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‘Drastic rise’ in Malawi’s suicide rate linked to Covid economic downturn | Global development

‘Drastic rise’ in Malawi’s suicide rate linked to Covid economic downturn | Global development

One Tuesday morning in March, 48-year-old farmer Lokoliyo Bwanali set off for his maize plot. He never came back. Neighbours discovered his body later in the small field where he had poisoned himself.

“The wife of the deceased said her late husband was under pressure from creditors and was failing to settle his debts,” said Edward Kabango, from Malawi’s Dedza district police department. “The deceased left his home without explaining to his family members where he was heading until he was later found lying dead in a field, a kilometre from his home.”

Bwanali, said his brother, had approached him in distress over money, but it never occurred to the family that he might kill himself.

Malawi is seeing a sharp rise in suicide rates this year, with some attributing it to the economic stresses of the Covid pandemic. Malawi police service reports an increase of as much as 57% on the same period last year.

“We believe that the rise could be linked to coronavirus since there has been a slowdown in economic activities,” said clinical psychologist Dr Chiwoza Bandawe.

“Suicide is a very serious issue at the moment because we’ve seen from the statistics that the numbers are increasing since January, compared to the same period last year,” Bandawe said.

“It is a drastic rise so it is an issue that needs to be taken seriously. The rise can be attributed to a combination of economic and social factors. I think as people become more stressed – be it from economic or social [factors] – they don’t know how to cope.”

Suicide mortality rate (per 100,000 population) in Malawi was reported at 3.7% in 2016 by the World Bank.

Malawi is one of the poorest countries in the world. About half of the population are below the poverty

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Your next home insurance rate increase is going to be a whopper

Your next home insurance rate increase is going to be a whopper

South Florida homeowners are about to get hit with insurance rate increases unlike any other we’ve ever experienced.

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We’re talking as much as 30% to 40% over what you are paying now and price hikes of $1,000 or more for your next year of coverage.

Insurers have been warning for years that these increases would hit us hard. And now they’re here, thanks to years of rising claims abuses, court-clogging litigation, spiraling costs from hurricanes Irma and Michael, and one of the most active seasons in memory for severe and destructive weather.

When Weston resident Ruth Bettini opened her insurance renewal notice in September, “I almost died of shock,” she said. The annual premium to insure her $550,000 house with Orlando-based St. Johns Insurance Co. had increased by 28% — from $4,647 last year to $5,946 for the term beginning Oct. 1. That’s $108.25 more per month.

She asked her agent to shop for a lower price. “But everything else that was available cost even more than that, so I went ahead and renewed it.”

Bettini says her house is not what any insurer should consider a bad risk. Hurricane-rated accordion shutters cover all of her windows. All of her doors, including her garage door, are impact resistant. And she had her roof replaced a year ago to meet current windstorm codes. “I’ve done all the upgrades I can do to make it hurricane-proof,” she said.

As a real estate agent, Bettini says she worries about effects of the rising prices on her livelihood. “I’m really getting concerned when I see these insurance rates because I think they’re pricing people out of the market.”

Warnings about rising insurance rates might sound familiar. Prices in South Florida have been rising for the last five years, after a brief era

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Global B2B Telecommunication Market Segmentation and Analysis by Recent Trends, Development Trends and Growth Rate by Regions to 2026

Global B2B Telecommunication Market Segmentation and Analysis by Recent Trends, Development Trends and Growth Rate by Regions to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (The Expresswire) —
This report aims to estimate the Global “B2B Telecommunication Market” for 2020 and to project the expected demand of the same by 2026. This market research study provides a detailed qualitative and quantitative analysis of the Global B2B Telecommunication Market Size. It provides a comprehensive review of major drivers and restraints of the market.

The report can help to understand the B2B Telecommunication market share and strategize for business expansion accordingly. In the strategy analysis, it gives insights from marketing channel and market positioning to potential B2B Telecommunication market growth strategies, providing in-depth analysis for new entrants or exists competitors in the B2B Telecommunication industry.

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B2B Telecommunication Market report Provide Operational and planned Infrastructure, trade analysis and competition across multiple countries for each segment across the value chain is analysed. Our proprietary databases use cultured B2B Telecommunication market forecast modelling method to provide comprehensive and reliable analysis for your decision-making needs.

The report focuses on the top players in terms of profiles, product analysis, sales, price, revenue, and gross margin.

Major players covered in this report:

● Sprint Corporation (Soft Bank Group Corporation) ● NTT Communications Corporation ● ATandT ● Deutsche Telekom AG ● Telefonica SA ● Orange SA ● Verizon Communications ● Vodafone Group PLC ● Telstra Corporation Limited ● China Mobile Limited

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On the basis of types, B2B Telecommunication Market is primarily split into:

● Unified and Collaboration Communication ● VoIP Communication ● WAN Communication ● Cloud Communication ● M2M Communication ● Hosting/fixed broadband ● IOT

On the basis of applications B2B Telecommunication market is primarily split

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Financial Inclusion Rate in Indonesia Reaches Record Highs, but Over 2,500 Illegal Fintech Businesses have been Shut Down

Financial Inclusion Rate in Indonesia Reaches Record Highs, but Over 2,500 Illegal Fintech Businesses have been Shut Down

The role of Fintech platforms and services in supporting public services in Indonesia has become more prominent and relevant due to the global COVID-19 outbreak.

Fintech service providers are now offering more digital payments options which allow Indonesians to pay for everyday expenses, instead of having to use cash or visit physical business locations to complete transactions. Fintech investment platforms have also been launched. Financial tech startups have also announced that they’d like to help the nation’s government with disbursing Coronavirus related relief aid packages.

However, the Fintech sector does face certain challenges. As reported recently, the number of bad loans within Indonesia’s peer to peer (P2P) lending market had increased to around 8% in July, which is significantly greater than 4.22% in March 2020 and 2.62% in March 2019, Meanwhile, the gross non-performing loans at local Indonesian banks stood at 3.22%, as of August 2020.

The country’s government must now introduce measures to address the problem of bad loans. Fintech companies must also be supported so that they can continue to provide key services, which follow proper guidelines. These services are critical to Indonesia’s economic recovery, following the COVID outbreak.

Bank Indonesia, the nation’s central bank which also oversees Fintech payments, and the Financial Services Authority (OJK), have announced their support for innovative financial technology companies and projects. As reported, Indonesian regulators and Fintech firms are now focused on balancing regulations with responsible innovation.

Despite these efforts, which include the establishment of a regulatory sandbox, there’s still a growing threat of illegal Fintech businesses, which can have a major negative impact on the industry. As reported by the Jakarta Post, the OJK had to intervene in order to suspend the operations of 2,591 Fintech companies (between 2018 to 2020). The OJK has also confirmed that it will not be

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