Category: News & Announcement

GE Healthcare today provided two updates on its continued efforts to support clinicians, governments and the broader healthcare community in the fight against the coronavirus (COVID-19). GE Healthcare and Ford Motor Company will work together to scale the production of ventilators, arming clinicians with medical equipment important in the treatment of COVID-19 patients. Through this collaboration, Ford will provide its technical and production expertise with the goal of manufacturing a simplified design of GE Healthcare’s existing ventilator. This new system would be built specifically to address urgent needs during the…

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ISLAMABAD: Pakistan is facing growing calls to declare force majeure in its liquefied natural gas (LNG) deal with Qatar following a sharp dip in consumer demand in the wake of coronavirus-related lockdown. Officials told The Express Tribune that different quarters were discussing and suggesting that Pakistan should declare force majeure in its long-term deal with Doha in order to halt imports that were expensive amid lower demand. Officials pointed out that the power sector calculated only the energy cost while working out the economic merit order and ignored the capital cost…

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Governments and financial institutions are under growing pressure to make economic bailouts designed to counter the coronavirus pandemic dependent on climate action in the longer term.  Over the last week, hundreds of billions of dollars worth of stopgap measures have been announced to fight the coronavirus and limit economic shortfalls. In the US, industries are scrambling for a share of a $1 trillion-stabilisation package with the aviation industry expected to receive a large chunk. Last week, the European Central Bank (ECB) announced a €870 billion ($781bn) emergency bond-buying programme to stabilise the euro zone…

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The announcement was followed by a force majeure declaration that affects the Mundra LNG terminal, owned by GSPC and Adani. The force majeure is in effect from 7 am India time (0130 GMT) on March 22, 2020, according to the company’s official notice. “Port hereby notifies the Force Majeure event wherein port will not be responsible for any claims, damages, charges, etc. whatsoever arising out of and/or connected to the above Force Majeure event, either directly or indirectly, which without any limitation would include vessel demurrages,” the company document stated.…

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Decades of chronic underfunding of water infrastructure is putting many countries at worse risk in the coronavirus crisis, with more than half the global population lacking access to safely managed sanitation, experts said as the UN marked World Water Day on Sunday. Good hygiene – soap and water – are the first line of defence against coronavirus and a vast range of other diseases, yet three quarters of households in developing countries do not have access to somewhere to wash with soap and water, according to Tim Wainwright, chief executive of the charity…

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