by AIP Online Bureau | Apr 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
NEW DELHI: Automakers in India want a temporary tax cut on cars, trucks and motorbikes as well as incentives to scrap old vehicles, to try to boost sales and generate revenue after the coronavirus outbreak has brought the economy to a standstill.Passenger...
by AIP Online Bureau | Apr 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
Washington: The world economy, already "sluggish" before the coronavirus outbreak, is now bound to suffer a "severe recession" in 2020, IMF chief Kristalina Georgieva has warned and said the current crisis posed "daunting...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the economic plumbing of this country,”...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Reinsurance
Zurich: Swiss Re’s Chairman Walter B. Kielholz said“Despite the current circumstances, business is running without interruptions at Swiss Re as we continue to handle claims, renew contracts,share our knowledge and innovate. While at this point...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health
“I’m 51 and healthy, but I don’t want to get on the subway,” said John Donohue, a Brooklyn-based artist who bought a bike two weeks ago. Donohue, who doesn’t own a car, says he’s not sure when he’ll be comfortable on...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: The Union Health Ministry said on Friday the rate at which the number of coronavirus cases in the country was becoming double in the last one week was 6.2 days, as against three days before the nationwide lockdown was imposed At a daily media...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Regulation
MUMBAI: The Reserve Bank of India unexpectedly cut its key deposit rate for the second time in three weeks on Friday to discourage banks for parking idle funds with it and push them toward lending to revive the flagging economy amid the coronavirus lockdown. ...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
BERLIN: Germany’s Finance Ministry said on Thursday that the government was setting up a protective shield for credit insurers for 2020 that amounts to 30 billion euros ($32.66 billion) and will guarantee business volume of around 400 billion euros. In...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses across the industry. Oliver Bäte said in an interview with Bloomberg Television that while the...
by AIP Online Bureau | Apr 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
Beijing: The Asian Infrastructure Investment Bank (AIIB),a multilateral development bank, is currently reviewing projects from several of its 102 members, many in collaboration with other multilateral development banks, including $500-million project in...
