Michael Bay clarified that it wasn’t his decision to lay off Megan Fox

The United States recorded Friday its steepest job losses in history over the coronavirus pandemic as Europe moved to keep its borders shut for another month.

ISLAMABAD: Rector International Islamic University Islamabad Dr Masoom Yasinzai is in the middle of a controversy for allegedly receiving dual salary without the notice and prior approval of Board of Governors , Board of Trustees ."I received an honoraria for giving consultancy to a Saudi...

ISLAMABAD: Federal Minister for Planning, Development, Reforms, and Special Initiatives Asad Umer Friday said Pakistan would be manufacturing its own ventilators in next two months. Talking in a private news channel programme, he said Pakistan had taken all possible measures to fight against the...

The pandemic reinforces the need for reliable energy services to support healthcare. Clean, renewable power is a good place to start.

Two people had the dubious distinction of being the first to wear electronic tags on their wrists for violating quarantine rules. Health authorities said the two were wearing the devices from 6 p.m. Tuesday and will have to keep them on for the rest of their self-quarantine period. One was caught in...

U.S. stocks closed higher Thursday as investors appeared more optimistic about an economic recovery. The Dow Jones industrial average, S&P 500 and Nasdaq Composite Index were all up 1 percent.  For the tech-heavy Nasdaq, Thursday's close put it back in positive territory for the first time ...

Genres: Thriller Running Time: 106 min. Directed by: Francis Annan Starring: Daniel Radcliffe, Ian Hart Synopsis: Based on the real-life prison break of two political captives, Escape From Pretoria is a race-against-time thriller set in the tumultuous apartheid days of South Africa.

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Microchip Announces the 53100A Phase Noise Analyzer for Precision Oscillator Characterization

Safeguards due diligence reports are prepared as part of safeguard due diligence and review to ensure compliance with ADB safeguard policy due diligence requirements. This document dated May 2020 is provided for the ADB project 51039-002 in Afghanistan.

Safeguards due diligence reports are prepared as part of safeguard due diligence and review to ensure compliance with ADB safeguard policy due diligence requirements. This document dated May 2020 is provided for the ADB project 2020-05-07 in Afghanistan.

Environmental monitoring reports describe the environmental issues or mitigation measures of a project. This document dated May 2020 is provided for the ADB project 43319-022 in the Lao People's Democratic Republic.

The Philippines’ Department of Health (DOH), with support from ADB, has set up a new laboratory in Pampanga province, north of the capital Manila. It will significantly increase the government’s testing capacity for COVID-19...

ADBI, CCAF, and the JBSEEL are offering an 8-week Online Course on Fintech & Regulatory Innovation and related scholarships for select policy makers from Asian Development Bank developing member countries.

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The coronavirus lockdown wiped out 20.5 million US jobs in April, destroying nearly all the positions created in the previous decade in the world's largest economy, the country's labour department reported on Friday.

The unprecedented collapse drove the unemployment rate to 14.7 per cent — well beyond the peak hit in late 2009 during the global financial crisis — from 4.4pc in March.

And job losses in March were worse than initially reported, falling 870,000 even though the business closures mostly happened in the second half of the month.

The plunge in non-farm payroll employment was the largest ever recorded since 1939, while the jobless rate was the highest and the biggest increase since 1948, the report said.

Employment fell sharply in all major industry sectors, with particularly heavy job losses in leisure and hospitality, the first sector hit and the one bearing the brunt of the impact of the lockdowns.

However, the labour department noted that the some workers were misclassified in the report as employed when they should have been counted as laid off.

Had they been listed properly, the unemployment rate would have been nearly five percentage points higher.

Meanwhile, US President Donald Trump downplayed unprecedented US job losses, saying they were not a surprise.

“It's fully expected, there's no surprise. Somebody said, 'oh look at this,'” he said on Fox News minutes after the labour department published the figures.

“I'll bring it back,” he said.

CHANDIGARH: TDI Investors Association, which includes 70 member investors from Chandigarh, on Wednesday created a row, alleging that the owners had cheated them of Rs 150 crore. The association, in a press conference, alleged that a legal agreement was signed between the company and the members in 2005 after which they paid 80% of the cost for showrooms in the mall and were promised possession by 2008. The members blamed the company of not giving them possession till date and neither paying them the returns. The project includes 70 shops varying from 400 sq ft to 1,000 sq ft. TDI chairman Ravinder Taneja, however, trashed the allegations, blaming the authorities […]

Making himself Exhibit A for reopening the country, President Donald Trump visited an Arizona face mask factory Tuesday, using the trip to demonstrate his determination to see an easing of stay-at-home orders even as the coronavirus remains a dire threat. Trump did not wear a mask despite guidelines saying they should be worn inside the factory at all times.

ADB has approved a $100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system.

The Philippines’ Department of Health (DOH), with support from ADB, has set up a new laboratory in Pampanga province, north of the capital Manila. It will significantly increase the government’s testing capacity for COVID-19...

In full protective gear, two doctors climb the stairs four at a time. Their first task of the day: to test a woman who has had contact with a coronavirus patient in Istanbul.

The project’s targeted outcome was improved access to social and economic facilities in the project areas, particularly in education and health services, and transport hubs in Timor-Leste. These were to (i) rehabilitate 232 kilometers (km) of priority roads; (ii) develop and implement a new road maintenance program; (iii) improve border post facilities; and (iv) provide consulting services and technical assistance (TA) in all aspects of project development and implementation.

The program aimed to increase the role of women entrepreneurs in economic development and address constraints they and micro, small, and medium-sized enterprises (MSMEs) faced. The program had two components—a policy-based loan (PBL) and a financial intermediation loan (FIL) — each at $20.0 million. The program was supported by a technical assistance (TA) capacity building component of $0.6 million.

The Bishkek–Torugart road serves several important functions. It is part of the CAREC Corridor 1(c) extending from Troitsk in the Russian Federation to Kashi in Xinjiang Uygur Autonomous Region of the PRC, and is the shortest route from Bishkek to Kashi. It is the only north–south trunk road in the central Kyrgyz Republic connecting Naryn oblast, the poorest of the Kyrgyz Republic’s seven oblasts, and the city of Naryn to the rest of the country. It is the only road providing direct access to Issyk Kul Lake region, which is one of Central Asia’s well-known tourist destinations.

Transport systems provide arteries for efficient movement of people and goods in a well-functioning economy. The Asia and Pacific region has witnessed brisk economic growth and social development leading to increased mobility and urbanization. Rapid growth and urbanization creates pressure on transport system and services, which need to keep up not only to sustain the economic growth, but also to ensure much needed equitable access and quality services for all sections of the society.

The Madhya Pradesh Power Sector Investment Program in India was a multitranche financing facility (MFF) designed to support Madhya Pradesh state’s sustainable economic growth and social development by investing in the statewide power transmission and distribution networks. The MFF supported the state government in expanding its power transmission, distribution, and management infrastructure and capacity.

ADB has a vacancy for the position of Intern - Office of the Director General, EARD - 2002 in the East Asia Department. The deadline for submitting applications is on 15 September 2019.

ADB has a vacancy for the position of Director General in the Private Sector Operations Department. The deadline for submitting applications is on 15 May 2020.

ADB today approved a $200 million loan to pilot an integrated approach to river restoration in one of the tributaries of the Yangtze River Basin in the PRC. The project in...

ADB has approved a $100 million loan for a demonstration project that will help clean up the Xin’an River in Anhui Province in the PRC. The project will also pilot an innovative financing mechanism to reduce rural pollution...

A peer to peer discussion on how ADB works with the private sector to fill the investment gaps and finance facilities that generate and distribute clean energy.

ADB's Women Entrepreneurs Finance Initiative (We-Fi) has been instrumental in empowering and creating opportunities for women-led small and medium entrepreneurs in Sri Lanka. Nelum's story is one of the testaments to this.

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Rep. McSally Visits Microchip Executives to Discuss Semiconductor Supply Chain Resilience in the U.S. Amid Defense Industrial Base Report Findings

Northern Arizona University Recognizes Microchip CEO With Honorary Doctorate Degree

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ADB’s private sector operations aim to achieve development impact while ensuring profitability and commercial success for clients.

The Health Sector Development Program, supported by the ADF facility and additional ADF grant funding for a total of $20 million, is improving primary health care delivery and information systems in Bhutan.

The Second Investment Climate Improvement Program has included help for the government in constructing the policy, legal, and financial framework needed to encourage, negotiate, and close agreements for sound PPPs.

With the Narendra Modi government taking charge on Tuesday, real estate players hope the sector will get due priority, which will help bring the economy back to 8-9 percent growth. “The new government will pave way for realty reforms and take concrete steps to implement its promise given in the BJP manifesto to ensure housing for all in eight years,” Confederation of Real Estate Developers’ Associations of India (Credai) Lalit Kumar Jain said. The merger of Housing and Urban Development Department will ensure coordination and proper control, he said. “The new government will bring in a positive change to developers and buyers in the otherwise dark era that has been […]

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The real estate sector is pinning hopes on the new government for revival. Confederation of Real Estate Developers Association of India (CREDAI) Chairman Lalit Kumar Jain expressed hope that the new government would bring in a positive change to real estate developers and buyers by introducing reforms given the challenges of slump in sales, high prices and liquidity crunch that the sector has been facing. ‘Housing for all’ “We expect the government to take concrete steps to implement its promise given in the BJP manifesto of ensuring ‘Housing for All’ in eight years,” he added. For an immediate plan of action, Jain suggested efficient and accountable governance in building approval […]

Nine years after it was formed, New York-based Brahma Management has lined up big investments for the Indian real estate market . Brahma, an FDI-funded investment and asset management company, has already invested around Rs 2,500 crore in the sector and has plans to put in another Rs 3,000 crore over the next two years. So far, its investments in the realty sector include Gurgaon-based projects Brahma City and Athena, and The Valley, a joint venture township project in Panchkula. While Athena is a retail and commercial office center, Brahma City is a gated township spread over 150 acres of land. Indian real estate market has been facing strong headwinds […]

NEW DELHI: Real estate developers and property consultants today welcomed the RBI decision to cut statutory liquidity ratio (SLR), saying this would enable banks to lend more to industry, including cash-starved realty sector. However, developers demanded easing of interest rates to boost housing sales. RBI today decided to keep the key policy rate unchanged but slashed statutory liquidity ratio (SLR) by 0.5 per cent to unlock about Rs 40,000 crore into the system. “The RBI’s move to cut SLR by 50 basis points to 22 per cent will give banks more headroom to lend and thereby spur lending in future. However, the much anticipated cut in rates would have been […]

In his first full-fledged review of the monetary policy, Reserve Bank of India (RBI) Governor Raghuram Rajan stuck to the continuing hawkish stance of inflation control first, which has seen the repo rate go up by another 25 basis points. The repo rate is the rate at which the central bank lends money (liquidity) to the financial system, and is the key policy rate. After the RBI action on October 29, it stands at 7.75 per cent. The most rate sensitive sector that always watches the central bank’s action closely is real estate. Equated monthly instalments (EMIs) are the biggest expense for a typical household, and with the floating interest […]