Media briefing on # COVID19 With .DrTedros. #coronavirus https://t.co/aPFXT3ex5y- World Health Organization (WHO) (@WHO) March 11th 2020 A pandemic is not related to disease severity or mortality rate, but to geographical spread. According to the World Health Organization, a pandemic is declared when a new disease, for which the population has not developed immunity, begins to spread rapidly around the world. The World Health Organization (WHO) has declared a global pandemic due to coronavirus. In order for the epidemic to turn into a pandemic, there must be a second wave of infection, which occurred in Italy, reports Index.hr.
The recent tensions in the Middle East are expected to result in draconian conditions in maritime insurance policies, and surging of insurance costs, according to Jonathan Moss, head of marine and trade at Machester-based law firm DWF.The comments come amid growing fears of Iranian retaliation on commercial vessels in the region following the assassination of Qassem Soleimani, an Iranian military commander, by the United States on January 3, 2020.Companies have already started pulling their vessels from the region, such as the Brazilian state oil giant Petrobras. What is more, governments are sending their naval troops to the region to protect their assets and avoid similar scenarios to the Stena Impero from last year.“The latest chapter of turbulence in the Middle East will undoubtedly lead to insurers and reinsurers particularly in lines such as hull, war, piracy, terrorism, cargo and construction raising premiums, renegotiating terms of cover and introducing riders and endorsements to policies to reflect the increased risks of trading in the region,” Jonathan said.“Insurers and reinsurers have been looking for a marked correction to the downward pressure on rates. The recent tensions, however, will lead to insurers and reinsurers imposing draconian conditions in policies, significantly increasing the costs of specialist insurance and pulling out of underwriting certain lines of business. Insurance rates are set to increase exponentially in the coming months.Due to the heightened risk in the regions, ships are advised to alter their courses and navigate longer routes to avoid dangerous areas. Furthermore, ships’ crew wages will rise owing to the heightened risks of attacks to vessels in the Strait of Hormuz adding costs to end consumers.“Following the 12 May attacks on two Saudi tankers, a Norwegian and a UAE flagged vessel, the Joint War Committee made up of representatives from the Lloyd’s and company markets added the Gulf to its list of high risk waters. Insureds were instructed to notify underwriters before vessels entered the region and additional premiums started to be levied. The attacks have transformed the region for insurers,” he added.“Insurers have not withdrawn completely from writing risks but each international insurer is taking a close interest in how events unfold. Underwriters are used to factoring in geopolitical instability into pricing, but the events of last year created a perfect storm for companies trading in the region, increasing insurance premiums by an average of 10% in six to seven months.”Jonathan concluded that a new period of potential disorder and unrest would bring more uncertainty and inevitably insurers and reinsurers will choose to exit insurance lines and/or adopt pricing models which will have an adverse impact on the passage of trade, increasing costs for the end consumer.
For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Rishabh Pant is apparently in the crossroads after a lean run across formats with the bat. In the West Indies series, he managed just one fifty in Twenty20 Internationals and was not upto the mark with the bat in ODIs and Tests. In the two games against South Africa, Pant struggled. With criticism mounting at the lack of contributions, the Indian cricket team has sent some confusing signals ahead of the first Test against South Africa in Vizag on October 2. According to a report in Times of India, Pant could get axed for the first Test against South Africa and Wriddhiman Saha could take his place. The Times of India quoted a BCCI source who said that Pant’s lack of contributions with the bat is hurting his confidence in keeping. “His DRS reviews aren’t great. In Indian conditions, on turning wickets, he may struggle. Saha is a far better keeper than him, and get a few useful runs lower down the order too. The selectors are in a mood to give one final chance to Pant in the first Test, but the team management (coach Ravi Ravi Shastri and skipper Virat Kohli) wants Saha to play from the start of the series itself,” the source added.Pant’s situation is a conundrum. The left-hander is the only Indian to hit two hundreds in overseas conditions, including 114 against England at The Oval and 159 against Australia in Sydney.However, Saha, who has not played international cricket since January 2018 due to a shoulder injury, has been in good form in the series against West Indies A and South Africa A, scoring 60 and 62 respectively. Also Read | We Need To Look Beyond MS Dhoni For 2020 World T20: Sunil GavaskarIn an interview with Hindustan Times, Shastri emphasized on patience with Pant. “All your media reports and all the experts writing (but) Pant is in great space with this Indian team. Experts, they have a job, they can speak. Pant is a special kid and he has already done enough. he is world class and is a brutal match-winner. Very few around in the world game; I can’t pick five on my hands when it comes to white-ball cricket, T20 cricket. So the patience we will have with him is lot,” Shastri said. Also Read | MS Dhoni Left Out For South Africa T20I Series – Right Or Wrong Move?India lost the previous series against South Africa 1-2 and they will be bidding to win the trophy back.
Law professor and New Democracy member Prokopis Pavlopoulos was elected as Greece’s seventh president after receiving support from 233 of the 300 lawmakers in Parliament.Pavlopoulos’s candidacy, which needed a minimum of 180 votes in favour, was supported by SYRIZA, Independent Greeks and New Democracy. However, two MPs from SYRIZA and ND abstained from the vote in disagreement over the choice of candidate.From the conservatives, former Administrative Reform Minister Kyriakos Mitsotakis failed to back Pavlopoulos, while SYRIZA’s Thessaloniki MP Ioanna Gaitani also voiced her opposition to the ex-Interior Minister becoming president.“I respect Prokopis Pavlopoulos as a professor and teacher,” said Mitsotakis. “He is an excellent legal expert with deep academic knowledge. But I have not been convinced… that he is the most appropriate president of the republic.”“For reasons of conscience and political tradition, I could not support SYRIZA’s choice,” said Gaitani.However, the negative reaction in SYRIZA went a bit deeper. Another two MPs, Alexis Mitropoulos and Dimitris Kodelas, voted for Pavlopoulos but expressed their disagreement with Prime Minister Alexis Tsipras’s choice publicly. Leftist MEP Manolis Glezos also voiced his disagreement.To Potami put forward another constitutional expert, Nikos Alivizatos, as the party’s candidate. He was also backed by PASOK and picked up a total of 30 votes. All 32 MPs from Golden Dawn and the Greek Communist Party (KKE) voted present.Source: Kathimerini Facebook Twitter: @NeosKosmos Instagram
Excite Holidays has reassured the industry its business remains stable and secure following recent media reports surrounding the collapse of search marketing Adlux, whose co-founders are Excite Holidays’ chief executive officer George Papaioannou and co-founder Nicholas Stavropoulos.Online marketing publication Mumbrella reported earlier this week that Adlux collapsed with debts of more than AUD $3.5 million, of which AUD $842,735 is owed to Excite Holidays.However, Excite Holidays has strongly advised that the Adlux collapse, which happened some time ago, has absolutely no implications on the online travel wholesaler, which has been operating successfully since 2002, as they are two completely separate companies.“The unfortunate collapse of Adlux has absolutely no implications for Excite Holidays, which has experienced year on year growth since its inception in 2002, with growth for the last financial year topping 104 percent,” Excite Holidays chief executive officer George Papaioannou said.Speaking with ETB News today, Excite Holidays general manager Joe Karbo, stressed that Excite Holidays and Adlux are two completely different companies, under different management.“We are in a totally different industry to digital marketing and Excite Holidays remains solid, as it has been for many, many years and we are busy looking forward to our highly anticipated expansion into the Middle East and UK markets,” Mr Karbo said.Since entering the market twelve years ago, Excite Holidays gone on to become one of Australia’s most respected and successful, award winning online travel companies, experiencing significant year on year growth with no signs of slowing down.“I am extremely proud of everything Excite Holidays has achieved through both commercial acceptance by travel agents, and the technological advancements we have made in a relatively short period of time and we are looking forward to continuing our strong relationships with agents in the future,” Mr Papaioannou said.Source = ETB News: Lana Bogunovich