International News

Novavax aims for 2 billion COVID-19 vaccine doses with expanded India deal

Eco/Invest/Demography, Health, Non-Life, Pandemic       Sep 15, 2020

U.S. drug developer Novavax Inc said on Tuesday it was doubling its potential COVID-19 vaccine manufacturing capacity to two billion doses annually under an agreement with Serum Institute of India, sending its shares up about 7%. In August, Novavax signed a deal with Serum Institute,...

China’s Anbang Insurance Group to apply to disband, liquidate

  BEIJING: China’s Anbang Insurance Group said on Monday that it will apply to the country’s banking and insurance regulator to disband and liquidate the company, a step towards the official end of the once high-flying conglomerate. The government took control of Anbang in February 2018...

Pandemic's 'great reset' makes energy firms invest more in renewables: executives

  SINGAPORE:  The economic trauma caused by the coronavirus pandemic persuaded energy companies to step-up investments in renewables, hydrogen and other low carbon alternatives, but fossil fuels will remain dominant for the foreseeable future, industry executives said. Reeling from the onset of the pandemic, global oil...

Funds and firms call for tougher 2030 EU climate target

BRUSSELS: Investors managing trillions in assets and more than 120 business leaders called on the European Union to commit to cut emissions by at least 55% by 2030 on Tuesday, saying anything less would fail to unlock the private financing needed.This would be in line...

China coronavirus vaccine may be ready for public in November: official

Eco/Invest/Demography, Health, Non-Life, Pandemic       Sep 15, 2020

BEIJING: Coronavirus vaccines being developed in China may be ready for use by the general public as early as November, an official with the Chinese Center for Disease Control and Prevention (CDC) said. China has four COVID-19 vaccines in the final stage of clinical trials....

Bill Gates

COVID-19 has set global health progress back decades - Gates Foundation

Eco/Invest/Demography, Health, Pandemic       Sep 15, 2020

  LONDON: The knock-on effects of the coronavirus pandemic have halted and reversed global health progress, setting it back 25 years and exposing millions to the risk of deadly disease and poverty, a report by the Bill & Melinda Gates Foundation warned on Tuesday.Because of COVID-19,...

ADB Chief Economist Yasuyuki Sawada

'Developing Asia' to shrink for first time in nearly six decades: ADB

Eco/Invest/Demography, Health, Pandemic       Sep 15, 2020

MANILA: The coronavirus pandemic will cause economic output in “developing Asia” to shrink for the first time in nearly six decades in 2020 before it bounces back next year, the Asian Development Bank said on Tuesday. “Developing Asia”, which groups 45 countries in Asia-Pacific, is...

End of combustion engine moves closer with EU climate plan

  The European Union’s executive will unveil an ambitious emissions-cut plan this week that’ll leave no sector of the economy untouched, forcing wholesale lifestyle changes and stricter standards for industries. Under a new climate target for 2030, European automakers would need to embrace tougher pollution standards,...

Hannover Re anticipates significant price increases in property and casualty reinsurance

Non-Life       Sep 14, 2020

  Hannover: Germany major Hannover Re expects to see significant price increases spanning the various lines of property and casualty reinsurance in the treaty renewals as at 1 January 2021. The key drivers here are the strains incurred by primary insurers and reinsurers in connection with...