International News

US lifts Covid-19 travel advisory;urges citizens not to visit India, China

Washington:  The US has lifted the highest level of its global health travel advisory for Americans due to the coronavirus pandemic and restored the previous country-specific system without changing the status of over 50 countries, including that of India and China. The US state department...

S.African regulator working to clarify companies' rights in pandemic insurance claims

  JOHANNESBURG: South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether insurers should pay rejected claims from firms hit by the impact of the coronavirus, it told Reuters on Thursday. Several lawsuits have been filed...

Aviva's new CEO to cut focus on Asia and Europe

Eco/Invest/Demography, Life       Aug 06, 2020

  LONDON: Aviva shares soared to five-month highs on Thursday after the British life, motor and home insurer’s new chief executive Amanda Blanc said it would reduce its focus on Asia and Europe in a strategy shift welcomed by analysts. Blanc took over last month to...

Facebook’s dilemma: How to police claims about unproven COVID-19 vaccines

LONDON/NEW YORK: Since the World Health Organization declared the novel coronavirus an international health emergency in January, Facebook Inc (FB.O) has removed more than 7 million pieces of content with false claims about the virus that could pose an immediate health risk to people who...

University of Washington forecasts 300,000 U.S. COVID-19 deaths

WASHINGTON: Nearly 300,000 Americans could be dead from COVID-19 by Dec. 1, University of Washington health experts forecast on Thursday, although they said 70,000 lives could be saved if people were scrupulous about wearing masks. The latest predictions from the university’s widely cited Institute for...

Beirut's accidental cargo: how an unscheduled port visit led to disaster

Eco/Invest/Demography       Aug 06, 2020

  MOSCOW: The chemicals that went up in flames in Beirut’s deadliest peace-time explosion arrived in the Lebanese capital seven years ago on a leaky Russian-leased cargo ship that, according to its captain, should never have stopped there. “They were being greedy,” said Boris Prokoshev, who...

Morgan Stanley launches Property & Casualty insurance for high net worth clients

Eco/Invest/Demography, Non-Life, Reinsurance       Aug 06, 2020

  NEW YORK: Morgan Stanley announced that it has teamed up with industry-leading insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson to offer Property & Casualty (P&C) insurance. P&C insurance will be available for Morgan Stanley’s high net worth clients and their...

Robots running the industrial world are open to cyber attacks

  Industrial robots are now being used to assemble everything from airplanes to smartphones, using human-like arms to mechanically repeat the same processes over and over, thousands of times a day with nanometric precision. But according to a new report entitled “Rogue Automation,” some robots have...

Container ships sent to Tripoli to keep Lebanon supply lines running

London: Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that killed 145 people also paralyzed vital trade. Lebanon, which imports almost all it uses, relies on container ships to bring in everything from refrigerated...