Labour’s shadow foreign secretary says coronavirus crisis exposes ‘myth of exceptionalism’

• Coronavirus – latest updates
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Lisa Nandy has said the government’s “go it alone” approach left Britain unable to to prepare for the coronavirus crisis as she urged Boris Johnson to spearhead international cooperation to create and distribute a vaccine.

In her first newspaper interview since becoming shadow foreign secretary, the former Labour leadership candidate said the aftermath of the pandemic should mark a “serious reckoning” about Britain’s role in the world. She criticised the “myth of exceptionalism”, which she said was part of the country’s self-image.

Security council had spent weeks seeking resolution but Trump administration opposed mention of organization

The US has blocked a vote on a UN security council resolution calling for a global ceasefire during the Covid-19 pandemic, because the Trump administration objected to an indirect reference to the World Health Organization.

The security council has been wrangling for more than six weeks over the resolution, which was intended to demonstrate global support for the call for a ceasefire by the UN secretary general, António Guterres. The main source for the delay was the US refusal to endorse a resolution that urged support for the WHO’s operations during the coronavirus pandemic.

Mike Pence’s press secretary tests positive to coronavirus; China reports one new case; Russia reports 10,000 new cases for sixth day in a row

• Coronavirus – latest updates
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Donald Trump has said coronavirus will “go away without a vaccine” and is expecting 95,000 or more deaths in the US, as Mike Pence’s press secretary tested positive for coronavirus.

The president’s comments, at an event with Republican lawmakers, capped a horror week in the US, in which it was revealed unemployment had risen to 14.7%, up from 3.5% in February, with 20 million people losing their jobs in April.

Women and children are experiencing unprecedented levels of abuse and violence at home as stress and anxiety continue to mount due to the pandemic.

Key maps and charts explaining how the respiratory virus has spread around the world and how it is being dealt with.

New study finds a growing number of places with intolerable conditions

Roshan Bhondekar's The Shoes in association with Envision Film Studio production wins big at the Global Film competition in San Diego (California), the USA for recognition for Liberation/ Social Justice/Protest and also got an official Selection in F5: FPP Financial Focus FilmFest, Florida - the United States for Audience Choice Award.

Roshan is a well-known author from a small village in Maharashtra, India who started off as a blogger has now gained global recognization for his huge body of work. His journey from a small town in India to Spain has been a total inspiration. Owing to his impeccable writing skills, The Shoes went ahead to win audiences' hearts and has bagged accolades internationally for its soul-touching storyline.

Shot completely in Spain, The Shoes is a story based on a child's right to have a dignified and secure life. The short film throws light on the global child education and poverty and going by the current coronavirus pandemic, it is essential to take the right measures to cope up with poverty and lack of child education, especially girl child education.

Roshan has also written books like The Frame: An Art of Optimism and Love - The Key to Optimism: Path Towards Happiness. He is best known as an International Author, Columnist, Speaker & Creative Director.

Back in 2017, Roshan was the Vice President of Hope India NGO. Also known for his prime responsibilities at the NGO were to drive the initiatives for skill development, women empowerment, human rights, and education at the national level.

Not only The Shoes but Roshan Bhondekar's Hausla Aur Raste, an Indian short film, too won prestigious awards during International film festivals, one during the Delhi Shorts International Film Festival as 'Special Festival Mention', in India and another one as 'Best 1st Time Filmmaker' Award during Mediterranean Film Festival Cannes.

It has always been a delight to witness Roshan's craft of work and the world is looking forward to seeing more such inspiring content in the coming years.

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The floods have receded and the sun is shining brightly overhead. Sweat beads trickle down our brow as our taxi manoeuvres past bikers, trucks and pedestrians who seem to give two hoots about the incessant honking. Our journey ends outside Sitaram Building, where, in the past, many of us have stumbled in and out of Zaffran in the wee hours, looking to feed our hungry selves after a night of partying.

The restaurant was the brainchild of two friends, Chetan Sethi and Munib Birya, who met at Sophia College during their hotel management course in 1996. At 23, they pooled in finances to open a Mughlai restaurant at Crawford Market in 2003. "It was not even considered close to the hip neighbourhoods like Colaba," laughs Sethi, who mans the kitchen.

Mutton Pepper Kulcha

On the plus side, rent was low and the duo realised that there would be no dearth of clients, with shoppers, traders and office-goers thronging the area every day. "There were only Irani and Udupi restaurants in the neighbourhood back then," reminisces 38-year-old Sethi , confessing that they were initially met with resistance. "Even friends weren't ready to come to Crawford Market. Then, people started ordering in. We always believed that people will go anywhere for good food," Birya says, finishing the thought.

Fourteen years later, they are ready to launch version 2.0 of Zaffran, paving the way for Ustaadi, which will serve global fare, in addition to Indian cuisine. Spread across 7,000 sq ft with separate smoking and non-smoking sections, it also houses a kids' play area, with toys, a jungle gym and cartoon films on offer. At the table, the little ones will be served in colourful, kid-friendly plates, and a special Chhote Ustaad menu is also in the pipeline.

Kacha Keri Margarita

"We transitioned without shutting the restaurant. Zaffran has been a flag-bearer of wholesome Mughlai and North Indian cuisine; now, we are ready to offer more," explains Birya, who handles the front office and operations.

Old gives way to new
Climbing up two flights of wooden stairs, we walk into the familiar underground den-like space, with walls that mute the noise of the market outside and create a cosy cocoon. Warm yellow light from rustic bronze chandeliers sets the mood, highlighting select walls that have a story to tell. "While we believe in the mastery of art, we are celebrating 'ustaadi' across fields like photography, music and fashion. One section celebrates the mastery of writing with books adorning the walls," says Birya.

Balinese Spiced Banana Leaf Basa

Warning: the menu is vast, divided into five sections -- All-Day Breakfast and Pizza, Indian, Asian, Cosmopolitan, and Desserts. We begin our meal with Pulled Raan Bao (R375), Butter Chicken Bao (R325) and Balinese Spiced Banana Leaf Basa (R395). The Pulled Raan Bao is spicy, cushioned between a sweet bao that takes the sting out of the chilli. The Butter Chicken version is milder and flavourful.

We unwrap the basa to find it swimming in a coconut curry spiced with Balinese yellow chilli. The steamed fish is creamy, and melts in the mouth. Skilfully executed, the dish is simple, authentic flavours. We also recommend a new entrant in the Indian section, the South Indian-style Mutton Pepper Kulcha (R165), which comes oozing with butter and is garnished with rocket leaves that give it a crunchy finish. We wash this down with a Kacha Keri Margarita (R175).

Belgian Chocolate Roll

For the main course, there is Indonesian Nasi Goreng (R395), which comes with prawn skewers in a green sauce, prawn chips and an egg. Made using jasmine rice, it's a well-balanced dish with the flavours and textures of garlic, ginger, chillies and soy. We savour the slightly fiery aftertaste it leaves on our lips.

The Saffron Mushroom and Asparagus Risotto (R375) is creamy, and the al dente Arborio rice, earthy fungi and sharp saffron make it a delightful combination. We end the meal with a Belgian Chocolate Roll (R195), a gooey chocolate cake that comes covered in a nutty caramel-cracker coating. It immediately brings to mind Cooper's Fudge from Lonavala.

Munib Birya and Chetan Sethi 

Although flaunting a new menu, Ustaadi retains Zaffran's thought of offering filling, value-for-money fusion and authentic dishes. "No small plate ever fed a customer," laughs Sethi, confessing that they are looking at taking the brand overseas.

Mistaken identities

Pics/ Suresh Karkera, Tanvi Phondekar

It has been an eventful ride, the duo agrees. Hailing from a five-star hotel background where they had duties chalked out, their biggest challenge was venturing out on their own. But they learned on the job, and managed to create a cult following among young diners. Before signing off, they share an anecdote. "Sometimes, guests would walk in, and on noticing there was a wait, they walked up to us, claiming to know 'Munib' or 'Chetan' personally, and demanding to meet them. They didn't realise they were speaking to exactly Munib and Chetan."

YouTubers in the PUBG Mobile scene in India. Godnixon mostaly famous for his tips & tricks videos where he shows various unique ways in which you can make the best possible use of the area/buildings be it bridges, squad houses, triple storey builds, warehouses and so on. With over 845K subscribers on YouTube and around 60+ million views on his YouTube channel, he is one of the mainstream content creators out there for PUBG Mobile.

Amazed by the quality of content available on his channel, Fnatic India has decided to take GodNixon overboard as their content creator. Is this a move to help the Fnatic PUBG squad perform better than their performance right now with some help from one of the best content creators out there? Or is it just that they want to take a step forward in a positive direction so as to create more opportunities for budding content creators out there?

GodNixon is one of the figureheads of the Indian PUBG Mobile community and was chosen as the country representative for India during PMCO in 2019. In the announcement video, he revealed that at the moment he is stuck in a hotel in Bangalore as the entire country is under lock down and he can’t get back home. As a result, he hasn’t been able to release content as regularly as he would like to. However, he did mention that we can expect a variety of content from both him and Fnatic in the near future.

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The Academy of Motion Pictures Arts and Sciences better known as Oscars on Wednesday remembered the internationally acclaimed Bollywood actor Irrfan Khan and also condoled his demise.

"A mainstay of Bollywood cinema and incredible talent in films like 'Slumdog Millionaire,' 'Life of Pi' and 'The Namesake,' Irrfan Khan left his imprint on global cinema. An inspiration to millions, he will be greatly missed," tweeted the Academy.

Khan's 'Slumdog Millionaire' is a recipient of the Oscar award in many categories.

The last rites of the 'Life of Pi' actor were performed at the Versova cemetery earlier today.

The internationally renowned actor passed away at Mumbai's Kokilaben Hospital on Wednesday while battling rare cancer. He was 53. Irrfan was last seen on screen in 'Angrezi Medium'. He was not a part of the film's promotions owing to his ill health.

With critically acclaimed films like 'The Lunchbox' and 'Paan Singh Tomar' to his credit, Irrfan was regarded as one of the finest actors in Hindi cinema.

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A chance to play with him, have lunch and watch a game of football from the owners box. David Beckham, part owner of the Major League Soccer club Inter Miami, is auctioning off all that stuff. Former England captain and Manchester United legend Beckham is doing this as part of the league's participation in the All In Challenge, which raises money for organisations that are helping feed the hungry during the coronavirus pandemic, including Meals on Wheels, No Kid Hungry, America's Food Fund, World Central Kitchen and Feeding America.

The MLS season is suspended from March 12 with the deadly virus causing havoc in the United States. Earlier this month, Beckham had expressed gratitude towards all the frontline workers who are risking their lives in the fight against the coronavirus pandemic, saying it was "another week of hard work". Beckham had taken to Instagram to post a video story in which he was seen clapping along with his family.

"Managed to set the phone up this week to get the whole family showing our appreciation for all the frontline workers and our brilliant NHS. Thank you for another week of hard work. #ClapForOurCarers," Beckham had written in his Instagram story.

The entire world has come to a standstill amid the ongoing coronavirus outbreak. Sports activities have also taken a big hit and almost all the events have been postponed or cancelled, including the Olympics.

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The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens."

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

The worldwide death toll from the novel Coronavirus pandemic rose to 160,685 on Sunday, according to a tally from official sources compiled by AFP. More than 2,334,130 declared cases have been registered in 193 countries and territories since the epidemic first emerged in China in December.

Of these cases, at least 518,900 are now considered recovered. The tallies, using data collected by AFP from national authorities and information from the World Health Organisation, probably reflect only a fraction of the actual figures.

Only serious being tested
Many countries are testing only the most serious cases. In the US, now the worst-hit country, the death toll stood at 39,090 with 7,35,287 infections. At least 66,819 patients have recovered. Italy is the next most-affected country with 23,227 deaths and 1,75,925 confirmed infections.

It is followed by Spain with 20,453 fatalities and 1,95,944 infections, France with 19,323 deaths and 1,51,793 infections and Britain with 15,464 deaths and 1,14,217 cases. China — excluding Hong Kong and Macau — has to date declared 4,632 deaths and 82,735 cases.

Europe has listed 1,153,148 cases and 101,493 deaths to date, the US and Canada together have 7,68,670 cases with 40,619 deaths, Asia 1,62,256 cases with 6,951 deaths, the Middle East 1,22,819 cases with 5,559 deaths, Latin America and the Caribbean 98,202 cases with 4,915 deaths, Africa 21,165 cases with 1,058 deaths and Oceania 7,879 cases with 90 deaths.

2,334,130
No. of people infected worldwide

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Almost 1.6 billion workers in the informal economy, nearly half of the global workforce, face an immediate danger of losing their livelihoods due to the continued sharp decline in working hours because of the COVID-19 outbreak, the International Labour Organisation (ILO) has said. Over 430 million enterprises in hard-hit sectors such as retail and manufacturing risk "serious disruption", the UN agency added. The findings appear in the ILO Monitor third edition released on Wednesday.

Globally, there are some 3.3 billion workers. Two billion have jobs in the informal economy, the most vulnerable workers in the labour market. ILO said 1.6 billion in the informal economy "have suffered massive damage to their capacity to earn a living" as a result of the economic meltdown triggered by the COVID-19 pandemic.

Due to lockdowns or because they work in hard-hit sectors, these workers globally have seen a 60 per cent drop in income during the first month of the crisis. This translates into a over 80 per cent decline in Africa and the Americas, 70 per cent in Europe and Central Asia, and 21.6 per cent in Asia and the Pacific, the ILO said.

The ILO called for "urgent, targeted and flexible measures" to support both workers and business, particularly smaller enterprises and those in the informal economy.

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[Source: Research & Innovation] A total of 117 innovative solutions to tackle the coronavirus have been selected as winners of the European Innovation Council-led #EUvsVirus Hackathon.

The fund house said the remarks made by Jenny Johnson, president and CEO, Franklin Templeton during their quarterly earnings call were quoted "out of context" by media outlets

Inmarsat, together with Global Marine Networks and Network Innovations, announced on February 22 that the trial of Fleet Xpress in Antartic waters was a success. The service – the world's first globally available high-speed broadband service from a single network operator – was installed on board the adventure cruise ship Ocean Nova.

The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS).

Governments raised about USD33bn in carbon pricing revenue last year, a 50 percent increase from 2016, according to a new update by the World Bank.

Three years on from the commitments made at the 2015 United Nations Climate Change Conference (COP21) in Paris, the overwhelming majority of governments have not taken the necessary action to contain growing risks to the climate, says the OECD. It said, with emissions on the rise again, OECD governments need to get serious about shifting their economies to a low-carbon model and stop investing in carbon-intensive infrastructure.

The OECD has reported on the progress achieved to improve tax transparency internationally under the new Common Reporting Standard (CRS), ahead of the meeting of G20 finance ministers in Fukuoka, Japan.

Highlights: World Encephalitis Day is celebrated annually on 22 nd February Its major objective is to raise awaren

The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges.

200 delegates from more than 90 delegations met in Yaoundé, Cameroon, on November 15-17, 2017, for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions.

G7 finance ministers have said that there is an urgent need to address the tax challenges posed by the digitalization of the economy.

Oral health has been separated from routine healthcare and health policy for too long, despite the fact that oral diseases constitutes a major global

Tokyo, Japan (March 21, 2014): A research program that pinpointed how perverse subsidies were causing India to export virtual water has won the coveted ‘Water for Life’ UN-Water Best Practices Award. The IWMI-Tata Water Policy Research Program (ITP), a partnership between the International Water Management Institute (IWMI), Colombo, Sri Lanka, and the Sir Ratan Tata […]

Study finds irrigation more common on city farms than rural farms, intensifying water demands in sprawling urban zones.

A new initiative seeks to unite organizations to promote sustainable groundwater management.

Dr Claudia W. Sadoff announced as IWMI's next director general.

Researchers analyzed data with geographic information systems (GIS) rather than depending on case study results, as in previous studies.

The call to action highlighted in Nature this week cites recent scientific breakthroughs on groundwater’s vital role in supporting rivers globally.

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

According to Karen Villholth, a principal researcher focusing on groundwater for the International Water Management Institute, poorer rural communities in South Africa similarly struggle with groundwater issues — a problem exacerbated by the recent drought that has stricken the country.

A new research has revealed that a nuclear war between India and Pakistan could, over the span of less than a week, kill 50-125 million people--more than