International News

FWD completes MetLife Hong Kong acquisition

Life       Jul 02, 2020

  HONG KONG: FWD Management Holdings Limited, the Hong Kong registered business of FWD Group, announced it has completed the acquisition of MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited from MetLife, Inc. (NYSE: MET).   The acquisition further strengthens FWD's presence, market share,...

Musk says Tesla is building 'RNA microfactories' for CureVac

Eco/Invest/Demography, Health, Pandemic       Jul 02, 2020

Tesla Inc  is building “RNA microfactories” for coronavirus vaccine developer CureVac in Germany, the electric carmaker’s chief executive officer, Elon Musk, tweeted on Wednesday. CureVac, an unlisted German company, has said it is developing transportable, automated mRNA production units that it calls printers. They will...

Another COVID-19 wave in 2nd half of 2020 could result in loss of 340 mln full-time jobs: ILO

  Geneva: The ILO has warned that if another COVID-19 wave hits in the second half of 2020, there would be global working-hour loss of 11.9 per cent - equivalent to the loss of 340 million full-time jobs.   According to the 5th edition of International Labour...

Insurers anticipated a pandemic but could have responded better,says exec

  London:  Insurers were aware of the risk of a global pandemic, but their response to the current one could have been better, according to David Williams, managing director of underwriting and technical services at AXA Insurance UK PLC.   His comments come amid disputes about whether...

SoftBank-backed Lemonade raises $319 million in IPO

New York: Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp said it raised $319 million in its U.S. initial public offering.   Lemonade is the latest company to capitalize on the sharp recovery in U.S. investor appetite for new stocks following the coronavirus...

Fauci, CDC chief raise concerns about full airline flights

Washington: The US government's top experts in infectious diseases have criticised American Airlines' decision to pack flights full while the coronavirus outbreak continues to grow across much of the United States.   "Obviously that is something that is of concern. I'm not sure what went into...

Huge acceleration of clean energy innovation needed to meet net zero target: IEA

LONDON: A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday.   The 2015 Paris Agreement set a target to curb global warming and reach...

Millions at risk in Bangladesh as monsoon floods add to coronavirus worries

  DHAKA: Hundreds of thousands of people in Bangladesh have been marooned and thousands of hectares of farmland submerged, officials said on Wednesday, as floods triggered by monsoon rains ravage the country already grappling with the coronavirus.   Officials said the flooding in Bangladesh was made worse...

From Parkinson's to peanut allergy, pandemic puts brakes on new drugs

  Treatments for peanut allergy and Parkinson’s disease are among U.S. drug launches that have been postponed by the COVID-19 pandemic as drugmakers struggle with disruptions to business, a Reuters review of filings and interviews with executives show.   The Food and Drug Administration (FDA) has approved...

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