by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life
A production slowdown in China stemming from the new coronavirus outbreak will slash global exports by $50 billion in coming months, UN economists said on Wednesday. A fresh report from the UN Conference on Trade, Investment and Development (UNCTAD) said...
by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
The World Bank on Tuesday announced an initial $12 billion in immediate funds to assist countries grappling with the health and economic impacts of the coronavirus outbreak that has spread quickly from China to over 60 countries. World Bank President...
by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Policy
New Delhi: India's top pharmaceuticals export group said the government's curbs on some drug exports amid the spreading coronavirus outbreak has caused panic in Europe and will "severely impact" businesses in the sector.India's list of...
by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Reinsurance
Hyderabad: In a first in the world,the insurance regulator IRDAI, on Wednesday, has asked the Indian insurers to design products covering the costs of treatment for Coronavirus(COVID 19) in the country. Though, global deaths due to the coronavirus...
by AIP Online Bureau | Mar 4, 2020 | Eco/Invest/Demography, Indian News, Life
New Delhi: A country wide survey by the Delhi based Max Life Insurance Company has found that seven in 10 people in India are interested in term plans with return on premium option. “68% Indians or nearly 7 in every 10 individuals consider...
by AIP Online Bureau | Mar 4, 2020 | International News, Reinsurance
BENGALURU/MILAN: Investment group Exor said on Tuesday it has entered a memorandum of understanding (MoU) to sell its 100% stake in Bermuda-based reinsurer PartnerRe to France’s Covea for $9 billion in cash. Covéa has said that the...
by AIP Online Bureau | Mar 4, 2020 | Eco/Invest/Demography, Health
New Delhi: Amid a coronavirus scare, the DGCA on Tuesday asked airlines and airports to take specific measures such as providing protective gears like surgical masks and gloves to crew members and passengers and having multiple hand sanitising points at...
by AIP Online Bureau | Mar 4, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Intermediaries
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from April 1, 2020. The Union Cabinet, she said, has given a...
by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
WASHINGON: The U.S. Federal Reserve cut interest rates by 50 basis points, the largest since global financial crisis, on Tuesday in a bid to shield the world’s largest economy from the impact of the coronavirus, but the emergency move failed to comfort...
by AIP Online Bureau | Mar 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: India has seen the number of coronavirus cases rising to 28, Union Health Minister Harsh Vardhan announced on Wednesday. Benchmark indices were trading lower on Wednesday, dragged down by selling in banks and metal counters, as Harsh Vardhan...
