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Tyson Foods shares fall 8% as production disruptions take a toll on profits, company secures $1.5 billion loan facility

By www.cnbc.com
Published On :: Mon, 04 May 2020 14:49:17 GMT

Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results.


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HSBC results were unsurprising given economic fallout from coronavirus, says analyst

By www.cnbc.com
Published On :: Wed, 29 Apr 2020 08:26:18 GMT

HSBC's first-quarter earnings were not surprising given the global economic fallout of the coronavirus pandemic, says Filippo Alloatti, senior credit analyst at Federated Hermes. He also discusses the bank's decision to suspend share buybacks and dividend payouts for now.


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Wholesale inventories fall 0.8% in March

By www.cnbc.com
Published On :: Fri, 08 May 2020 16:07:04 GMT

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


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Total's net profit falls 35% in the first quarter as oil prices slide

By www.cnbc.com
Published On :: Tue, 05 May 2020 07:46:33 GMT

Total reported that first-quarter net profit came in at $1.8 billion, down from $2.8 billion over the same period last year.


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Millions of people are expected to fall ill with tuberculosis due to coronavirus lockdown

By www.cnbc.com
Published On :: Wed, 06 May 2020 12:41:43 GMT

"This situation makes me sick, because (it) is totally avoidable," Lucica Ditiu, executive director of the Stop TB Partnership, said.


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Gold may be set for a fall to $1,130

By www.cnbc.com
Published On :: Tue, 25 Sep 2018 07:57:39 GMT

Gold's consolidation over the past few weeks has triggered short covering, but it has not encouraged new long positions, Daryl Guppy writes.


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Here's how the new retirement legislation could fall short

By www.cnbc.com
Published On :: Mon, 23 Dec 2019 21:15:12 GMT

The Secure Act, signed into law days ago by President Trump, aims at boosting access to workplace retirement plans such as 401(k) plans, yet may fall short of expectations.


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Victoria Falls dries to a trickle after worst drought in a century

By www.theguardian.com
Published On :: 2019-12-07T01:53:48Z

One of southern Africa’s biggest tourist attractions has seen an unprecedented decline this dry season, fuelling climate change fears

For decades Victoria Falls, where southern Africa’s Zambezi river cascades down 100 metres into a gash in the earth, have drawn millions of holidaymakers to Zimbabwe and Zambia for their stunning views.

But the worst drought in a century has slowed the waterfalls to a trickle, fuelling fears that climate change could kill one of the region’s biggest tourist attractions.

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

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Worst drought in a century shrinks Victoria Falls to a trickle – video

By www.theguardian.com
Published On :: 2019-12-07T13:35:09Z

Victoria Falls, on the border of Zimbabwe and Zambia, has slowed down to a trickle after an unprecedented decline in water levels, officials have said. Data from the Zambezi River authority showed water flow at its lowest since 1995, and well under the long-term average. 

The Zambian president, Edgar Lungu, said it was a stark reminder of what climate change is doing to the environment, yet some scientists are cautious about categorically blaming the climate crisis. Harald Kling, a hydrologist at engineering firm Pöyry and a Zambezi River expert, said climate science dealt in decades, not particular years, 'so it’s sometimes difficult to say: this is because of climate change because droughts have always occurred'

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Cornerstone Macro's Carter Worth says financials fall may continue

By www.cnbc.com
Published On :: Fri, 01 May 2020 21:34:43 GMT

Cornerstone Macro's Carter Worth takes a look at the financial sector. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Guy Adami, Brian Kelly and Steve Grasso.


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NYC brokers expect real estate prices to fall up to 20%

By www.cnbc.com
Published On :: Fri, 08 May 2020 19:45:00 GMT

Many real estate deals were renegotiated or cancelled when the world was placed on hold due to the coronavirus pandemic. CNBC's Robert Frank reports the numbers.


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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.

Continue reading...


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Chicken & Veggie Fall Skillet by The Pioneer Woman

By feedproxy.google.com
Published On :: Mon, 04 Nov 2019 15:13:01 +0000

I tried and tried to think of something bad to say about this recipe…but I haven’t come up with anything yet! Everything—from the seasoned roasted chicken to the tender autumnal veggies, to the luscious balsamic glaze to the crispy toast it’s served with—is just lovely. Winner, winner, chicken dinner and all that jazz. Here’s how […]


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Researchers Claim Rainfall Triggered Kilauea Eruption, but Others Remain Skeptical

By rss.sciam.com
Published On :: Wed, 22 Apr 2020 18:00:00 GMT

Heavy rains may have put pressure on the Hawaiian volcano’s underground plumbing, setting off its major 2018 eruption

-- Read more on ScientificAmerican.com


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ESPECIALLY IN THE FALL

By feedproxy.google.com
Published On :: Thu, 07 May 2020 14:00:00 -0700


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Covid-19: Daily death toll up in France as hospitalisations continue to fall

By www.france24.com
Published On :: Fri, 08 May 2020 18:17:01 GMT

The number of people who have died from coronavirus infection in France rose 243 to 26,230 on Friday, a higher daily death toll than the previous day when it stood at 178.


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Work and leisure return to Wuhan as Covid-19 fears and economic fallout linger

By www.france24.com
Published On :: Tue, 21 Apr 2020 14:38:42 GMT

After 76 days under lockdown, China's Wuhan city is gradually returning to a new normal. But while Covid-19 infection rates have fallen, social distancing measures are still in place and the economic repercussions for the industrial hub are also becoming clear.


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Inuyasha Anime Gets Yashahime: Princess Half-Demon TV Spinoff This Fall

By www.animenewsnetwork.com
Published On :: Fri, 08 May 2020 23:28:14 -0400

Rumiko Takahashi designs Sesshomaru, Inuyasha's daughters for reunited Sunrise team


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The past can help us deal with the pandemic’s mental health fallout

By www.newscientist.com
Published On :: Wed, 22 Apr 2020 18:00:00 +0000

Lessons learned from natural disasters and the military can help guide our responses to help people's mental health during the covid-19 pandemic


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Russian volunteers search for fallen World War II soldiers

By news.yahoo.com
Published On :: Sat, 09 May 2020 03:09:04 -0400

Abayev and members of his search team rummage the steppe for remains of the Red Army soldiers who fell in the autumn of 1942 in fierce fighting with Nazi troops pushing toward the Caspian Sea south of Stalingrad. Stiff resistance by the Red Army stopped the Wehrmacht onslaught in the steppes of Kalmykia, and months later the enemy's forces were encircled in Stalingrad and surrendered, a major defeat for the Nazis that marked a turning point in World War II.



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18-year-old girl jumps off train after mobile phone falls, suffers head injuries

By www.mid-day.com
Published On :: 25 Apr 2018 11:00:28 GMT


Representational Image

In a shocking case, a teenage girl jumped off a moving train after her mobile phone slipped from her hand and fell on the platform at Khoparkhairane. The girl, a class 11 student has suffered severe head injuries and has been admitted to Mathadi Kamgar hospital in Koparkhairane.

Turbhe RPF’s inspector Lokesh Sagar said, "The incident occurred around 11.45am on platform number 1. The collegian, her friends and some of their teachers were on their way to Nerul for an event. As the group boarded the Nerul-bound train, Tejashri’s mobile slipped from her hand and fell on the platform. By then, the train had picked up speed but still, the girl jumped off to get the phone. Her friends alighted at Turbhe and returned to Koparkhairane to help her but she had already been taken to a hospital."

An RPF constable who was deployed at khoparkhairane station saw the incident and rushed the girl to Mathadi Kamgar hospital near bus depot in an auto, without waiting for an ambulance reported Times of India.

Lokesh Sagar added, "Doctors treating Tejashri said that she was administered eight stitches and is out danger. We handed over her mobile to her family members when they came to the hospital."

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

 


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Navi Mumbai: Citizen group frees waterfalls from litter on Independence Day

By www.mid-day.com
Published On :: 17 Aug 2018 08:17:57 GMT

A group of citizens under Environment Life, which works towards cleaning up waterfalls and the space around them, in Mumbai and surrounding areas has cleaned up the waterfalls at Kharghar Driving Range.

The clean-up drive, dedicated to martyred Major Kaustubh Rane, and as a mark of respect for all security forces, was titled 'Waterfall Cleanup Drive VII: Kachare se Azadi' and organised on August 15 from 9 am to 12 pm. To support this cause, the group was joined by retired Air Force sergeant Subhashish Sarkar.

During the drive, the group of 45, aged between six and 70, managed to clear about 230 kg waste from the hill and waterfall area. Till now, Environment Life has carried out such drives at 12 locations, clearing seven tons of garbage left behind by tourists and visitors. Out of the total amount of garbage dumped by picnickers at waterfalls in that area, 150 kg is plastic — plates, spoons, water bottles, wafer packets, carry bags, etc.

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Mumbai worker falls off 20th floor of under-construction building, dies

By www.mid-day.com
Published On :: 10 Apr 2018 16:59:41 GMT

Representational Image

A 28-year-old labourer died after he fell off the 20th floor of an under-construction building in suburban Malad, police said on Tuesday. The incident occurred when Abu Tahir was doing a plastering work on the 20th floor of the high-rise in a Malwani area, said a police official.

Tahir was rushed to a hospital by locals where doctors declared him brought dead. A case was registered under section 304 (A) (causing death due to negligence) against two persons for not ensuring the safety of the labourer, he said, adding that further investigation is on.

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Mumbai: Man dies after falling into open drain in Kurla

By www.mid-day.com
Published On :: 23 Jun 2018 04:13:38 GMT

A man died after he fell into an uncovered drain near Kurla signal at Eastern Express Highway in Mumbai. The incident took place last night. The identity of the man is yet to be ascertained.

The locals in the area said that they had been facing problems because of the open drain since past few days.

One of the locals told ANI, "There are several uncovered manholes in the area. We had been complaining about this for a year."

The body has been shifted to the hospital for autopsy and probe has been initiated.

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Mumbai: Two fall to death from Govandi building

By www.mid-day.com
Published On :: 30 Nov 2018 09:52:22 GMT

Two labourers were killed on Friday after falling from the eighth floor of an under-construction building here, a disaster control official said. The incident occurred when they were fitting window panes of the Shabari Park building, coming up opposite the RK Studios in Govandi suburb.

Suddenly they lost their balance and fell nearly 80 feet below, the Brihanmumbai Municipal Corporation official said.

Other workers rushed them to the Shatabdi Hospital where they were pronounced dead.

It is not clear if they were wearing safety belts or whether a safety net was installed below to prevent such accidents.

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Mumbai: 15-month-old baby survives 4-floor fall without any injuries

By www.mid-day.com
Published On :: 04 Jan 2019 02:45:05 GMT

By holding on to a tree branch, one-year-old Atharva Barkade survived what could have easily been a fatal fall. Atharva fell from the balcony of his fourth-floor home in Deonar on Thursday morning, after curiously crawling to the edge of it. Luckily, he escaped with a few bruises. Preliminary tests have not indicated any injuries, but he has been admitted in the ICU as a precautionary measure.

The Barkades reside on the fourth floor of Jay Gopi Krishna CHS at Deonar. Around 8:45 am on Thursday, Ajit, Atharva's father, was getting ready to go to work. At the other end of the house, Atharva's grandmother was going to the balcony attached to the living room to put out clothes to dry. Atharva crawled behind her and out of the balcony.

Crawling and falling
Just then, Ajit entered the living room and saw Atharva crawling out of the balcony and yelled when he saw his baby fall from it. "I was cooking when I heard Ajit shouting. All the family members rushed to the living room and he just kept pointing to the balcony," said Anjali, Atharva's aunt. "We all rushed to the ground floor and to our surprise, found Atharva crying and trying to stand up," added Anjali.


The fourth floor balcony from where Atharva fell. Pic/Rajesh Gupta

Ajit and Mangal, Atharva's parents, checked his body for injuries. They were able to only find bruises on his back. But they decided to go for a more professional assessment. "Without giving it a second thought, we rushed to the main road looking for an autorickshaw and took him to a private hospital in Chembur, where we were told that they don't have the facilities to admit a baby. Then, we took him to the Fortis Hospital in Mulund," said Mangal, Atharva's mother.

Admitted in ICU
Atharva has been admitted in the paediatric ICU and currently kept under observation for 48 hours. According to the family, the CT scan and other reports have not shown any internal bleeding. The Govandi Police have made an entry of the incident. They were alerted when Atharva was taken to the hospital. According to cops who examined the spot, "The baby must have fallen on a flexible tree branch and held it until he lost its grip and fell, which reduced his speed. Had he fallen directly on the ground, it could have been fatal." The cops suspect he gripped on the tree first as he was found holding a few leaves after he fell.

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Central Railway builds steel tunnels to prevent boulders falling on tracks

By www.mid-day.com
Published On :: 28 Apr 2020 02:01:41 GMT

In a first, the Central Railway (CR) seems to have come up with a permanent solution for the falling boulders in the ghat section known for disrupting services during monsoon. Accordingly, CR has recreated steel tunnels which will trap falling boulders and protect the passing trains below.

Last year, CR deployed 60 additional CCTV cameras, posted gangmen, rock-bolting at 750m stretch and drone cameras to alert approaching trains, but all were of limited help.In 2017, three passengers on the Hubli-Lokmanya Tilak Terminus (LTT) Express suffered injuries after a boulder came crashing through the roof while it was passing through Khandala ghat.

After the problem was analysed last year, it was revealed that the increased incidents of boulders falling on tracks along with mud had been due to heavy monsoon.

So, officials started working on the steel tunnel portal extension last year in four tunnels. "The work has been progressing with the lockdown in place and will be completed before the monsoon sets in," CR chief public relations officer Shivaji Sutar said. "Work of removing loose boulders is still underway and at present, we are running boulder special trains, and patrolling the mountains to scan loose boulders and tunnels," he added.

In the history books
Historically, the Indian Railways has been dealing with the problem of boulders in this stretch since its inception. But they never cancelled these many trains to manage the situation as they have done in recent years. The archival records of the Great Indian Peninsula Railway, which is now called Central Railway, on the initiation of passenger rail service on the ghat section in 1864, had issued a notice on the operation of the 'terrain section' by dividing the entire stretch into 13 parts with three watchmen deputed for each.

4
Total no. of tunnels in which steel tunnel work is underway

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'I have fallen for this new girl in the neighbourhood...'

By www.mid-day.com
Published On :: 01 Apr 2016 01:38:27 GMT

Dear Diana,
I've been in a relationship with a girl in my neighbourhood for the past few years. We hang out together and we are considered to be a couple. We have been together since our school days. Recently, I met another girl who has moved to our housing complex. I feel attracted to her even though I do not know her. She is extremely pretty. I keep fantasising about her. I do not understand why I have developed feelings for this other girl who I do not know. Some of my neighbours have befriended her and say that she is a sweet, caring girl. I want to strike a friendship with her, but at the same time do not want to hurt my girlfriend. What is worse is that we stay in the same neighbourhood so — sooner or later — my girlfriend is going to find out.
— Neeraj


Illustration/Uday Mohite

Dear Neeraj,
You don't even know this new girl in the neighbourhood, but have fallen head over heels for her. As she is attractive, you might be infatuated by her. At the same time, you do not know if there is someone on her scene. You seem to be getting carried away by her looks. When you speak to her, you will have a different viewpoint of her. Your girlfriend will throw a fit when she finds out that you have developed feelings for someone else. Don't let this other woman ruin what you have with your girlfriend of so many years. Also, your mind is muddled. Sit down and think in what direction you are heading. First, get to know this new girl and then decide whether she is the girl of your dreams.



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Karan Johar: Making sure my kids don't fall into stereotypes

By www.mid-day.com
Published On :: 8 May 2020 09:23:32 GMT

Filmmaker Karan Johar says he is bringing up his three-year-old twins Yash and Roohi by giving them emotional encouragement, and is making sure that they dont fall into stereotypes. "All of us are very proud parents, we all love our children. And it's very integral that we give them all the love, the attention and the care. We also really make their home feel beautiful, we make them love their home, we make them feel like home is where the heart is," Karan said.

"But we sometimes miss the point, we sometimes pretend that their home is just their residence, but that's not true. Our planet is also our home. There are few things that I have done with my kids at a very young age apart from the emotional encouragement that one has to always give them about making sure that they don't fall into stereotypes," he added.

The filmmaker continued: "The other thing that I do is I tell them about plastic, single use plastic and about how it's important not to consume single use plastic, because you know that it's a big deterrent to our planet and we must be very careful. So, saying no to plastic is the one thing that I've been actually inculcating within their sensibility."

Now, Karan has joined hands with Neha Dhupia, Soha Ali Khan, Esha Deol, Tusshar Kapoor, Pragya Kapoor, Kunal Khemu, Amrita Arora and Neelam Kothari to take a pledge to protect the planet through a campaign by Simone Khambatta's parenting and motherhood blog Mama Says.

Neha Dhupia said: "Apart from all the other conscious work that we are doing, I also pledge that we continue buying wooden toys for our daughter Mehr, try and keep her away from plastic toys as much as we can. And more importantly we are totally open to hand me downs. Mehr has got a lot of friends who are six months or a year older and we believe in hand me down toys, clothes, books, all of it. It's great on the pocket and more importantly it's very good for the environment," added the actress.

To this, Soha added: "I pledge to use a reusable water bottle with me every time I step out of the house instead of buying plastic bottles because I care about the future of our children and our grandchildren on our planet."

"The pandemic has made us realise many things with the most important one being that we need to care for Mother Earth! We don't have to do big things, we have to do small things but have to do it together," Khambatta said.

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Baarish 2 song Dil Ki Gullak will make you fall in love with Anuj and Gauravi all over again

By www.mid-day.com
Published On :: 9 May 2020 11:28:58 GMT

With fans continuing to rave about the cute and mature love story between Anuj (Sharman Joshi) and Gauravi (Asha Negi) in ALTBalaji and ZEE5's Baarish Season 2, the show makes us fall in love with this adorable pair once again with the release of a soulful track 'Dil Ki Gullak'.

The soft melody picturized on the Jodi highlights the ups and downs of their life, with the lyrics adding to the special bond that they share. What starts off with the cute moments soon turning into the couple contemplating divorce, this track further adds to the intrigue surrounding the fate of Anuj and Gauravi in this unusual love story.

Composed by the talented Shamir Tandon, who has given music for films like Mission Istanbul and Inkar, the soul of 'Dil Ki Gullak' is in its two singers Rik Basu and Pratibha Singh Baghel who have given fans a track to cherish forever. And it's the deep and heartfelt lyrics penned by Abhinav Nagar that adds meaning to the good and bad moments that Anuj and Gauravi go through. It's a song that's certainly going to make you realize that be it happy or sad, each and every moment in a relationship comes with a certain level of maturity.

Composer Shamir Tandon quips "It always has been a pleasure to score music for Balaji. My first outing with them was Ragini MMS where we had a very intimate melodic love song. And now it's time for Baarish. The song 'Dil ki Gullak' is one of my favourite and Ekta and her team were swift to pick this beautiful Raag based composition. I'm fortunate for this opportunity to work on this Sharman Joshi starrer and to everyone who wants to listen to this simple hummable track on repeat mode."

Baarish 2 begins with Anuj and Gauravi rediscovering their bond and finding love through every challenge that life throws at them, as they dream of a future together. Things don't seem to be going as per plan as Anuj, on seeing Gauravi face humiliation and hardships, changes as a human being in his quest to guarantee her happiness forever.

Having to pay a heavy price sees Anuj lose the very charm and innocence that made Gauravi fall in love with him in the first place which makes her take a firm stand to not settle for this change. With the couple taking separate paths, it's the rain that plays cupid once again to reunite these two hearts who yearn for each other.

Stay tuned to ALTBalaji and ZEE5 app for more!

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Beyhadh 2 actor Shivin Narang injured after falling on a glass table; undergoes surgery

By www.mid-day.com
Published On :: 5 May 2020 06:05:30 GMT

There's some terrible news for all the fans of Beyhadh 2 actor Shivin Narang. The actor has undergone surgery recently after he accidentally fell on a glass table that resulted in major loss of blood.

His spokesperson spoke to IANS about the incident and said, "He slipped on a glass table and it broke. He fell on it. The left hand was injured and he got bruises on other body parts too. He got injured on Sunday evening at his home in Malad and major surgery on his hand happened on Monday evening. The wounds are deep." Meanwhile, his show Beyhadh 2 got suddenly terminated owing to the ongoing nationwide COVID-19 lockdown.

"To be honest, as a team even we don't have the clarity yet. But considering the situation we are in, anything is possible. Beyhadh 2 is a big brand, a show with its own huge following," he had said last month.

"Personally, I feel it's a finite show already reaching its end if we can complete the end that will do justice to the show and the viewers. But yes, it's not only us, the whole world, but the whole industry is also suffering, so we are okay with whatever the channel decides," he had added.

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Relationships: 6 reasons why younger women fall for older men

By www.mid-day.com
Published On :: 03 Mar 2017 07:20:40 GMT


Representational picture

Sugar Daddy Syndrome, commonly termed as 'attraction to older men', something young women go through has been studied extensively by relationship experts...

Father figure
Older men have a mentor-like feel about them, something that women fall for instantly. Freud says it comes out of the fact that subconsciously, they find them fatherly, and for a young woman, her father is the ultimate epitome of manlihood.

Smooth operators
Older men may not be as wild as young ones, but they surely know the tricks of the trade. They know how to flatter with poetry and pun, make every stroke a master's, and charm like a gentleman things where little lads often fail.

Ready and able
Older men have had decades to work on their act, and are ready to take the plunge.

Full of surprises
Elderly men were more likely to surprise women with flowers and chocolates, as compared to men half their age.

Mr. Moneybags
Older men are financially stable, so, they can afford to shower their partners with gifts.

The romance factor
Consultant psychiatrist YA Matcheswalla says that while there is no age limit for romance, agrees that for men in their fifties, romance depends on the overall quality of the relationship. "Younger men tend to be more self-absorbed and egotistical. They can also be more insecure. But after a certain age, they tend to make more of an effort," says Matcheswalla.



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Jimmy Fallon blushes as Kate Hudson jokes about his crush on her during 'Almost Famous'

By www.mid-day.com
Published On :: 29 Apr 2020 02:52:00 GMT

American actor Kate Hudson recently appeared on a virtual chat on 'The Tonight Show Starring Jimmy Fallon,' and she reminisced the 2000 film 'Almost Famous' and talked with her old pal about how "wild" it is to revisit that time.

According to E!News, the 41-year-old actor and Fallon both starred in the 2000 film 'Almost Famous' but even two decades later, there's a lot to know about what went down during that time. As the two talked about recently appearing on a podcast dedicated to the film, Hudson said, "There were so many things that I forgot... that I remembered while we were doing the interview. It was such a beautiful walk down that time in our lives. What a special experience for everybody that was."

Hudson then reminisced the 'Almost Famous' days and jokingly said, "And then there were relationships that came out of it, which by the way we need to discuss."

The 'The Tonight Show Starring Jimmy Fallon,' host Fallon then shared the story of how he tried to woo the actor years ago but ended up introducing her to her now ex-husband Chris Robinson.

Hudson referred to an older episode from 2018 clip from 'The Tonight Show Starring Jimmy Fallon,' when Fallon revealed to Margot Robbie that he had a crush on Hudson earlier. After which Fallon asked her, "Did you see it?"

She said, "Yes, are you kidding me? I had like 100 people send me that clip. Can I just tell you what happened to me as I was listening to this?"

The 'Raising Heaven' star went on, "I was like, Jimmy... I had no idea like there was no... like I wish people could have been in our body to watch you and I's relationship and friendship because... you gave me no indication."

Fallon answered even as he blushed, "Well, I gave a little indication, I thought we were good together."

She said, "Jimmy if you would have actually made a move, I would have totally gone there. I remember thinking to myself, why has Jimmy never made a move? And then I just kind of realized, 'Oh, he's not into me like that.' And so, then I met Chris."

But Fallon interjected, saying, "That's not the story at all!"

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The Sharp Fall in Indian Rupee: 6 Points to Know

By feeds.equitymaster.com
Published On :: Tue, 14 Apr 2020 00:00:00 GMT

Posted by Equitymaster
      

As the Coronavirus pandemic continues to haunt the global financial markets, the rupee has been hit badly.

The domestic currency has been continuing its downtrend and hit its record low level against the dollar last week.

Here's a timeline showing how the Indian rupee has performed lately and the factors behind it...

  1. Rupee in 2018:

    The Indian rupee was the worst performer in Asia in 2018. As can be seen from the chart below, it fell by around 12% against the US dollar. This was seen due to a strong dollar and high oil prices in 2018. Similarly, the spill-over from the emerging-market turmoil in Argentina and Turkey weighed on the rupee in 2018.

    Indian Rupee: The Worst Performing Currency in Asia in 2018

  2. Rupee in 2019:

    The rupee traded on a volatile note last calendar year. However, for most of 2019, it traded on a negative note against the US dollar.

    While it started the year at 69.71 against the US dollar and also witnessed some uptrend from April 2019 to August 2019, it went on to depreciate during the end of the year. On December 2019, it ended at 71.31 against the US dollar.

    Rupee Trades was Volatile in 2019

  3. Rupee in 2020 So Far:

    On a year-to-date (YTD) basis, the rupee has depreciated sharply against the US dollar. While it started the calendar year 2020 at 71.28 against the US dollar, it is currently trading at 76.27 against the US dollar. This translates to a depreciation of around 7% for the domestic currency.

    YTD Performance of the USD/INR

  4. Downtrend in March 2020:

    The massive sell-off in equities and bonds led to a huge fall in rupee against the dollar in the month of March 2020. Most of the selling pressure was due to the slump in equities and currencies globally.

    Investors were concerned that support measures from governments and central banks may be insufficient to halt the economic damage caused by the coronavirus pandemic.

    Here's how the currency performed in the month of March:

    Huge Depreciation of the Rupee in March 2020

  5. Rupee Hits Record Low in April 2020:

    The rupee fell to a new record low of 76.55 against the US dollar on 9th April, 2020.

    This was seen as a rise in coronavirus cases fanned fears of the government extending the lockdown to contain the pandemic.

  6. Factors Behind the Rupee's Fall:

    Some major factors behind the recent fall in rupee are...

    • Weak sentiments in the currency markets due to global risk aversion
    • Sharp fall in the Indian stock markets
    • Sharp fall in global financial markets due to coronavirus fears
    • Strengthening dollar
    • Thin liquidity due to reduced participation

These are some top pointers on how the Indian rupee has been performing in recent years and amid the coronavirus led stock market crash.

I reached out to Vijay Bhambwani, editor of Weekly Cash Alerts, who is closely tracking the Indian rupee in the current scenario. Here's what he has to say...

    The onset of Corona virus has not been kind to the INR.

    The Rupee futures (USDINR ) opened in March at 72.36 and have closed at 76.61 on April 09 2020. That is a decline of 5.87% in 6 short weeks.

    The implications of the same will be widespread. India is a net importing Country. Everything that we import will now be more expensive. Approximately two thirds of all our imports are fossil fuels. Fuels are what we call multiplier effect commodities. If fuel prices rise at the petrol pumps, everything from fruits, vegetables, grains to dairy and poultry products get expensive.

    That impact will be felt at a later date. I expect the trickle down effect to start appearing in prices after the April-June quarter is over.

    I have already factored in this aspect in my statistical data model and plan to identify such events to generate profitable trading opportunities for my WCA plan subscribers.

Vijay has also talked about the Indian currency in a special edition podcast from Investor Hour. He shares what's around the corner for Indian rupee and how to should position oneself for potential gains.

You can listen the entire episode here...


Speaking of ongoing stock market crash, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can claim your FREE copy here...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

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This article (The Sharp Fall in Indian Rupee: 6 Points to Know) 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.


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Shoaib Akhtar responds to Sunil Gavaskar: There was snowfall in Lahore

By www.mid-day.com
Published On :: 16 Apr 2020 02:15:52 GMT

Former Pakistan fast bowler Shoaib Akhtar responded to Sunil Gavaskar after the former India skipper said that it was more likely to snow in Lahore than a bilateral series to take place between India and Pakistan any time soon. Akhtar pointed out in a tweet that there was indeed snowfall in Lahore last year. "Well Sunny bhai, we did have a snowfall in Lahore last year.. So nothing is impossible," said Shoaib in his tweet which included an image of Gavaskar with his quote and an image of snow in Lahore.

Akhtar was the first to suggest that India and Pakistan should play a bilateral series to raise funds in the fight against coronavirus for both countries. Gavaskar however said in a Youtube chat with former Pakistan captain Ramiz Raja that any possibility of such a series happening is next to nothing. "There are more chances of snowfall in Lahore than bilateral series between India and Pakistan," said Gavaskar in a Youtube chat with former Pakistan captain Ramiz Raja.

"Both teams will keep on meeting in World Cups and ICC tournaments, but a series between them seems unlikely right now." Earlier, Akhtar's suggestion got backing from his former teammate Shahid Afridi. But India's 1983 World Cup winning captain Kapil Dev said that the match wasn't needed because India doesn't need funds.

"The entire world is fighting against coronavirus and we need unity in our region to defeat this common enemy. Such negative comments don't help at all. I don't see anything wrong with Shoaib Akhtar's suggestion for Pakistan and India to play cricket. "Kapil's reaction has surprised me. I expected better from him and feel one should not talk like this in these crisis times. Sport is supposed to bring people together and build bridges. It is pretty disappointing," Afridi had said.

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Equity indices fall by 2.6 per cent as US oil prices dip below zero dollar a barre

By www.mid-day.com
Published On :: 21 Apr 2020 05:42:35 GMT

Equity benchmark indices slipped by 2.7 per cent during early hours on Tuesday in line with Asian peers after US oil prices slipped below zero dollar a barrel in overnight trade.

US crude futures turned negative for the first time in history following a collapse in oil demand as the coronavirus pandemic derails the global economy.

At 10:15 am, the BSE S&P Sensex was down by 870 points or 2.75 per cent at 30,778 while the Nifty 50 edged lower by 248 points or 2.69 per cent at 9,013.

Except for Nifty pharma and FMCG, all sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 5.2 per cent, auto by 5.1 per cent and private bank by 4.3 per cent.

Among stocks, index heavyweight Reliance Industries fell by 3.93 per cent to Rs 1,195.60 per share. Metal majors Hindalco dropped by 8.9 per cent at Rs 106.10 per share while Tata Steel lost by 7.1 per cent and Vedanta by 6.6 per cent.

Auto major Maruti skidded by 6.8 per cent to Rs 4,964.70 per share and Tata Motors by 5.2 per cent.

Private lenders IndusInd Bank, Axis Bank and ICICI Bank dipped by 6.7 per cent, 6.1 per cent and 5.8 per cent respectively.

However, those which gained were Dr Reddy, Cipla, Nestle India, Hindustan Lever and ITC.

Meanwhile, Asia shares were in the negative zone after an overnight tumble at Wall Street with US crude futures turned negative for the first time in history. However, it bounced back into positive territory this morning.

MSCI's broadest index of Asia Pacific shares outside Japan fell half a per cent. Japan's Nikkei fell by 2.26 per cent while Hong Kong's Hang Seng lost by 2.38 per cent and South Korea's Kospi slipped by 1.67 per cent.

Overnight stateside, the Dow Jones Industrial Average closed 592 points lower at 23,650, the S&P 500 slipped by 1.8 per cent to end its trading day at 2,823 and the Nasdaq Composite pulled back 1 per cent to close at 8,561.

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Unfazed! Journalist calmly dodges falling light stands continues live reporting; netizens impressed

By www.mid-day.com
Published On :: 25 Apr 2020 07:29:33 GMT

Keeping calm and focused towards the task in hand is a recommended recipe for success. A journalist from US is being lauded for doing the same. News reporter Kirsten Welker was reporting a live event and remained unfazed even after dodging two light stands that fell near her becuase of strong windy conditions.

Welker wearing a mask was reporting live from Washington DC on a windy day when two tall lighting fixtures fell near her. However, she calmly dodged the falling stands and continued with her reporting, which has impressed netizens across the globe. Ever since the clip went viral, Welker is being hailed as a legend and received several appreciating comments for her commitment.

With many people sharing the clip, even Welker responded to comments she received in a witty manner. When a sports news website shared the clip saying, “First-round pocket presence”, here’s how she responded:

The clip that has received more than 1.4 million views and over 23,600 likes on Twitter was retweeted more than 3,600 times. Users commenting on the video posted about how Welker handle the situation with presence of mind.

What do you think about the video?

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