International News

AstraZeneca resumes U.S. COVID-19 vaccine trial and next week J&J prepares to do same

Eco/Invest/Demography, Health, Pandemic       Oct 24, 2020

  AstraZeneca Plc has resumed the U.S. trial of its experimental COVID-19 vaccine after approval by regulators, and Johnson & Johnson is preparing to resume its trial on Monday or Tuesday, the companies said on Friday.The news signaled progress against the novel coronavirus that has infected...

Monsanto loses final appeal over French farmer's weedkiller accident

Eco/Invest/Demography, Health, Non-Life       Oct 23, 2020

  Bayer’s Monsanto division on Wednesday [Oct. 21] lost a final appeal in a long-running French legal battle in which the crop chemical maker has been held liable for the accidental inhalation of a weedkiller by a crop farmer. Monsanto had been trying to overturn a...

Italy tax police raid Generali, state railway offices in insurance probe

Life       Oct 23, 2020

MILAN: Italy’s tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to the awarding of contracts to the Italian insurer, a document seen by Reuters on Friday showed. A source close to the...

India, China get richer as virus drags on US, Credit Suisse says

  The pandemic that’s led to greater than 1 million deaths globally has additionally led to a decline in particular person wealth, but family wealth largely held up and even elevated in China and India. That’s one of many fundamental findings in Credit Suisse Group AG’s...

China’s Ant Group gets nod for the world's largest IPO of $35 billion

Eco/Invest/Demography, Technology       Oct 22, 2020

  China’s Ant Group has won the final nod from the country’s top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Ant, the fintech company backed by Chinese e-commerce group...

Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to cover Mutuals

  London: The Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB), said Asta, the third-party managing agent at Lloyd’s. Picnic will commence underwriting on Jan. 1, 2021 and would initially provide re/insurance support to the innovative mutuals...

FTLife and Munich Re announce collaboration on digital underwriting

Life, Technology       Oct 22, 2020

  Hong Kong: FTLife Insurance Company Limited and Munich Re Automation Solutions, a leading provider of digital new business, underwriting and analytics solutions to the insurance industry, today announced a new collaboration focusing on the provision of a cloud-based digital underwriting solution. The new collaboration will...

Number of South Koreans dying after flu shot rises, prompts vaccine worries

Eco/Invest/Demography, Health, Non-Life, Pandemic       Oct 22, 2020

SEOUL: At least 13 South Koreans have died after receiving flu shots in recent days, according to official and local media reports, ramping up fears about vaccine safety even as authorities rule out a link.Health authorities said on Wednesday they had no plans to suspend...

Insurers drop appeal against UK COVID-19 payout ruling on three policies

Eco/Invest/Demography, Health, Non-Life, Pandemic       Oct 21, 2020

  LONDON: Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by the COVID-19 pandemic.RSA, QBE, Hiscox, MS...