Raytheon Technologies reported quarterly profit of $1.78 per share, beating the consensus estimate of $1.22 a share. Revenue also beat forecasts and Raytheon said it would not provide a financial outlook at this time due to pandemic-related uncertainty. Raytheon Technologies CEO Greg Hayes joins "Squawk on the Street" to discuss the earnings results as well as how coronavirus has impacted business.

BNP Paribas reported a fall in net income for the first quarter on Tuesday, as it warned the coronavirus has had three "major negative impacts" on its balance sheet.

Virgin Atlantic announced it will cut 3,150 jobs, becoming the airline to announce a reduction in headcount because of the coronavirus crisis.

Washington can feel pretty gridlocked these days. Still, there's a number of bills underway with bipartisan support that could impact your wallet.

UFC President Dana White joins "Closing Bell" to talk about the latest developments in the business.

Andy Callahan, Hostess Brands CEO, joins "Closing Bell" to discuss the company's earnings.

Dhivya Suryadevara, General Motors CFO, joins "Squawk Box" to discuss the company's first-quarter earnings results, closing of the North American plants, auto demand, the path forward and more.

Rob Lynch, Papa John's CEO and president, joins CNBC's Kate Rogers to discuss the company's quarterly earnings, how the company was able to lessen the blow from the coronavirus and its supply chain management.

Jeremy Siegel, finance professor at the University of Pennsylvania's Wharton School, joins "Squawk Box" to discuss the April jobs numbers and what the data means for the U.S. economy.

David Gitlin, president and CEO of Carrier Global, joins "Squawk on the Street" to discuss the company's first-quarter earnings, how the pandemic has impacted business, his expectations for future demand and more.

Glenn Fogel, CEO of Booking Holdings, joins "Squawk on the Street" to discuss the company's Q1 earnings results and how coronavirus has stalled travel plans globally.

David Deno, Bloomin' Brands CEO, joins 'Closing Bell' to discuss what their reopened restaurants look like, the company's first quarterly earnings, what customers are ordering and the April jobs loss number.

Figures from across the men’s professional game including managers, players and a scout, discuss how football will alter

When life has finally returned to normal, I think football will change for the better. We should see the reversal of a power balance that has swung the wrong way for too long, switching it back in favour of the clubs. I would certainly expect that to happen in the divisions below the Premier League, where the financial implications of Covid-19 are hitting particularly hard. Players and agents will have to lower their expectations, and we will see fewer instances of football clubs being held to ransom over deals and contracts.

COVID 19: Impact on newspaper industry

Between April 10 - April 30, 2020, RevOps Squared partnered with SandHill Group to conduct research that will help us understand how financial planning and 2020 forecasts within the SaaS industry have been impacted by COVID-19. This is the summary report of our findings.

Keep on reading: SaaS Financial Impact Research Report: The Impact of a Pandemic on B2B SaaS Companies

Impact of COVID-19 on Indian Economy An Overview Impact on Indian Economy Demand Side Impact Supply Side Impact

With 6,000 cinemas closed, 200 film shoots stopped in March, more than €150 million already lost and more than half of the population signed up to a streaming service, film critic Lisa Nesselson speaks to Eve Jackson about the effect of the coronavirus on the French film industry. They also talk about the revival of the drive-in in these social distancing times and the release of Terrence Mallick's "A Hidden Life" on VOD.

Chancellor Rishi Sunak has told reporters that Covid-19 will cause "hardship ahead".

A total of 583 new COVID-19 cases recorded across the state on Thursday, has taken Maharashtra's total count to 10,498. Meanwhile, the first patient who underwent plasma therapy in the city couldn't beat the infection and passed away late on Wednesday night.

A 53-year-old man, who was admitted to Lilavati Hospital after testing positive on April 20, was the first patient to receive the therapy. Hospital sources said that he was in a critical condition and had been kept on ventilator. The civic body had arranged for plasma therapy, which was given to the patient a couple of days ago, which unfortunately didn't help him in the fight against the infection.

Meanwhile, 26 staff members of Nanavati Hospital have tested positive so far. BJP leader Kirit Somaiya raised an objection and claimed that the hospital administration was being negligent. "I was informed that the hospital is not taking all precautions to ensure that the infection doesn't spread. I have written to the municipal commissioner and I have been told that an inspection will be conducted," said Somaiya.

A civic official from K West ward said that the BMC had visited the hospital earlier and would visit again on Friday. "We carry out inspections every time there is a positive case. Due to the high volume of patients, we cannot close the hospital and management has been asked to sanitise the premises thoroughly. We will inspect the hospital again to check if all the precautions are being followed," said Vishwas Mote, assistant municipal commissioner of K West ward. Hospital authorities, however, refuted the allegations of being negligent. A source from the hospital confirmed that while 26 staff members have tested positive, only four of them were working in the COVID isolation ward. "During contact-tracing, it was revealed that the remaining staff members live in red zones and had contracted the infection from their respective residential areas. They have been kept at the hospital itself and they are being treated free of cost. Most of them are class 3 or class 4 employees and no management employee, including doctors working in COVID wards, have contracted the infection," said an official from the hospital.

However, the cases in Dharavi continued to increase, and on Thursday, 25 new cases were reported. Two positive cases were reported from Mahim. Civic officials said 20 deaths in the city were confirmed on Thursday, of which 16 patients were suffering from other ailments. State health department officials said 180 COVID-19 patients were discharged on Thursday after full recovery. Apart from the 20 deaths in Mumbai, three deaths were reported in Pune, two in Thane and one each in Nagpur and Raigad. Mumbai currently has over 7,000 cases.

10,498
Active coronavirus cases in Maha as of today

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After an engineer in the G north ward tested positive for COVID-19, water supply to residents of Dadar-Mahim is likely to be disrupted for a while. The entire team in charge of repairing the water pipeline has been quarantined.

The engineers and workers of G north ward offices were on essential duty of ensuring water supply, but one of them tested positive for COVID-19 late Tuesday night.

"He was on duty of repairing the water pipeline in Dharavi. In all likelihood, that is how he contracted the virus," one of the employees said.

Soon after the engineer tested positive, the BMC health department quarantined the entire team on April 29, Wednesday, to avoid further transmission. The repair work will restart only after the team gets the all-clear, which will take a while.

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Four more cases of Coronavirus were reported from the APMC market — three in the vegetable and one in the grain market — on Thursday, increasing the uncertainty about the operation of the wholesale grain and vegetable market.

The infected include three traders and one purchaser. APMC already has 24 traders and 16 staff, including security guards, NMMC doctors and a pharmacist, in home-quarantine after they came in contact with an infected person. Besides, 14 others from the market are infected. The spike also raises concerns about the steps taken by the APMC committee to combat the spread of the virus at the cost of nearly a crore.

Shivaji Daund, commissioner of the Konkan division, said, "We are awaiting the Navi Mumbai Municipal Corporation's (NMMC) report on the latest positive cases. Accordingly, we will decide on whether to continue the operations."

A crore spent on precautions

Shashikant Shinde, APMC elected committee member and Mathadi workers union leader said, "Last week, six positive cases were reported at a hotel within APMC premises. It was decided that the market would shut down but due to government pressure, the decision was changed and only the hotel was sealed. Vegetable trucks are directly entering Mumbai. Very few trucks with vegetables, grains, fruits, spices, visit APMC."

Shinde added that according to the government APMC is an essential service and hence cannot be shut down. "I had recently suggested that we keep the market open for just three days of the week. The suggestion was turned down."

Highly placed APMC officials said the committee has spent nearly R1 crore to set up disinfectant spraying machines, a war room, and to get the market cleaned twice a week. Another nearly R50 lakh was spent to make alternative arrangements for 402 stalls for vegetable and fruit vendors in Kharghar, but that won't be utilised as traders feel the market in Vashi is already set.

Market insiders said, "We are using disinfectants and have thermal scanners at the main entrance but nothing can detect asymptomatic false-positive carriers of COVID-19. People coming in contact with such carriers are testing positive. The number will only increase in the coming days."

Another elected member of the APMC committee said, "Another problem is traders placing orders for multiple trucks full of produce.

"We allow only three hundred trucks to enter APMC per day and 300 are parked at the terminal waiting for entry. This shows that some traders are keen on making money during a pandemic."

Security officer infected

Last week, a 50-year-old security officer attached to the Maharashtra Security Board and deployed at APMC, tested positive. Five security guards, three officers, and two clerks attached to the fruit market had come in contact with him and were sent to home-quarantine.

"We were tested two days ago. The report will come in another two days. We are asymptomatic and are in home quarantine. The security officer used to attend meetings and take rounds of the fruit market," said Ishwar Masram, deputy secretary of the fruit market, who is also in home quarantine.

Sources within the market said, "Though it is not clear how the security officer got infected, the buzz in the market is that he attended a meeting organised by a state minister who is recuperating after getting infected. Our concern is that it is practically difficult to trace whom the concerned person came in contact with unless the person has downloaded the government's Ayush application that maps positive patients and their contacts."

"APMC has a staff of 550 people. The concern is that if one tests positive, 10 to 15 people contacts will have to be traced and tested. This means the number of working men will reduce as everyone will have to be quarantined," said Shirish Badgujar, assistant secretary APMC.

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While the COVID-19 cases continue to rise in Navi Mumbai Municipal Corporation (NMMC), the Navi Mumbai police department is having a tough time dealing with rumours. In last four days, rumours claiming Janta Curfew or a complete lockdown resulted in a panic-like situation in various parts of Navi Mumbai. However, alert cops managed to tackle the misinformation by alerting the citizens and booked two people.

Despite the systematic management and strategy, COVID-19 cases in NMMC and Panvel Municipal Corporation area are on the rise with more than 250 cases in Navi Mumbai Police Commissionerate area.

"On the night of April 27, a message was posted on a WhatsApp group that, as cases of Coronavirus had increased in Kamothe, to break the chain, a complete lockdown or Janta Curfew was announced from April 30 to May 3. The message further said that only medical shops and hospitals would function," an officer from Kamothe police station said.

"A police officer was part of the group who alerted us and we immediately started verifying the message which was fake. So we summoned the group admins Amol Shitole and Ganesh Shinde, who were questioned and booked," added the officer.

But as a result of the message, on April 28, several residents came out to buy groceries and other household items. To contain the situation, cops went to every shop and stores to assure people.

The same panic-like situation was observed at Kopar Khairane and Juinagar on Wednesday, after the same message with the name of 'Corona Nirmulan Samiti' went viral – with the only difference being the location. As soon as the message went viral, grocery stores ran dry within a few hours. "We don't know the origin of these messages. But some people deliberately spread such messages, which not only spreads panic but also hampers our tireless work of almost a month" a senior police officer said.

Speaking with mid-day, Sanjay Kumar, Navi Mumbai Police Commissioner said, "We have noticed the spread of messages in the social media groups of non-existent curfew and are dealing strongly with such rumour mongers. People should keep track of official accounts and words about such important decisions."

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Tokyo organizers said Tuesday they have no "B Plan" in the event the Olympics need to be postponed again because of the coronavirus pandemic. Masa Takaya, the spokesman for the Tokyo Olympics, said organizers are proceeding under the assumption the Olympics will open on July 23, 2021. The Paralympics follow on Aug. 24. Those dates were set last month by the International Olympic Committee and Japanese officials after the coronavirus pandemic made it clear the Olympics could not be held as scheduled this summer.

"We are working toward the new goal," Takaya said, speaking in English on a teleconference call with journalists. "We don't have a B Plan." The severity of the pandemic and the death toll has raised questions if it will even be feasible to hold the Olympics in just over 15 months. Several Japanese journalists raised the question on the call.

"All I can tell you today is that the new games' dates for both the Olympic and Paralympic Games have been just set up," Takaya said. "In that respect, Tokyo 2020 and all concerned parties now are doing their very best effort to deliver the games next year." IOC President Thomas Bach was asked about the possibility of a postponement in an interview published in the German newspaper Die Welt on Sunday.

He did not answer the question directly, but said later that Japanese organizers and Prime Minister Shinzo Abe indicated they "could not manage a postponement beyond next summer at the lastest." The Olympics draw 11,000 athletes and 4,400 Paralympic athletes and large support staffs from 206 national Olympic committees. There are also questions about frozen travel, rebooking hotels, cramming fans into stadiums and arenas, securing venues, and the massive costs of rescheduling, which is estimated in Japan at $2 billion-$6 billion.

Tokyo 2020 CEO Toshiro Muto addressed the issue in a news conference on Friday. He is likely to be asked about it again on Thursday when local organizers and the IOC hold a teleconferene with media in Japan. The other major question is the cost of the delay; how much will it be, and who pays? Bach said in the Sunday interview that the IOC would incur "several hundred million dollars" in added costs. Under the so-called Host City Agreement, Japan is liable for the vast majority of the expenses.
"This is impossible to say for now," Takaya, the spokesman said.

"It is not very easy to estimate the exact amount of the games' additional costs, which have been impacted by the postponement." Tokyo says it's spending $12.6 billion to organize the Olympics. But a Japanese government audit published last year says the costs are twice that much. Of the total spending, $5.6 billion in private money. The rest is from Japanese governments.

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A decision on whether to go ahead with June's French Formula One Grand Prix behind closed doors or to postpone or scrap the event will be made in the coming days, organisers said Tuesday. The grand prix scheduled for June 28 is the first race on the revised Formula One world championship calendar with nine races already scrapped or suspended as a result of the coronavirus pandemic.

Following French President Emmanuel Macron's announcement Monday that the lockdown in France will be extended until May 11 and public gatherings banned until mid-July, a spokesman for the race organisers told AFP that they "have been studying all scenarios" including postponement or staging the event behind closed doors.

F1 sports director Ross Brawn said last week he could envisage the start of the F1 season in Europe in July with a race excluding the public.

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Tour de France organisers are working to find a new start date for cycling's biggest race after large public gatherings were banned until mid-July in the latest extension of the French coronavirus lockdown. Originally slated to start from Nice on June 27 and finish in Paris on July 19, there is no chance the event can go ahead as planned and organisers face a mammoth logistical task of rescheduling. So far, organisers ASO have remained silent, but several mayors of the French towns along the planned route say they have been consulted regarding the new dates.

French President Emmanuel Macron said in a televised address Monday that a strict lockdown in France would continue until at least May 11, as public gatherings were banned until mid-July. Tour general director Christian Prudhomme has said riders will need two months after the lockdown ends to prepare for the race. France's Minister of the Interior Christophe Castaner said on Tuesday that ASO had to reschedule or cancel the Tour. "It is up to the organiser to analyse their ability to organise it and reschedule it," Castaner told French radio.

A start in late July or mid-August has been mooted, with some reports suggesting the race could even be delayed until September. The race's route is over 3,000km long, with roughly 500,000 fans lining the roads each day. "Social distancing on the roadside wouldn't be a problem, but in the start towns, at the finish line and in the VIP tents it certainly would," Belgian virologist Marc Van Ranst told Flemish TV channel Sporza on Saturday. Suggestions the Tour could be held without supporters have been ruled out. "The Tour de France is 3000km of smiles," Prudhomme said regarding roadside gatherings.

"We won't run a Tour de France without the fans."

Between a rock and a hard place

Macron's announcement may have caught the organisers short. A late July start for the Tour could be considered too close to the ban on large public gatherings, while the riders would also need to be in peak condition. ASO also organises the Criterium du Dauphine eight-day race, and had been hoping to run that ride through the Alps in late June or early July, but the traditional Tour warm-up has been postponed.

A mid-August start would see the race finish in September, meaning a clash with the Vuelta a Espana. There are only 176 riders on a Tour, but the whole event involves around 4,500 people, with team staff, police and media all moving every day. Cancellation is the worst-case scenario. The "Grande Boucle", as the Tour is known in France, is the central economic pillar which supports the sports' 22 professional teams.

"It's as simple as this. If the Tour does not take place, teams could disappear, riders and staff alike would find themselves unemployed," said Marc Madiot, the chief of French team Groupama-FDJ. The riders are also keen to race, with 2018 winner Geraint Thomas saying he was desperate for the Tour to go ahead. "There are bigger and more important things to sort out first, but as soon as it's safe and ready to go, we (Ineos) would love it to happen," said the Welsh rider.

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With the world pretty much devoid of sports events because of the Coronavirus pandmeic, boxing resumed in Nicaragua with a televised eight-fight card in front of a live, though sparse audience in Managua.

Promoter Rosendo Álvarez, a former two-time world champion, had dismissed the threat of the virus. "Here we don't fear the Coronavirus, and there is no quarantine. The three deaths [reported so far by the Ministry of Health] came from outside and nobody within the country has been contaminated," Álvarez said before the event on Saturday night. But his offer of free tickets appeared to fill only about a tenth of the 8,000 seats in the Alexis Argoello gym. Officials did not announce attendance figures. Alvarez said he signed up the 16 local boxers for the card because they needed to work. "Nicaragua is a poor country and the boxers have to eat. They can't stay shut up in their house," he said.

Meanwhile, in neighbouring or nearby countries the regional Central American Integration System has reported roughly 13,000 cases and about 500 deaths. The Nicaraguan baseball and soccer leagues are still playing, and Saturday's local sports pages included stories on a triathlon and school wrestling tournaments.

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There cannot be a greater feeling for any actor when he's known by the name of the characters he has essayed on the big screen or even the small screen. If Amjad Khan was Gabbar Singh, Amrish Puri was Mogambo, Shah Rukh Khan was Raj and Rahul, Feroz Khan was Arjun. Yes, the Arjun from Mahabharat.

Such was the popularity of the role and such was the impact on people that he was rechristened as Arjun Feroz Khan. You may know him as the villain from a lot of Bollywood films of the 90s but it was this iconic television show that shaped his career and made him a household name. Speaking to Hindustan Times about being selected for the show and how it made history, he spilled the beans on everything.

He said, "It's a proud moment to watch Mahabharat with the present generation. It's a good opportunity for them to know more about their culture. It was a game-changer for Indian television. It impacted people's lives. Due to the lockdown, everyone is at home and they're glued to their television sets to watch epics like Mahabharat and Ramayan. Even my grandchildren are watching it and they're amused to see me shooting arrows."

History isn't made easily so expectedly, getting such a fascinating role wasn't easy for the actor either. He recalls the day when he went for the audition. "I went in and saw actors like Deepak Parashar, Raj Babbar and Govinda, among others there. The auditions for Mahabharat were going on and Govinda told me to give it a shot. I was given two pages of dialogues in Hindi. I told him to read out the lines in Hindi so that I could rewrite them in English."

He added, "A week after when I didn't get a call back, I went to his office. I was asked to wear my costumes and a moustache. I went up to Chopra Saab's cabin in the first floor and he was sitting their along with our writers, Dr Rahi Masoom Raza and Pandit Narendra Sharma and they told me that I've been locked to play Arjun." And as they say, the rest is history! He was addressed as Arjun by everyone, even his mother. What greater validation can an actor ask for?

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Prime Minister Narendra Modi on Monday said the impact of coronavirus will remain visible in the coming months and masks and face covers will be part of life while asserting that the country needs to give importance to the economy as well as continue the fight against COVID -19. The remarks came during his interaction with Chief Ministers via video conferencing to discuss the emerging situation and plan ahead for tackling the COVID-19 pandemic.

"The country has seen two Lockdowns till now, both different in certain aspects, and now we have to think of the way ahead. As per experts, the impact of coronavirus will remain visible in the coming months," Modi said, according to an official release.

COVID-19 impact will remain visible in coming months, need to fight it with impetus on economy: Modi

Read @ANI Story | https://t.co/6eX7vLdAgn pic.twitter.com/aBYrrrTzQy

— ANI Digital (@ani_digital) April 27, 2020

Reiterating the mantra of 'do gaz doori', he said that "masks and face covers will become part of our lives in the days ahead". "We have to give importance to the economy as well as continue the fight against COVID -19," Modi said. The Prime Minister underlined that the lockdown has yielded positive results as the country has managed to save thousands of lives in the past one and a half months.

"India's population is comparable to that of the combined population of several countries. The situation in many countries, including India, was almost similar at the start of March. However, due to timely measures, India has been able to protect many people," he said.

Prime Minister Modi, however, forewarned that the danger of the virus is far from over and constant vigilance is of paramount importance. "Prime Minister Modi added that under the circumstances, everyone's aim must be rapid response. He pointed out that many people are self-declaring whether they have cough and cold or symptoms, and that this is a welcome sign," the release said.

Prime Minister said that we have to give importance to the economy as well as continue the fight against COVID -19. He emphasized on the importance of usage of technology as much as possible and also to utilize time to embrace reform measures: PMO on PM's meeting with CMs pic.twitter.com/cjk9KaY6IQ

— ANI (@ANI) April 27, 2020

The Prime Minister emphasised on the importance of usage of technology as much as possible and also to utilize time to embrace reform measures and on the significance of ensuring that more people download the AarogyaSetu app to bolster the efforts of the country in the battle against COVID-19.

"We have to be brave and bring in reforms that touch the lives of common citizens. People associated with Universities can be integrated on devising ways to fight the pandemic and strengthen research as well as innovation," he said. He also highlighted the importance for states to enforce guidelines strictly in the hotspots i.e. the red zone areas. "The efforts of the states should be directed towards converting the red zones into orange and thereafter to green zones," he said.

On the issue of getting back Indians who are overseas, the Prime Minister said that this has to be done keeping in mind the fact that they don't get inconvenienced and their families are not under any risk. He also urged Chief Ministers to factor in the changes in weather - advent of summer and monsoon - and the illnesses that can potentially come in this season, while strategizing ahead. Union Home Minister Amit Shah reaffirmed the need to enforce lockdown so that maximum lives are saved.

"The Chief Ministers praised the leadership of the Prime Minister during this period of crisis, and also highlighted the efforts undertaken by them in containing the virus. They spoke about the need to keep a close vigil on international borders, and also on addressing the economic challenge and ways to further boost health infrastructure. The leaders expressed gratitude towards the police force and medical staff for the exemplary work done by them in the fight against COVID-19," read the release.

Impact of Coronavirus will remain visible in the coming months, masks & face covers will be part of our life: PM Narendra Modi in his video conference meeting with Chief Ministers pic.twitter.com/aEhVdXnuBx

— ANI (@ANI) April 27, 2020

This was the fourth such interaction of the Prime Minister with the Chief Ministers, the earlier ones had been held on March 20, April 2, and April 11. Today's meeting comes just a week ahead of the scheduled ending of the nationwide lockdown. On March 24, the Prime Minister had announced a 21-day lockdown as a precautionary measure to contain the spread of COVID-19. The lockdown was later extended till May 3.

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A gas leak at a chemical plant in RR Venkatapuram village in Visakhapatnam on Thursday left 11 people dead and several hundred hospitalised. Andhra Pradesh chief minister YS Jagan Mohan Reddy visited hospitals where the victims have been admitted and he announced a compensation of Rs 1 crore for the deceased in the Visakhapatnam gas leak.

The chief minister also announced Rs 10 lakh each to those undergoing treatment on ventilator support, Rs 1 lakh for those who have been hospitalised due to the incident and Rs 25,000 to those who took treatment as out-patients after developing health complications due to inhalation of the styrene vapour.

The chief minister also announced a committee to probe into the mishap and said the government would talk to the LG Polymers management seeking job for the kin of the deceased in any of its businesses.

At the review meeting, the Collector informed the Chief Minister that the gas spread was limited to a 1.5 to 2 km area from the epicentre of the leak and that the locals were evacuated to safety.

After the incident, Prime Minister Narendra Modi chaired a high-level meeting where he discussed at length the measures being taken for the safety of the affected people as well as for securing the site affected by the disaster at Vizag. After chairing the high-level meeting on the Vizag gas leak tragedy, PM Modi also spoke to Chief Minister YS Jagan Mohan Reddy and assured all the required aid and assistance from the Centre to tackle the situation.

While addressing a press conference, AIIMS Director Dr Randeep Guleria said that the chances of the long-term impact of styrene gas, which leaked from a gas plant in Andhra Pradesh's Visakhapatnam are less. Clearing the air about the impact of the gas leak, Dr Randeep said, The chances of long-term impact are less because this compound metabolises and leaves the body quickly. This is an acute exposure rather than a chronic exposure. But we will have to follow up and see. As of now, the data doesn't suggest a significant long-term effect," reports ANI.

Para-tertiary butyl catechol or PTBC, a chemical made in Gujarat's Vapi, is currently being used in Visakhapatnam to neutralise the effect of the gas leak, said an official from the Gujarat government. Ashwani Kumar, secretary in the Gujarat chief minister's office, said that the chemical will be sent to Visakhapatnam on an urgent basis.

A press release from Andhra Pradesh Chief Minister's Office (CMO) said the official machinery swung into action immediately after the incident and evacuated people from the area after rushing those who fell ill to nearby hospitals where they are being treated for respiratory and other ailments.

Smokes rise from an LG Polymers plant following a gas leak incident in Visakhapatnam on May 7, 2020. At least eight people have been killed and several hundred hospitalised after a gas leak at a chemicals plant on the east coast of India, police said on May 7. Pic: AFP

Panic-stricken people rushed out of their homes, only to collapse. Several cattle and livestock also succumbed to the poisonous gas pervading the air. In scenes reminiscent of the Bhopal gas tragedy of 1984, the streets and hospitals of Visakhapatnam were filled with people in panic, scared to breathe and unable to fathom the silent tragedy that struck them.

Prime Minister Narendra Modi also took to Twitter to say that he spoke to officials of MHA and NDMA about the situation.

Spoke to officials of MHA and NDMA regarding the situation in Visakhapatnam, which is being monitored closely.

I pray for everyone’s safety and well-being in Visakhapatnam.

— Narendra Modi (@narendramodi) May 7, 2020

Home Minister Amit Shah took to the micro-blogging site to say the incident is disturbing. He wrote, "The incident in Vizag is disturbing. Have spoken to the NDMA officials and concerned authorities. We are continuously and closely monitoring the situation. I pray for the well-being of the people of Visakhapatnam."

The incident in Vizag is disturbing.

Have spoken to the NDMA officials and concerned authorities. We are continuously and closely monitoring the situation.

I pray for the well-being of the people of Visakhapatnam.

— Amit Shah (@AmitShah) May 7, 2020

Chandrababu Naidu also expressed his condolences to the ones affected in the tragedy.

Been in touch with TDP MLA Ganababu who is personally overseeing the rescue ops since early morning. My heartfelt condolences go to all those who have lost their loved ones and those affected by this terrible tragedy #VizagGasLeak #Visakhapatnam pic.twitter.com/3knevzeemM

— N Chandrababu Naidu #StayHomeSaveLives (@ncbn) May 7, 2020

"Chief Minister is closely monitoring the situation and has instructed the district machinery to take immediate steps and provide all help," said Andhra Pradesh CMO.

The Chief Minister enquired about the gas leak incident and directed the district officials to take every possible step to save lives and bring the situation under control.

The gas leakage took place at LG Polymers industry in RR Venkatapuram village here on Thursday, said Tirupathi Rao, District Medical & Health Officer (DMHO).

(with inputs from agencies)

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Asia's top football competitions will go ahead this year despite the coronavirus pandemic, a senior official told AFP, although games may have to be played behind closed doors. Windsor John, general secretary of the Asian Football Confederation (AFC), said he was confident that the AFC Champions League and AFC Cup would both be completed. Both tournaments, featuring teams from throughout Asia, Central Asia and the Middle East, are on hold until at least the end of June after COVID-19 shuttered professional sport worldwide.

"Both will be played this year. We still have time," John told AFP, adding that new dates for the competitions may be known by the end of April. However, John did not rule out matches being played without fans "if that's what the health authorities need". The AFC is determined for both tournaments to go ahead "for sporting reasons and to fulfil commercial obligations", he said. His comments came after the AFC on Tuesday announced the indefinite postponement of all matches scheduled for May and June due to the virus.

The Champions League, the region's premier club competition, and the second-tier AFC Cup were both halted in March as the pandemic's spread forced governments to impose strict travel restrictions. Both tournaments are on an increasingly tight schedule, with the 32-team Champions League needing to complete four rounds of group-stage matches in July before the postponed knock-out phase begins in August.

The group phase of the AFC Cup will also have to be completed in a rush once matches resume. The finals for both tournaments -- which traditionally take a break in July, to avoid the worst of the Asian summer heat -- are scheduled to take place in November. Domestic leagues remain on hold around the world, including in China where the virus first emerged, but where football shows no sign of returning despite optimism the outbreak is under control.

Asia's extended shutdown, announced on Tuesday, also affects the two-legged women's Olympic qualifying play-off between China and South Korea, which had already been moved to June 1 and 9. June qualifiers for the men's 2022 World Cup and 2023 Asian Cup had been postponed before the AFC's announcement on Tuesday. Asian football was an early sporting casualty of the coronavirus pandemic, before competitions in Europe -- including Euro 2020 -- and the rest of the world were also affected.

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The Spanish football league is all set to resume in June and La Liga's India managing director Jose Antonio Cachaza has revealed that they will resort to maximum testing of players to allay any fears of them contracting COVID-19.

Spain is one of the worst hit countries with around two lakh COVID-19 cases till date.

Most La Liga teams have been allowed to return to training this week after the government eased lockdown restrictions. However, the fear of contracting the Coronavirus is widespread, said Cachaza, for which a four-phase de-escalation programme is being introduced to ensure all players are free of the infection.

"The current week is only for testing of the players and preparing the grounds," Cachaza said in an online media interaction from Spain.

Jose Antonio Cachaza

"Once players are fit to play, we will disinfect the venues. All matches will be played behind closed doors with a maximum of 250 people to avoid any unwanted situation," he added.

When asked what happens if a player tests positive once the season starts, Cachaza said: "That can always be the case. If you see the Bundesliga, they are about to start their season but still have positive cases. We will be ensuring testing at regular intervals as well to keep a check on players." Unlike the English Premier League and the Bundesliga, the La Liga is yet to finalise on a date to resume the season as Cachaza said they are awaiting authorisation from the Spanish government. "We are in constant talks with the government and as of now, we have authorisation to only start with training. Next week, the players will be allowed to train on their own, with a maximum of six players on the pitch. The following week [May 18 onwards], players will be permitted to train in small groups before a return to larger team sessions,"2020-05-08 Cachaza explained.

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Australian tennis star Nick Kyrgios has apparently followed through on a promise to help people going hungry in the coronavirus shutdown, with social media images showing boxes of essential items prepped for delivery.

The controversial Kyrgios, infamously outspoken and known for his fiery on-court antics, said on Monday he would personally drop food on doorsteps after COVID-19 restrictions closed down entire industries, forcing huge numbers of people out of work across Australia. People queueing for welfare payments across the country have been likened to scenes from the Great Depression. "Please don't go to sleep with an empty stomach," Kyrgios, the world number 40, posted on Instagram Monday. "Don't be afraid or embarrassed to send me a private message. I will be more than happy to share whatever I have.

"Even just for a box of noodles, a loaf of bread or milk. I will drop it off at your doorstep, no questions asked!" he said in a post that attracted almost 100,000 likes. His mother, Norlaila Kyrgios, posted on Instagram over the weekend a photo of a table laden with food -- including bread, fruit and canned goods -- with the caption "dining room or food distribution centre".

Images of Canberra-based tennis star's Instagram stories shared on News Corp websites showed boxes of essentials captioned "deliveries in progress". It comes just months after the 24-year-old led a bushfire relief campaign that raised millions of dollars. Kyrgios gave Aus$200 (US$125) for every ace he hit across his home tennis summer, which ran until the end of the Australian Open. Other players and Australian Open organisers jumped on board the fundraising drive, also contributing large sums to people affected by the deadly fires.

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Rafael Nadal said on Sunday that he was "very pessimistic" over a full resumption of the professional tennis circuit which has been halted by the coronavirus pandemic. "From my point of view, I'm very pessimistic that the circuit can resume a normal activity," said the world number two in a virtual chat origanized by the Spanish Federation of Tennis (RFET) involving the team that won last year's Davis Cup.

"In tennis, you need to travel every week, stay in hotels, go to different countries," Nadal said. "Even if it we play without an audience, to organise any event you need a lot of people involved, which cannot be ignored. At an international level I see a serious problem." Nadal said he hoped that restrictions can be relaxed gradually, but added that he was aware that the global health situation is serious. "We have had a very tough month and a half, with many irreparable losses as well as others that are less important that will still bring great suffering to society, I hope only for a few months, at the economic level," he said.

"Many people are going to lose their jobs." "These are sad moments when you see so many people dying," he said. Nadal had already told Spanish radio that he thought it would be "difficult" to stage one of the majors "in the short or medium term." Nadal has been working with his friend Pau Gasol, the Spanish basketball player, to raise funds in the fight the coronavirus. Along with other leading tennis players such as Roger Federer and Novak Djokovic, Nadal is one of the promoters of a plan to create a fund to help low-ranked players who are suffering financially.

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I request you to kindly give me your advise on GST which is going to be implemented very shortly. Thanks and Regards, Varadarajan Kasturi..

With stock prices gyrating every day to coronavirus related developments, the weekend must come as a relief.

Here's a look at how deep the impact has been felt in the global financial markets:

1. Stock markets worldwide saw sharp losses on Thursday, with the benchmark indices on Wall Street and London saw their steepest daily falls since the Black Monday in 1987.
2. In the US, stocks witnessed a sharp sell-off on Thursday.
   • Thursday's dive follows the intense fall on Wall Street seen throughout the week. The S&P 500 triggered the first circuit breaker of the week on Monday after falling 7%. This fall came after the crash in crude oil prices.
   • The markets bounced back Tuesday, only to retreat on Wednesday after the World Health Organization (WHO) declared the coronavirus a pandemic.
   • At the closing bell, the Dow Jones Industrial Average finished down around 2,350 points (down 10%). The S&P 500 plunged 9.5%, while the Nasdaq Composite Index tumbled 9.4%.
   • Stocks were deep in the red the entire session, which was paused for 15 minutes early in the day. Automatic suspension was triggered after the S&P 500's losses hit 7%.
   • On Thursday, equities erased their losses briefly after the US Federal Reserve announced measures to inject an additional US$ 1.5 trillion in cash into financial markets. The announcement, which came after European markets had closed, sent shares higher, but they dropped back by the end of the day.
3. Coming to the European markets now, the main UK index dropped more than 10% yesterday in its worst day crash since 1987. Losses on the UK's FTSE 100 wiped some 160.4 billion pounds in wealth from the market.
4. Frankfurt had its worst day since 1989, the year the Berlin Wall fell, while Paris suffered its biggest one-day loss on record.
5. However, European stock markets rallied this morning. The signs of a US stimulus package helped soothe fears about an economic shock. At the time of writing, European indices were trading mixed. Shares in London were up 4.1%, while the Paris CAC gained 3.5%. However, the Frankfurt DAX crashed 9.3%.
6. Stocks in Asia also saw consistent sharp falls throughout the week. Japan's benchmark Nikkei 225 index closed 6.1% lower today.
7. Shanghai was down around 1% as the number of new cases in China shrunk and people slowly returned to work in the worst-hit areas.
8. In Asia, circuit breakers were also triggered in many exchanges including India, Japan, South Korea, Indonesia, Thailand, and the Philippines this week.
9. Indian share markets saw their biggest ever single day fall this week. The indices today hit their lower circuit limits within 15 minutes of the opening session. This was seen the first time in 12 years that trading in Indian markets had to be halted. The carnage didn't continue, however, as Indian indices recovered after major free-fall as trading resumed after 45-minute halt.
   
   From there on, it was an upward rally as markets went on to witness buying interest and saw their biggest intraday recovery ever.
10. On a year-to-date (YTD) basis, the worst fall has been witnessed by European markets. Here's a view on how the world markets have performed since January 2020.

US Markets			European Markets			Asian Markets
The Dow	Nasdaq	S&P 500	London	Paris	Germany	Hang Seng	Nikkei 225	Shanghai	Sensex
-27%	-21%	-24%	-31%	-33%	-32%	-16%	-25%	-6%	-17%

This worldwide crash has put March 2020 into the history books. Now, how markets perform in the coming days will be something to watch out.



This article (Worst Week for Global Stock Markets: Coronavirus Impact in 10 Points) 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.


Full Article

West Indies cricketers haven't received their match fees since January as Cricket West Indies (CWI) seem to be struggling to generate funds amid coronavirus pandemic which has stalled the game.

According to a report published in ESPNcricinfo, international West Indies men players have not been paid their match fee for the Ireland series at home and the subsequent tour of Sri Lanka in February-March.

Meanwhile, international women players of the country are owed match fees for the four matches they played in the Women's T20 World Cup held in February-March.

"Cricket West Indies is facing a tough time financially," CWI chief executive officer Johnny Grave told ESPNcricinfo. "Whilst all of our contracted players have received their salaries and allowances, and some players have received prize money and match fees, there is still money that is outstanding and we are trying to settle these player payments as a priority."

"We are two months behind making match fee payments," he added.

West Indies players' association secretary Wayne Lewis revealed players have been receiving their allowance salaries but not their match fees.

"The players who are contracted, their monthly salary (and allowances) are up-to-date," Lewis said. "The problem we are having is the retained players in the regional first-class competition have not been paid their match fees for the eight rounds that have been played so far."

Former Pakistan captain Ramiz Raja has also pointed out that it will become increasingly difficult for cricket board across the world to continue giving salaries to players and staff if matches are not held in the near future.

"Cricket fans are starved now and the coronavirus pandemic has brought life to a standstill but I don't think cricket boards can survive for long like this. They can't continue to pay out salaries and expenses without having cricket activities it would be disastrous for them," Raja said in a video uploaded on his Youtube channel.

"I would also urge the Pakistan Cricket Board to think on these lines and hold talks with other boards to see how cricket activities can be resumed even behind closed doors."

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Veteran batsman David Warner believes Australia's upcoming limited-overs tour of England will be scrapped because of the coronavirus pandemic. The Australians were scheduled to play three one-dayers and three Twenty20 matches against England in July. But last week the England and Wales Cricket Board delayed the start of their season until July 1 at the earliest and players may need some warm-up cricket before returning to the international arena.

There has been speculation the tour could be delayed until September, but Warner was doubtful if it would go ahead. "At the moment it's highly unlikely we're going to go over there given what's happened in England," Warner told cricket.com.au. He said the fact British Prime Minister Boris Johnson had been hospitalised with COVID-19 showed the gravity of the problem in the host nation.

"He's back up on his feet now and that's fantastic news, but there's a lot more to this than just sport being played," Warner added. Australia have already cancelled a two-Test tour of Bangladesh in June, and a limited-overs home series against Zimbabwe is also in doubt. Australia are due to host the Twenty20 World Cup in October-November, for which the International Cricket Council has said it is "exploring all options".

Cricket Australia is particularly keen to go ahead with a Test series against India due to be played after the T20 tournament, warning this month it could lose hundreds of millions of dollars if it were scrapped.

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Former India opener Gautam Gambhir feels that Rohit Sharma has made of an impact in white ball cricket as compared to Virat Kohli despite the Indian skipper's staggering statistics in shorter formats. Gambhir however, believes that Kohli will end up scoring more runs than Rohit. "For me, white ball cricket is all about impact. Kohli will end up getting many more runs than Rohit, and Kohli is among the greatest right now but Rohit has an edge over Kohli because of the impact he has," Gambhir said on Sports Tak, according to the India Today website.

Record-breaking stuff
"I think Rohit is the best white ball cricketer in the world right now. He is not the greatest overall but at the moment he is the best. He is the only player to have hit three ODI double hundreds, five World Cup hundreds [in one edition] and he is also the only player, who if he gets past the 100-run mark, makes people feel that he missed a double century [if he gets out]." Comparing Kohli and Rohit further, the 2011 World Cup winner said, "It is very difficult to compare them. Virat is unbelievable. His stats prove that. But when your reputation is such that when you get out after a hundred, people say he has missed out on a double hundred, that speaks volumes about you."

Virat Kohli. Pics/AFP

Rohit, 33, has 9115 runs from 224 ODIs at an average of 49.27 at a strike rate of 88.92. He has 29 hundreds and 43 fifties. In T20Is, Rohit has 2273 runs from 108 matches at an average of 32.62 and a strike rate of 138.78. Kohli, 31, meanwhile, has 11,867 runs from 248 ODIs at 59.33 and a strike rate of 93.25. He has scored 43 centuries and 58 half centuries. Kohli has 2794 runs from 82 T20Is at an average of 50.80 and a strike rate of 138.24.Gambhir felt that former India captain Mahendra Singh Dhoni had a key role to play in supporting Rohit and now it was time for Kohli and Rohit should groom youngsters in the current Indiah team in the same way.

'Groom youngsters now'
"Rohit is the prime example of how a player's fortunes can turn around if he is nurtured by the seniors. I hope the young cricketers in the current generation, be it Shubman Gill or Sanju Samson, they also get the similar kind of support. And now when Rohit is a senior, I expect him to back youngsters."

Gautam Gambhir

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On March 23, 2020, the Turkish Government published a resolution in the official gazette to temporarily reduce the rate of VAT on air passenger transport to one percent.

South Africa has issued a guide on the value-added tax rate increase to 15 percent from 14 percent due to take effect from April 1, 2018.

COVID-19 will lead to fundamental, and possibly, permanent behavioural changes in the way people shop, consume media and how they regard the brands they do business with, said Prabhu Ram of CMR

Companies' success in the next 18 months won't be determined by their growth or profitability, but merely by their ability to survive and not run out of cash

According to figures declared by the Pharmaceutical Export Promotion Council of India (Pharmexcil), pharmaceutical exports registered a growth of 11.21 percent during the first quarter of FY20

Coronavirus news: Fears ran amok that Franklin Templeton closing its six debt mutual fund schemes may trigger outflows from debt mutual funds. However, net outflows were only seen in credit risk and medium duration categories

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

Japan's Chief Cabinet Secretary, Yoshihide Suga, has announced a task force will be set up to consider ways to mitigate the negative impact of the planned 2019 consumption tax rise.

On April 15, 2020, the United States Internal Revenue Service unveiled the "Get My Payment" online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Aid, Relief, and Economic Security Act.

Scientists from the University of Southampton studied the association between BMI and prolonged sickness absence, cutting down at work and health-related

Propionic acid can serve as a potent immunomodulatory supplement to multiple sclerosis (MS) drugs, reports a new study. The findings of the study are published in the journal iCell/i.