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ILO warns Indian states on scrapping of workers’ rights

by AIP Online Bureau | May 14, 2020 | Eco/Invest/Demography, Indian News, Workplace/Employee Benefits

NEW DELHI/AHMEDABAD: The U.N. labour agency urged Indian states thinking of relaxing workers’ rights to help industry survive the coronavirus to consult workers first as a union linked to India’s ruling party said it would protest the planned moves.Six...

Germany must stabilise social security system with cash injection: officials

by AIP Online Bureau | May 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pension & Social Security

  BERLIN: Germany will have to stabilise its social security system with cash injections to cushion the effect of coronavirus on health, the labour market and pensions, officials said on Thursday, an effort experts estimate could cost many billions of euros....

AXA’s Garance Wattez-Richard bags “Geneva Association Women in Insurance Award” for initiatives on underserved populations

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

  Zurich: The first annual Geneva Association Women in Insurance Award goes to Garance Wattez-Richard, CEO of AXA Emerging Customers, for her work to tackle the insurance protection gap in emerging markets and protect underserved populations. Charles Brindamour,...

Managing Millennial Mindset

by AIP Online Bureau | May 14, 2020 | Articles, Eco/Invest/Demography, Life, Non-Life, Pension & Social Security, Technology

  Capgemini and Efma’s World Insurance Report 2020, published today, reveals that consumers of all ages are adopting a ‘millennial mindset’, and increasingly trusting their own research through various channels to source information and purchase...

Sitharaman unveils second tranche of relief for migrant workers, small farmers & poor

by AIP Online Bureau | May 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Finance Minister Nirmala Sitharaman on Thursday said  announced a Rs 3.16 trillion package of free foodgrains for migrant workers, concessional credit to farmers and working capital loan for street vendors as part of the second tranche of fiscal...

Global trade fell 3% in Q1 of 2020 due to Covid-19; may slide further: UN

by AIP Online Bureau | May 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  New Delhi: The coronavirus pandemic has led to a three per cent drop in global trade in the first quarter of 2020 and this downturn is expected to accelerate in the next quarter to project a whopping quarter-on-quarter decline of 27 per cent, the UN trade body...

Lloyd’s of London to pay up to $4.3 billion in coronavirus claims

by AIP Online Bureau | May 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

LONDON: Lloyd’s of London is likely to pay out $3.0-4.3 billion in claims related to the coronavirus pandemic and underwriting and investment losses for the global non-life insurance sector could reach a record $203 billion, Lloyd’s said on...

WeWork directors seek to preserve right to sue SoftBank over failed $3 billion tender

by AIP Online Bureau | May 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp (9984.T) over an abandoned $3 billion tender offer for the office space-sharing...

U.N. warns of global mental health crisis due to COVID-19 pandemic

by AIP Online Bureau | May 14, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

LONDON: A mental illness crisis is looming as millions of people worldwide are surrounded by death and disease and forced into isolation, poverty and anxiety by the pandemic of COVID-19, United Nations health experts said on Thursday.   “The isolation, the...

Temperature checks, masks the new normal for air travel, says Dubai airport CEO

by AIP Online Bureau | May 14, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

   DUBAI: Temperature screening and face masks will become common sights at airports to mitigate the spread of the new coronavirus but physical distancing could make flying more expensive, the head of Dubai airport said. Around the world, governments,...
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