Underwriters puzzle over how to make pandemics insurable again

When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French reinsurer SCOR, summed it up when he told a recent conference that pandemic […]

India’s COVID-19 cases dip from peak, calls for shutdown mount

Calls grew for India to impose a nationwide lockdown as new coronavirus cases and deaths held close to record highs on Monday, increasing pressure on the government of Prime Minister Narendra Modi. The 366,161 new infections and 3,754 deaths reported by the health ministry were off a little from recent peaks, taking India’s tally to […]

U.S. Southeast braces for fuel price rises after pipeline shutdown

The southeastern United States will be the first to see price rises at the pumps due to the supply disruption caused by the shutdown of the country’s top fuel pipeline network – and demand has already picked up as drivers fill their tanks, industry experts said on Sunday.

UK’s Gove refuses to say how London will handle Scottish independence drive

Senior British minister Michael Gove refused to say on Sunday how the government would react if the Scottish parliament were to pass a bill calling for a referendum on independence from the United Kingdom. Pro-independence parties won an overall majority in the Scottish parliament in elections held on Thursday. First Minister and Scottish National Party […]

Chinese rocket debris lands in Indian Ocean, draws criticism from NASA

Remnants of China’s biggest rocket landed in the Indian Ocean on Sunday, with most of its components destroyed upon re-entry into the atmosphere, ending days of speculation over where the debris would hit but drawing U.S. criticism over lack of transparency. The coordinates given by Chinese state media, citing the China Manned Space Engineering Office, […]

India’s daily COVID-19 deaths near record, calls for nationwide lockdown mount

India’s COVID-19 deaths rose by more than 4,000 for a second consecutive day on Sunday as calls for a nationwide lockdown to curb the spread of the virus mounted. India’s health ministry reported 4,092 fatalities over the past 24 hours, taking the overall death toll to 242,362. New cases rose by 403,738, just shy of […]

‘Freedom’ fiestas: Spaniards celebrate end of COVID curfew

Exhilarated Spaniards danced in streets, chanted “freedom” and partied on beaches overnight as a COVID-19 curfew ended across most of the nation. In scenes akin to New Year’s Eve celebrations, hundreds of mainly young people gathered in Madrid’s Puerta del Sol square to applaud the clock striking midnight while in Barcelona revellers headed to the […]