The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. At the same time, the report …
Insurer Aviva said it will close three UK property funds in July that have been suspended since March last year due to market uncertainty as the pandemic hit Britain’s economy. “During this period of economic uncertainty, it has become increasingly …
It would be just a temporary precaution. When the viral pandemic erupted in March, employees of the small digital insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon — as soon as New …
The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study finds. The pandemic’s …
Gov. Ron DeSantis lifted all restrictions on restaurants and other businesses in Florida on Friday, and banned local fines against people who refuse to wear masks as he seeks to reopen the state’s economy despite the spread of the coronavirus. …
Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping job in March, during the lockdown triggered by the coronavirus pandemic, made her layoff permanent. Ramirez, 40, was originally told …
Rebuilding Europe after the coronavirus pandemic will be akin to the post-World War II reconstruction effort and the bloc must reaffirm its core values despite challenges from global powers, former European Central Bank President Mario Draghi said. The pandemic risked …
