Bureau | Jul 16, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  The West African coast has overtaken Southeast Asia as the worst area for piracy and kidnappings reported at sea last year, with the number of seafarers seized rising by more than 50%, according to a study. The area, known as the Gulf of Guinea, also recorded...

Skin whitening creams remain online despite mercury findings

by AIP Online Bureau | Jul 16, 2020 | Eco/Invest/Demography, Facts

  Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm, including on platforms run by eBay, Amazon.com and Alibaba, a Reuters review of the...

Swiss Re and PGGM enter into second private sidecar transaction

by AIP Online Bureau | Jul 16, 2020 | International News, Reinsurance

  Zurich: Swiss Re has successfully closed a second private sidecar transaction with the Dutch pension fund manager PGGM. The transaction increases PGGM’s overall investment in Swiss Re’s sidecar vehicle, Viaduct Re Ltd., to over USD...

Capital infusion in 3 state-owned insurers ‘credit positive’,says Moody’s

by AIP Online Bureau | Jul 16, 2020 | Indian News, Non-Life

  New Delhi: Moody's Investors Service said on July 16 that the Rs 12,450-crore capital injection in three state-run insurance companies is 'credit positive' as their capital had been significantly depleted over the last few years. Last week, the...

International flights to US,France begins tomorrow; Germany and UK to follow soon:MinisterPuri

by AIP Online Bureau | Jul 16, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life

New Delhi: India has established individual bilateral bubbles with France and the US that will allow airlines of each country in the pact to operate international flights, Civil Aviation Minister Hardeep Singh Puri on Thursday said, adding that similar arrangement...

Novartis to provide ‘no profit’ COVID-19 drugs to low income countries

by AIP Online Bureau | Jul 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

  ZURICH: Novartis’s Sandoz division will not profit from 15 generic drugs it is making available to developing countries to treat symptoms of COVID-19 for the pandemic’s duration, the Swiss drugmaker said on Thursday.Novartis’s pledge to...

Floods ravage eastern India as coronavirus infections surge

by AIP Online Bureau | Jul 16, 2020 | Eco/Invest/Demography, Indian News, Non-Life

GUWAHATI:  India (Reuters) – Monsoon floods have swamped large parts of India’s densely populated eastern states, forcing more than a million people into makeshift shelters despite the risk of coronavirus, senior officials said on Thursday.Torrential...

Russia to mass produce experimental COVID-19 vaccine – wealth fund head

by AIP Online Bureau | Jul 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

MOSCOW:  Russia plans to produce 30 million doses of an experimental COVID-19 vaccine domestically this year, with the potential to manufacture a further 170 million abroad, the head of the country’s sovereign wealth fund told Reuters.The first human trial...

Russia trying to steal COVID-19 vaccine data, say UK, U.S. and Canada

by AIP Online Bureau | Jul 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

LONDON/OTTAWA: Hackers backed by the Russian state are trying to steal COVID-19 vaccine and treatment research from academic and pharmaceutical institutions around the world, Britain’s National Cyber Security Centre (NCSC) said on Thursday. A co-ordinated...
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