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Qantas boss: Governments ‘to insist’ on vaccines for flying

Qantas boss: Governments ‘to insist’ on vaccines for flying

World
The boss of Australian airline Qantas has told the BBC that "governments are going to insist" on vaccines for international travellers.Coronavirus vaccines are seen as crucial to reviving an industry that saw worldwide passenger numbers fall 75.6% last year. Chief executive Alan Joyce said many governments were talking about vaccination as "a condition of entry". Even if they weren't, he thought the airline should enforce its own policy."We have a duty of care to our passengers and to our crew, to say that everybody in that aircraft needs to be safe," Mr Joyce said. He believes that would justify changing the terms and conditions on which tickets are booked. Getty ImagesAnd Mr Joyce thinks passengers would be willing to accept the change. "The vast majority of our customers think this is a...
‘Red alert for our planet’: UN report warns governments ‘nowhere close’ to climate targets

‘Red alert for our planet’: UN report warns governments ‘nowhere close’ to climate targets

World
A UN climate change report has found that global efforts to reduce CO2 emissions "fall far short of what is required" and that nations must "step up" to fulfil promises made under the Paris agreement. In a stark warning ahead of a make or break COP26 climate conference in Glasgow later this year, countries were criticised over their emission reduction plans - known as Nationally Determined Contributions (NDCs) - and urged to make "more ambitious" commitments. Following a legally binding international treaty on climate change signed in Paris in 2015, almost 200 countries set a goal of limiting global temperature rise by 2C - or ideally 1.5C - by the end of the century. Please use Chrome browser for a more accessible video player ...

Government’s move to relax FDI limit for insurance a big boost for small insurers

Finance
MUMBAI: India’s move to further liberalize limits for insurance companies raising capital from foreign players will provide a major boost to dozens of insurers in the way of fresh fund-raising avenues while paving way for top global insurers to enter India’s highly underpenetrated insurance sector. After years of deliberation, the Indian government has increased the Foreign Direct Investment (FDI) limit in insurance companies to 74% against the current 49%, Finance Minister Nirmala Sitharaman announced on Monday in the Union Budget of 21-22 albeit some “safeguards”. Prominent industry CEOs and experts claim that the move will provide a fillip to an industry which has not lived up to expectations in providing coverage to a large chunk of the country's over 130 crore population over the la...
NY to local governments: Enforce virus rules or face fines

NY to local governments: Enforce virus rules or face fines

Health
New York state's daily count of new coronavirus cases has topped 1,500 for the first time since late MayBy JENNIFER PELTZ Associated PressOctober 2, 2020, 10:06 PM• 3 min readShare to FacebookShare to TwitterEmail this articleNEW YORK -- New York state’s daily count of new coronavirus cases topped 1,500 for the first time since late May as Gov. Andrew Cuomo warned local governments Friday that they'll face fines if they don’t enforce social distancing and mask rules.Officials are increasingly concerned about virus flare-ups in some places, mainly parts of New York City and suburban Rockland and Orange counties. Although an often-cited measure of the virus' spread — the percentage of tests that come back positive — was about 1.3% statewide on Thursday, it was 6.4% in a group of 20 ZIP codes...

Rising debt is a ‘very serious issue’ that governments face, says Singapore minister

Finance
SINGAPORE — One of the biggest challenges that governments will face in the next decade is bringing down debt, a senior minister in Singapore said on Monday.Governments around the world have increased spending to support their economies hit hard by the coronavirus pandemic. Some have to borrow more to do so — which is a "sensible economic strategy" when confronted with the current crisis and uncertainties, said Tharman Shanmugaratnam, Singapore's senior minister and coordinating minister for social policies.But "the big issue in the next decade is how to ensure that debts are sustainable," said Tharman, a well-known economic and finance expert, at the opening day of the virtual Singapore Summit.He added that the new high levels of debt that many countries are moving toward cannot cont...