Pandemic Financial News

By Mike Dolan

Insurance Regulatory and Development Authority of India (IRDAI) to treat AYUSH treatments the same as Allopathy treatments with regards to reimbursement of expenses. According to a report by Live Law, Justice Anand Venkatesh emphasized the work done by AYUSH doctors during the COVID-19 pandemic, and added that traditional medicines were also recommended to the infected patient under AYUSH which provided relief to several patients. Therefore the Madras HC asserted that it would be irrelevant to deprive policyholders of getting reimbursements for the amount spent on AYUSH treatments under the medical insurance.

A new study in the US suggests some market players placed bets in anticipation of Hamas’s 7 October attack on Israeli targets in which more than 1,200 people were killed. While it’s unsettling to contemplate profits made off terror, could trading patterns serve as intelligence inputs for agencies tasked with thwarting such attacks? If market participants have information about what’s going to happen, no matter how few they are, it might be useful to watch out for suspicious activity. But linking any market trades to foreknowledge of violence is easier said than done.

Kamala Harris broke a nearly 200-year-old record for casting the most tiebreaking votes in the Senate when she voted Tuesday to advance the confirmation of a new federal judge in Washington, D.C. Senate Majority Leader Chuck Schumer, a New York Democrat, called Harris' 32nd tiebreaking vote a «great milestone.» Harris returned to Capitol Hill later in the day to cast her 33rd vote as well, securing the judge's confirmation. The previous recordholder was John C. Calhoun, who cast 31 tiebreaking votes during his eight years as vice president, from 1825 to 1832.

In a submission to the World Trade Organization, they said that diagnostics and therapeutics are «essential tools for a comprehensive approach to fight the pandemic, that it is not over». The submission, made on behalf of 65 WTO members on Monday, came after the US refrained from taking sides in extending the waiver, which is applicable to Covid-19 vaccines only. For almost two years, India, South Africa and 80 other WTO members have sought a response for future pandemics through exceptions in the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement but the ministerial outcome of 2022 (MC12) only covered Covid-19 vaccines, with the US delaying an outcome on therapeutics and diagnostics. «The MC12 Decision on the TRIPS agreement is extended mutatis mutandis for the production and supply of Covid-19 therapeutics and diagnostics,» India and others said in the draft decision text on Monday. They asked the WTO to promptly respond to the ongoing Covid-19 pandemic and the challenge of inequitable access to therapeutics and diagnostics, and «respond to the criticism that the decision on vaccines came too little too late». Extension of the policy tools to therapeutics and diagnostics will result in a holistic approach to enable developing countries to address those intellectual property (IP) barriers that prevent the expansion and diversification of production and increase accessibility to crucial life-saving Covid-19 tools, they said. As per the draft text, «omitting these vital tools» will deter the effectiveness of the decision that aims timely and affordable access to effective vaccines against the ongoing Covid-19 pandemic. The submission assumes significance as last week, the UK, the EU, the US,

While Bengaluru-based Prestige has recently opened a 125,000 sq ft mall housing only restaurants and cinema, it is planning a 500,000 sq ft mall on a similar concept. Delhi-based Omaxe Group is developing a mall in New Delhi's Chandni Chowk area where 70% of the space will be dedicated to restaurants; another listed developer Signature Global already runs a food-only mall in Ghaziabad.

There’s only one problem with the federal government’s shiny new messaging about saving money: the feds aren’t saving money.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

The uncertainty around near-term interest rates has dominated the story of the stock market in 2023. Perhaps not since the 1970s—when runaway inflation and sky-high interest rates were the crisis du jour—has monetary policy affected investment outcomes in such a pronounced way. Yet look more closely, and it would seem that Wall Street has been more influenced by perception than reality: Company and individual balance sheets remain mostly healthy, businesses are battle tested and unemployment remains low.

ROME (Reuters) -Lamborghini has reached a deal with unions to introduce a four-day week for its production workers, the labour associations and the company said on Tuesday, as more manufacturing groups re-consider the structure of the work week for their employees.

Bitcoin is once again having a moment

Uber's stock is set to join the S&P 500 index later this month

BOSTON (Reuters) — A lawyer for JetBlue Airways (NASDAQ:JBLU) on Tuesday urged a federal judge to allow it to proceed with its planned $3.8 billion acquisition of Spirit Airlines (NYSE:SAVE) and reject the U.S. Department of Justice's (DOJ) bid to block the deal.

By Giuseppe Fonte

Also Read: Israel-Hamas war: How AI helps Israel army select bombing targets in Gaza Short selling is a way to bet against the value of a security. It is a trading strategy aimed at making a profit off an asset that is expected to drop in price. The seller ‘borrows’ a security and sells it on the open market with the goal of buying it back later at a lower price and pocketing the difference.

Delhi Metro commuters will soon hear audio advertisements on their train journeys as part of a pilot project launched by the Delhi Metro Rail Corporation (DMRC). The ads will be aired for one year starting this month on six trains on the Violet Line, which runs between Kashmere Gate and Badarpur Border, officials said on Tuesday.

Wall Street is still struggling to keep track of the myriad ways bankers are communicating with one another, even after shelling out more than $2 billion in penalties over staffers’ use of WhatsApp and other unauthorized messaging services. 

December’s whipsaw opening shows investors may be concerned November’s epic rallies went too far, too fast in anticipating a near-perfect soft landing for the economy.

₹15,000 crore. Whitefield, in short, is a microcosm of the huge spurt in construction across Indian cities—even in smaller towns. The evidence is in numbers.

Investing.com — U.S. futures traded lower Tuesday, with investors turning cautious ahead of the release of job opening data, as a precursor to Friday’s official monthly payrolls number.

The most comprehensive global look at test scores since the pandemic shows learning loss is a stubborn worldwide problem, with American 15-year-olds experiencing similar or slightly less severe setbacks compared with peers in other countries. Economically developed nations saw substantial drops in reading and math on international exams, according to new data released Tuesday. U.S.