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Tesla will slash employee pay and furlough employees
www.cnbc.com

Tesla will cut pay until the end of the second quarter, while furloughs will last until May 4, when it intends to resume production.

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Free Webinar | April 13: Staying Calm And Being Productive While Working from Home
feedproxy.google.com

Learn how you can make the most out of your work from home experience.

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SSL Endeavour promotes CEO – introduces replacement
www.insurancebusinessmag.com

Moves become effective immediately

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Australia Regulator Urges Insurers, Banks to Defer Dividends Amid Coronavirus Crisis
www.insurancejournal.com

Australia’s prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment plans until the impact of the coronavirus pandemic is better known. But the Australian Prudential Regulation Authority (APRA) stopped short …

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UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients
www.insurancejournal.com

Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced to closed or curtail operations when the …

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Global Supply Chains Strained as Ship Crews Are Stuck in Lockdown
www.insurancejournal.com

Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global …

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European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic
www.insurancejournal.com

The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19 crisis. The European Insurance and Occupational Pensions Authority (EIOPA) said …

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Stresses of COVID-19 Hit Businesses, Their Insurers, so Partnership Is Needed: FERMA
www.insurancejournal.com

The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses to help them get through the pandemic and recover afterwards. “Many companies are under great pressure as a result of …

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ASSOCHAM suggests resumption of selective sectors with strict adherence to social distancing norms
economictimes.indiatimes.com

The ASSOCHAM recommendations on business continuity measures are in sync with the Prime Minister Shri Narendra Modi’s holistic approach towards dealing with the situation, and also technical inputs and support of the NITI Aayog.

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