CEE MARKETS-Czech crown leads FX slide as COVID-19 cases surge - Yahoo Finance

by finance.yahoo 02/25/2021

Central European currencies weakened on Thursday amid worries over the third wave of the coronavirus pandemic, with the Czech crown losing most as the situation in the country worsened. The Czech government met late into the evening on Wednesday about tightening measures to combat one of the world's fastest-growing infection rates and ease pressure on hard-hit hospitals. On Wednesday, Poland announced tighter curbs in one region of the country that has been hit hard by the virus, and said travellers from the Czech Republic and Slovakia would need to show a negative test result or go into quarantine.


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COVID-19 pandemics has triggered insurance claims based on business interruption and other relevant policies all over the world. In this alert we would like to: 1. invite you to participate in a poll aimed to examine policyholders' experience in dealing with pandemics-related insurance; 2. inform you on the recent UK Supreme Court landmark judgment regarding application of business interruption policies coverage to the COVID-19 related financial losses; and 3. update you on some developments in Russia regarding insurance coverage of the COVID-19 related financial losses.

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The strike is intended to retaliate for a deadly rocket attack mounted by Iranian-backed militias targeting a U.S. military base in Iraq. In truth, the tit-for-tat attacks have less to do with Syria and Iraq, and everything to do with the tumultuous course of U.S.-Iran relations.