COVID19

India, South Africa ask WTO to ease IP rules for COVID-19

title=

FILE – In this July 30, 2020 file photo, Kai Hu, a research associate transfers medium to cells, in the laboratory at Imperial College in London. Imperial College is working on the development of a COVID-19 vaccine. South Africa and India on Friday Oct. 2, 2020, asked the World Trade Organization to waive some provisions in the international agreements that regulate intellectual property rights, to speed up efforts to prevent, treat and contain the COVID-19 pandemic and make sure developing countries are not left behind.

AP

South Africa and India have asked the World Trade Organization to waive some provisions in the international agreements that regulate intellectual property rights, to speed up efforts to prevent, treat and contain the COVID-19 pandemic and make sure developing countries are not left behind.

The countries argue, in a joint submission to the Council for Trade-Related Aspects of Intellectual Property

Read More

Stocks Finish Lower as Trump Tests Positive for Covid-19

Stocks ended lower Friday after President Donald Trump said he tested positive for the coronavirus and the U.S. added fewer jobs in September than forecast.

The Dow Jones Industrial Average, which had tumbled on the news, ended down 134 points, or 0.48%, at 27,682, the S&P 500 declined 0.96% and the Nasdaq slumped 2.22%.

But the stock market finished the week higher: The Dow rose by 1.9%, and the S&P 500 and the Nasdaq each gained 1.5%.

Airline stocks climbed after House Speaker Nancy Pelosi she was willing to pass a stand-alone Covid-19 airline-relief bill and asked the airlines to delay job cuts that started this week. 

United Airlines  (UAL) – Get Report, Delta Airlines  (DAL) – Get Report, and Southwest Airlines  (LUV) – Get Report all finished higher.

Tech stocks got hammered during the session, with Netflix  (NFLX) –

Read More

Transat announces inclusion of COVID-19 insurance in its flights and packages

Transat announces inclusion of COVID-19 insurance in its flights and packages

  Canada NewsWire

  MONTREAL, Sept. 25, 2020

This insurance plan covering emergency medical and quarantine expenses will be
offered at no extra cost to customers

MONTREAL, Sept. 25, 2020 /CNW Telbec/ - Transat, one of the world's largest
integrated tourism companies and Canada's leader in leisure travel, is pleased
to announce that its customers will now be able to benefit from a COVID-19
Emergency Medical Certificate of Insurance. Offered through Manulife, this
insurance plan is designed to cover emergency medical and quarantine expenses
at destination, in addition to providing assistance if COVID-19 is contracted
during the trip.

Therefore, eligible customers who book a roundtrip flight from Canada to an
international Air Transat destination or a Transat package to Mexico, Central
or South America, or the Caribbean, from September 25 to October 31, 2020, for
stays of up to 21 days 
Read More

How COVID-19 will serve as a catalyst to reshape the insurance industry



icon: Consumer behavior has been evolving at a rapid pace in India with massive internet adoption, cheapest data services and the youngest demographic in the world.


© Provided by The Financial Express
Consumer behavior has been evolving at a rapid pace in India with massive internet adoption, cheapest data services and the youngest demographic in the world.

With more than two months of lockdown behind us, consumers and insurers are beginning to venture out, both in the physical sense and in experimenting with buying and selling. For an economic engine that was in full gear, the pandemic induced lockdown could not have come at a worse time.

It hit in the early part of March, a month that delivers about 15-20% of annual premiums, and coming off the robust growth of the past two years. The first few days were consumed in the scramble to ensure employee safety, setup and enable WFH, serve customers and issue as much business as possible. Management teams have been implementing various programs in the past weeks to come to terms

Read More

What to know about buying life insurance during the Covid-19 pandemic

Life insurance applications have been on the rise during the coronavirus pandemic. During the first half of 2020, application activity for life insurance rose 1.5% from the previous year, according to the MIB Life Index.

Application activity for Americans under 44 rose about 3.4% year-to-date, while activity for ages 45 to 59 was up 0.5%, the industry group reports. 

While protecting yourself and your family from financial fallout is never a bad thing, a fear of contracting Covid-19 should not be the determining factor for buying life insurance, Barbara Ginty, a certified financial planner and host of the “Future Rich” podcast, tells CNBC Make It. “I only would recommend buying life insurance if you have a need for life insurance,” she says.

Generally, the questions to ask yourself before buying life insurance are: Will there be a financial hardship for your loved ones if you pass away? Do you have

Read More

Global Finance Contract Management Market 2020 Research Study with Trends and Opportunities to 2025 – Impact of COVID-19

The MarketWatch News Department was not involved in the creation of this content.

Sep 06, 2020 (CDN Newswire via Comtex) —
MarketsandResearch.biz has published a new report titled, Global Finance Contract Management Market 2020 by Company, Type and Application, Forecast to 2025 where the base year considered for the study is 2020 and forecast considered from 2020 to 2025, which is an addition to its extensive database. The report provides an inside-out and expert examination inside-out and expert examination of the market situation. The study helps clients in developing their effective approaches for growth, our upcoming general market trends study on the global Finance Contract Management market. The report offers conjecture and provincial investigation on the market outline. The research explores an in-depth insight of the report provides information on future opportunities, challenges, risks, threats, and uncertainties in the market.

Market Development:

The report highlights insights into the market size,

Read More

COVID-19 takes a grim toll on America’s small businesses

Brunetti’s Pizza and Deli opened in Scranton, Pa., in 1958 and was so beloved by the community that customers would volunteer to shovel its sidewalk on snowy days. Mike Brunetti, the son of the founder, and his wife Therese took over the operation. They got engaged in the shop and their kids all worked there.

Then came COVID. Shuttered in March, Brunetti’s had no revenues until May, when it reopened. The owners kept up their payments to suppliers, but sales were vastly reduced because of the shop’s small size and social-distancing requirements. Even a $14,000 loan under the federal government’s Paycheck Protection Program wasn’t enough.

This summer, with just $100 in the bank, Therese said they had no choice but to shut Brunetti’s permanently.

The couple has only a small nest egg and no pension. Therese is now looking for work.

“My husband and I sat many nights in

Read More

COVID-19 Sparks Spike In Insurance Litigation Filings

Law360 (September 18, 2020, 5:44 PM EDT) — Federal district courts saw a surge in insurance litigation case filings in the first half of the year, due in large part to the explosion in suits by businesses seeking coverage for losses they have suffered amid the COVID-19 pandemic, according to a new report by Lex Machina.

From January through June, litigants filed a total of 5,844 new insurance cases in district courts, up 11% from the 5,265 cases filed over the same time period in 2019, Lex Machina found. This surge continued a pattern of growth in insurance-related litigation over the past several years; according to the report, from 2017…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat

Read More

Forecast deficit in B.C. grows to $12.8 billion under COVID-19

British Columbia is forecasting a $12.8-billion deficit for the 2020-21 fiscal year.

The deficits are driven by the economic impact of the novel coronavirus pandemic, but there is some optimism from the B.C. government based on recent job numbers.

Finance Minister Carole James has outlined the financial picture based on the first quarter of the year, which goes from April until the end of June.






B.C. forecasting a $12.8B deficit, kids return back to the classroom


B.C. forecasting a $12.8B deficit, kids return back to the classroom

The forecast comes after the province provided a financial snapshot in July.

Story continues below advertisement

Since the summer, the overall impacts of the pandemic on revenues and expenses are lower than anticipated, with a $5.7-billion decline from Budget 2020, compared to a $6.3-billion decline shown in the July scenario.

The deficit has grown to reflect $1 billion built in by the

Read More

Latest Update 2020: Global Cyber Insurance Market by COVID-19 Impact Analysis by Zion Market Research

The MarketWatch News Department was not involved in the creation of this content.

Aug 21, 2020 (CDN Newswire via Comtex) —
The “Cyber Insurance Market Is Set For A Rapid Growth And Is Anticipated To Reach USD 22.8 Billion Globally By 2024” report covers all of the aspects required to gain a complete understanding of the pre-market conditions, current conditions as well as a well-measured forecast. This report also researches and evaluates the impact of Covid-19 outbreak on the Cyber Insurance Market, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Cyber Insurance Market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).

The research report published by Zion Market Research is a comprehensive study of the global Cyber Insurance Market. The subject matter experts and team of highly-skilled researchers have put in hours of work

Read More