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Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low

By www.cnbc.com
Published On :: Thu, 07 May 2020 00:12:50 GMT

Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen.


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Consumer debt hits new record of $14.3 trillion

By www.cnbc.com
Published On :: Tue, 05 May 2020 19:07:12 GMT

Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis,


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Treasury launches 20-year bond to help fund the record borrowing needed this quarter

By www.cnbc.com
Published On :: Wed, 06 May 2020 14:26:37 GMT

An auction May 20 will feature a sale of $20 billion worth as part of an effort to push the record-setting debt levels further out in terms of duration.


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This skincare company saw record sales in April even as coronavirus pandemic ravaged retail

By www.cnbc.com
Published On :: Sun, 03 May 2020 14:01:01 GMT

The rise of virtual hangouts and work meetings hasn't been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But the clean beauty market has been a bright spot.


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Stock market live Friday: Record job losses, investors focused on reopening, Dow gains 450

By www.cnbc.com
Published On :: Fri, 08 May 2020 20:37:36 GMT

A conversation about the latest market-moving news, including the upcoming jobs report.


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Bill Ackman looks to find another winner in restaurants, where his track record is perfect

By www.cnbc.com
Published On :: Sat, 09 May 2020 12:02:05 GMT

Pershing Square made six previous investments in this industry and has never lost money on any of them.


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New York Times expects ad revenue to plummet 50% in Q2, but broke its record for net new subscriptions in a quarter

By www.cnbc.com
Published On :: Wed, 06 May 2020 18:25:08 GMT

The New York Times Company said it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for advertisers. But the media company, which gets two-thirds of its revenue from subscriptions, said it added more than half a million net new digital subscriptions.


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Dow rises more than 400 points despite record job losses, posts first weekly gain in three

By www.cnbc.com
Published On :: Fri, 08 May 2020 20:22:43 GMT

Stocks rose even after the ugliest monthly jobs report ever as investors bet the worst of the coronavirus and its economic impact has passed.


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EU still working on coronavirus stimulus as economy shrinks at record rate

By www.cnbc.com
Published On :: Fri, 01 May 2020 11:58:15 GMT

Market players want to know how much the European Union will provide in additional coronavirus stimulus, but the institution in charge of developing it says it's still under negotiation.


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Zimbabwe urged to prioritise children as record poverty causes food shortages

By www.theguardian.com
Published On :: 2020-01-24T11:42:28Z

Researchers sound the alarm after statistics reveal almost half of impoverished children in rural areas do not have enough to eat

Poverty has reached unprecedented levels in Zimbabwe, with more than 70% of Zimbabwean children in rural areas living in poverty, a UN study has found.

The report, compiled by Unicef and the Zimbabwe National Statistics Agency, shows high levels of privation in rural areas, where 76.3% of children live in abject poverty. Statistics seen by the Guardian suggest that almost half of these children do not have enough of the right food to eat.

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

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As eurozone records 3.8% slump ECB chief warns of worse to come

By www.theguardian.com
Published On :: 2020-04-30T15:06:52Z

Christine Lagarde says there could be a 15% collapse after record first quarter output fall

The head of the European Central Bank has warned that the eurozone could be on course for a 15% collapse in output in the second quarter as evidence of the economic toll caused by Covid-19 pandemic started to emerge, with France and Italy falling into recession.

After news that the 19-nation monetary union area had contracted a record 3.8% in the first three months of 2020, Christine Lagarde said much worse was possible in the April to June period, when the impact of lockdown restrictions would be most severe.

Related: Eurozone shrinking as Covid-19 lockdowns push Italy and France into recession - business live

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

By www.theguardian.com
Published On :: 2020-05-06T16:17:46Z

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

Earlier:

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

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

Related: Coronavirus threatens future of eurozone, Brussels warns

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

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

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

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

Related: Debenhams appoints administrators and liquidates Irish chain

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

More Detail: pic.twitter.com/DJeMYLL4nj

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

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

Goods producers cut 4.23 million jobs:

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

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

ADP pic.twitter.com/zP1WYsapfc

Another ominous sign for the April jobs report Friday..

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

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

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

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

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

BREAKING:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

He fears it will take many years to recover:

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

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

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

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

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

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

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

Markit explains:

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

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

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

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

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

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

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

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

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

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

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

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

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

That shows an “unprecedented” drop in activity.

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

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

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

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

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

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

India Services PMI: 5.4

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

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

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

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

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

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

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

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

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

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

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

In a statement, it says:

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

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

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

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

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

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

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

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

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'You Are the Champions': Locked-down rockers Queen record health worker anthem

By www.france24.com
Published On :: Fri, 01 May 2020 07:17:44 GMT

Rock band Queen and singer Adam Lambert are raising money for health workers fighting COVID-19 with new single "You Are The Champions", an updated version of classic hit "We Are The Champions" recorded on mobile phones under lockdown.


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Brazil reports new daily record for Covid-19 deaths as country’s cases exceed 145,000

By www.france24.com
Published On :: Sat, 09 May 2020 06:36:59 GMT

Brazil, the country in Latin America that has been hardest hit by the coronavirus crisis, said Friday it had reached a new daily record for COVID-19 fatalities with 751 deaths.


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France records 178 Covid-19 deaths in 24 hours as total toll from virus nears 26,000

By www.france24.com
Published On :: Thu, 07 May 2020 18:07:41 GMT

France on Thursday recorded 178 Covid-19 deaths in 24 hours, a 0.7 percent rise from the previous day in the lowest rate of increase in four days, taking the total number of deaths to 25,987. 


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Cape Town restaurant wins Guinness world milkshake record

By feeds.reuters.com
Published On :: Tue, 11 Feb 2020 13:45:24 -0500

Guinness World Records has named a South African restaurant as the official titleholder for 'Most Varieties of Milkshakes Commercially Available'.


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Andre Harrell, founder of influential R&B label Uptown Records, dies aged 59

By www.theguardian.com
Published On :: 2020-05-09T13:34:57Z

Harrell launched the careers of 90s R&B megastars Mary J Blige and Jodeci on his Bad Boy label with the Notorious BIG

Andre Harrell, founder of the influential R&B and hip-hop label Uptown Records, has died. He was 59. The cause of Harrell’s death, which was announced early on Saturday by DJ D-Nice and confirmed by media outlets, was not immediately known.

Harrell started out as half of the early-80s hip-hop duo Dr Jekyll and Mr Hyde but was best known for schooling an intern, Sean “Puff Daddy” Combs, in the music business.

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Bank of England warns of sharpest recession on record

By www.bbc.co.uk
Published On :: Thu, 07 May 2020 15:19:06 GMT

Bank head Andrew Bailey tells the BBC there will be no quick return to normality after the hit to jobs and income.


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Desailly's perfect Confederations Cup record

By www.fifa.com
Published On :: Sat, 01 Aug 2015 00:00:00 GMT

France icon Marcel Desailly won two FIFA Confederations Cups without dropping a point in a match he played- what a record the two-time winning captain posted.


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47 days to go: Record-breaking volunteers head to Russia

By www.fifa.com
Published On :: Mon, 01 May 2017 09:00:00 GMT

FIFA.com has begun the countdown to the FIFA Confederations Cup 2017 in Russia, and from now until the start we will share an interesting fact about the tournament every day. Today we turn the spotlight on the volunteers who will assist the organisers in the running of the tournament.


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38 DAYS TO GO! Perennial Matthaus Sets Record

By www.fifa.com
Published On :: Wed, 10 May 2017 09:00:00 GMT

Aged 38 years and 129 days old, Lothar Matthaus added another impressive entry to his already-gleaming international CV when he became the FIFA Confederations Cup’s oldest scorer in 1999.


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8 days to go: Marcel Desailly’s unbeaten record

By www.fifa.com
Published On :: Fri, 09 Jun 2017 09:45:00 GMT

Marcel Desailly played eight games across two FIFA Confederations Cup tournaments, in 2001 and 2003, and won every single match. He lifted the trophy at both editions too.


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Ashwini Bidre murder: Cops record strong metal signals emanating from spots

By www.mid-day.com
Published On :: 14 Apr 2018 04:24:09 GMT


The Navi Mumbai police restarted the search operation with experts' help early this month. Pic/Hanif Patel

The search for murdered policewoman Ashwini Bidre's mortal remains has reached the final stage. Of the nine locations that came up during the search, two, showing strong signals of presence of a metal object, have been zeroed on.

Having a radius of five metres, both locations are covered with mud that's nearly two metres deep. The police will now take a call on how to remove the objects from these locations, as they will need specialised machinery for it. After an initial investigation, the police had procured a gradiometer, an equipment to locate metal objects underwater, from Israel. "During the two-day search operation, experts found nine spots with the help of the equipment; strong signals emanated at two of the spots," said an officer.

These two locations are expected to have objects at a depth of 25 to 40 metres below the water surface. "The depth varies according to tide. Our search also revealed that the objects are covered with one-metre thick mud, which is hard and can't be removed manually," said the officer. These spots also have deep wells, said a source, adding, "Sending divers in these wells can be dangerous to their lives. Hence, we are considering bringing in machines capable of drilling deep underwater."

Bidre's husband Raju Gore told mid-day, "We are looking forward to the next step from the police, which involves removing the objects and lifting them to the surface."



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COVID-19: Lucknow Police asks Kanika Kapoor to record her statement

By www.mid-day.com
Published On :: 27 Apr 2020 08:10:35 GMT

A day after Bollywood singer Kanika Kapoor explained the controversies regarding her having tested corona positive last month; the Lucknow Police pasted a notice at her house, asking her to record her statement.

Kanika Kapoor has been charged under IPC Section 269 (negligent act likely to spread infection of disease dangerous to life) and Section 270 (malignant act likely to spread infection of disease dangerous to life) of the IPC.

Deepak Kumar Singh, ACP, Krishna Nagar said that the singer will have to come to the police station and give her a written statement. Further action will be taken after this.

On Sunday, Kanika took to Instagram to express her gratitude to the health workers who treated her. She also wrote that several stories were doing the rounds and she was fully aware and knew that some information has been misrepresented.

According to Kanika, she arrived in Mumbai on March 10 from the UK. During this time, she was scanned at the international airport. Until that time no advisory had been issued that required her to quarantine herself.

She had come to Lucknow to meet her family on March 11, when there was no scanning system for domestic flights. On March 14 and 15, Kanika went to lunch and dinner with her friends.

She pointed out that all the people she had interacted with in the UK, Mumbai, and Lucknow are healthy and their reports have also come up negative.

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Off The Record: Anushka Sharma gets candid on her introduction scene in Dil Dhadakne Do

By www.mid-day.com
Published On :: 27 Apr 2020 10:06:10 GMT

Zoya Akhtar and Reema Kagti's Tiger Baby Films has one of the most intriguing pages on social media. The page has the most evocative artistic narrations, orated to viewers by eminent personalities from the industry.

They recently brought into play their new series on social media called 'Off the record' where the most prominent actors of the Indian film industry describe one of their most exemplary scenes from one of their movies.

This time around, it was Anushka Sharma on the mike as the actress spoke about her introduction scene as Farah in Dil Dhadakne Do and everything that makes the scene unique and special while giving some unknown sneak peeks into how the shooting went down.

Earlier, Farhan Akhtar and Ranveer Singh have also shared similar stories from Zindagi Na Milegi Dobara and Dil Dhadakne Do respectively. Tiger Baby films shared the post on social media with the caption, "Off The Record with Anushka Sharma | Dil Dhadakne Do."

"We make films for the silver screen but the little stories that make the big picture don't always come through.
Here's introducing our 'Off The Record' series where cast and crew from the Tiger Baby clan let us in on what went into creating some of their best scenes, what their psychology was in that moment and why this particular scene will always remain unforgettable to them. #nowrolling #storybehindthescene #offtherecordwithtigerbaby." (sic)

Off The Record with Anushka Sharma
Film: Dil Dhadakne Do
Scene: Farah's introduction scene", have a look right here:

The film was mounted on a huge scale but also highlighted the importance of staying together and how a family comes first. And Anushka, as always, delivered a layered and nuanced performance. 

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Put your record on

By www.mid-day.com
Published On :: 13 Apr 2019 02:15:21 GMT

If you appreciate great sound — which is rich, heavy and laidback yet energetic — an event that will be held at Bandra's Corona Garden will give you reason to look forward to the weekend. Celebrating World Record Day today, a music conglomerate has organised a vinyl record sale with mo­re than 2,000 titles on discount, including albums by Pink Floyd, Led Zeppelin, The Beatles and Linkin Park.

Listeners will be able to enjoy a series of acoustic sessions by city-based musicians Nikhil D'Souza, Mali (Maalavika), Tejas, Aarifah and Ramya Pothuri. The day-long affair will end with a special showcase by Kadak Apple Records, where each singer will perform an original composition, accompanied by the rest of the musicians. There will also be an indoor electronic stage that revolves around the 45" vinyl record culture, where DJs Zokhuma (Arman Menzies), ENG (Kunal Lodhia) and Pinnacle will be playing records.

"The simplicity of playing a vinyl record and enjoying the rich, warm sound makes the experience personal and extraordinary. It's the only physical format of music that has seen a rise in demand. The maximum sales take place in Mumbai, Delhi and Bengaluru via online stores," says Jay Mehta, digital head business, Sony Music, organisers of the event.


Aarifah

For 26-year-old Mumbai multi-instrumentalist Aarifah, the introduction to vinyl records happened recently, not unusual for millennials. "A bandmate introduced me to vinyls at a record shop in Mahim. I got to learn the mechanics first hand, which was pretty cool," the Dadar resident tells us. She will be performing her unreleased acoustic originals, which are lyrically-heavy and melancholic. These are also songs she plans to record and release later this year. The musician will be performing her single, Resilient. "This one is about heartache and being resilient through that. The focus is to keep my lyrics as honest as possible," she says, adding that listeners can look forward to a mellow vibe with lots of harmonies as the quartet (Tejas, Mali, Aarifah and Ramya) conclude the concert together.

ON Today 13, 2 pm onwards
AT Corona Garden, St John Baptist Road, Bandra West.
LOG ON TO (to RSVP) insider.in
FREE

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World Record Store Day: The ultimate guide to where you can buy an LP

By www.mid-day.com
Published On :: 21 Apr 2018 04:02:56 GMT

The romanticising of vinyls is not without reason - the gritty, warm sound, the bout of nostalgia and the act of listening may all be cliches, but they also hold true. And today being World Record Store Day, there is perhaps no better way of spending it than actually being in one. So here are a few that can satiate everyone from the grandpa obsessed with Madhubala to the hipster who wears socks from different pairs. Take your pick.

The Revolver Club
Jude D'Souza (seated in pic), CeO at The Revolver Club, says, "I once got a call about someone wanting to purchase weapons and another one asking how they could join this club." He explains that the name is a play on the revolving aspect of vinyls and also an ode to a Beatles album. D'Souza set up the store with co-founder Shalom Benjamin about three years ago, and it has now become a go-to hub for record junkies.
At: LJ Road, Mahim West.
Call: 9833182255
Cost: Rs 100 to Rs 25,000

Royal Music Collection
Known simply as Abdul Razaak's store to those in the trade, this shop tucked away in Fort has been around since 1982. Featuring an array of languages and genres, the stock is a treasure trove of collectors' records. "Most of my customers are regulars and now that record players are back, I get some new ones too. Much what I have comes from old collections, so it's cheap and exquisite," says Razaak, the owner.
At: Kitab Mahal, Dr DN Road.
Call: 98209 33365
Cost: Rs 250 to Rs 2,000.

Music Circle
Pilak Bhatt, owner of Music Centre, which has been around for five years, says he has been collecting records for the last 40 years. At his store you can find both pre-owned records and new ones. "Because of my passion and love for music, I want this format to stay alive. Analogue sound is natural and warm and records have lovely artwork. Plus, there's ample information about the artistes. The sound of Mp3s isn't great, and people are realising that, which is why this revival has come about," Bhatt says.
At: V Mall, Kandivali east
Call: 9833062221
Cost: Rs 300 to Rs 2,000

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Maharashtra records 1,000+ positive cases in single day

By www.mid-day.com
Published On :: 2 May 2020 01:34:46 GMT

Even as the Central government extended the nationwide lockdown for two weeks, the city recorded the biggest jump in cases in a single day till now at 751, taking the total count for Maharashtra to 11,500.

However, Mumbai witnessed a dip in the number of deaths. State health department officials said that 26 COVID-19 deaths were reported in the state of which six were in Mumbai, including a resident of Uttar Pradesh. Eleven other deaths were reported in Pune, three in Jalgaon and one each in Sindhudurg, Bhiwandi, Thane, Nanded, Aurangabad and Parbhani. Among those who died, 14 were above the age of 60 years while 11 were between 40-59 years. Fifteen of the patients were suffering from other ailments like hypertension and diabetes. The death toll in Maharashtra has reached 485 of which 295 have been reported in Mumbai. More than 100 patients have been discharged after full recovery.

Maharashtra reported a total of 1,008 new cases on Friday. Civic officials said that among the 751 new cases in the city, 399 had tested positive in various laboratories between April 25-28 and they were added to the list after the civic body received their details. Based on the recent circular issued by the central government, asymptomatic COVID-19 patients can be allowed to stay in home isolation if it is feasible. Civic officials said that people living in slum areas need the COVID centres more since home isolation is not possible for them.

11,506
Active coronavirus cases in Maharashtra as of today

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Coronavirus outbreak: Mumbai records highest COVID-19 deaths in single day

By www.mid-day.com
Published On :: 3 May 2020 01:35:25 GMT

A day after the number of deaths dropped, Mumbai's death toll rose to 27 deaths on Saturday, the highest number recorded in a single day. The city's count of new cases was also high, as slum areas like Dharavi recorded 89 new cases in a single day.

Maharashtra reported 36 deaths on Saturday and 27 of them occurred in Mumbai, three in Pune, three in Amravati and one each in Vasai-Virar and Aurangabad. State health officials said that in addition to the 27 COVID-19 related deaths in Mumbai, a resident of West Bengal also died in the city. Civic officials said that 20 of those patients were suffering from other ailments including hypertension and diabetes and 15 of the patients were in the age group of 40-59 years.

Civic officials stated that 89 new cases were reported in Dharavi on Saturday and 38 new cases on Friday which took the total count of cases in the area up to 496. Among other areas, Kumbharwada continued to be a hot spot with 16 new cases in two days while Kunchikurve Nagar had 10 new cases. Apart from Dharavi, 17 new cases were reported in Mahim over the past two days which included two patients from the fisherman colony, and 13 new cases in Dadar.

Civic officials of G South ward, which had the highest number of cases, reported that 30 new cases were confirmed on Saturday. "The situation is better at the Worli Koliwada and Jijamata Nagar. However, there are a number of cases emerging from the BDD chawl and Prem Nagar," said Sharad Ughade, assistant municipal commissioner of G South ward. When asked if the restrictions at Worli Koliwada that has been sealed for several weeks will be relaxed, Ughade added that they will take a decision next week.

Two engineers in the maintenance department of Nair Hospital also tested positive. Dr Mohan Joshi, who is in-charge of Nair Hospital, confirmed the news and said, "These engineers did not come in contact with any COVID patients, they caught the infection from the areas where they live."

State health officials said that Maharashtra reported 790 new cases and of them, 547 of them were from Mumbai, and the city now has 8,359 cases. In areas across the state, 121 patients were discharged after a full recovery. Till date, Maharashtra has had 12,296 confirmed cases and 521 deaths.

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Hamilton, Vettel praise Fangio as they eye his F1 record

By www.mid-day.com
Published On :: 24 Nov 2017 14:47:08 GMT

British Mercedes driver Lewis Hamilton and German Ferrari driver Sebastian Vettel praised late Argentine great Juan Manuel Fangio as both racers eye matching Fangio's five Formula One titles.

Hamilton secured his fourth title weeks before the end of the 2017 championship while Vettel won the last of his four consecutive crowns in 2013.


Sebastian Vettel and Lewis Hamilton

"Certainly, we will never match him in how successful he had been in such a short time and so little races. Obviously, back then it was different. Racing was different," Vettel told Efe on Thursday ahead of the season-ending race this weekend in Abu Dhabi.

Fangio, who died in 1995, won his maiden world title in 1951 and took four straight crowns between 1954 and 1957.

"To have achieved what he did achieve in that time, where a lot of things needed to come together, the cars were not as reliable and all of that, still he managed to be that successful, I think he's probably the best we've ever had in terms of putting it together, in terms of skill, in terms of how brave they were at the time," Vettel said.

Hamilton echoed Vettel's opinion of Fangio.

"I agree with Sebastian. Naturally, he's just a leading icon in motorsport. To have achieved what he achieved in the time, when danger was really at its worst. I think he's the driver that I think everyone admires most, perhaps being that it was in the most dangerous period of time in motorsport," Hamilton said.

"I think he should be celebrated more for his success. It's not really mentioned a huge amount. Often you hear about Ayrton and Prost, but I feel he's the godfather of the sport in terms of the drivers," he added.

Hamilton said he expected fierce competition from Vettel during the 2018 Formula One season.

"No one is perfect. Even I have things to work on. I expect Sebastian to raise the bar again next year. Ferrari had a great season," the British racer said.



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'Ramayan' breaks all records, becomes world's most-watched show

By www.mid-day.com
Published On :: 1 May 2020 05:14:24 GMT

Ramanand Sagars popular TV serial 'Ramayan' which is re-airing on Doordarshan became the world's most-watched show on April 16 with 7.7 crore viewers, DD India posted on its official Twitter handle on late Thursday night. 'Ramayan' is being telecast again since March 28 on public demand. In fact, when it was telecast for the first time, the serial had broken all records of popularity, and the show has repeated its history again. Ramanand Sagar had made a total of 78 episodes of this serial based on Valmiki's Ramayana and Tulsidas' Ramcharitmanas.

For the first time in the country, the serial was originally broadcast from January 25, 1987 to July 31, 1988. Then, every Sunday, at 9.30 a.m. the show was aired on TV. From 1987 to 1988, 'Ramayan' became the most watched serial in the world. Till June 2003, it remained recorded in the Limca Book of Records as "the most watched mythological serial in the world".

Interestingly, when the serial started airing in the country for the first time, people used to remain glued to the TV sets. Since there were less TVs at homes then, most of the people used to gather at some neighbour's place to watch 'Ramayan'.

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Raveena Tandon misses Rishi Kapoor, shares a video he recorded for her father’s 80th birthday

By
Published On :: Fri, 08 May 2020 04:45:59 GMT

Veteran actor Rishi Kapoor breathed his last on April 30 after his prolonged battle with leukemia. He was diagnosed in 2018 and headed to New York for his treatment. He was back in Mumbai in September 2019. He passed away at the age of 67 in Mumbai. The Kapoor family, friends, and fans continue to remember him on social media.

On Thursday, Raveena Tandon shared a video of Rishi Kapoor which he had recorded for her father Ravi Tandon for his 80th birthday. “Dearest dearest Chintu uncle.. you are missed everyday. Just before his going to New York for treatment, he recorded this for papa, and then surprised him by being there with us on papas birthday. ♥️ you will always be there at home and in our hearts forever Chintuuncle. ♥️ we love you,” she wrote on Instagram.

A week ago, she recalled the time when Rishi Kapoor praised her. “My heart had filled with pride when I read this praise coming from chintu uncle in the press.. saved this cutting from the year 2009. So many memories and broken hearts you leave behind .#farewell #foreverlove Will miss you too much chintu uncle,” she said.

Raveena Tandon and Rishi Kapoor starred in Saajan Ki Baahon Mein in 1995.

ALSO READ: Flashback Friday: Kareena Kapoor Khan shares old photo of Rishi Kapoor with Randhir, Babita and RD Burman


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Female biker Leslie Porterfield relives worst crash, records ahead of India trip

By www.mid-day.com
Published On :: 11 Nov 2017 03:06:03 GMT

Ahead of her first trip to India, biker Leslie Porterfield, the world's fastest woman on two wheels, relives her record, worst crash and the growing number of Indian women on the riding circuit

At 16, Texas-based Leslie Porterfield bought a Yamaha Virago 1000, her first motorcycle, as an inexpensive mode of transport. It arrived in a box, and most people told her she wouldn't be able to get it running. However, she bought a manual, sought the advice of local mechanics, and put it together.


Leslie Porterfield

In fact, Porterfield loved riding it so much that just a year later, she went on to buy a sports bike (Honda CBR600). This was in the early '90s. "That's when my interest in racing began," recalls the 41-year-old mother of twins. She holds the Guinness World Record for being the fastest woman in the world on a motorcycle, which she set in 2008 with a speed of 232.522mph at Bonneville Salt Flats in Utah, USA.

On November 24 and 25, Porterfield will be in Goa for the fifth edition of India Bike Week, a fest that will witness a gathering of over 20,000 bikers to celebrate all things riding. Here, she will host a motorcycle stand and present awards for various achievements. Excerpts from an email interview:

Tell us about your most interesting motorcycle journeys.
Motorcycles gave me a sense of freedom and connection with nature while riding. One of my favourite trips was to the Baja 1000 (off-road race in Mexico's Baja California Peninsula) in 2005. I was on a dirt bike for the first time, and realised how difficult the race is. I went through 20 miles of deep sand whoops and fell 20 times. I have never been so sore. Another one is from the time I was 17, when I rode for 1,500 miles from Dallas to Los Angeles. On my way back, I was tired. I was riding at about 120mph. Unfortunately, I passed a police car and didn't see it. They set up a roadblock on the highway. When I stopped, I realised there were four police cars behind me. They were mad after chasing me for so long. I was lucky; the officer let me go without a citation. This prompted me to hit the racetrack.

What challenges have you faced in your racing career?
During my first year [2007] in Land Speed Racing [at Bonneville Salt Flats, Utah], the salt was in poor condition - wet, sludgy and hard to get traction. My bike got into a speed wobble at over 200mph. I tried to save it, but ended up coming off the bike at over 100mph. It was the worst wreck I've been in. I was unconscious, with seven broken ribs and a punctured lung. Fortunately, I recovered and made a point of testing different set-ups for the bike. I didn't push myself to make runs when conditions were bad. Racing comes with risks, which I try to minimise.

How did you crack the world record in Utah in 2008?
I had to make an effort to not think about what could go wrong, and put the accident out of my mind. I focused solely on what I needed to do to achieve my record. To set a land speed record, you have to make two runs — one in each direction - holding your top speed for a mile. My bike's engine was hot and as I entered the measured mile at full throttle, it started to sound rough. By the end, I had set the record but blown my engine, and there was oil everywhere!

What's your take on Indian motorcycle culture?
It's fascinating. The selection of motorcycles is vast, and I love that more women in India are riding motorcycles now. When I started in the '90s, men dominated the speed and racing scene; it was difficult for women to break into it.

Is Mumbai part of your itinerary?
I hope to see it during my visit. It is such a diverse city with much history. I've wanted to visit India for some time. I can't wait to experience its architecture, art, culture and beauty. I love Indian food, but have tried it only in America.

What kind of bikes do you ride now?
I have a Honda CBR1000, and several classic bikes from the '60s. I enjoy restoring old bikes. They aren't very fast, but they are a lot of fun.

Tips
>> Invest in proper motorcycle gear.
>> Never quit learning. Take up rider courses. Even if you have no desire to race, a day on the track with guidance will make you a better and safer rider.



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Tax-News.com: Fraud At Record Levels, New BDO Report Says

By www.tax-news.com
Published On :: Tue, 16 Jan 2018 00:00:00 GMT

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud.


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Danish Kaneria replies to Inzamam's jibe: If PCB had supported me, I would have broken many big records

By www.mid-day.com
Published On :: 14 Apr 2020 04:10:18 GMT

Former Pakistan leg-spinner Danish Kaneria might be currently serving a life ban for his involvement in fixing, but he has once again taken the attack to the Pakistan Cricket Board saying that he wasnt supported enough by the PCB.

In a YouTube video, former Pakistan skipper Inzamam-ul-Haq had spoken about how Brian Lara had taken Kaneria to the cleaners even though the Pakistan captain had placed fielders on the boundary and thereby shown his true class.

But taking to Twitter, Kaneria wrote: "I have taken @BrianLara's wicket 5 times in my career. He was a good cricketer. If PCB had supported me, I would have broken many big records."

Describing the episode, Inzamam had said: "Kaneria bowled a googly and Lara hit the ball back towards the bowler, coming out of his crease. Danish said ‘well played Brian', which prompted Lara to say ‘okay sir'. The next three balls were all dispatched over the boundary.

"I was the captain of the side so I went over to Danish and told him to tease Lara a bit more. I felt he was angry so we might make him throw away his wicket. I placed the fielders on the boundary in anticipation of big shots but he still managed to outfox us by hitting Danish to all parts of the ground."

Kaneria had earlier asked Yuvraj Singh and Harbhajan Singh to help the hindus in Pakistan as they fight the coronavirus outbreak.

"I request @YUVSTRONG12 and @harbhajan_singh to make a video for the minorities living in Pakistan as well. They need your help in this moment of #coronacrisis," Kaneria had said in a tweet.

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Dhoni is greatest in terms of record but Kumble is the best captain I have played under: Gambhir

By www.mid-day.com
Published On :: 24 Apr 2020 02:31:46 GMT

The numbers are heavily in favour of Mahendra Singh Dhoni but former India batsman Gautam Gambhir says spin legend Anil Kumble was the best India captain he has ever played under. Gambhir has high regards for Dhoni and Sourav Ganguly as India skippers, but believes Kumble would have been phenomenal as captain had he led the national team for a longer period.

"From the records point of view it obviously has to be MS Dhoni. He has won every ICC trophy possible. He has done fabulously well, he has handled the pressure for a very long time. Sourav (Ganguly) has also done well. "But one person I would definitely, would have liked to captain India for a long time should have been Anil Kumble. I played 6 Test matches under him and had he captained India for a long time would have broken many records," Gambhir said on Star Sports 'Cricket Connected' show on the occasion of IPL's 12th anniversary.

"From the records point of view Dhoni is right up there but for me the best captain I played under is Anil Kumble," Gambhit, who is now a BJP MP, added. Kumble was appointed as India captain after Rahul Dravid in 2007 and led the side in 14 Tests -- winning three, losing six and drawing five. But his stint as captain lasted little less than a year as he retired in November 2008, following which Dhoni was appointed as the skipper in all three formats. Gambhir also picked Mumbai Indians skipper Rohit Sharma as the all-time great IPL captain. "I think it's Rohit Sharma . He has won the IPL four times and his captaincy is all about winning trophies," he said. "He will end up being the most successful IPL captains of all-time as well, probably he will finish with 6 or 7 titles under his belt."

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Can Virat Kohli break Sachin Tendulkar's 100 tons record? Brett Lee thinks so

By www.mid-day.com
Published On :: 27 Apr 2020 04:45:00 GMT

Virat Kohli and Sachin Tendulkar are undoubtedly the finest batsmen Indian cricket has ever produced. Virat Kohli is also closing in on Sachin's ODI record of most centuries. The most discussed topic which has been a debate is will Virat Kohli every overtake Sachin Tendulkar's record of 100 international centuries? Well, this former Australian pacer thinks it is possible.

On a special two-part episode of Star Sports' show Cricket Connected that airs on April 25th, 2020, former Australia fast bowler Brett Lee has hinted that Team India captain Virat Kohli could surpass Sachin Tendulkar’s tally of 100 centuries.

Brett Lee spoke about Virat Kohli’s chances of passing Sachin Tendulkar’s 100 centuries, "We are talking about phenomenal numbers here. Give it another 7-8 years of cricket and the way he is going currently, Kohli can definitely knock it off easily. However, it comes down to three things. One thing that I would like to eliminate is his talent as a batsman. He definitely got that, so we eliminate that.

Picture Courtesy/ Brett Lee's Instagram

Brett Lee continued, "The second will be his fitness. Kohli has surely had that, because for me it’s all about fitness. Last would be the mental strength and the capacity to get through the hard games and being away from home. I believe he has all these three-components to go past Sachin, but again we are talking about Sachin and how can somebody go past God. So, we just have to wait and watch."

Brett Lee also took to Instagram to wish his former on-field rival-turned-friend Sachin Tendulkar as the latter celebrated his 47th birthday on April 24, 2020. Take a look at Brett's post below.

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China records jump in inbound virus cases

By www.mid-day.com
Published On :: 13 Apr 2020 02:18:36 GMT

China has reported 99 new Coronavirus cases, the highest in a single day in recent weeks, and 63 fresh asymptomatic infections, taking the total number of patients in the country to 82,052, health officials said here on Saturday, amid concerns about a second wave of the pandemic.

According to China's National Health Commission, as of Saturday, a total of 1,280 imported cases were reported in China. Of them, 481 had been discharged from hospitals after recovery, and 799 were being treated with 36 in severe condition.

It said 99 new confirmed COVID-19 cases were reported on the Chinese mainland on Saturday, of which 97 were from people returning from abroad. Also on Saturday, 63 new asymptomatic cases, including 12 from abroad, were reported on the mainland. The NHC said 1,086 asymptomatic cases, including 332 from abroad, were still under medical observation.

Asymptomatic cases refer to people who are tested positive for the coronavirus but develop no symptoms such as fever, cough or sore throat. They are infectious and pose a risk of spreading to others.

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Russia reports record 10K new cases

By www.mid-day.com
Published On :: 4 May 2020 02:33:33 GMT

Russia reported more than 10,000 new cases of coronavirus infections on Sunday, the first time the country's daily tally reached five figures."More than half of the 10,633 new cases reported were in Moscow, where concern is rising about whether the capital's medical facilities will be overwhelmed. Russia has recorded more than 1,34,000 coronavirus infections overall and 1,420 deaths."

150 test positive in Kabul
Afghanistan's public health ministry announced Sunday that 500 random Coronavirus tests in the capital revealed more than 150 positive results, raising fears that the virus may be spreading faster than originally thought.

Ministry spokesman Wahid Mayar called the results from Kabul "concerning" and said people must remain in their homes to slow the spread. He said the country's actual infection rate would likely increase as testing becomes more available. Afghanistan has thus far taken close to 12,000 samples, of which over 2,700 have been positive, and 85 have died.

Kabul and most other cities are in lockdown. Afghanistan has also received more than 250,000 refugees who have returned from Iran, the country hardest hit by coronavirus in the region. There are growing fears that the country's health care system, devastated by four decades of war, will be woefully unprepared for a major outbreak.

Pakistan's COVID-19 tally crosses 19,000

Pakistan's COVID-19 tally crossed 19,000 on Sunday after 989 new patients were diagnosed in the past 24 hours. The Ministry of National Health Services said 23 patients died in this period, taking the total toll to 440. The authorities so far have conducted 2,03,025 tests, including 8,716 in the last 24 hours. Prime Minister Imran Khan on Saturday said he was not sure when the anti-COVID-19 vaccine will be available and expressed fears that "we may have to live with the virus for six months or (even) a year". He said the war against the pandemic can be won by wisdom and not by using force to shut down the masses.

657 more infected in Singapore

Singapore on Sunday recorded 657 new cases, over 600 of whom are foreign workers, taking the total number of COVID-19 infections to 18,205. "The number of cases among migrant workers has been fluctuating in recent days due to clearance of backlogged cases by one laboratory," the Health Ministry said. Singapore will allow some businesses to reopen from May 12.

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Coronavirus crisis: Why television industry is bleeding despite record consumption

By www.businesstoday.in
Published On :: Tue, 05 May 2020 02:09:40 GMT

While marketing and promotional activity is not an immediate priority for advertisers struggling to re-build their own businesses, revenues will remain subdued through the middle of 2021


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Sri Lanka Records Rise in Dengue Cases

By www.medindia.net
Published On ::

Sri Lanka's Ministry of Health launched a dengue eradication programme to control the number of dengue cases that rose to over 18,000 with 24 people reported dead.


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Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

By www.tax-news.com
Published On :: Fri, 7 Dec 2018 00:00:00 GMT

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.


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Tax-News.com: Fraud At Record Levels, New BDO Report Says

By www.tax-news.com
Published On :: Tue, 16 Jan 2018 00:00:00 GMT

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud.


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Tax-News.com: Advance Pricing Agreements 'At Record High' In EU

By www.tax-news.com
Published On :: Mon, 19 Mar 2018 00:00:00 GMT

The number of advance pricing agreements between EU member states and companies rose by 64 percent from 2015 to 2016, according to research by Eurodad.


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Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

By www.tax-news.com
Published On :: Fri, 7 Dec 2018 00:00:00 GMT

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.


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Tax-News.com: Ireland Studies Potential Drop In Record High CIT Receipts

By www.tax-news.com
Published On :: Fri, 18 Oct 2019 00:00:00 GMT

A reversal of recent surges in corporate tax receipts could hit tax revenues and affect the Ireland's longer-term economic position, according to analysis released by the Irish Finance Department.


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Global Carbon Emissions Growth Hits Record High Again

By www.medindia.net
Published On ::

Coal use is down dramatically in the United States and the European Union, but rising natural gas and oil use in 2019 increased the world's carbon dioxide emission.


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Business Recorder: An interview with Mohsin Hafeez, Country Representative of IWMI

By www.iwmi.cgiar.org
Published On :: Tue, 10 Mar 2020 10:52:47 +0000

The principles of integrated water resource management insist on taking a basin-wide or systemwide approach rather than addressing surface water and groundwater issues separately.


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