With widespread testing, contact tracing and population behavioural changes, Hong Kong appears to have managed to contain the first wave of COVID-19 without resorting to drastic measures like complete lockdown which now threaten to damage economies of several countries around the world, say scientists in a Lancet study.

A combination of border entry restrictions, quarantine and isolation of cases and contacts, together with some degree of social distancing helped the city with a 7.5 million population avert a major COVID-19 outbreak up to March 31, said the study published in The Lancet Public Health journal.

"By quickly implementing public health measures, Hong Kong has demonstrated that the virus transmission can be effectively contained without resorting to the highly disruptive complete lockdown," said professor Benjamin Cowling from the University of Hong Kong, who led the research.

"Other governments can learn from the success of Hong Kong. If these measures and population responses can be sustained, they could substantially lessen the impact."
The government also deployed measures to encourage social distancing including flexible working arrangements and school closures. Many large-scale events were also cancelled.

Further analyses suggest that individual behaviours have changed in response to COVID-19. In the most recent survey, 85 per cent of respondents reported avoiding crowded places, and 99 per cent reported wearing face masks when leaving home—up from 75 per cent and 61 per cent respectively from the first survey in January.

S Korea virus cases fall below 20 in 2 months

SEOUL: South Korea reported 18 COVID-19 cases on Saturday, marking the lowest daily increase in about two months. The new cases brought the country's total infections to 10,653, according to the Korea Centres for Disease Control and Prevention. It is the first time since February 20 that the country's new infections came below 20. Over the past five days, the country reported fewer than 30 new patients per day. The number of South Korea's daily new cases reached a peak of 909 confirmed cases on February 29, but the country has since managed to flatten the curve.

Iran closer to containment

Iranian authorities have said that they were closer to the containment of the COVID-19 pandemic in most of the country, while Turkey was poised to overtake Iran as the hardest-hit country in the Middle East due to rapid growth of new cases. Iran on Friday reported 1,499 new cases of COVID-19, bringing the total number of confirmed cases to 79,494, with 4,958 deaths. "Despite circumstances arising from sanctions and economic warfare, no patient was left abandoned behind hospital doors and no patient lacked drugs and medical care during the peak of the virus across cities," minister of health and medical education Saeed Namaki said. In Turkey, 4,353 new COVID-19 cases were confirmed on Friday, bringing the total number to 78,546. The death toll surged to 1,769, after 126 more deaths were reported.

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An exchange of texts between the YouTuber and a man whose car he hit has gone viral. YouTuber Casey Neistat had tweeted about leaving a note apologising to a man whose car he accidentally hit with his 17-year-old pick-up truck and what happened next was absolutely heart-warming.

Neistat, who stays in Los Angeles, wrote on Twitter, "I scratched a guys car this morning when parking my truck, total accident, small but noticeable scratch. I left the owner a note on the wiper and he texted me..."

The note Neistat left for the man read, "Hello, I scratched the hood of your car while parking mine. Please call/text so I can pay for the repairs. My sincere apologies for the trouble." The man texted him  on his contact number provided on the note and gave him a surprising reply. He asked Neistat to donate the money he had put aside for the repairs to the local food bank instead.

The reply read, "Hey, Thank you so much for the note. Please don’t worry about the scratch. Any money you have put towards my car feel free to donate to a local venice food bank. Have a great week!"

Neistat then donated 250 USD to the Los Angeles Regional Food Bank in the name of ‘Mr Scratched Car’. The heart-warming exchange between the YouTuber and the stranger garnered over 243,500 likes and was retweeted more than 20,900 times.

been complaining about LA a lot, lemme share why I love LA. I scratched a guys car this morning when parking my truck, total accident, small but noticeable scratch. I left the owner a note on the wiper and he texted me... pic.twitter.com/0x8HQkjGa2

— Casey Neistat (@Casey) April 20, 2020

The users commenting on the post narrated similar incidents and praised the interaction between them. Some also praised the man’s reply to the Neistat’s note.

10/10 human interaction, love this

— FaZe Banks (@Banks) April 20, 2020

What she didn't know what that I had already caused that damage weeks prior while trying to squeeze into a microscopic Seattle parking space (next to a concrete pillar).

I texted her back, told her that if she caused any damage, I couldn't tell, and not to worry about it. (2/2)

— AlexanderESmith (@AlexEdwardSmith) April 20, 2020

God bless Mr Scratched Car

— Boii🧢 (@MichaelYanchuck) April 20, 2020

donation made in the name of "mr scratched car"

casey you are a legend

— Luke Martin (@VentureCoinist) April 20, 2020

Still truly good people in this world.

— Lance Ulanoff (@LanceUlanoff) April 20, 2020

What do you think about the post?

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The US became the first country in the world to have more than one million cases of the novel Coronavirus. It accounts for nearly one-third of the 3.1 million cases globally on Tuesday, while the fatalities spiked to over 58,300, exceeding the number of American soldiers who lost their lives in the two-decade-long Vietnam War.

'We're coming back strong'
According to the US National Archives, 58,220 American soldiers died in the Vietnam conflict, which began in 1955 and ended in 1975. With 58,355 deaths so far, the US also accounts for one-fourth of the over 2,13,000 global fatalities.

"We continue to pray for the victims as well as for those Americans who are grieving their lost ones and their loved ones. There's never been anything like this. We suffer with one heart but we will prevail. We are coming back, and we're coming back strong," US President Donald Trump said at the White House during his remarks on the Paycheck Protection Programme.

"Now that our experts believe the worst days of the pandemic are behind us, Americans are looking forward to the safe and rapid reopening of our country," he said. "Throughout this ordeal, millions of hard-working Americans have been asked to really make tremendous, tremendous sacrifices. It is sacrifices like nobody thought would even be possible; nobody thought we would ever be talking about something like this," Trump said. Meanwhile, several states have initiated the process to reopen their economies.

Some states reopen
In California, Governor Gavin Newsom outlined the phased reopening of his state.
"We are not going back to the way things were until we get to immunity or a vaccine. We will base reopening plans on facts and data, not on ideology. Not what we want. Not what we hope," he told reporters. More than 1,800 people have died due to the coronavirus in California so far. Schools and colleges, he said, could start in July-August.

Texas Governor Greg Abbott has also announced first phase reopening of the state. Tennessee on Monday allowed reopening of restaurants and later this week retail outlets could resume their businesses. Pennsylvania has announced three-phase reopening of the state beginning May 3. The US, Trump said, is opening up again.

58,355
No. of deaths due to COVID-19 in America

58,220
No. of US soldiers killed in two-decade-long war

People visit Yellow Crane Tower after it reopened to the public in China's Wuhan, the epicentre of the COVID-19 outbreak, on Wednesday. Pic/AFP

China's parliament to meet on May 22

China on Wednesday said it will hold from May 22 its annual parliament session, signalling that the pandemic that paralysed the country for over three months is finally under control. The third session of the 13th National People's Congress, which was to be held from March 5, was postponed for the first time ever due to the COVID-19 outbreak.

After rolling out exit plan, Spain sees spike

With 325 new deaths, Spain on Wednesday witnessed a slight rebound in fatalities, a day after Prime Minister Pedro Sanchez announced his plan to ease the COVID-19 lockdown. Individual exercise, haircuts and other personalised services with an appointment will be allowed from Saturday. COVID-19 has killed 24,275 Spaniards and infected over 2,12,000.

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In an incident that show motherly love is the same for every species on Earth, viral pictures of a worried cat in Turkey bringing her sick kitten to hospital for treatment shared on Twitter has made netizens emotional.

A Twitter user shared the pictures of the cat carrying the kitten with her mouth and walking into a hospital in Turkey. Another set of pictures shared by the user shows a team of doctors attending the cat and treating the kitten. The translation of the tweet originally in Turkish, reads, “Today in the hospital, a cat brought her baby in her mouth to the emergency room.” The post garnered more than 83,600 likes and was retweeted over 4,800 times.

Yavrusu biraz haylaz biri, annesi bulduÄŸu yerde kapıp götürüyor pic.twitter.com/GYvBXt3UQz

— Merve Özcan (@ozcanmerveee) April 27, 2020

The pictures were also tweeted by a official in the Indian Revenue Service, Naaved Trumboo, who tweeted, “As strange as it may seem, a cat walked into a hospital in Turkey seeking help for its sick kitten.” He also said in the tweet that mother’s love works in mysterious ways.

As strange as it may seem, a cat walked into a hospital in Turkey seeking help for its sick kitten. Mother's love works in mysterious ways. pic.twitter.com/kD54sONpgL

— Naveed Trumboo IRS (@NaveedIRS) April 30, 2020

Here’s how the twitterati reacted:

Respected Sir,
awesome post.
U r absolutely right
That is called mother's love nobody can denies it.

— Kaleem-uddin Khaza (@Kaleem4u) April 30, 2020

Very intelligent mother

— Anamika Baruah (@AnamikaBaruah8) April 30, 2020

She wanted a scan done- a Cat Scan !!

— Manoj Sharma (@Sharma_Manoj) April 30, 2020

What do you think about the post?

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Millions of people were allowed to return to work in Italy Monday as Europe's longest lockdown started to ease, while countries from Iceland to India took a patchwork of steps to loosen Coronavirus restrictions. Businesses including hairdressers in Greece and restaurants in Lebanon were opening their doors under new conditions.

With pressure growing in many countries for more measures to restart the economy, politicians also were trying to boost funding for research into a vaccine for COVID-19. There are hopes that one could be available in months, but warnings that it could take much longer.

Italy, the first European country to be hit by the pandemic and a nation with one of the world's highest death tolls, started stirring after its two-month shutdown. In all, 4.4 million Italians were able to return to work, and restrictions on movement eased. Traffic in downtown Rome picked up, construction sites and manufacturing operations resumed, and flower vendors returned to the Campo dei Fiori market for the first time since March 11.

As infection rates have fallen in large parts of Europe, tentative efforts to restart public life are gathering pace. But Europeans' new-found freedoms are limited as officials are wary of setting off a second wave of infections.

In Italy, mourners were able to attend funerals - but services were limited to 15 people and there was still no word on when Masses would resume. Restaurants scrubbed their floors in preparation for take-out service, but sit-down service is several weeks away.

Italians still have to carry certifications explaining why they are out. The list of acceptable reasons has now been expanded to include visits to family and lovers, but just who falls into that category is still unclear.

Russia braces for quick surge in cases

Russian officials on Monday reported a steady rise in the number of the COVID-19 infections, fueling concerns that the hospitals could be overwhelmed. The task force dealing with the outbreak reported 10,581 new cases on Monday, taking the total to 1,45,268, including 1,356 deaths. Officials have voiced fears that the holidays could cause a surge in contagion.

Spain sees lowest daily death toll

For a second day in a row, Spanish health officials are reporting 164 new deaths from COVID-19, the lowest daily death toll in six weeks, to a total of 25,428. The figures came as a respite for a country that has spent seven weeks under a strict lockdown and that on Monday entered the first stage of its four-phase lockdown rollback.

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Environmental tax revenue as a percentage of Germany's overall tax take has fallen to its lowest level in more than 20 years, according to the country's statistical agency.

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.6% while the Hang Seng is up 0.9%. The Nikkei 225 is trading up by 1.8%. Wall Street's indices climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.

Trends on SGX Nifty indicated a positive opening for the index in India with a 91 points gain.

India share markets opened higher. The BSE Sensex is trading up by 542 points while the NSE Nifty is trading up by 158 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.9% and 0.6% respectively.

All sectoral indices are trading in green with metal stocks and banking stocks witnessing maximum buying interest.

Note that the�coronavirus impact�has shaken markets worldwide. For the�BSE Sensex, FY20 was the second worst year post FY08, the year of the global financial crisis.

Good Time to Start Investing Now?

Naturally, there is an atmosphere of fear all round.

Is it time to sell stocks now? Will the correction get worse?

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, the rupee is currently trading at 75.57 against the�US$.

Gold prices are currently trading up 1.7% at Rs 46,161.

Gold prices in India edged lower in yesterday's trade though it remained in a narrow range.

On MCX, June gold futures fell about Rs 30 to Rs 45,340 per 10 gram, extending losses to the third day.

Gold prices had fallen about Rs 426 per 10 gram in the previous session. Silver futures also gave up early gains and were down 0.1% to 41,803 per kg.

In global markets, gold prices edge higher today after a sharp fall in the previous session.

Spot gold climbed 0.3% to US$1,690.19 per ounce, after a 1% fall in the previous session. Despite bleak economic data, the dollar's strength is weighing on gold.

The US dollar today touched a more than one-week high against a basket of major currencies. Besides firmer dollar, some bullion refineries restarted have production, easing supply-side concerns.

Moving on to mutual funds sector. Investors pumped Rs 837.8 billion in equity-oriented mutual fund (MF) schemes in FY20, registering a decline of 25% from the Rs 1.11-trillion inflows in the preceding year.

However, this was the sixth successive year of net inflows in equity mutual funds, according to data by the Association of Mutual Funds in India.

The flows into equity funds in the last fiscal were lower than the flows in 2018-19 primarily because of the equity markets displaying volatility, which made some investors take a break from making fresh equity investments.

Net inflows in these funds were Rs 1.7 trillion in FY18, Rs 703.7 billion in FY17, Rs 740.2 billion in FY16, and Rs 710.3 billion in FY15. However, they had witnessed a net outflow of Rs 92.7 billion in FY14.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.

TUBE INVESTMENTS OF INDIA LTD share price has plunged 5% and is presently trading at Rs 375.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (up 0.8%).

Among the top losers in the BSE CAPITAL GOODS Index today is TUBE INVESTMENTS OF INDIA LTD (down 5.4%).

SKF INDIA (up 7.4%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, TUBE INVESTMENTS OF INDIA LTD has moved up from Rs 368 to Rs 375, registering a gain of Rs 7 (up 1.9%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 14.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). DR. REDDYS LAB (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.77%).

BHEL share price has plunged 5% and is presently trading at Rs 23.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (down 0.9%).

Among the top losers in the BSE CAPITAL GOODS Index today is BHEL (down 5.2%).

SKF INDIA (up 5.2%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, BHEL has moved down from Rs 64 to Rs 23, registering a loss of Rs 40 (down 63.3%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 12.2%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 3.8%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.27%).

BHEL Financial Update...

BHEL net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 22.6% to Rs 56.8 billion during the period as against Rs 73.4 billion in October-December 2018.

For the year ended March 2019, BHEL reported 44.1% increase in net profit to Rs 11.9 billion compared to net profit of Rs 8.3 billion during FY18.

Revenue of the company grew 5.3% to Rs 304 billion during FY19.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at 21.6x.

This article (BHEL Plunges by 5%; BSE CAPITAL GOODS Index Down 0.9%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

The United States Economic Commission for Africa says African countries are gearing up to sign the African Continental Free Trade Area Agreement, with a key deadline this month being hit with an agreement among ministers.

The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement.

The member states of the European Free Trade Association signed a free trade agreement with Georgia during a meeting on June 27, 2016.

Canada and representatives from the ASEAN member states have agreed to launch exploratory discussions to determine the potential for a free trade agreement.

Hong Kong has announced the conclusion of free trade agreement negotiations with the Association of South East Asian Nations.

A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated.

The UK's 2018 Budget includes changes to tax rules for companies, and notably for multinational groups to conform with the EU's Anti Tax Avoidance Directive. Most significantly, the UK has decided to move ahead of the EU in announcing that it will apply a tax on the turnover of certain digital businesses.

Three more patients were confirmed infected with dengue in Rawalpindi in Pakistan. Authorities there are gearing up to tackle the rising cases of the mosquito-borne disease.

Antiviral protein that gives immune response to Zika viral infection in mothers may harm the placenta and fetal development, according to a study led by scientists at Yale.

Highlights: Physical activity helps reduce depressive symptoms in postmenopausal women Postmenopausal w

Highlights: People with mental disorders are more likely to develop other health conditions Mapping the

The Australian Government has secured an exemption from new US metal tariffs, Trade Minister Steven Ciobo has said.

The Canadian Parliament's international trade committee has recommended that the federal Government tax products supplied to Canadian consumers by online platforms.

G7 countries are committed to working towards a consensus-based solution to the tax challenges of the digital economy, according to the final communique issued at the conclusion of the G7's summit in Charlevoix, Canada.

The Canada Revenue Agency is to collaborate with an association of tax preparation and software firms to improve the digital services it provides to taxpayers.

On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries.

The first returns under China's new environmental tax are due online by April 1, 2018.

Ritalin and similar medications, commonly prescribed to patients with attention deficit hyperactivity disorder, also used by healthy people as a "study

Remdesivir is highly effective in stopping the replication of coronavirus, according to new research published in the iJournal of Biological Chemistry/i by scientists at the University of Alberta.

In heart disease patients, taking evolocumab in addition to a statin to achieve extremely low levels of cholesterol do not show higher incidence of neurocognitive

In treating hospitalized COVID-19 patients, anticoagulants or blood thinners help improve their chances of survival, reported Mount Sinai COVID Informatics Center researchers.

Emapalumab saved a child suffering from HLH. Although the 34-patient study wasn't large enough to show the efficacy of this new drug, doctors say their data are promising.

On October 23, 2018, the European Commission issued a request to the Italian Government that it revise its draft budgetary plan for 2019 because it breaches European Union fiscal rules.

The Italian Department of Finance has released new lists of government and private sector entities covered by Italy's split-payment mechanism.

Italy's tax agency on July 30, 2019, published a definitive version of the rules for the operation of the country's patent box regime.

Milan's Public Prosecutor's Office has launched an investigation into whether Netflix owes tax in Italy, Italian daily Corriere Della Sera reported October 3, 2019.

On October 16, 2019, the Italian Council of Ministers approved the draft Budget law for 2020, which will prevent an automatic rise in the rate of value-added tax, and includes further measures designed to combat tax avoidance and evasion.

Tax officials in Armenia are to receive support from the Italian Revenue Agency to implement initiatives to tackle tax base erosion and profit shifting.

Switzerland and Italy are to amend the customs status of the Italian enclave of Campione d'Italia.

An invitation to submit comments with regards to the corporate tax exemption provided to ports in Italy was published in the January 10, 2020, issue of the Official Journal of the European Union.

On January 31, 2020, the Italian Revenue Agency released instructions on how companies, individuals, corporate groups, and partnerships can comply with their tax return filing obligations during 2020.

On February 10, 2020, the Italian tax agency commenced a short consultation on the rules surrounding the patent box self-assessment regime.

On March 4, 2020, the Italian tax authority published English language versions of the annual value-added tax form for 2020, together with instructions.

On March 12, 2020, the Italian Revenue Agency announced the suspension of its audit activities in light of the COVID-19 outbreak.

Representatives from US trade and industry associations have voiced concern about a digital services tax proposal floated during the recent Canadian election which they argue will "impose discriminatory requirements on the digital economy."

The OECD is to host a webcast on February 13, 2020, to present its analysis of the potential impact of its proposals for international tax reform to address the tax challenges arising from the digitalization of the economy.

During a February 13, 2020, webcast, the OECD presented economic analysis on the potential impact of what it has proposed on international tax reform to address the digitalization of the economy.

On July 11, 2019, France's proposed digital services tax received parliamentary approval, following approval also from the Senate.

Spain's acting Economy Minister, Nadia Calvino, said the Government will seek approval of legislation to introduce a digital services tax at the earliest opportunity.

On August 19, 2019, the Office of the United States Trade Representative held an off-camera public hearing on France's recently introduced digital services tax, attended by three major technology firms.

The Governments of France and the United States are reportedly close to settling a dispute surrounding France's digital services tax.