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Why It Makes Sense To Invest In Sovereign Gold Bonds As COVID-19 Plays Havoc

Posted by Equitymaster
      

Gold has indeed proven itself as an effective hedge against any downside risk. It has seen a sharp rise in the price rally since the first case of Novel Coronavirus was reported in November 2019.

In the beginning of March, gold prices fell marginally, however it is on the upswing and has retained its level above Rs 40,000 per 10 grams.

Graph: Gold's rising uptrend

Gold started to ascend last year when the US and China trade talks began and escalated in trade war, followed by similar trade wars of the US with other nations.

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These events have proved to be favourable for the momentum of the price of Gold. It played its role of a crucial hedge and store of value when other asset classes had witnessed high volatility and posted marginal returns.

Some of the other factors that have supported gold are...

  • The outbreak of COVID-19 with no evident containment yet
  • Economic uncertainty and fears of a virus-led global recession
  • Global GDP growth revised downwards and for across regions
  • Easy monetary policy action (of reduction in interest rates and stimulus packages) and an accommodative stance adopted by the central banks across the world to support growth
  • A crash in the oil markets due to lack of demand and excess supply with storage problems
  • A record-high global debt-to-GDP of nearly US$ 255 trillion (over 322% of global GDP) - 40 percentage points higher than at the onset of 2008 global financial crisis according to the Institute of International Finance (IIF), as the world is fighting the COVID-19 pandemic
  • The US Presidential elections later this year, in November 2020
  • Increased stock market volatility
  • The potential risk to the inflation trajectory.

[Read: Coronavirus Has No Antidote. Your Bad Investments Could Have.]

Besides, the lockdown brought upon due to COVID-19 pandemic is going to hurt the economy for a couple of quarters badly which will amplify the credit risk. The economic activity will slow grind to full capacity, prompting furloughs and pay cuts, and job losses across sectors, which will affect the credit line as the number of defaulters will rise because cash strapping will be seen.

Recognising the risk stemming from the bottom hit economy, where the growth projections by the IMF are almost 1.9% due to the CoVID-19, the NPAs of banks and NBFCs are expected to increase.

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[Read: How the COVID-19 Extended Lockdown Has Made Investments in 'Banking Funds' Very Risky]

Until the COVID-19 pandemic is contained and economic uncertainty prevails, the spotlight will continue to be on gold owing to the financial uncertainty it brings along. Even the IMF Global Financial Stability report highlights an increase in the level of risk among multiple global metrics and, therefore, the importance of owning gold in one's portfolio.

Hence, in my view, in the current situation consider allocating some portion of your investment portfolio to gold and its equivalents. This year buying gold in a physical form from your preferred jeweller or gold merchant may not be possible amidst the COVID-19 extended lockdown. But you can always consider Gold Exchange Traded Funds, Gold Saving Funds, Sovereign Gold Bonds, and/or Digital Gold, which are smart and unconventional ways of investing in gold.

Recently the Government of India, in consultation with the Reserve Bank of India, decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:

S. No. Tranche Date of Subscription Date of Issuance
1 2020-21 Series I April 20-24, 2020 28-Apr-20
2 2020-21 Series II May 11-15, 2020 19-May-20
3 2020-21 Series III June 08-12, 2020 16-Jun-20
4 2020-21 Series IV July 06-10, 2020 14-Jul-20
5 2020-21 Series V August 03-07, 2020 11-Aug-20
6 2020-21 Series VI Aug. 31-Sept.04, 2020 8-Sep-20
(Source: Reserve bank of India)

Each of the tranche is offered for a limited subscription period, having a maturity tenure of 8 years and a lock-in period of 5 years

With an initial investment amount of Rs 20,000, resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions can subscribe to SGBs. The application can be also made by the guardian on behalf of the minor. One can purchase units from the secondary market as well.

The issue price of the SGB will be Rs 50 per gram less than the nominal value when applied online and the payment against the application is made through digital mode.

On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on a simple average of the closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewellers Association Limited.

In order to encourage passive but direct gold investment, as an alternative to purchasing physical gold, Modi led Government sanctioned a Sovereign Gold Bond Scheme in November 2015. Under this scheme, investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of Government of India.

With the Sovereign Gold Bond Scheme, the risks and costs of physical storage are eliminated. Plus, it is free from issues like the costs of making charges and purity, as in the case of gold in jewellery form. But these bonds are held in the books of the RBI, or in demat form to eliminate even the risk of loss of scrip, etc.

Sovereign Gold Bonds will generate market returns linked to the price of gold, so there may be a risk of capital loss if the market price of gold declines. Moreover, these bonds will provide interest income at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment to investors and will be redeemable.

The minimum investment allowed is 1 gram, while the maximum buying limit is a subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF), and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April - March).

These bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL), and the authorised stock exchanges, either directly or through their agents.

Do note, that the interest on the bonds is taxed as per the provisions of the Income-tax Act, 1961. If you hold the SGB till maturity the capital gains tax on redemption of SGB is exempted. But if you sold the bond in the secondary market after three years, long term capital gains (LTCGs) tax is applicable and it will be taxed at 20 per cent with indexation. And if sold before three years, a short-term capital gains (STCGs) tax will be applicable according to the income tax slab.

What should the investors do?

Defeating the Coronavirus and surviving is everyone's core focus and having liquidity, those who have an adequate contingency fund are looking for investments.

Equity and debt markets are yet to see any signs of revival despite the stimulating relief measures provided to uplift the slowing of economy but investing in gold can prove to be worthy for your portfolio.

[Read: What Could Be the Potential Impact of a Lockdown on Your Mutual Fund Portfolio? Know Here...]

Even the bond prices were at all-time lows, which are inversely proportional to gold as well. In my view allocate at least 10-15% of your entire investment portfolio to gold and hold it with a long-term investment horizon.

Remember gold offers an effective hedge during global uncertainty and a shield against inflation. Most importantly in your portfolio, it serves as a diversifier.



PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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India makes for a great safari destination, here are a few


Raorchestes charius, Coorg

Looking for new subjects to shoot? Try dropping to the ground. That's where you will find the best true-life models for macro photography, suggests wildlife photographer Dr Caesar Sengupta. "Macro photography, which is producing larger than life images of small objects, is oriented around reptiles, amphibians and insects. While some insects and amphibians can be found in our backyards, reptiles aren't that common in an urban set-up," says Dr Sengupta.

He says the best times to shoot are before, during and immediately after the monsoon. "That's the time reptiles and amphibians come out. India has two biological hotspots - the Western Ghats, and the sub and eastern Himalayan region," says the expert, adding that, the quality of output from a dedicated macro lens cannot be compared to that achieved with a regular lens. Here's your guide to clicking small wonders.


Insectivorous plant, Kaas plateau

The macro checklist
* Take care of your gear and yourself in the rains, where the forest floor can be treacherous. Carry high ankle shoes or
gumboots.
* Macro photography is mostly done in low-light conditions - in the evening or at night. You need to have an external flash; organisms won't be bothered by it as their retina is not the same as ours.
* There are no venomous frogs in India, but you need to be careful with insects as they may bite or cause allergies. Personal protection is always important when entering a jungle. For reptiles, you need to know your subject well. You must know the striking distance of the reptile. It helps to travel with a biological or field expert.


Saw scaled viper, Bhagwan Mahaveer Wildlife Sanctuary, Goa. Pics Courtesy/Dr Caesar Sengupta

Top spots for hot shots
* Agumbe Rainforest Research Station in Karnataka is famous for king cobras and other species of reptiles and frogs. While the cobras aren't easily sighted, you can get permission to be a part of a rescue operation when the reptile has strayed into human territory. Dandeli and Coorg in Karnataka are also great spots.
* Bhagwan Mahaveer Wildlife Sanctuary in Goa is famous for various snakes such as Indian rock python, Russell's viper, as well as butterflies.


Indian Violet Tarantula, Goa

* Matheran is great for spotting green vine snakes, bamboo pit vipers, tarantulas and frogs.
* Within Mumbai, head to Sanjay Gandhi National Park (including Yeoor in Thane) and Maharashtra Nature Park in Mahim. Phansad, Bhimashankar and Amboli are must-visits, too. From September to October, head to Kaas plateau in Maharashtra to photograph insects and flowers.
* Thar desert is home to the Keeled rock, Sind sand, Persian micro and other geckos.





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Microsoft showcase AI bot that makes phone calls to humans

Representational Image

While Google Duplex, which lets AI mimic a human voice to make appointments and book tables through phone calls, has mesmerised people with its capabilities and attracted flak on ethical grounds at the same time, Microsoft has showcased a similar technology it has been testing in China.

At an AI event in London on Tuesday, Microsoft CEO Satya Nadella revealed that the company's Xiaoice social chatbot has 500 million "friends" and more than 16 channels for Chinese users to interact with it through WeChat and other popular messaging services.

"Microsoft has turned Xiaoice, which is Chinese for 'little Bing', into a friendly bot that has convinced some of its users that the bot is a friend or a human being. Xiaoice has her own TV show, it writes poetry and it does many interesting things," The Verge quoted Nadella as saying.

Xiaoice interacts in text conversations but now the company has started allowing the chat bot to call people on their phones.

The bot does not work exactly like Google Duplex, which uses the Assistant to make calls on a user's behalf but it holds a phone conversation with the user.

"One of the things we started doing earlier this year is having full duplex conversations. So now Xiaoice can be conversing with you in WeChat and stop and call you. Then you can just talk to it using voice," Nadella was quoted as saying.

Humans will be humans and the latest victim of humankind was Microsoft.

Two years ago, Microsoft launched an artificial intelligence (AI)-powered bot on Twitter, named Tay, for a playful chat with people, only to silence it within 24 hours as users started sharing racist and offensive comments with the bot.

Launched as an experiment in "conversational understanding" and to engage people through "casual and playful conversation", Tay was soon bombarded with racial comments and the innocent bot repeated those comments back with her commentary to users.

Some of the tweets had Tay referring to Hitler, denying the Holocaust, and supporting Donald Trump's immigration plans, among others.

Later, a Microsoft spokesperson confirmed to TechCrunch that the company is taking Tay off Twitter as people were posting abusive comments to her.

Catch up on all the latest Crime, National, International and Hatke news 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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Ramiz Raja: So, Umar Akmal officially makes it to the list of idiots

Former Pakistan cricketer Ramiz Raja has welcomed PCBs decision to ban Umar Akmal on corruption charges, saying the batsman has officially made it to the "list of idiots" and that people like him should be put in jail.

Umar has been banned by the Pakistan Cricket Board from all forms of cricket for three years after pleading guilty to failing to report match-fixing approaches.

"So, Umar Akmal officially makes it to the list of idiots! Banned for three years. What a waste of a talent! It's high time that Pakistan moved towards passing a legislative law against match fixing. Behind bars is where such jack a**** belong! Otherwise brave for more!!" Raza said in a tweet.

PCB informed about the ban imposed on Akmal on Monday on Twitter and said: "Umar Akmal handed three-year ban from all cricket by Chairman of the Disciplinary Panel Mr Justice (retired) Fazal-e-Miran Chauhan."

Umar, who has played 16 Tests, 121 ODIs and 84 T20Is for Pakistan, had earlier stated in an interview that he was offered money to skip matches against India. He had also revealed that he was asked to leave two deliveries in a match by the bookies.

"I was once offered $200,000 for leaving two deliveries. I was also offered to skip matches against India," Akmal was quoted as saying by GeoTv.

Umar's brother Kamran reacted to the three-year ban, saying that he was shocked to hear the decision.

"We will reach out to every platform for justice and will definitely exercise our right to appeal," Kamran was quoted as saying by GeoTv, adding that there are instances when punishments of lower degrees were allotted for similar charges.

"It is incomprehensible that why Umar Akmal is penalised so severely," he objected, adding that a detailed decision is awaited in this regard.

Umar had not requested for a hearing before the Anti-Corruption Tribunal after he was charged for two breaches of Article 2.4.4 of the PCB Anti-Corruption Code in two unrelated incidents.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

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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Makes sense to postpone World T20 if there isn't enough preparation time: Jason Roy

Feeling like a kid again, England batsman Jason Roy can't wait to get back on the cricket field but says it would make sense to postpone the T20 World Cup in October-November if teams don't get enough time to prepare for the mega event. All cricketing activities have come to a halt due to the COVID-19 pandemic and the future of T20 World Cup in Australia is also in doubt.

"If players aren't able to prepare in the right way and are not able to get over to Australia, then it makes sense to postpone it," Roy was quoted as saying by ESPNcricinfo. "But if it goes ahead, it's our job to play cricket - and if we're told we have three weeks to prepare to go and play in the World T20, all the boys will be putting the yards in to make sure we're ready for that.

"I think all the boys are on edge, waiting for the call saying, 'Right, we have a month turnaround or a six-week turnaround. Get in the nets and go hit some balls.' I think the boys will be as ready as they can be," said the 29-year-old opener. The England and Wales Cricket Board (ECB) too has suspended activities until July 1. While Roy is eager to be playing again, he said safety is paramount.

"I've got a huge amount of trust in the ECB. I think they will look into every single avenue of all the positives, all the negatives. So, I guess I would trust in what they say, probably have a chat with Morgs (Morgan) and see where his head's at and go with that. "I don't think I'll have too many questions, especially when it got to the stage of 'Right, we're going to play', because there'll be a lot of people in those meetings discussing whether it's the right thing to do or not."

Roy also has no issues in playing in front of empty stadiums. "I just want to play some cricket to be honest. I think for us to be able to go out there and play some cricket would be an incredible feeling. I feel like a kid again. "I guess we're governed by the government here, we don't really know what is going on or what the safety measures are. There's way bigger things out there. I'm more than happy to play behind closed doors, it would just be nice to get out there," he added.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

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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Photographer makes wedding album with Lego models amid lockdown

All of Chris Wallace's wedding bookings were either cancelled or postponed due to the Coronavirus, but the UK-based wedding photographer didn't let that deter him. Wallace took it upon himself to recreate a wedding ceremony using LEGO figures lying around his house. He named the bride and groom Florence and Fred, and spent many hours preparing for the wedding. He even staged several scenes and big moments seen frequently in Christian weddings and then proceeded to click photos of them. He used his experience capturing weddings to make it seem natural.


The bride getting dolled up for her wedding

The bride walked down the aisle with a Harry Potter figurine, whereas groomsmen Ghostbusters, Chewbacca and a 1980 Lego spaceman stood at the altar to support the groom. "I've found myself with quite a bit of free time on my hands and thought it'll be a fun thing to do," said the photographer to the New York Post. "The ceremony was held outdoors in the most gorgeous of settings, filled with the greenest of plastic leaves and most colourful plastic flowers," he added.

Posing for a family photo. Pics/carpediemphotographycheshire.co.uk/Chris Wallace

Wallace said: "I tried drawing upon the experiences I had with weddings, to capture the big moments while making it seem natural." As the lockdown is anticipated to last till June, he plans to do another shoot soon.

Girl, I want you real clean!

A New Yorker hung fliers to look for a 'germ free' partner during the Coronavirus crisis


Pic/New York Post

A single man from New York, who is looking for love, hung dating fliers across the city, saying that his potential lover must be healthy, fit and clean.

The man, identified only as Brad, also said in the flier that he is "seeking a girlfriend for Coronavirus and beyond." He describes himself as a healthy, attractive, and well-settled man, looking for "germ-free monogamy". "I was single when the lockdown began and was wondering how and when dating would be possible again," Brad told the New York Post.

"This is no time for casual dating or hook-ups, so I am seeking a long-term and exclusive relationship," he added. Brad said that he has already received responses from "high-quality women" and is looking forward to meeting some for six-foot-apart dates.

Papi Gudia 2.0

An area in Mexico City became one of the most searched addresses on Google Maps this week, after photos of a creepy, doll-covered house located there, went viral on social media. The post was first shared by TikTok user Fernando Mata, who was looking for creepy content for his social media. It later turned out that this was the address of a small esoteric shop, and the dolls were merely an advertising strategy to attract prospective customers.

This teen is a gender-bender


Pics/@puutan_318, Instagram

A Japanese 18-year-old boy, has been getting a lot of attention on the Internet for cosplaying as an Asian schoolgirl. Puutan, whose real name is reportedly Tatsuya, has been flaunting selfies in feminine clothes, as well as a long hair wig. He currently has over 27,000 followers on YouTube, and 23,000 followers on Instagram.

Mexicans want beer to survive quarantine

Mexico's decision to halt production of most non-essential products due to the Coronavirus pandemic, has led to a polarising debate in the country on whether beer should be considered an "essential" during lockdown. "Beer supplies should be guaranteed, because beer helps people get through quarantine on better terms," said the National Alliance of Small Business in a press statement.

Village gets ghosts to keep people indoors

Kepuh village in Indonesia has resorted to an unusual way to ensure that the locals stay indoors. Those who step out of their homes at night will have to face pocong—shrouded ghosts believed to represent the souls of dead people. The pocongs are actually volunteer youths trying to help maintain the lockdown.

Crime junkies can get rich in 24 hours flat

A video streaming service is seeking a true crime buff to make $1,000 (R75K) during the Coronavirus lockdown by watching 24 straight hours of documentaries. The chosen candidate will be given a pre-selected list of true crime documentaries to watch.

Bugging you

A swarm of bugs descended over a beach at Cayton Bay, Yorkshire, leaving locals stunned. The bugs, later identified as European Chafer Beetles, are said to have washed up on a few beaches in the area. The cause is still being investigated. "I was stunned to realise they were living creatures. There were just masses and masses of them," said Sue Weatherill, a local resident, to Daily Mail. Pics/@ChrisBull52, Twitter

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

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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Xiaomi Mi 10 at Rs 49,999: Why it makes complete sense

Xiaomi's Mi 10 competes fiercely with premium-end flagships from the Android universe -- both in terms of hardware and design. Here's why it could end up being a winner.




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Tax-News.com: Trudeau Makes Election Pledge On Canadian Taxes

The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount.




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Tax-News.com: EU Makes Changes To Tax Blacklist

The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three.






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SureStay Hotel® by Best Western Fairfield Napa Valley Makes Its Debut in California

The SureStay Hotel by Best Western Fairfield Napa Valley has opened its doors in Fairfield, California, and invites travelers to experience one of the newest hotel brands in the industry - the SureStay Hotel Group®. The SureStay Hotel by Best Western Fairfield Napa Valley will provide guests with an experience they can count on and the amenities today's travelers have come to expect. The SureStay service promise reflects the brand and the hotel's commitment to providing quality service and value to its guests. Located at 3331 N. Texas St. in Fairfield, California, the hotel features 100 well-appointed guest rooms, each with a flat-screen television, microwave and mini fridge. The SureStay Hotel by Best Western Fairfield Napa Valley also offers an outdoor pool and hot tub, free parking, complimentary continental breakfast and free wireless internet - providing guests with the superior comfort and utmost value they want out of their stay. The property's location near world-class winerie...




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Govt Makes Public CSR Spending Of 7,334 Companies

Government today made public CSR spending of more than 7,300 companies in 2014-15, totalling Rs 8,803 crore, but the amount spent by over 60 per cent of the entities was shown as zero.




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RGV makes sexist comment again; perverts enjoy his message without shame

Ram Gopal Varma has shared a sexist post again on Twitter and the response to his post will put everyone to shame.




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Madhuri Dixit's humble nature and the way she expresses herself on the screen makes her a 'Diva': Davar

Choreographer Shiamak Davar has recalled working with Madhuri Dixit and praised her humble nature and performances in movies.




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What makes civil justice effective?

Well-functioning judicial systems play a crucial role in determining economic performance – notably by guaranteeing the security of property rights and the enforcement of contracts – but not all countries’ judiciaries operate at the same level of efficiency.




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Global Forum makes advances on the international tax transparency agenda

The Global Forum on Transparency and Exchange of Information for Tax Purposes held its annual meeting in Tbilisi, Georgia on November 2-4, bringing together 220 delegates from 84 jurisdictions and 12 International organisations to further their shared goal of improving tax transparency and achieving a level playing field.




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International community makes important progress on the tax challenges of digitalisation

The international community has made important progress toward addressing the tax challenges arising from digitalisation of the economy and has agreed to continue working multilaterally towards achievement of a new consensus-based long-term solution in 2020, the OECD announced today.




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What makes civil justice effective?

Well-functioning judicial systems play a crucial role in determining economic performance – notably by guaranteeing the security of property rights and the enforcement of contracts – but not all countries’ judiciaries operate at the same level of efficiency.




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What makes Mexicans happy?

As in other countries, in Mexico income, education, health, job status and other individual characteristics are significantly associated with life satisfaction. These findings suggest that the higher average level of life satisfaction in Mexico is probably related to unobserved country characteristics.




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What makes a Gen Z?

How does Generation Z date? Why are they more politically engaged than the generation before them and what is the digital psyche? Flora Macdonald Johnston asks John Burn-Murdoch, Rebecca Watson and Madison Darbyshire to explain what's driving the next generation.


If you want to read more about the NextGen, click here. For Flora's article, click here. For John's article, click here. For Rebecca's article, click here. For Madison's column, click here.


Contributors: Flora Macdonald Johnston, acting deputy fashion editor, John Burn-Murdoch, data visualisation journalist, Madison Darbyshire, multimedia journalist and Rebecca Watson, assistant arts editor. Producer: Persis Love

 

See acast.com/privacy for privacy and opt-out information.




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Blackstone makes new investment in coronavirus-hit casinos

Private equity group acquires 10% stake in Australia’s Crown Resorts




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James Murdoch makes investment to combat fake news

The former Fox CEO commits millions to battle against disinformation




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Coronavirus: Trump makes new push to expand US testing — as it happened

New daily cases of Covid-19 around the globe rose by the lowest amount in 12 days as 73,858 diagnoses were confirmed on Sunday, bringing the total to 2.93m

Read more




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Box makes quick decision to add new collaboration capabilities in face of pandemic

When the shutdown began six weeks ago, the powers that be at Box sat down for a meeting to discuss the situation. They weren’t in the same room of course. They were like everyone else, separated by the virus, but they saw this as a key moment for Box as a company. They had been […]




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Elder Care Startup Honor Makes Contractors Full-Time Workers With Equity

Honor, an Andreessen Horowitz-backed company focused on caring for seniors as Baby Boomers tip over into retirement, is making its contractor workforce into a full-time one. The care workers, called CarePros within the company, will have the potential for stock options. “I really don’t want two classes of people in our company. Everyone is in it […]




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Bain Capital makes $1bn bet on Japan’s nursing homes

Private equity bid for Nichii Gakkan could set a template for future management buyouts




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Tesla Model 3 makes Consumer Reports ‘Top Picks’ list for 2020

Tesla’s Model 3 is among the top 10 choices for car buyers in 2020, according to Consumer Reports. The nonprofit organization released its “Top Picks” of the year on Thursday, and it included Tesla’s most affordable vehicle alongside cars from automakers including Toyota, Subaru, Honda, Kia and Lexus. The Model 3 was chosen as one […]




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‘Content network effect’ makes TikTok tough to copy

Many TikTok videos don’t start from scratch, so neither can its competitors. TikTok is all about remixes where users shoot a new video to recontextualize audio pulled from someone else’s clip, or riff on an existing meme or concept. That only works because TikTok’s had time to build up an immense armory of content to […]




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Microsoft makes it easier to get started with Windows Virtual Desktops

Microsoft today announced a slew of updates to various parts of its Microsoft 365 ecosystem. A lot of these aren’t all that exciting (though that obviously depends on your level of enthusiasm for products like Microsoft Endpoint Manager), but the overall thrust behind this update is to make life easier for the IT admins that […]




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Lizzie Cundy dazzles in a floor length turquoise sequinned gown as she makes her way to the NTA's 

Lizzie Cundy looked nothing short of sensational when she prepared for the National Television Awards on Tuesday.




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NTAs 2020: Caitlyn Jenner dazzles in a silver dress as she makes her first appearance at the awards

The Olympic champion, 70, ensured all eyes were on her in a plunging silver gown which highlighted her athletic physique on the red carpet.




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NTAs 2020: Joey Essex makes red carpet debut with model girlfriend Lorena Medina

Joey Essex, 29, has now taken his relationship with Mexican model Lorena Medina, 27, to the next level as the pair looked loved up during the arrivals for the National Television Awards.




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Quotation - dated 02.11.2011 - Comprehensive Annual Maintenance Contract in respect of Toshiba makes Photostat machines in the Ministry of Caporate Affairs for a period of one year.

Quotation - dated 02.11.2011 - Comprehensive Annual Maintenance Contract in respect of Toshiba makes Photostat machines in the Ministry of Caporate Affairs for a period of one year.




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House Rules' Carly makes an awkward gag about sleeping with a contractor

After back-to-back renovations on House Rules, the teams are feeling exhausted, which may explain Carly's embarrassing gaffe during a meeting with a contractor.




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'Even Messi is behind Neymar on technical ability': Brazil legend Cafu makes a bold comparison

The PSG superstar has demonstrated his skillset on countless occasions throughout his career, with the forward having even been lectured by a referee over his showboating this campaign.




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Coronavirus: PSG star Neymar makes £750,000 donation to help the worldwide fight against pandemic

The 28-year-old donated just over £750,000 to humanitarian agency UNICEF and to a solidarity fund that had been set up by other celebrities to help fight coronavirus.




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Billy Porter makes history as first gay black man to get lead Emmy nomination

Billy Porter, a veteran theater actor, can add a new honor to his list: being the first openly gay African American man to be nominated for a Lead Actor Emmy.




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Serena Williams brushes off injury doubts as she makes quarter-finals of the US Open 

Serena Williams rolled her right ankle but that didn't seem to slow her down in a 6-3, 6-4 victory over Petra Martic that moved her into the U.S. Open quarterfinals for a 16th time.




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Fallon Sherrock makes history by becoming the first woman to win a World Darts Championship match

Mother-of-one Fallon Sherrock, 25, was left speechless after she beat 22-year-old Ted Evetts 3-2 at the PDC World Championships at Alexandra Palace on Tuesday.




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Defending champion Michael Van Gerwen makes it through to quarter-finals of PDC World Championship

Defending champion Michael Van Gerwen cruised into the quarter-finals of the PDC World Championship, as two-time winner Gary Anderson tumbled out.




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'It makes a lot of sense': Sir Steve Redgrave says a year delay is the best option for the Olympics

EXCLUSIVE BY DAVID COVERDALE: Sir Steve Redgrave has told Sportsmail that delaying the Olympic Games until the summer of 2021 'makes a lot of sense'.




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Kim Kardashian goes make-up free as she makes a low-key departure from Paris

Ditching her usual glam look, the mum of four went make-up free as she departed from the VIP terminal with husband Kanye West. 




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North West, 6, makes RAP debut as she takes to the stage for Yeezy's Paris Fashion Week 2020 show

The daughter of Kim Kardashian and Kanye West, six, followed in her dad's musical footsteps as she belted the lyrics while the models presented the brand's AW20 collection during PFW on Monday.




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Iggy Azalea reveals exactly how she still makes so much money

Her power on the charts has diminished in recent years, but Iggy Azalea is still bringing home the big bucks.




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Orange Is The New Black: Gemma Collins makes a surprise appearance

The unlikely skit, carried out in anticipation of the popular prison drama's return, sees Gemma,  37, trade her signature plus-size dresses for a pair of orange prison scrubs.




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Heartbeat star Nick Berry, 56, makes rare public appearance

Nick Berry looked unrecognisable as he made a rare public appearance on a dog walk in Epping recently.




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EastEnders' Sanjay Kapoor actor Deepak Verma makes an unexpected appearance on BBC news 

Deepak, 50, was interviewed in Hastings during a segment about how the beach was deserted and eagle-eyed viewers were quick to recognise the 90's icon on Sunday's BBC news.




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EastEnders SPOILER: Lola Pearce PANICS as she makes shock discovery about former fling Peter Beale 

EastEnders spoilers reveal Lola will be stunned to learn former fling Peter has joined her boyfriend Jay at work as she frets their secret one-night stand will be revealed.




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EastEnders fans go wild as Keith from The Office makes a cameo on the soap

Ewen MacIntosh, 46, best known for his role as the monosyllabic accountant in the hit Ricky Gervais and Stephen Merchant comedy, played a delivery man in the soap.