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Coronavirus will continue for a year or may be longer: Singapore PM

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Singapore: Singapore Prime Minister Lee Hsien Loong told Singaporeans on Thursday to expect the coronavirus to continue for a year or may be longer as the city state faces a "serious situation" with a "possible spike" in new cases.  ...

Indices log biggest intra-day recovery after plunging 10%, Nifty reclaims 10,000

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

   Mumbai: The Indian equity markets recovered, the biggest-ever intra-day, after hitting 10 per cent lower circuit on Friday.   The S&P BSE Sensex,after hitting the intra-day low of 29,388, was trading around the 34,480 levels, up...

U.S. states scramble to slow virus spread, prevent hospital collapse

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  From cancelling Broadway shows to closing schools, U.S. states are scrambling to slow the spread of coronavirus and stop hospitals from being overwhelmed with a surge in critically ill patients, as has been the case in Italy.After weeks of federal officials...

China government spokesman says U.S. army might have brought virus to China

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

BEIJING: Chinese Foreign Ministry spokesman Zhao Lijian wrote on his Twitter account on Thursday that the U.S. military might have brought the coronavirus to the Chinese city of Wuhan, which has been hardest hit by the outbreak.   “When did patient zero...

Markets suffer record meltdown as global coronavirus alarm grows

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

WASHINGTON/BEIJING: Global markets suffered record falls on Thursday as alarm over the coronavirus intensified, and governments from Ireland to Fiji unveiled new measures to try to slow the spread of a disease that has infected more than 127,000 people worldwide....

Life upended for Americans as U.S. scrambles to contain coronavirus threat

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  NEW YORK/WASHINGTON: From Disneyland to the U.S. Supreme Court, from Wall Street to Dodgers Stadium, nearly every facet of American life fell into turmoil on Thursday as the coronavirus outbreak caused sweeping closures and economic disruption.   As...

‘People are terrified’: Daily life on hold as Americans face coronavirus threat

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

 In Texas, a photographer worries about paying his bills. In Pennsylvania, an aspiring dancer struggles with a canceled audition. In suburban Los Angeles, a mother wonders whether anyone will show up for her son’s bar mitzvah. Across the United States, the...

76-yr-old Karnataka man becomes India’s first COVID-19 death

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  BENGALURU: A 76-year-old man who died two days ago in Karnataka while being treated for suspected coronavirus has become India's first COVID-19 fatality with his samples taken earlier confirming the infection, the state government said on Wednesday.  ...

Lloyd’s of London to shut market for a day on Friday – CEO Lloyd’s

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Reinsurance

  London: The 330-year old Lloyd’s of London market will shut its underwriting floors on Friday for a day in a test of emergency protocols related to the coronavirus, Chief Executive John Neal said on Thursday.   This would be the first time in its...

Insurers face big investment losses, Trade Credit claims from Coronavirus crisis

by AIP Online Bureau | Mar 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life

Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp rise in payouts at a time of big investment losses.   Because epidemics are excluded from many...
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