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CNN10 - 5/5/20

Have students home from school? Here's their daily news breakdown for Tuesday: www.cnn10.com




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CNN10 - 5/6/20

Have students home from school? Here's their daily news breakdown for Wednesday: www.cnn10.com




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CNN10 - 5/7/20

Have students home from school? Here's their daily news breakdown for Thursday: www.cnn10.com




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CNN10 - 5/8/20

Have students home from school? Here's their daily news breakdown for Friday: www.cnn10.com




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Bijan's Beverly Hills Estate for $12 Million

The estate of Bijan Pakzad, the Iranian fashion designer who died last year, is putting his Beverly Hills, Calif., home on the market for $12 million. Lauren Schuker has details on The News Hub. Photo: Marc Angeles/Unlimited Styles Studio.




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Versace Miami Beach Mansion for $125 Million

A Miami Beach, Fla., estate owned by Versace goes on the market for $125 million. Lauren Schuker has details on The News Hub. Photo: Reuters.




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Coronavirus Update: Covid-19 Treatment Hopes, Aerospace Survival Plans

Regulators weigh greenlighting the emergency use of a Gilead drug, Boeing and Airbus plan to cut thousands of jobs, and Elon Musk rails against lockdown measures. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Associated Press




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Over 30% polling till 11:30 hrs in Puducherry

Voters turned up in large numbers at the booths despite rains in urban & rural areas




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Opinion: 1975 'Jaws' Trailer Resonates in Coronavirus Era

Watch the 1975 trailer for "Jaws," in which a deadly threat forces reluctant politicians to order a shutdown of the economy. Image: Universal Pictures via Everett Collection




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ASEAN holds special summit on response to COVID-19 pandemic

Leaders of the 10-member Association of Southeast Asian Nations (ASEAN) on Tuesday morning met via videoconference to deliberate on a strategy to combat and overcome the COVID-19 crisis, ensuring peaceful life of people and sustainable development of countries in the region.In his capacity as ASEAN Chair 2020, Vietnamese Prime Minister Nguyen Xuan Phuc chaired the virtual summit, attended by the heads of state or government of the 10 ASEAN members- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and the ASEAN secretary-general, Xinhua news agency reported.The leaders are expected to focus their discussions on containing and preventing the spread of COVID-19, supporting people in the countries hit by the disease, including providing consular assistance to ASEAN citizens living, working and studying in other ASEAN nations or a third country, and minimizing socioeconomic impacts of the pandemic.They are also expected to adopt a ...




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Covid-19 cases in Afghanistan surge to 714, IMF gives debt relief

The Afghan Health Ministry said that 49 new COVID-19 cases have been registered in the country in the past 24 hours, which led the total cases surge to 714 on Tuesday.Kabul registered 18 new cases, maximum highest in the country, leaving behind Kandahar with 15 cases, Balkh 6 cases, Herat and Ghazni 4 new cases each, and Nangarhar 2 cases, according to the health ministry's data cited by Tolo News.At least 40 people have recovered from the virus in the country while 23 have succumbed to the highly contagious infection, the Health Ministry spokesman said.In the meantime, the International Monetary Fund (IMF) executive board approved immediate debt relief for 25 countries--including Afghanistan--in order to help these countries focus on COVID-19 response."Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF's member countries under the IMF's revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund's response to ..




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China fabricated info about COVID-19 spread, say experts

Experts have criticized Chinese President Xi Jinping for concealing, destroying and fabricating information about the rampant spread of COVID-19 and suppressing the data by silencing and criminalising dissent.In a report published by The Times of Israel, Human Rights Advocate Irwin Cotler said, "There is authoritative and compelling evidence -- including a study from the University of Southampton -- that if interventions in China had been conducted three weeks earlier, the transmission of COVID-19 could have been reduced by 95 per cent".The daily reported that Dr. Ai Fen, Director of the Emergency Department at the Central Hospital of Wuhan disseminated information about the novel virus to several doctors, one of them being Li Wenliang in late December last year. Wenliang passed away after contracting the contagion in February while Ai has recently disappeared."On January 1, 2020, Dr. Li Wenliang -- the "hero" and "awakener" -- was reprimanded for spreading rumours, and was summoned ..




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Nepal COVID-19 tally reaches 16 after 2 more test positive

Two out of three members of a family, residing in Kathmandu, have tested positive for COVID-19 a month after they returned from the UK.The family underwent a Rapid Diagnostic Test on Monday when they showed traces of infection. They were then rushed to Patan Hospital and kept in isolation where they underwent PCR (Polymerase Chain Reaction) method for further confirmation.The Ministry of Health and Population said in a statement, "A family of three residing at Sun City Apartment of Pepsi Cola Town Planning were tested for COVID-19 on April 13 where two persons, a 58-year male, and an 81-year female were tested positive while undertaking RDT procedure and were further tested under the PCR procedure which also confirmed that they were positive for the virus,""Other people who are residing in that apartment also would be tested for the virus and the tracing also has been started for those who came in contact with them," the statement added.The apartment has been sealed off since Monday ..




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Combating COVID-19: Nepal extends lockdown till April 27

Nepal has decided to extend its nation-wide lockdown imposed in view of surging coronavirus cases for 12 more days till April 27.The decision taken during a Cabinet meeting on Tuesday comes after a sudden rise in coronavirus cases in the Himalayan country. This would be the third extension to the lockdown that was first imposed on March 24.The Council of Ministers' meeting chaired by Prime Minister KP Sharma Oli decided to extend the lockdown till April 27. Earlier meeting of the Cabinet had extended the lockdown till April 15, which was set to end on Wednesday mid-night.The Nepali government has also decided to ban all commercial international flights till April 30.Two more people have tested positive for the coronavirus in the national capital. They had a travel history to the United Kingdom.Ministry of Health and Population said in a statement: "A family of three residing in Sun City Apartment of Pepsi Cola Town Planning were tested for COVID-19 on April 13 where two persons, a ...




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Spain's COVID-19 toll crosses 18,000 but daily deaths continue to drop

Spain's number of total deaths due to the coronavirus crossed 18,000 with 547 new deaths on Tuesday, which is a slight increase in the number of daily deaths reported as per the Spanish Health Ministry.On Monday, Spain had reported 517 deaths, which was one of the lowest daily increase reported in the last three weeks. As per the data from Johns Hopkins University, the current toll in Spain stands at 18,056.The Spanish authorities have also recorded a fall in the number of active cases for the first time since the outbreak. The authorities on Tuesday observed that the active cases had come down by 299 in the last 24 hours. Spain has now 86,981 active cases.Spain's overall tally of cases including the dead and recovered stands at 172,541. It has reported the third-highest fatalities in the world just behind the United States (23,649) and Italy (20,465)With 172,541 total cases, Spain is only behind the United States in the number of overall cases. The United States as of Tuesday has ...




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IMF pegs India's growth at 1.9 pc in FY'20-21, but says will bounce back to 7.4 pc next year

The International Monetary Fund (IMF) has projected the growth of Indian economy in 2020 at the rate of 1.9 per cent, while the world economy is likely to contract sharply by "minus 3 per cent" due to the coronavirus pandemic, which is proving worse than the 2008-09 financial crisis.The IMF on Tuesday its yearly World Economic Outlook, providing a grim picture of the world economy amid global lockdown due to the coronavirus pandemic, which has jolted the world by claiming over one lakh lives globally.The IMF has, however, given a bullish projection about India's economic growth in 2021, pegging the growth rate at 7.4 per cent.Gita Gopinath, Chief Economist and Director of the research department at IMF said in her opening remarks, "The COVID-19 pandemic is inflicting high and rising human costs worldwide. Protecting lives and allowing health care systems to cope have required isolation, lockdowns, and widespread closures to slow the spread of the virus.""The health crisis is, ...




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UK COVID-19 toll surpasses 12,000

The Department of Health and Social Care has reported that at least 12,107 people have died in the UK hospitals due to the coronavirus.This is an increase of 778 since the last update. 93,873 people in the country have tested positive for the coronavirus, as per CNN.There has been a discrepancy in the UK while reporting the deaths recorded among elderly residents.David Behan, chairman of home operator HC-One, has said that there could be discrepancies which may result in underreporting of deaths.Meanwhile, the Heathrow Airport in London, which is one of the busiest airports in Europe, has predicted a decline in passenger demand by over 90 pc in April, as the virus has halted the travel.




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PM Modi, Palestinian President discuss COVID-19 challenges

Prime Minister Narendra Modi on Tuesday held a telephonic conversation with President of Palestine Mahmoud Abbas and the two leaders discussed challenges posed by the COVID-19.As per an official release, "the two leaders discussed the challenges posed by the ongoing COVID-19 pandemic, and apprised each other of the steps being taken in their respective countries to control the situation."Prime Minister Modi also appreciated the measures taken by Abbas' authorities to protect their population from the virus and assured all possible support from India for these efforts.The two leaders will stay in touch over various issues regarding the global pandemic. Palestine has so far reported 308 confirmed cases of coronavirus and two deaths so far.




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Global financial conditions tightened abruptly due to COVID-19: IMF

The International Monetary Fund (IMF) in its Global Financial Stability Overview released on Tuesday has noted that early in 2020, global financial markets remained afloat as there was a sense of optimism on the back of supportive monetary policy, reduced trade tension and tentative signs of stabilisation in the global economy. However, the spread of COVID-19 has posed a risk that has seen the prices of risk assets and commodities fall at unprecedented speed.The document released by the IMF says that the equity markets experienced the fastest drop in history with the S and P 500 falling 20 per cent from its peak in just 16 trading sessions.The asset price declines reached about half the magnitude seen in 2008-09 at the worst point of the sell-off, and implied volatility spiked across asset classes, in some cases to levels last seen during the global financial crisis.Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF, Tobias Adrian while releasing the




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Airline passenger revenue to plunge by USD 314 billion in 2020: IATA

Airline passenger revenue is set to plunge by USD 314 billion in 2020, which is a decline of 55 per cent from 2019 due to coronavirus as per the updated analysis released by the International Air Transport Association (IATA).On March 24, the IATA had predicted an estimated loss of USD 252 billion in revenues, which is 44 per cent decline in passenger for airline industry due to severe travel restrictions lasting more than three months as governments across the world try to contain the disease.As per a release by IATA, the world is heading for a recession. The economic shock of the COVID-19 crisis is expected to be at its most severe in Q2 when the GDP is expected to shrink by 6 per cent (by comparison, GDP shrank by 2 per cent at the height of the global financial crisis). Passenger demand closely follows GDP progression. The impact of reduced economic activity in Q2 alone would result in an 8 per cent fall in passenger demand in the third quarter."The release added: "Travel ...




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COVID-19 cases in France exceed 1 lakh mark

The number of coronavirus cases reported in France has passed 100,000, top French health official said on Tuesday."As of this evening, we have passed the 100,000 mark in terms of test-confirmed coronavirus cases," Jerome Salomon told reporters.France now has 103,573 confirmed cases, with 5,497 new infections recorded in the past 24 hours.The death toll is 15,729. Of them, 10,129 were hospital patients. The number of people who died in hospitals in the past day is 559.On Monday, President Emmanuel Macron extended the nationwide lockdown until May 11. Restrictions on public life went into effect on March 17 in a bid to limit the spread of the deadly coronavirus.




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COVID-19 crisis: Over 117 million children at risk of missing out on measles vaccines

As coronavirus pandemic deepens, over 117 million children in 37 countries are expected to miss out on receiving live-saving measles vaccine, the United Nations said on Tuesday.Measles immunisation campaigns in 24 countries have already been delayed and more will be postponed, the World Health Organization and the UN children's fund UNICEF said."Together, more than 117 million children in 37 countries, many of whom live in regions with ongoing measles outbreaks, could be impacted by the suspension of scheduled immunisation activities," Measles and Rubella Initiative (M & RI) said in a statement.New WHO guidelines endorsed by the Strategic Advisory Group of Experts on Immunisation aim to help countries to sustain immunisation activities during the COVID-19 pandemic."The @MeaslesRubella Initiative supports recommendations to: temporarily pause preventive immunisation campaigns where there's no active outbreak of a vaccine-preventable disease continue routine immunisation services, ..




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COVID-19: Pak extends lockdown by two weeks

Pakistan Prime Minister Imran Khan has announced the extension of the nationwide lockdown with relaxation to some sectors.Addressing the media in Islamabad on Tuesday, Khan said, "We made the hard decision of imposing lockdown in the country which was very well implemented due to cooperation of the people."He said that the spread of coronavirus had slowed down to 30 per cent of the projected target, Radio Pakistan reported.The Prime Minister said ventilators, protective clothing, and other gear "have been reaching the country to meet the demand".Imran Khan announced to open the construction industry in cities from today as this has the lowest risk factor in terms of coronavirus spread.Minister for Industries and Production Hammad Azhar said the industries that are exempted from the lockdown are export sector, chemical manufacturing plants, e-commerce, software development and planning, paper and packaging units, industries with labour on-site, cement and fertilizer plants, mines and ..




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Global coronavirus cases surpass 1.8 mn: WHO

The number of people infected with the new coronavirus worldwide has surpassed 1.8 million with 71,779 cases verified over the past 24 hours, the World Health Organization (WHO) said on Tuesday.According to the update, the global count of confirmed COVID-19 cases has reached 1,844,863, with the majority of them concentrated in Europe (943,272) and the Americas (644,986).The death toll has grown by 5,369 cases over the past day to a total of 117,021 fatalities, the report read.




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Mahindra plant in Michigan creates new 'Arsenal of Health' to combat COVID-19

Michigan [USA], April 15 (ANI): Indian automaker Mahindra is joining the "Arsenal of Health" efforts spearheaded by General Motors Co. and Ford Motor Co. in Michigan to make medical Personal Protection Equipment (PPE) for healthcare workers fighting COVID-19.More than 20 Mahindra employees of the Michigan plant are making medical shields from windshields. This innovative ease-of-use box-shaped design will be used by doctors, nurses, local frontline healthcare workers and first responders."MANA's Michigan employees have taken an all-hands-on-deck approach to the COVID-19 fight," said Rick Haas, President and CEO, Mahindra Automotive North America (MANA)."We have a company full of people who love to design and make things and they are not people who like to stand on the sidelines. We have ideas coming in from across the company and we are looking hard at all of them." Haas added.MANA is working with the state, Michigan's congressional delegation, trade organisations, Oakland County and .




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US returns another USD 300 mn of recovered 1MDB funds to Malaysia

The US Department of Justice on Tuesday (local time) said it has repatriated approximately USD 300 million (RM 1.292 billion) to Malaysia in additional funds misappropriated from 1Malaysia Development Berhad (MDB), the Asian country's investment development fund.The government of former Prime Minister Najib Razak set up the 1MDB fund in 2009 to promote economic development in Malaysia through global partnerships and foreign direct investment.The Justice Department estimated that some USD 4.5 billion was siphoned out of Malaysia by high-level fund officials and their associates between 2009 and 2014 in a scandal that called for Razak's resignation -- including Mahathir Mohamad, one of the former's predecessors.The funds were laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg."We are pleased to make this latest repatriation of an additional USD 300 million in stolen 1MDB funds," Assistant Attorney General




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Social distancing necessary until 2022 to prevent Covid-19 seasonal outbreaks, says study

Prolonged or intermittent social distancing may be necessary even until 2022 to prevent future Covid-19 seasonal outbreaks, a new study has said.Researchers from Harvard University, led by Stephen Kissler, used estimates of seasonality, immunity, and cross-immunity for two betacoronaviruses from time series data from the United States, to inform a model of Covid-19 transmission, Xinhua news agency reported.Recurrent wintertime outbreaks of Covid-19 "will probably occur after the initial, most severe pandemic wave," researchers wrote on in the study 'Projecting the transmission dynamics of SARS-CoV-2 through the postpandemic period', published in the online journal Science.The researchers added that without a vaccine or other interventions, "prolonged or intermittent social distancing may be necessary into 2022."Noting that "a key metric for the success of social distancing is whether critical care capacities are exceeded," the study said that "additional interventions, including ...




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FIIs sell Rs 8148.12 Cr in local equities

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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FIIs equity sales stand at Rs 8238.01 Cr today

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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FIIs sell Rs 7219.21 Cr of local stocks

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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Australia Market rises 1.5%

Industrial stocks performed strongly with Transurban gaining 3.7% and Brambles up 4.2%. Healthcare out-performed with a gain of 6% in Sonic, 3.7% in Ramsay Healthcare, and 2.6% in CSL. Info tech and real estate sectors were up more than 3%.




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Japan Stocks gain on hopes for COVID-19 treatment

Total 23 issues of 33 industry category of Topix index were in positive territory, with Mining, Securities & Commodities Futures, Iron & Steel, Real Estate, Nonferrous Metals, and Glass & Ceramics Products issues being notable gainers, while Electric Power & Gas, Other Products, Air Transportation, Information & Communication, and Foods issues were notable losers.




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Hong Kong Market climbs 1%

The gains in Hong Kong share market were driven by reports that top US and Chinese trade representatives discussed their Phase 1 trade deal earlier in the day, with China saying it would work with Washington to improve the atmosphere for implementing the Phase 1 trade deal signed this year. The officials also agreed to "strengthen cooperation on macro economy and public health."




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Economic Survey has estimated 2019-20 GDP growth at 7%, say TV reports

General fiscal deficit in FY19 expected to be 5.8 per cent of GDP, compared with 6.4 per cent the previous year




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IRCTC IPO subscribed 81%

Receives bids for 1.63 crore shares




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IRCTC IPO subscribed 111.84 times

Receives bids for 225.46 crore shares




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Vishwaraj Sugar Inds IPO subscribed 1.12 times

Receives bids for 1.12 crore shares




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Vishwaraj Sugar Inds subscribed 1.12 times

Receives bids for 1.12 crore shares




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CSB Bank IPO fully subscribed on day 1

Receives bids for 1.20 crore shares




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Ujjivan Small Finance Bank IPO fully subscribed on day 1

Receives bids for 20.14 crore shares




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Ujjivan Small Finance Bank IPO subscribed 165.55 times

Receives bids for 2,052.12 crore shares




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Prince Pipes and Fittings IPO subscribed 2.21 times

Receives bids for 4.37 crore shares




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SBI Cards IPO subscribed over 15 times

Receives bids for 155.35 crore shares




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Antony Waste Handling Cell IPO subscribed 13%

Receives bids for 6.45 lakh shares




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BS Fund Cafe 2016: Create level-playing field for MFs

Top honchos of the mutual fund sector debunk the belief that current expense ratios are high, argue in favour of consolidation of schemes, and highlight the changing role of technology




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How to Fix and Strengthen the 401(k)

The 401(k) workplace-savings plan, designed to augment traditional pensions, has become the primary retirement-savings vehicle for many workers, but critics say it isn’t up to the task. WSJ's Anna Prior highlights five key suggestions to strengthen the 401(k). Photo: Getty




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Will ensure patents are given within 18 months of application: Amitabh Kant

At the Make in India event, the DIPP secretary said some of this work will be outsourced to the IITs




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Want 100% FDI in multi-brand retail in food: Harsimrat Kaur-Badal

Food Processing Minister pushes for national e-platform bypassing mandis for farmers, food producers




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11 Maharashtra villages to pool land for integrated township

Villagers to form SPV for planning and development




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Make in India Week nets Rs 15.2 lakh crore investment commitments

Of the total commitments, 30% have come from foreign players