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Wholesale inventories fall 0.8% in March

CNBC's Rick Santelli reports the latest wholesale inventories data for the month of March.




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FLIR Systems CEO Jim Cannon on providing thermal scanners for GM factories

Jim Cannon, CEO of FLIR Systems, joins "Squawk Alley" to discuss demand for its thermal camera technology to scan for potential coronavirus infections in workers.




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US payrolls suffer record fall; UK construction and German factories slump - as it happened

Rolling coverage of the latest economic and financial news, as American companies slash payrolls at an unprecedented rate

Earlier:

It’s been another day of dire economic data, as the coronovirus pandemic hits firms across the globe.

Related: Small firms secure £2bn in bounce-back loans in first 24 hours

Related: Coronavirus threatens future of eurozone, Brussels warns

After a choppy day’s trading, European stock markets have closed mostly in the red.

The Stoxx 600 index dipped by 0.4%, with America’s surge in unemployment reminding traders that the world economy is entering a steep recession.

Back in the UK, troubled department store chain Debenhams is to permanently close five additional sites.

The move puts more than 1,000 jobs at risk. All the stores are in shopping centres owned by property firm Hammerson including The Oracle in Reading and Birmingham’s Bullring.

Related: Debenhams appoints administrators and liquidates Irish chain

The Financial Times says America is facing an unemployment crisis of historic proportions, judging by today’s slump in private sector payrolls.

The US private sector shed a record 20m jobs in April as coronavirus lockdowns and the resulting closure of non-essential businesses led to historic unemployment.

Non-farm private employers cut 20.2m jobs last month, according to payroll processor ADP. That compared with economists’ expectations for 20m and easily surpassed the previous record of about 835,000 in February 2009 during the financial crisis.

The report is a harbinger of the government’s April jobs report on Friday and adds to evidence of the pandemic’s widespread economic devastation. The Labor Department’s figures are projected to show a record 21 million decline in total nonfarm payrolls and a jobless rate surging to 16%.

More than 30 million people have applied for jobless benefits in the past six weeks, though not all of them are still unemployed. Another 3 million probably applied in the past week.

In all likelihood, total job losses probably exceed the 23 million new jobs created from the end of the last recession in 2009 until the pandemic took hold in mid-March.

The global recession caused by the Covid-19 pandemic has also driven up US oil stockpiles.

US crude oil inventories jumped by nearly 4.6 million barrels in the last week, the Energy Information Administration reports, despite some producers cutting output following the slump in prices.

#OOTT | US DoE Crude Oil Inventories 01-May: 4590K (est 8800K; prev 8991K)
- Distillate: 9518K (est 3000K; prev 5092K)
- Cushing: 2068K (prev 3637K)
- Gasoline: -3158K (est 1000K; prev -3669K)
- Refinery Utilization: 0.90% (est 0.45%; prev 2.00%)

Chart on US petroleum (crude, oil products, SPR) inventories in mb (source: EIA) #OOTT pic.twitter.com/hoz5sIJ5YT

Back in the UK, more than 400 oil rig workers have been flown off North Sea oil rigs in recent weeks with suspected Covid-19 symptoms or because they are at high risk of contracting it.

“The industry has been toiling with all the ramifications of social distancing and isolations, as well as how to test and when to test. It has been a pretty turbulent four or five weeks.”

“This apparent reduction is a small move in the right direction but we can’t stress enough the need to remain alert, to continue to follow protocols and to raise any concerns in both on and offshore working environments.”

Here’s a good video clip explaining the record fall in US employment:

JUST IN: U.S. private payrolls fell by more than 20.2 million in April, the worst loss in the ADP survey’s history. https://t.co/E37a0IjOc5 pic.twitter.com/FRcGtXXVa6

The US stock market appears to be shrugging off the dramatic surge in US unemployment.

The Dow Jones industrial average is up 0.3% in early trading, gaining 76 points to 23,959. Quite a subdued reaction to the news that Twenty Million Americans lost their jobs last month.

“Equity markets seem quite happy about the prospects of factories and shops gearing up for more activity, but confidence, the key ingredient to secure a return to normal, remains elusive. Even though China has now gone weeks without a new case, the COVID19 curves are not flattening everywhere. Indeed, in some US states the trends continue to worsen and there are still lots of unanswered questions about how and why it spreads.

“Fresh outbreaks raise the threat of further lockdowns in some parts of the country. More damaging will be delays in restoring confidence to workers and shoppers that more normal activity is safe.

Bloomberg News’s analysis found that 20 states that have lifted restrictions don’t meet the White House guidelines for reopening.

Many are moving ahead anyway https://t.co/H79gTbdPQx pic.twitter.com/bTwoeW4yGe

Uber is also permanently close 180 driver service centres as part of its cost-cutting drive, Bloomberg reports:

Of the more than 450 driver centers Uber operates worldwide, 40% will shut down. The locations, called Greenlight Hubs, are used to sign people up to drive for Uber, teach them how to use the app and address issues that arise on the job. In March, as the virus was spreading in North America, Uber said it was temporarily closing all hubs in the U.S. and Canada.

Dara Khosrowshahi signaled that more “difficult adjustments” would be put forth in the next two weeks. “Days like this are brutal,” he wrote [in an email to employees].

Uber will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures https://t.co/PxmZFyaizu

Just in: Uber is adding to America’s unemployment misery, by cutting 3,700 jobs in response to the Covid-19 pandemic.

Due to lower trip volumes in its Rides segment and the Company’s current hiring freeze, the Company is reducing its customer support and recruiting teams by approximately 3,700 full-time employee roles.

In connection with these actions, the Company estimates that it will incur approximately $20 million related to severance and other termination benefits.

UBER TO CUT 3,700 EMPLOYEES, ABOUT 14% OF WORKFORCE, AS CORONAVIRUS CAUSES DEMAND TO PLUNGE
(cnbc)

Paul Ashworth of Capital Economics fears that America’s jobless rate will hit at least 15% on Friday, when the government publishes April’s Non-Farm Payroll.

He points out that today’s ADP report isn’t completely comparable to NFP:

The ADP counts anyone on the active payroll rather than just people who were paid during the month, which is the official non-farm payroll definition. Within many people put on temporary layoff, that could have created a discrepancy, with those people still on the active payroll, but not counted in the official non-farm payroll figures and also qualifying as unemployed in the other official household survey.

We still estimate that non-farm payrolls fell by 22,500,000, with the unemployment rate rising to somewhere between 15% and 20%.

Heather Long of the Washington Post points out that America’s labor market has lost all the job creation gains of the last decade:

A decade of US job gains was wiped out in two months

ADP says 20.2 millions jobs were lost in April. Official government report comes out Friday https://t.co/uoaWRZnmHu

The @ADP private sector payroll report: 20.2mn #jobs losses in April:

- services 16mn job losses with half in leisure & hospitality (8.6mn), followed by #trade and transportation (-3.4mn), other svc (-1.3mn), prof/biz svc (-1.2mn)

- goods -4.2nm with +half in construction pic.twitter.com/11WSR2PM4U

More Detail: pic.twitter.com/DJeMYLL4nj

The level of private sector employment in April @ADP pic.twitter.com/0rd65NzbRT

ADP have also provided a sector-by-sector breakdown of the catastrophic job losses across America last month:

Goods producers cut 4.23 million jobs:

We’ve had a lot of bad data recently, but April’s US private sector payroll is a real shocker.

At 20.3 million, last month’s job losses obliterate the previous record of around 835,000 jobs lost in February 2009 after the financial crisis.

ADP pic.twitter.com/zP1WYsapfc

Another ominous sign for the April jobs report Friday..

20.2 million private sector jobs were lost in April, according to ADP. Shattered the previous record of 835K in February 2009.

Newsflash: More than 20 million Americans lost their jobs at companies across the country last month.

ADP, which processes payrolls for companies across America, has just reported that private sector employment decreased by 20,236,000 jobs from March to April.

Job losses of this scale are unprecedented. The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession.

As such, the April NER does not reflect the full impact of COVID-19 on the overall employment situation.

BREAKING:

*U.S. ADP PRIVATE PAYROLLS PLUNGE BY 20.236 MILLION IN APRIL, THE WORST JOB LOSS IN THE HISTORY OF ADP REPORT$DIA $SPY $QQQ $VIX pic.twitter.com/lh8oLbVMeY

US car maker General Motors has cheered Wall Street by beating profit expectations, and outlining plans to restart operations later this month.

Net income at the carmaker tumbled in the last quarter to around $300m, down from $2.16bn a year ago.

Considerable planning is under way to restart operations in North America.

Based on conversations and collaboration with unions and government officials, GM is targeting to restart the majority of manufacturing operations on May 18 in the U.S. and Canada under extensive safety measures.”

GM plans to resume production May 18 at 'majority' of N.A. operations https://t.co/2hJgKBg9Sg pic.twitter.com/JGPci4h97c

Despite the surge in UK government borrowing, there’s no shortage of willing buyers for British gilts.

Reuters has spotted that the UK borrowed for thirty years at a cheaper rate than ever before:

Britain’s government paid investors an interest rate of under 0.5% to borrow for more than 30 years on Wednesday, the lowest-ever yield at an auction for a conventional British government bond with a maturity of more than 10 years.

Investors bid for 2.6 times the 1.75 billion pounds ($2.17 billion) on offer of the 1.625% 2054 gilt, similar to the last sale of the bond on April 21, and the average successful bidder will receive an annual yield of 0.495%.

Overnight, Airbnb has set out plans to make 1,900 staff redundant – around a quarter of its global workforce – as it forecast that its revenues in 2020 will be half the $4.8bn it earned in 2019.

“We don’t know exactly when travel will return. When travel does return, it will look different.”

“People will want options that are closer to home, safer, and more affordable,”

Both sterling and the euro have fallen, after this morning’s dire PMI surveys.

The pound has shed half a cent against the US dollar to $1.238, its lowest in seven sessions, as traders digested the unprecedented drop in construction activity.

“The euro and sterling are in the firing line this morning, with a host of economic releases highlighting just how dire the economic picture is irrespective on continued gains seen throughout stock markets.

“From a PMI perspective, final readings are typically perceived as a somewhat drab affair as minimal adjustments are made to previous estimates.

Nearly 70,000 state-backed loans to small UK firms have been granted, totalling over £2bn, in the latest effort to protect Britain’s economy from the pandemic.

The Bounce Back Loan Scheme opened on Monday, and proved popular with struggling companies. Seven large lenders received more than 130,000 applications on Monday, the Treasury reports.

Almost 70k Bounce Back Loans worth £2.1bn approved on the first day.

Millions of pounds have already landed in people’s accounts, supporting those firms through the #coronavirus crisis.

Find out more: https://t.co/cvXhsi3iSu pic.twitter.com/o80UoJjZb1

Bounce Back Loans for small businesses - I'm still getting messages from Barclays customers saying the online application system isn't working for them
This is the 3rd day since launch

There has been a massive demand for the Bounce Back Loan and it is taking longer then expected but I can assure you that is being worked on. You should receive the email at some point today, if not received already. Hope this helps. Thank you. [ASA]

Europe will experience a recession this year of a depth unmatched since the Great Depression and the UK will be one of the hardest hit, the European Commission has just warned.

Economic forecasts published by the Commission on Wednesday suggest that the UK will experience an 8.3% contraction by the end of the year, with investment down by 14% and a doubling of unemployment.

“While the immediate fallout will be far more severe for the global economy than the financial crisis, the depth of the impact will depend on the evolution of the pandemic, our ability to safely restart economic activity and to rebound thereafter. “This is a symmetric shock: all EU countries are affected and all are expected to have a recession this year.”

Eurozone heading for its worst GDP contraction on record at 7.75% this year according to @EU_Commission forecasts. In order of magnitude for 2020:
-9.7%
-9.5%
-9.4%
-8.2%
-7.9%
-7.9%
-7.4%
-7.2%
-7%
-7%
-6.9%
-6.8%
-6.8%
-6.7%
-6.5%

-6.3%
-5.8%
-5.5%
-5.4%

Non-euro:
-9.1%
-8.3%
-7.2%
-7%
-6.1%
-6%
-5.9%
-4.3%

Despite this morning’s torrent of bad news, the UK stock market has nudged higher - with the blue-chip FTSE 100 and the smaller FTSE 250 index both up 0.5%.

That’ll please those investors who piled into shares last month, on hopes that the worst of the market slump is over.

Small investors poured into the stock market in April in the hope of picking up bargains, with record inflows into funds according to data provider Calastone.

A net £2.6bn was invested in equity funds in the UK in April, the highest monthly figure on record and six times more than a typical month, it said.

About 70% of the country’s 10,500 fish and chips shops have reopened as owners find new ways of doing business under lockdown.

Virgin Money is delaying its company wide rebrand– which will involve snuffing out the Clydesdale and Yorkshire bank names – due to Covid-19.

But the bank’s chief executive insisted the project has not been derailed due bad press linked to Richard Branson’s poorly-received attempts to tap government rescue money to save his Virgin Atlantic airline.

“Effectively we are continuing with the implementation of the our rebranding. We think it’s a great consumer brand and we’re delivering for our customers in a really customer-oriented way, which is in the DNA of that brand. So absolutely no changes to make in terms of that.

And all airlines I think are suffering from the same level of difficulty, so I’m not concerned about that.”

The Covid-19 lockdown has knocked the wind out of the building industry, warns Duncan Brock of the Chartered Institute of Procurement & Supply.

He fears it will take many years to recover:

“Only a few civil engineering and infrastructure projects were able to continue in April, but a tentative restart is expected in other areas such as house building and commercial construction in the short-term. As new plans from policymakers are developed over social distancing, building work may continue but not as we know it as restrictions and new safety rules are likely to make progress more difficult.

For a sector still not fully recovered from the skills shortages created by the financial crisis in 2008, the vacuum of output created by the pandemic has knocked the sector back another decade.”

Tim Moore, economics director at IHS Markit, reports that UK builders are (understandably) worried about the future after effectively shutting down in April.

Many are concerned about their cash flow, despite putting many workers on the government’s furloughing scheme.

A drop in construction activity of historic proportions in April looks set to be followed by a gradual reopening of sites in the coming weeks, subject to strict reviews of safety measures.

“However, the prospect of severe disruption across the supply chain will continue over the longer-term and widespread use of the government job retention scheme has been needed to cushion the impact on employment.

Construction firms reported that new business orders tumbled in April as customers shied away from signing contracts amid the lockdown.

Markit explains:

Construction companies commented on the suspension of contract awards due to business closures among clients, as well as uncertainty about the duration of stoppages on site and feasibility of starting new projects.

Newsflash: Britain’s construction industry has suffered its worst ever monthly contraction, as builders downed tools to comply with the Covid-19 lockdown.

The UK construction PMI has slumped to just 8.2 for April, down from 39.3 in March, and far (far!) below the 50-point mark showing stagnation.

The vast majority of survey respondents (86%) reported a reduction in business activity since March, reflecting widespread site closures and shutdowns across the supply chain in response to the public health emergency.

Just in: The eurozone’s private sector shrank at an unprecedented rate last month, led by Spain and Italy.

Data firm Markit’s eurozone composite PMI, which tracks activity across its private sector, has slumped to 13.6 for April, down from 29.7 in March.

“The extent of the euro area economic downturn was laid bare by record downturns in every country surveyed in April, with output falling at unprecedented rates across the region’s manufacturing and services sectors.

With a large part of the region’s economy shut down while COVID-19 infections spiked higher, the economic data for April were inevitably going to be bad, but the scale of the decline is still shocking. The survey data are indicative of GDP falling at a quarterly rate of around 7.5%, far surpassing the worst decline seen in the global financial crisis. Jobs are also being lost at a rate never previously seen.

Ocado is continuing to profit from the Covid-19 pandemic.

The online grocer has reported a 40% surge in UK revenue so far this quarter, up from 10% growth in the first three months of 2020.

Growth in Retail Revenue in the Second Quarter to date is 40.4% up on last year, compared to 10.3% growth in the First Quarter.

The number of items per basket appears to have passed its peak but remains high, as more normal shopping behaviours have returned, and the share of fresh and chilled products in the mix, relative to ambient, is also returning to normal.

Ouch! Spain’s service sector has also suffered its worst monthly slump on record, with its PMI sliding to a mere 7.1 in April, from 23 in March.

That shows an “unprecedented” drop in activity.

Spain Markit Services PMI – April Report https://t.co/i5aytgLrSV pic.twitter.com/3J470i7sQb

India’s service sector is shrinking at an unprecedented rate, due to its Covid-19 lockdown.

The Indian service sector PMI, which measures activity across the sector, has taken an almighty tumble -- dropping to just 5.4 from 49.3 in March. An extraordinary plunge, on an index where 50 points shows stagnation.

India April services PMI 5.4 from 49.3. Talk about locked down!!! pic.twitter.com/mv78wdadBs

Historical comparisons with GDP data suggest that India’s economy contracted at an annual rate of 15% in April.

It is clear that the economic damage of the COVID-19 pandemic has so far been deep and far-reaching in India, but the hope is that the economy has endured the worst and things will begin to improve as lockdown measures are gradually lifted.

India Services PMI: 5.4

Wow. The lowest ever anywhere? That’s worse than I’d have expected in the aftermath of nuclear war.

ITV has revealed the scale of the impact of the coronavirus, by furloughing 800 staff as advertising slumped 42% last month.

“We are now very focused on emerging from this crisis in a strong position, continuing to offer advertisers effective marketing opportunities and making preparations to restart productions safely.”

German carmaker BMW has also highlighted the economic cost of Covid-19 this morning.

BMW has reported a 20% tumble in vehicle deliveries in the first quarter of 2020, including a 30% slump in China.

The worldwide spread of coronavirus has left international automobile markets in an extremely weak overall condition after the first three months of the year. Initially, events were dominated by a slump in registrations in China in February and March.

However, all other major automobile markets subsequently reported declines, some of them drastic, especially from March 2020 onwards.

“The decisive factor for the adjustment is that the measures to contain the coronavirus pandemic are lasting longer in several markets and are thus leading to a broader negative impact than was foreseeable in mid-March.

It is therefore apparent that delivery volumes in these markets will not – as was previously assumed - return to normal within a few weeks. The highest negative impact is expected in the second quarter of 2020.”

Carmaker BMW posts 1Q revenues +3.5% to €23.25bn but gross profit -13% to €3.5bn. Deliveries -20% in line with German market, EU demand -25%, China -50%. Operating costs up on higher raw material costs. Cuts FY guidance.https://t.co/t4jZOAAYD4

Germany’s economy ministry blamed the dramatic fall in orders on the global economic shock of Covid-19, and warned that the situation will worsen.

In a statement, it says:

“It is to be expected that production will decline sharply from March onwards due to corona”

A little bit of context about the -15.6% print of 'Germany Factory Orders MoM' pic.twitter.com/itmSMr07Op

Demand for heavy-duty German tools, machinery, vehicles and other equipment slumped particularly sharply in March.

Orders for these capital goods fell over 22%, while intermediate goods [used to make something else] fell 7.5%. Consumer goods, though, only dropped 1.3%.

OUCH! #Germany March factory orders fall 15.6% MoM vs -10% MoM expected and biggest slump since the series began. Capital goods orders fall 22.6% MoM, Consumer goods orders fall 1.3% MoM. Basic goods orders fall 7.5% MoM. pic.twitter.com/JtLdNUXyr1

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Domestic orders decreased by 14.8% and foreign orders fell by 16.1% in March 2020 on the previous month.

New orders from the euro area went down 17.9%, and new orders from other countries decreased by 15.0% compared with February 2020.

Continue reading...





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The Tiger King and I - My Stories from Working at America's Most Controversial Zoo

An exclusive look into the madness that was being an employee of 'Tiger King," a controversial zoo that is the subject of a wildly popular new Netflix documentary series.




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BBC Click's Jen Copestake looks at some of the best of the week's technology stories.




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Facebook introduces new updates in 'Stories' feature, beginning from India

Facebook has rolled out new updates in its Stories feature that are available for the users in India first and will reach the global users later.

One such update is "Voice Posts" that will let users share their thoughts via audio to their friends and families.

"Voice posts lets you share in the moment without having to share a photo or video. This could also help people who can't necessarily write in the language they want to share in," Connor Hayes, Director of Product Management, Facebook Stories, wrote in a blog post on Wednesday.

People will now be able to save the photos and videos they capture through the Facebook camera, where only they can see them when they log into their Facebook account.

"This allows people to save the photos and videos they capture without taking up space on their phone," the post read.

It can also be used to save photos you might want to share later, so you don't have to edit or post them while you're out with your friends and instead enjoy the moment and share them later.

"In the coming weeks we're rolling out an archive for people to save the stories most important to them. After a photo disappears from your story, you can find it in your story archive - a place only you can see. You can always choose to not save them," said the post.

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever





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Why artists and designers are revisiting stories behind old photographs


Photographer and graphic designer Anusha Yadav started the Indian Memory Project, an online, visual, narrative-based archive in 2010, to trace the history of the subcontinent via photographs and letters. Pic/Ashish Raje

EarLier this week, artist and oral historian Aanchal Malhotra, 28, travelled nearly 240 km to Chandigarh from Delhi, to meet a nonagenarian, who had lived through the Partition of 1947. As she speaks about it now, there's a lump in her throat. "I couldn't sleep that entire night," Malhotra confesses. "Even 70 years on, the woman is so afraid to talk about it. It had everything, from gun fire, to fleeing from her home in Pakistan, to her brother and mother being taken as prisoners, and to giving birth in a forest on her way to India. When she first delivered the baby, her immediate response was to throw it away. You can imagine what trauma she was experiencing." What surprised Malhotra most was when the 90-year-old asked her what she would do with her story. "I said that I wanted to publish it. The woman's immediate response was, 'who will read this?'. They really think that nobody cares. But, this is the story that has shaped the future of contemporary India."


The jewellery Aanchal Malhotra is wearing, was made in the North-West Frontier Province and was given to her great-grandmother, Lajvanti Gulyani, by her in-laws on her wedding to Hari Chand Gulyani in the year 1919. But it could have been in the Gulyani family before that as well. Since she became a widow quite young and was a single mother at the time of Partition, it was carried by her to India in 1947 because she thought she would be able to sell it and earn money to put her children through school. She then gave it to Malhotra’s grandmother, who has now given it to her. Pic/Nishad Alam

Malhotra is the author of Remnants of Separation (HarperCollins India), a book that revisited the Partition through objects carried across the border, and the co-founder — along with Navdha Malhotra — of The Museum of Material Memory, a digital repository of material culture of the Indian subcontinent, tracing family histories and ethnography through heirlooms and objects of antiquity. Since the launch of the archive last year, the founders have put together over 35 heartwarming object stories. Closer home, photographer and graphic designer Anusha Yadav's Indian Memory Project — an online, visual, narrative-based archive, founded in 2010, which traces the history of the subcontinent via photographs and letters — has helped us see history in another light. There is also Paris-based perfumer Jahnvi Lakhota Nandan, whose recently-published book, Pukka Indian: 100 objects that Define India (Roli Books), documents the most coveted symbols and designs representing our culture, by tracing its origin and significance in our lives. All three projects while different in essence and form, have one common intent — to record untold stories from our history and preserve them for posterity. But, as Malhotra's subject asked her, why should anyone be curious?


The chakla and belan originated in 7,500 – 6,000 BCE in Punjab. At the time, this region was cultivating wheat and barley extensively. Rather than using the flatness of the chakla and the pressure of the belan to what we might expect to be used around the country to make flatbread, whatever the ingredient might be, it is only in this region of north India that the chakla and belan were used simply because wheat and barley lend themselves to kneading. What must have been perceived as a high-technology kitchen tool then, the chakla and belan soon spread to other parts of the country. Text courtesy/Pukka India by Jahnvi Lakhota Nanda, Roli books; Pic/Shivani Gupta

Celebrating the mundane
Nandan, an alumnus of the School of Art and Design at Tsukuba University, Japan, admits that her project stemmed out of her curiosity to find out about the designs that define us an Indian. "Design is a mirror of our attitudes and habits. Through the course of writing this book on Indian design, I found that uniquely Indian gestures like churning, combing and calculating were reflected in it," she writes in the book. From the dabba, agarbatti, and kulhad, to Babuline gripe water, most of the objects Nandan chose for the book, have "either been made or originated in India, or have an element that is very Indian, or are being used in a very Indian context".


This picture is of Purvi Sanghvi’s grandfather Dwarkadas Jivanlal Sanghvi (extreme right in a black coat) and his brother Vallabhdas Jivanlal Sanghvi with their business partners at a Pen Exhibition in Bombay around 1951. The family ran Wilson Pens that quickly rose to huge fame and became a preferred choice of pens across the country. All government offices, law court, used the Wilson pens. The Wilson Pen Family made the orange, thick-nibbed pen that wrote the most fundamental document that defines the state of India: The Constitution of India written by Dr Babasaheb Ambedkar. Pic, Text Courtesy/Indian Memory Project/Contributed by Purvi Sanghvi, Mumbai

It's while working on the book that Nandan realised how "our own homes are a repository of history". Here, she relays an incident when Shivani Gupta, the photographer for Pukka Indian, had been anxious about finding a mandira — a butter churner — that Nandan had mentioned in the book. "She went home, and realised that she had five of them in her kitchen. She didn't even know she was sitting on so much wealth." Nandan adds, "We don't tend to celebrate the mundane. What we celebrate are things that have obvious value, like jewellery, the beautification of the body or the exotic."


Paris-based perfumer Jahnvi Lakhota Nandan's recent book, Pukka Indian, documents the most coveted symbols and designs representing Indian culture, by tracing its origin and significance in the lives of its users. Pic/Suresh Karkera

Object as a catalyst
Malhotra's interest in people's histories began while working on Remnants of Separation, which was an extension of her Master of Fine Arts thesis project for Concordia University, Canada. Malhotra's research began after she came across a gaz (a measuring device) and ghara (a pot), which belonged to her nana's family, and had crossed the border. "Sometimes the Partition is too traumatic to speak about. When I started my research, I didn't know where to begin or what I could ask, without sounding frivolous. The object became a catalyst to enter into that conversation. So, rather than me saying 'Oh! You lived through the Partition, that must be awful,' I was now asking relevant questions, like 'why did you choose to take this gold bangle with you?'. The object then, didn't become something that recessed into the background, but something around which the entire background was arranged."

That's when she and Navdha decided to start The Museum of Material Memory. The duo encourages everyone to contribute, provided the object is from or before the 1970s. The archive comprises everything from a 5-inch-long, mottled sewing needle to a chaddar with traditional baagh and phulkari embroidery and a former Class II Income-Tax officer's diary filled up with the repeated words 'Sri Rama Jayam', meaning Jai Sri Ram. Each post is accompanied with the story behind the object. "Material ethnography is so vastly explored in the West, especially when it comes to events of trauma and crisis. What we are recording here, will never be found in any textbook. We need active memoralisation, not just of traumatic events, but of our tradition and culture, which is primarily oral."

Not just for nostalgia's sake
The indianmemoryproject.com, says Yadav, started off as a book idea, where she wanted to collect old, wedding photographs. "I wanted to document the idea of weddings in different cultures, and explore the entire phenomena behind the crew that makes it possible," she says. "While the book didn't happen, the pictures stayed with me." That's how, her archive, a first-of-its-kind in India, took off. "If you are fascinated with history, you will know that India really is a melting pot. Every civilisation has passed through it. And so we have all kinds of DNA in us. And considering photography was discovered two centuries ago, we did have a lot of content to discuss," says Yadav.

She admits that it wasn't as easy to get people to share their photographs or talk about their stories. "But, there needs to be integrity, transparency and you need to earn the trust of your subject. When you have these value systems in place, people are more open. I always thought of the archive as an institution." Funding for the project has been tough, says the archivist. "When I began, I was very clear that I didn't want to become a trust. Unfortunately, that's the channel through which most of the money comes from. But, there's a server and maintenance cost and the site constantly needs to be upgraded. Now, I have started putting in requests for honorariums. The only way I will get money is through a private funder, who is fascinated with the idea, and wants to back it as well. Sometimes, when a good sum comes from my own work as a photographer, part of the profits go to it. At the end of the day, it is an unofficial record of history, and I'm doing my best to sustain it."

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Witches, spirits and stories: Two documentaries explore faith and superstition


A still from Some Stories Around Witches

In the tribal villages of Odisha, a teenage girl kills an elderly relative believing that she is a witch and the cause of her father’s death. Overnight, a village turns into a mob to kill three people — a man and two women — who were identified as witches by a witch doctor. Meanwhile, a family is threatened and ostracised, for it is believed they bring ill fate, after they cook meat.


Lipika Singh Darai

The audience is engaged with three real life incidents in the 53-minute documentary, Some Stories Around Witches. Directed by Bhubaneswar-based FTII alumnus Lipika Singh Darai and produced by the Public Service Broadcasting Trust (PSBT), the film explores the politics of witch hunting and the humanitarian crisis surrounding it. It will be screened tomorrow as part of the 22nd edition of Dr Bhau Daji Lad Mumbai City Museum’s monthly screening programme, Movies At The Museum.

“There is a mystery surrounding tradition and myths about witchcraft but we should also see it in the light of socio economics and politics to understand the complexity of the events. The cases are very sensitive and my priority was to make the camera’s presence insignificant,” says Darai, who will be present for a Q&A session post the screening, which marks its premiere in Mumbai.

At the event, also catch the screening of another PSBT production, There Is Something In The Air. Directed by Delhi-based filmmaker Iram Ghufran, the Hindi-Urdu documentary is a series of dream narratives, and accounts of spiritual possession as experienced by women ‘petitioners’ at the shrine of a Sufi saint in north India.





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Father's Day Special: Two single dads share stories of how they bond with kids

Sanjay Sharma with his daughters Aayushi (left) and Shriya, both of whom enjoy skating. Pic/Satej Shinde

"When you get divorced, the people you used to hang out with disappear. Suddenly, you have no friends, and neither does your child," begins Hemant Amrute, 43, who has been raising his 12-year-old son as a single parent since 2010. Similarly, Goregaon resident Sanjay Sharma has had full custody of his daughters since 2013, when his older child was not yet five, and the younger two-and-a-half years old.

Hemant Amrute with his son Aryan before a parasailing trip in Goa last December

Taking on the role of both parents hasn't been easy for either of these single dads, but that hasn't stopped them from providing their little ones with an upbringing that isn't lacking.

Striking a work-life balance
Recently, actor Tusshar Kapoor and director Karan Johar made news when they became single fathers to children born via surrogacy. But while these men, who come from privileged backgrounds, presumably have help, this is not the case with most single dads who have to juggle work and kids.

A normal day in the life of the Sharma family is hectic. "Luckily for me, I run my own business, so I do all my work when the kids are at school. My job is to pick them up and later in the evening, drop them off for skating or swimming lessons. My older daughter has also been learning Kathak for two years, while my younger one takes singing lessons," shares 35-year-old Sharma, adding that his mother helps him out on the home front.

Amrute, meanwhile, is also a busy entrepreneur, but now feels confident enough to leave his son home by himself whenever required, as he's a little older. His challenge, however, lies in the kitchen. "I never learned to cook," laughs the Thane resident, adding, "We've had a string of cooks come and go, because both of us invariably end up not liking the food."

Not to mention that being a single parent still has stigma attached to it, which is multiplied when the single parent in question is the father. "In the beginning, people would say, 'Yeh nahin kar paayega (he won't be able to do it)'. Now, they've seen it for themselves," says Sharma. Echoing the sentiment, Amrute adds that once a couple gets divorced, people tend to look down on them, and your social circle shrinks to prevent the awkwardness.

Creating a lasting bond
Sharma's daughters and Amrute's son love being outdoors. Sharma takes his kids to the beach, park, as well as for kiddie events across the city. "We love going on holidays, too, even if they're to nearby places like Mahabaleshwar or Daman."

Amrute and his son Aryan spend weekends at their farmhouse in Yeoor Hills, and head to the cinema or the mall on other days. "We also spent Christmas in Goa last year, which was a lot of fun. A few years ago, I took him with me on a work trip to the US, and we visited a lot of places when I had some downtime," he shares.

Both men recently discovered and joined iSingleParent, a Facebook community that organises meet-ups and holidays for single mums and dads and their kids.

Amrute says that when not at school, his son would end up spending time playing with a smartphone. "We live in a standalone house, so there aren't any kids around for him to play with. But he loves technology, and scored full marks in Robotics. He also enjoys beatboxing and recently started trying out parkour. And now, thanks to the group, he looks forward to bonding with the other kids who come for the meet-ups," he says.

 





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Television actress Ratan Raajputh stuck in a village due to lockdown, narrates her lockdown stories

Once the lockdown that was imposed worldwide owning to the Coronavirus pandemic ends, a lot of people would change the way they look at life and themselves. People who are stuck alone and have no company would become a lot more responsible and those who were always dependent on others may stop taking things for granted. The one actress who has been taking care of herself all through this lockdown is Ratan Raajputh.

The Agle Janam Mohe Bitiya Hi Kijo actress is stuck in a village in Bihar due to the lockdown and has been sharing her lockdown story on Instagram almost every day. You should watch all the videos to know how she has been surviving. From cooking food to dealing with electricity problems to even cleansing the cows, she has been doing it all.

In her latest Instagram video, she showed us how she was cooking watered rice. It's a long video but we recommend you watch it from start to finish. What if you also end up learning how to cook them!

Have a look right here:

In another video, she could be seen cooking Chana Masala but asked us to google for the recipe. Well, don't miss this video either:

 
 
 
View this post on Instagram

नाकों चने चबाने के बाद अब बारी है खाने की..😜😋 . आज का मेन्यू- ‘चना मसाला (घुगनी) और चावल’ . . P.S.- Recipe के लिए गूगल करें😬 . . #chanamasla #ghugni #foodlovers #eathealthy #desikhana #stayhome #jaibharat #जयभारत #रामभरोसे✨😇

A post shared by Ratan Raajputh (@ratanraajputh) onMay 5, 2020 at 5:46pm PDT

There's a whole collection of such videos, as we stated above, which she has described as her lockdown stories. This is truly respectful that a star like her is living all by herself and making no bones about it.

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Coronavirus outbreak: ICMR releases list of 87 private laboratories to conduct COVID-19 tests

Among the 87 laboratories, which are set up in 15 states, Maharashtra has the highest number of COVID-19 testing labs at 20. It is to mention that Maharashtra is the worst-hit state in the country in terms of the number of people infected from coronavirus.

Moreover, 12 laboratories are in Telangana, 11 in Delhi, 10 in Tamil Nadu, 7 in Haryana, 6 in West Bengal, 5 in Karnataka 4 in Gujarat, and 2 each in Kerala, Madhya Pradesh, Punjab, Rajasthan and Uttar Pradesh and 1 each in Uttarakhand and Odisha.

The ICMR further said that a total of 4,62,621 samples from 4,47,812 individuals have been tested for COVID 19 as on April 21 at 9 pm. "Also, 26,943 samples have been reported on 21 April till 9 pm," it added.

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WAG Wars! Rebekah Vardy wants Coleen Rooney to apologise for accusing her of leaking fake stories to media

The virtual war between WAGs Rebekah Vardy, 38, and Coleen Rooney, 34, is far from over. It is learnt that Rebekah, wife of Leicester City footballer Jamie Vardy, wants a public apology from Coleen, the wife of former England captain Wayne Rooney, for accusing her in October of leaking fake stories to the press via social media.

While both ladies are currently locked in a legal battle, it is learnt that they will have an arbitration meeting on Zoom this week in a bid to avoid a costly court case, reported British tabloid, The Sun.

"Becky [Rebekah] is adamant she's done nothing wrong and has told her team she wants a public apology," an insider told the newspaper. "She was hurt that Coleen went straight on social media to lay the blame at her door, rather than speaking to her privately. She has maintained her innocence throughout and doesn't want this to be brushed under the carpet without Coleen publicly apologising," added the source.

The two used to be good friends before Coleen claimed in October that Rebekah's Instagram account had been leaking false stories to the press. Subsequently, Rebekah endured a lot of abuse on social media.

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Writers use food and heirloom recipes to tell stories of love and loss


Pic Courtesy/Saffron and Pearls, Harpercollins India

As a 20-year-old, when Sarina Kamini first learnt that her Australian mother was suffering from Parkinson's, a part of her own Indianness, which her mother had so devotedly brought to the kitchen table at their home in Torquay, died. In a new book, titled Spirits in a Spice Jar (Westland Books, Amazon), Kamini says, it's possibly then that she had "stopped eating Indian food". It's ironic that while she attributes her Indian heritage to her father — he was Kashmiri — it was through her mum that she learnt the traditional family recipes, who in turn learnt how to cook Indian food from her mother-in-law, fondly known as ammi. Cooking these recipes would eventually be a way to heal, helping her make sense of the resentment she felt towards her mother's condition.

If Spirits in a Spice Jar traces the arc of a woman, coming to terms with the illness, another book, Saffron and Pearls: A Memoir of Family, Friendship and Heirloom (HarperCollins India) by Delhi-based Doreen Hassan, recounts how the author, who belonged to a Goan Catholic family, warmed up to her Hyderabadi husband's family and his rich food legacy. Last year, US-based Pakistani writer Bisma Tirmizi revisited her favourite dishes from the subcontinent through a journey of self-discovery of a young, obese girl, in the novel, Feast: With A Taste of Amir Khusro (Rupa Publications).


Doreen Hassan. Pic Courtesy/Saffron and Pearls, Harpercollins India

More writers are now exploring narratives around food, while showing how recipes too, are important to great storytelling. "I set out to tell the story of me, because I was so confused about who I was. I quickly realised that I couldn't understand mum unless I understood her connection to India. From my point of view, the connection was a mix of the material and the mystic [she loves the fashion as much as she appreciates the stories of faith], and food within our family is a real representation of that. Food ties my family to Hinduism through offerings and stories. So I had to write about Kashmiri food. Spices, for me, became the axis point where I could draw all of these thoughts together," says Australia-based Kamini.

Doreen says she started writing the book, with the intention of sharing heirloom recipes she had inherited after marrying her husband, Peter Toghrille Hassan, who is honorary Counsel General for the Russian Federation in Hyderabad. But, as she started work on the book, she "thought it might be interesting for people to know where the recipes came from". "That's how it turned into a memoir along the way," she says. Doreen believes that Hassan family's history is deeply influenced by food, and hence, it was crucial to the memoir too. "When people marry into a family, they often bring their own food traditions with them. It's fascinating to understand it," she says.


Sarina Kamini. Pic Courtesy/Kristy Jane Hoghton

In the book, she writes about the time she struggled with learning to cook, after she and her husband moved to Delhi from Hyderabad, with their two children. She, eventually went back to Hyderabad, and "met Peter's aunt, Zehra Alambardar, whom we called Phuppu Jani, and said, 'Please teach me how to make a few dishes.' She told me that she cooked by andaaz, or instinct. 'Beta, you have to watch and learn. I will make the dishes in front of you, and you write them down.'" That was how Hassan was indoctrinated into cooking.

She remembers the time when her husband invited the famous Pakistani singer Mehdi Hasan, to their home for dinner. "He was to sing at our home, and there would be 100 guests in attendance. I decided to make a Salim bakra, which is an entire goat, stuffed with eggs," she writes. Kamini says her fondest food memory is associated with paneer. "I'd always make sure I was close by when mum or dad began chopping the fresh paneer into pieces; I became adept at stealing bites," she says. Adding, "When I began cooking it for my own two boys, I, too, would have to shoo them away from the chopping block as they made attempts to sneak away with it. This kind of emotional continuity around food is what cements recipes into our hearts."

The Salim Bakra stuffed with chicken and eggs, and served with rice, which Doreen prepared for ghazal singer Mehdi Hasan

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Spain prepares to reopen some factories

The death toll from the Coronavirus pandemic has slowed in some of the worst-hit countries, with Spain readying Monday to reopen parts of its economy as governments grapple with a once-in-a-century recession.

Italy, France and the US have all seen a drop in COVID-19 deaths in the past 24 hours, with Italy — the European nation most afflicted — reporting its lowest toll in more than three weeks.

Spain's death toll has fallen in recent days, but as a small bump in deaths was reported on Sunday, Prime Minister Pedro Sanchez warned that the locked-down country was "far from victory".

"We are all keen to go back out on the streets... but our desire is even greater to win the war and prevent a relapse," he said, as some companies were set to resume operations at the end of a two-weeks halt of all non-essential activity.

In the US — now the world's worst-hit nation with a fifth of all deaths and more than half a million confirmed cases — the government's top infectious disease expert added to cautious optimism that the pandemic may have reached its peak.

Anthony Fauci said, "We are hoping by the end of the month we can look around and say, OK, is there any element here that we can safely and cautiously start pulling back on?"

1,16,045
Total no. of deaths worldwide

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Tax-News.com: China Pledges Tax Support For 'Belt And Road Territories'

The tax agencies of China and Kazakhstan, with involvement also from the OECD, hosted a three-day tax conference to discuss the provision of capacity building support from China for those countries that will be involved in China's Belt and Road Initiative. It was attended by more than 250 delegates from 49 tax administrations, four international organizations, and five academic institutions.




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Tax-News.com: Caribbean Territories To Undergo Dispute Resolution BEPS Peer Review

The OECD has launched a review of dispute resolution mechanisms in place in Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, the United Arab Emirates, and Vietnam, as part of follow-up work under BEPS Action Plan Action 14.




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'Living Drug Factories' May Treat Diabetes and Other Diseases

New study devised a way to encapsulate therapeutic cells that can be implanted in patients, which could secrete drugs as-needed in the patient. This novel




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Rabindranath Tagore's birth anniversary: Here are 5 films adapted from his stories

Asia's first Nobel Prize winner Rabindranath Tagore is India's national pride but a different emotion in a Bengali household.




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Three industrial accidents within 24 hours hold crucial lesson for factories looking to resume operations

Three back-to-back industrial accidents were reported from the states of Andhra Pradesh, Chhattisgarh and Tamil Nadu on Thursday as factories resumed operations post lifting of lockdown curbs.




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Australia Business Inventories

Business Inventories in Australia increased 0.30 percent in December of 2019 over the previous month. Business Inventories in Australia averaged 0.51 percent from 1985 until 2019, reaching an all time high of 2.90 percent in the first quarter of 1999 and a record low of -2.80 percent in the third quarter of 1986. Business Inventories in Australia measure the quarterly percentage changes in inventories from manufacturers, retailers, and wholesalers. Inventories are a key component of gross domestic product. . This page provides - Australia Business Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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United States Business Inventories

Business Inventories in the United States decreased 0.40 percent in February of 2020 over the previous month. Business Inventories in the United States averaged 0.27 percent from 1992 until 2020, reaching an all time high of 1.30 percent in May of 1994 and a record low of -2 percent in December of 2008. Business Inventories in the United States measure the monthly percentage changes in inventories from manufacturers, retailers, and wholesalers. Inventories are a key component of gross domestic product. This page provides - United States Business Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Nepal Changes In Inventories

The stocks of goods held by firms in Nepal increased by 377968 NPR Million in 2018. Changes In Inventories in Nepal averaged 104909.16 NPR Million from 2000 until 2018, reaching an all time high of 377968 NPR Million in 2018 and a record low of -54 NPR Million in 2001. This page provides - Nepal Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Algeria Changes in Inventories

The stocks of goods held by firms in Algeria increased by 1341400 DZD Million in 2018. Changes in Inventories in Algeria averaged 686003.41 DZD Million from 1995 until 2018, reaching an all time high of 1532737.40 DZD Million in 2013 and a record low of 5194.30 DZD Million in 1996. In Algeria, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Algeria Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Qatar Changes in Inventories

The stocks of goods held by firms in Qatar increased by 271.02 QAR Billion in 2017. Changes in Inventories in Qatar averaged 951.45 QAR Billion from 1980 until 2017, reaching an all time high of 4355 QAR Billion in 2008 and a record low of -544 QAR Billion in 1983. In Qatar, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Qatar Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Macedonia Changes in Inventories

The stocks of goods held by firms in Macedonia increased by 79359.30 MKD Million in 2018. Changes in Inventories in Macedonia averaged 27766.99 MKD Million from 2000 until 2018, reaching an all time high of 79359.30 MKD Million in 2018 and a record low of 7337 MKD Million in 2003. In Macedonia, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Macedonia Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Mozambique Changes In Inventories

The stocks of goods held by firms in Mozambique increased by 137898 MZN Million in 2018. Changes In Inventories in Mozambique averaged 40540.68 MZN Million from 2003 until 2018, reaching an all time high of 137898 MZN Million in 2018 and a record low of -3739.60 MZN Million in 2003. This page provides - Mozambique Changes In Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Tunisia Changes in Inventories

The stocks of goods held by firms in Tunisia decreased by 775.30 TND Million in 2016. Changes in Inventories in Tunisia averaged 311.52 TND Million from 1990 until 2016, reaching an all time high of 2225.80 TND Million in 2014 and a record low of -775.30 TND Million in 2016. In Tunisia, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Tunisia Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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South Sudan Changes In Inventories

The stocks of goods held by firms in South Sudan increased by 7.90 Million SSP in 2016. Changes In Inventories in South Sudan averaged 13.60 Million SSP from 2008 until 2016, reaching an all time high of 58 Million SSP in 2014 and a record low of 5.60 Million SSP in 2011. This page provides - South Sudan Changes In Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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United Arab Emirates Changes in Inventories

The stocks of goods held by firms in the United Arab Emirates increased by 60170.53 AED Million in 2018. Changes in Inventories in the United Arab Emirates averaged 32100 AED Million from 2001 until 2018, reaching an all time high of 98011.42 AED Million in 2015 and a record low of 7139.72 AED Million in 2003. In the United Arab Emirates, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - United Arab Emirates Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Tanzania Changes In Inventories

The stocks of goods held by firms in Tanzania decreased by 2897000 TZS Million in 2017. Changes In Inventories in Tanzania averaged -56410.23 TZS Million from 2003 until 2017, reaching an all time high of 2901000 TZS Million in 2014 and a record low of -2897000 TZS Million in 2017. This page provides - Tanzania Changes In Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Oman Changes in Inventories

The stocks of goods held by firms in Oman decreased by 25.60 OMR Million in 2018. Changes in Inventories in Oman averaged 35.56 OMR Million from 1998 until 2018, reaching an all time high of 1372.20 OMR Million in 2008 and a record low of -1886.20 OMR Million in 2014. In Oman, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Oman Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Albania Changes in Inventories

The stocks of goods held by firms in Albania increased by 128787 ALL Million in 2016. Changes in Inventories in Albania averaged 15791.29 ALL Million from 1996 until 2016, reaching an all time high of 192706.26 ALL Million in 2015 and a record low of -38881.50 ALL Million in 2003. In Albania, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Albania Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Afghanistan Changes In Inventories

The stocks of goods held by firms in Afghanistan increased by 316982 AFN Million in 2018. Changes In Inventories in Afghanistan averaged 256852.62 AFN Million from 2008 until 2018, reaching an all time high of 535993 AFN Million in 2017 and a record low of -66849.40 AFN Million in 2008. This page provides - Afghanistan Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Pakistan Changes in Inventories

The stocks of goods held by firms in Pakistan increased by 217127 PKR Million in 2018. Changes in Inventories in Pakistan averaged 135288.06 PKR Million from 2001 until 2018, reaching an all time high of 217127 PKR Million in 2018 and a record low of 51700 PKR Million in 2001. In Pakistan, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Pakistan Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Vietnam Changes in Inventories

The stocks of goods held by firms in Vietnam increased by 148644 VND Billion in 2018. Changes in Inventories in Vietnam averaged 46961.61 VND Billion from 1990 until 2018, reaching an all time high of 148644 VND Billion in 2018 and a record low of 530 VND Billion in 1990. In Vietnam, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Vietnam Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Austria Changes In Inventories

The stocks of goods held by firms in Austria increased by 1083.50 EUR Million in the fourth quarter of 2017. Changes In Inventories in Austria averaged 320.95 EUR Million from 1988 until 2017, reaching an all time high of 1363.60 EUR Million in the first quarter of 2011 and a record low of -595.60 EUR Million in the second quarter of 2009. In Austria, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Austria Changes In Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Kosovo Changes in Inventories

The stocks of goods held by firms in Kosovo increased by 1966.90 EUR Million in 2018. Changes in Inventories in Kosovo averaged 1521.94 EUR Million from 2008 until 2018, reaching an all time high of 1966.90 EUR Million in 2018 and a record low of 1123.70 EUR Million in 2008. In Kosovo, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Kosovo Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Venezuela Changes in Inventories

The stocks of goods held by firms in Venezuela decreased by 543 VEF Million in the first quarter of 2019. Changes in Inventories in Venezuela averaged 569.89 VEF Million from 1998 until 2019, reaching an all time high of 2399 VEF Million in the third quarter of 2012 and a record low of -1404 VEF Million in the fourth quarter of 2017. In Venezuela, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Venezuela Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Morocco Changes in Inventories

The stocks of goods held by firms in Morocco increased by 56051 MAD Million in 2018. Changes in Inventories in Morocco averaged 7002.49 MAD Million from 1952 until 2018, reaching an all time high of 56051 MAD Million in 2018 and a record low of -1990 MAD Million in 1995. In Morocco, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides the latest reported value for - Morocco Changes in Inventories - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Palestine Changes In Inventories

The stocks of goods held by firms in Palestine increased by 33.50 USD million in the second quarter of 2019. Changes In Inventories in Palestine averaged -28.04 USD million from 2011 until 2019, reaching an all time high of 36.90 USD million in the first quarter of 2018 and a record low of -89.30 USD million in the third quarter of 2014. This page provides - Palestine Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Cyprus Changes in Inventories

The stocks of goods held by firms in Cyprus decreased by 23.60 EUR Million in the first quarter of 2018. Changes in Inventories in Cyprus averaged -1.65 EUR Million from 1995 until 2018, reaching an all time high of 164.90 EUR Million in the third quarter of 2014 and a record low of -214.40 EUR Million in the third quarter of 2013. In Cyprus, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Cyprus Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Uganda Changes In Inventories

The stocks of goods held by firms in Uganda increased by 724.40 UGX billion in 2018. Changes In Inventories in Uganda averaged 510.71 UGX billion from 2008 until 2018, reaching an all time high of 724.40 UGX billion in 2018 and a record low of 365.40 UGX billion in 2010. This page provides - Uganda Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Burkina Faso Changes In Inventories

The stocks of goods held by firms in Burkina Faso increased by 7 XOF Billion in 2018. Changes In Inventories in Burkina Faso averaged 13.06 XOF Billion from 1990 until 2018, reaching an all time high of 46.80 XOF Billion in 1997 and a record low of -31 XOF Billion in 2016. This page provides - Burkina Faso Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Malawi Changes In Inventories

The stocks of goods held by firms in Malawi increased by 7516.70 MWK Million in 2018. Changes In Inventories in Malawi averaged -10671.27 MWK Million from 2002 until 2018, reaching an all time high of 40314.19 MWK Million in 2008 and a record low of -65676.27 MWK Million in 2006. This page provides - Malawi Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Egypt Changes in Inventories

The stocks of goods held by firms in Egypt increased by 7 EGP Billion in the fourth quarter of 2016. Changes in Inventories in Egypt averaged 1.89 EGP Billion from 2006 until 2016, reaching an all time high of 7 EGP Billion in the fourth quarter of 2016 and a record low of 0 EGP Billion in the third quarter of 2006. In Egypt, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Egypt Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Jordan Changes in Inventories

The stocks of goods held by firms in Jordan increased by 193.70 JOD Million in 2009. Changes in Inventories in Jordan averaged 87.91 JOD Million from 1976 until 2009, reaching an all time high of 337.80 JOD Million in 2007 and a record low of -106.40 JOD Million in 1999. In Jordan, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Jordan Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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China Changes in Inventories

The stocks of goods held by firms in China increased by 15873.10 CNY HML in 2018. Changes in Inventories in China averaged 2773.25 CNY HML from 1952 until 2018, reaching an all time high of 15873.10 CNY HML in 2018 and a record low of 3 CNY HML in 1962. In China, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - China Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Mongolia Changes In Inventories

The stocks of goods held by firms in Mongolia increased by 411317.10 MNT Million in the third quarter of 2019. Changes In Inventories in Mongolia averaged 349661.75 MNT Million from 2010 until 2019, reaching an all time high of 1068720.90 MNT Million in the fourth quarter of 2013 and a record low of -32428 MNT Million in the first quarter of 2015. This page provides - Mongolia Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Montenegro Changes in Inventories

The stocks of goods held by firms in Montenegro increased by 38989 EUR Thousand in the third quarter of 2019. Changes in Inventories in Montenegro averaged 9684.17 EUR Thousand from 2011 until 2019, reaching an all time high of 79025 EUR Thousand in the fourth quarter of 2018 and a record low of -131872 EUR Thousand in the third quarter of 2016. In Montenegro, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Montenegro Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.