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Bezos loses $7 billion overnight, $18 billion in a month, as market sells off on coronavirus fears

Concerns over coronavirus have roiled markets and torched hundreds of billions in paper wealth from the world's billionaires over the past month. But last night's declines could be the largest overnight wealth loss in nearly a decade.




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Egyptian billionaire Naguib Sawiris sees oil at $100 in 18 months, says he would buy airlines

Egyptian billionaire Naguib Sawiris said he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all airline stocks at the firm's annual meeting on Saturday.




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The Week That Was: 20.5 million jobs lost in April, unemployment near 15%

CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.




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United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic

United Airlines had reported a first-quarter pretax loss earlier this month.




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Apple now has $192.8 billion in cash on hand, down from last quarter

Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic.




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Exxon loses $610 million in the first quarter on write-downs tied to plunging oil

Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows.




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Warren Buffett's Berkshire swings to massive $50 billion net loss after coronavirus pummels stock investments

Berkshire's first-quarter net loss totaled $49.75 billion. A year earlier, net earnings totaled $21.66 billion.




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

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




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General Motors ekes out $294 million profit in the first quarter despite crippling production and sales from coronavirus

The Covid-19 outbreak cut deeply into GM's performance, costing the largest U.S. automaker $1.4 billion before taxes during the first three months.




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Equinor has reduced 2020 costs by $3 billion and is prepared to do more, CEO says

Eldar Sætre, CEO of Equinor, discusses the company's first-quarter earnings.




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Billions at stake on Apple-Google search deal

CNBC's Dominic Chu and PCMag.com Editor-in-Chief Dan Costa talk about the possible impact on Google if its search deal with Apple ends.




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Oil could hit $100 in next 18 months: Egyptian billionaire Naguib Sawiris

Oil prices could rise to $100 in the next 18 months, given that the fallout from the Russia-Saudi oil war has effectively killed the shale industry in the United States for the next year or so, says Naguib Sawiris, chairman and CEO at Orascom Investment Holding.




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Options trader bets $4 million on a major volatility spike

Stocks are breaking out to new all-time highs, but one trader is betting that more volatility is right around the corner.




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Options trader bets $2 million on a monster rally for gold

One options trader is betting on a solid gold rally for the yellow metal into late spring.




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

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




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Jobless claims tally could top 30 million if new filers are close to last week's level

About 4 million workers could have filed for unemployment benefits last week, bringing total claims above 30 million in just six weeks.




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April job losses may top 20 million, weekly jobless claims report signals

The number of continuing jobless claims rose to a greater-than-expected 22.6 million last week, signaling April job losses over 20 million.




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April employment report is expected to show more than 20 million lost jobs and depth of pain as US economy shut down

April's jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the economy's collapse.




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7.5 million small businesses are at risk of closing, report finds

Millions of small businesses will close permanently if disruption caused by the coronavirus pandemic persists, according to a new survey from Main Street America.




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Individual investors pulled $20 million from Fisher Investments following billionaire's sexist comments

While institutional investors have pulled more than $3 billion from the Camas, Washington-based firm in the wake of Ken Fisher's comments, retail clients have had a more muted reaction. Here's why individual investors may be slow to divest.




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Here's what advisors can anticipate amid the $26 billion Charles Schwab-TD Ameritrade tie-up

Investors aren't the only ones watching Charles Schwab's acquisition of TD Ameritrade. Registered investment advisors also want to know what this smaller field of custodians means for their firms and the clients they serve.




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Op-Ed: Here's a game plan to help create retirement security for millions of Americans

As Congress considers ideas in the coming weeks seeking to help America recover from the Covid-19 pandemic, the Insured Retirement Institute has proposed a five-point plan to help American retirement savers enhance their ability to save for retirement today and ways to strengthen their financial security for tomorrow.




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Norwegian Cruise Line CEO talks cruise bookings, raising $2 billion to avoid bankruptcy

Norwegian Cruise Line CEO Frank Del Rio said the troubled company has raised enough liquidity to get through potential 18 months of zero revenues.




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Etsy e-retail sales jump 79%, sold 12 million face masks in April, CEO says

Etsy CEO Josh Silverman discussed the e-retailer's sales swings from March to April and how the company has responded to the coronavirus pandemic.




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Millions at risk after toxins found in Harare water supply, study finds

Unpublished report claims water from contaminated reservoir leaves 3 million in Zimbabwe’s capital at risk of disease

Water being pumped to millions of residents in Zimbabwe’s capital city came from reservoirs contaminated by dangerous toxins, according to a report seen by the Guardian.

A study conducted by South African company Nanotech Water Solutions concluded that the health of 3 million Harare residents may be endangered by the provision of water containing toxins that can cause liver and central nervous system diseases.

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

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America's billionaires are giving to charity – but much of it is self-serving rubbish | Robert Reich

Well-publicized philanthropy shows how afraid the super-rich are of a larger social safety net – and higher taxes

As millions of jobless Americans line up for food or risk their lives delivering essential services, the nation’s billionaires are making conspicuous donations – $100m from Amazon’s Jeff Bezos for food banks, billions from Microsoft co-founder Bill Gates for a coronavirus vaccine, thousands of ventilators and N95 masks from Elon Musk, $25m from the Walton family and its Walmart foundation. The list goes on.

Related: Call for super-rich to donate more to tackle coronavirus pandemic

Why should we believe that Gates or any other billionaire’s 'boldness' necessarily reflects society’s values and needs?

Robert Reich, a former US secretary of labor, is professor of public policy at the University of California at Berkeley and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. His new book, The System: Who Rigged It, How We Fix It, is out now. He is a columnist for Guardian US

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Xbox Game Pass subscriptions hit 10 million

Pay-monthly service sees huge surge in players and gaming time due to Coronavirus lockdown

Microsoft has announced that its Xbox Game Pass subscription service has passed 10 million members. The initiative, which adopts a similar model to Netflix and other streaming platforms, gives subscribers unlimited access to more than 100 Xbox and PC games for a monthly fee.

Commenting on the figure, Xbox chief Phil Spencer said that use of Game Pass, as well as the company’s online multiplayer gaming service Xbox Live, had increased substantially in recent weeks due to Covid-19. “Since March, Xbox Game Pass members have added over 23 million friends on Xbox Live, which is a 70% growth in friendship rate,” he said. “Game Pass members are also playing twice as much and engaging in more multiplayer gaming, which has increased by 130%.”

We saw record engagement in gaming this quarter:
• Xbox Live has nearly 90 million monthly active users
• Xbox Game Pass has more than 10 million subscribers
• Project xCloud has 100s of thousands of active users in preview across 7 countries, with more coming

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US economy loses 20.5 million jobs in April, raising unemployment rate to 14.7%

CNBC's Steve Liesman breaks down the April jobs report, which came in at 20.5 million nonfarm payrolls lost in the month. This is the most historic job loss within a single month.




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I made millions out of the last debt crisis. Now the wealthy stand to win again | Gary Stevenson

We urgently need a fairer tax system so that rich people like me help solve the fallout from coronavirus, not just profit from it


• Gary Stevenson is an economist and former interest rate trader

I made my first million the year Greece went under. I was 24 years old at the time.

I’d attended a presentation given by one of Citibank’s senior economists, in which he explained that government debts of the world’s major economies had grown to dangerous levels, and were continuing to grow. He warned that markets could stop lending to some of these governments, forcing a devastating round of austerity on to already battered economies.

If we repeat 2008, buying a house with one’s own wages will be a thing of the past

Related: Don't expect a snapback for the UK economy after lockdown is lifted | Larry Elliott

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'When a woman raps, she spitting!' Megan Thee Stallion, the hot girl taking over hip-hop

Her freaky, filthy tracks frequently break the internet – most recently with a guest spot from Beyoncé – but the Houston rapper won’t let the internet break her

Given that her lyrical prowess has made her one of the hottest rappers in the US, it’s hardly surprising that Megan Thee Stallion is good at anecdotes. We’re talking over Zoom – Megan looking impeccably high-glam, worthy of a Real Housewives reunion – as she regales me with how she ended up recording a remix with her idol.

“I got a call: Beyoncé wants to do a remix to Savage,” she says, shaking her head with disbelief. “And I was like ... what? Shut up. Shut up. You’re lying. Beyoncé don’t want to get on nothing with me. Come on, it’s me! I know I’m Megan Thee Stallion, but dang!”

I can’t be mad at the next girl for wanting to be the best. Why can't we both agree that we bad?

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Covid-19: Air France-KLM reports €815 million first-quarter operating loss

Two weeks of coronavirus shutdown were enough to hit Air France-KLM with an 815 million-euro ($880 million) first-quarter operating loss, the airline group said on Thursday - predicting demand could take "several years" to recover.






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Nintendo Sees 7.4% Increase in Sales in Fiscal Year 2020, Sells 55.77 Million Switch Units Worldwide

Animal Crossing: New Horizons sells 11.77 million units in 1st 11 days for "best start ever"




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Plate tectonics may have started on Earth 3.2 billion years ago

Rocks from a 3.2-billion-year-old formation in Australia show changes in the direction of their magnetism over time that suggest plate tectonics started earlier than we thought




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Waste water tests could monitor 2 billion people for the coronavirus

We need to scale up testing efforts to tackle the coronavirus pandemic, and looking for signs of virus RNA in our sewage could provide a shortcut




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WHO: If lockdowns go on for 6 months, there could be 31 million new domestic violence cases globally

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





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Coronavirus: Nearly two million claim universal credit

About 8,000 job centre staff have been redeployed to process claims for financial help, minister tells MPs.




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Mission XI Million milestone children at the Jawaharlal Nehru Stadium in New Delhi

Mission XI Million milestone children at the Jawaharlal Nehru Stadium in New Delhi.




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A tattoo of Lionel Messi is seen on the lower leg of one of the Argentinian back room staff

CALI, COLOMBIA - SEPTEMBER 28: A tattoo of Lionel Messi is seen on the lower leg of one of the Argentinian back room staff during the FIFA Futsal World Cup Semi Final match between Argentina and Portugal at the Coliseo el Pueblo Stadium on September 28, 2016 in Cali, Colombia. (Photo by Ian MacNicol - FIFA/FIFA via Getty Images)




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England expects after Young Lions roar in 2017

With England's amazing 2017 drawing to a close, FIFA headed to the Three Lions' national football centre at St George's Park to talk to their two World Cup-winning managers from this calendar year: U-20 coach Paul Simpson and U-17 coach Steve Cooper.




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337 million Indians to use smartphones in 2018



More than a quarter of India's population or 337 million people would use a smartphone in 2018 -- a 16 per cent growth which is the highest rate of any country in the world -- market research company eMarketer said on Thursday.

Since its last forecast, eMarketer increased its estimate for the smartphone audience in India by more than 31 million people.

This uptick is thanks to the growth in smartphone usage in urban areas, where affordable smartphones are becoming widely available, the research firm said in a statement.

"India still faces technological challenges that are holding back mass smartphone adoption. "Mobile Internet speeds are among the slowest in the world, around two-thirds of the population still lives in rural areas and feature phones are by no means obsolete," said Chris Bendtsen, Senior Forecasting Analyst, eMarketer.

Advertisers can still be optimistic about the future.

"Smartphones are getting cheaper, mobile data prices have fallen and urbanisation continues. Over the next four years, as speeds and rural reach improve, eMarketer expects the smartphone audience to reach close to half a billion users," Bendtsen noted.

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever





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'Tokyo Olympics delay will cost IOC millions of dollars,' says president

The International Olympic Committee will face "several hundred million dollars" of added costs because of the postponement of the Tokyo Games, the body's president said. Thomas Bach spoke in an interview with German newspaper Die Welt on Sunday. Estimates in Japan put the overall cost of the postponement at USD 2 billion-USD 6 billion. Except for the IOC portion, all added costs will be borne by the Japanese side according to an agreement signed in 2013 when Tokyo was awarded the Olympics. Bach said it was "impossible to say for now" the extent of the added costs for the IOC caused by the coronavirus pandemic. "We agreed with the prime minister that Japan will continue to cover the costs it would have done under the terms of the existing agreement for 2020, and the IOC will continue to be responsible for its share of the costs," Bach said.

"For us, the IOC, it is already clear that we shall be faced with several hundred million dollars of additional costs." Before the postponement, Japanese organizers put the official cost of the games at USD 12.6 billion. However, a government audit report in 2019 said the costs were at least twice that. All but USD 5.6 billion of it is in taxpayer money. Tokyo said the 2020 Games would cost about USD 7.3 billion when it won the bid seven years ago. On Friday, the CEO of the Tokyo organizing committee said the pandemic left some doubts about the games going ahead next year. "I don't think anyone would be able to say if it is going to be possible to get it under control by next July or not," Toshiro Muto said, speaking through an interpreter.

"We certainly are not in a position to give you a clear answer." Bach was asked about the possibility of another postponement. He did not answer directly, but said later in the interview that Japanese organizers and Prime Minister Shinzo Abe "made it very clear to me that Japan could not manage a postponement beyond next summer at the latest." Bach was also asked if the pandemic provided an opportunity for some athletes to violate the doping rules with no threat of testing. Bach countered that the delay could allow new testing methods to be developed. He also said tests made before the Olympics would be saved for 10 years for retesting.

"No one should feel confident that they don't get caught," he said. Bach was asked about Russia's status for the Olympics in 2021. Last year, Russia was hit with a four-year ban from international sports ¿ including the Olympics ¿ because of a doping scandal. However, many Russian athletes were expected to be allowed to compete if they could show they were clean. "The Russia question is currently under consideration by the CAS, the independent international Court of Arbitration for Sport, so it wouldn't be right for me to comment on it," Bach said. Bach said he had not decided if he will run for re-election next year. He also pointed out that the IOC had insurance that covered a cancellation, but not a postponement. The election will take place in 2021, and Bach is required to notify of his intentions six months before the vote. He was first elected in 2013 and is widely expected to seek another term. "There's still plenty of time," he said.

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Thomas Bach: Postponing Tokyo Games will cost IOC several hundred million dollars

The postponement to 2021 of the Olympic Games in Tokyo because of the coronavirus pandemic will cost the International Olympic Committee (IOC) "several hundred million dollars", its president Thomas Bach said on Wednesday. "We already know that we have to shoulder several hundred million US dollars of postponement costs," the German wrote in a letter to the Olympic movement, warning that, while the IOC would honour its financial obligations to Tokyo, it would probably have to make cuts. "We also need to look into and review all the services that we provide for these postponed Games," he said.

"The IOC will continue to be responsible for its share of the operational burden and its share of the costs for these postponed Games." The IOC, which has approximately $1 billion (926 million euros) in reserves, took the historic decision to postpone the Games, scheduled to open on July 24, until July 23 to August 8, 2021. If the coronavirus pandemic is not brought under control within a year, the Games cannot be postponed again and will be cancelled, the head of the organising committee (COJO) Yoshiro Mori warned on Tuesday.

A task force, which brings together the IOC and various partners, including COJO, "has established the priorities and management strategies to make these postponed Olympic Games feasible and successful", Bach said. These include creating "a safe environment with regard to health for all participants". "At this moment, nobody knows what the realities of the post-coronavirus world will look like," he said. "What is clear, however, is that probably none of us will be able to sustain every single initiative or event that we were planning before this crisis hit." He added that the IOC should also view the crisis as an opportunity.

"We can fairly assume that, in the post-coronavirus society, public health will play a much more important role. Sport and physical activity make a great contribution to health," he wrote. Bach also said the Olympic movement should consider its relationship with esports in light of social distancing.

"Whilst maintaining our principles by respecting the red line, with regard to the Olympic values, we encourage all our stakeholders even more urgently to 'consider how to govern electronic and virtual forms of their sport and explore opportunities with game publishers'," he said.

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Madonna and world leaders raise over $8 billion for Covid-19 relief, reveals she had coronavirus while on Madame X Tour

Singer Madonna and world leaders have raised over $8 billion for Covid-19 relief to help those impacted during this pandemic. Recently, she also revealed that she had tested positive for coronavirus antibodies.

Taking to her Instagram on May 6 to clarify certain things, she wrote, "“I’m Grateful that I can be a part of supporting Research to Find the cure for Covid -19!! And just to clear things up for people who would rather believe sensationalist headlines than do their own research about the nature of this virus—I am not currently sick."

“When you test positive for anti-bodies it means you HAD the virus which I. clearly did as I was sick at the end of my tour in Paris over 7 weeks ago along with many other artists in my show but at the time We all thought we had a very bad flu. Thank God we are all healthy and well now. Hope that clears things up for the band wagon jumpers!! Knowledge is Power," Madonna added.

Madonna has donated $1.1 million for the relief fund. She has also joined hands with the Bill & Melinda Gates Foundation to find a drug that will prevent or treat COVID-19.




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COVID-19: Over 117 million children at risk of missing out on measles vaccines

As coronavirus pandemic deepens, over 117 million children in 37 countries are expected to miss out on receiving live-saving measles vaccine, the United Nations said on Tuesday. Measles immunisation campaigns in 24 countries have already been delayed and more will be postponed, the World Health Organization and the UN children's fund UNICEF said. "Together, more than 117 million children in 37 countries, many of whom live in regions with ongoing measles outbreaks, could be impacted by the suspension of scheduled immunisation activities," Measles and Rubella Initiative (M&RI) said in a statement.

New WHO guidelines endorsed by the Strategic Advisory Group of Experts on Immunisation aim to help countries to sustain immunisation activities during the COVID-19 pandemic. "The @MeaslesRubella Initiative supports recommendations to: temporarily pause preventive immunisation campaigns where there's no active outbreak of a vaccine-preventable disease continue routine immunisation services, while ensuring the safety of communities and health workers," the statement added.

Measles is a highly contagious disease caused by a virus. Before the introduction of measles vaccine in 1963 and widespread vaccination, major epidemics occurred approximately every 2-3 years and measles caused an estimated 2.6 million deaths each year globally. More than 140,000 people died from measles in 2018 - mostly children under the age of 5, despite the availability of a safe and effective vaccine.

The coronavirus has affected 210 countries and territories around the world. There have been 1,391,468 positive cases of COVID-19 globally and 591,751 people have died due to the deadly infection so far.

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Coronavirus Outbreak: African lion cubs make first appearance at Hyderabad Zoo

Two African lion cubs, born a month ago at Nehru Zoological Park here, came out for the first time in a 'day crawl'. According to Nehru Zoological Park Curator, N.Kshitija, this is the first time that the cubs came out since their birth last month.

Lovely moments of the cute cubs spending time with their mother Adhisana were captured on camera by the zoo officials. One of the photographs released by the zoo authorities shows the mother licking her cub. The cubs are also seen playing with each other.

Shutdown for more than 40 days due to coronavirus-fuelled nation-wide lockdown, the zoo brought some cheers to animal lovers with the increase in the big cat population.

The Nehru Zoological Park (NZP), most popular and one of the largest zoos in the country, saw the birth of three Royal Bengal tiger cubs and two African lion cubs in the first week of April. Six jackal puppies and two Blue Gold Macaw chicks were also born.

Meanwhile, NZP officials said they were taking all precautions for the safety of the animals in the wake of the outbreak of Covid-19. It sounded an alert last month after a tiger at a New York Zoo tested positive for the dreaded virus.

The animal keepers and veterinary staff were alerted to monitor the animals, particularly tiger and primates for checking any symptoms of cold, nasal discharge or any symptoms of flu. The officials said the precautionary measures were taken up as per the instructions of Principal Chief Conservator of Forests and Central Zoo Authority (CZA).

The veterinary wing is continuously monitoring the health of animals and checking for any symptoms. Thermal scanning is being done of about 150 Zoo employees engaged in taking care of the animals. The Zoo authorities took several preventive prophylactic measures since the first week of March.

The NZP, which is shut since March 22, is using the services of staff animal keepers, gardeners, security and workshop staff to attend duties for providing feed to the animals, cleaning the enclosures, maintaining hygiene and sanitation, maintaining health of animals and attending emergency maintenance works and services.

Set up in 1963, the NZP is the most popular and one of the largest Zoos with an average of 27-30 lakh visitors annually. It has over 155 species and 1550 specimens in spacious enclosures.

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With net worth of USD 44 billion, Mukesh Ambani top Indian in Forbes world billionaires' list

Reliance Industries' Chairman Mukesh Ambani has been ranked 17th in the latest world billionaires list by Forbes with a net worth of $44.3 billion – once again leading the tally from India's perspective.

Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies. Reliance Jio has signed on more than 340 million customers by offering free domestic voice calls, dirt-cheap data services, and virtually free smartphones, said the report.

The next Indian on the 34th annual list -- veteran Mumbai investor Radhakishan Damani who is touted as India's retail king after the March 2017 IPO of his supermarket chain DMart – is at a distant 65th position with a net worth of $16.6 billion.

Damani got into retailing in 2002 with one store in suburban Mumbai and has been unstoppable since. His property portfolio includes the 156-room Radisson Blu Resort in Alibag and a popular beach-front getaway close to Mumbai, according to the report.

At 114th position, HCL Technologies Founder Shiv Nadar is worth $12.4 billion. One of India's leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation.

While Hinduja brothers are at 116th position with $12.2 billion net worth. Srichand and Gopichand live in London and Prakash resides in Monaco while the youngest sibling Ashok oversees their Indian interests from Mumbai. At 138th position, Uday Kotak is worth $10.7 billion. His Kotak Mahindra Bank is now among India's top four banks in the private sector, boosted by its 2014 acquisition of ING Bank's Indian operations.

In January this year, the bank reached an agreement with the Reserve Bank of India over the issue of reducing Kotak's stake in the bank to 26 per cent. Telecom tycoon Sunil Mittal is at 154th position with $9.5 billion net worth. Bharti Airtel today is among India's largest mobile phone operators with more than 418 million customers.

Others in the latest list are Cyrus Poonawalla who is founder of Serum Institute of India (at 161th position with $9.2 billion net worth), Gautam Adani at 162th position with $9.2 billion net worth and steel tycoon Lakshmi Mittal with $8.9 billion net worth at 170th spot, among others.

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Johnny Depp makes Instagram debut; garners over a million followers

Hollywood actor Johnny Depp has stepped into social media by joining Instagram to share a special message for fans affected by the COVID-19 pandemic.

The "Pirates Of The Caribbean" star made his debut on the platform on April 16 by sharing a photograph of himself sitting on an old wooden bench in what seems like a cave, surrounded by candles and lights.

"Hello everyone... filming something for you now... gimme a minute," he captioned the image.

 
 
 
View this post on Instagram

A post shared by Johnny Depp (@johnnydepp) onApr 16, 2020 at 7:12am PDT

Depp gained 600,000 followers just three hours after creating the account, reports aceshowbiz.com.

A representative for the official account of his band The Hollywood Vampires and member Joe Perry both left comments featuring similar emojis on the comment section.

Moments later, the actor came back on the photo-sharing website and posted a piece he'd been filming.

A video message, which started like: "Hi everyone, hello to whomever might be out there in ether-land receiving this transmission. This is my first experience within the world of social media. I've never done anything like this before. I don't think I've ever really felt any particular reason to, until now."

"Yeah, now is the time to open up a dialogue as the threat of this invisible enemy has already caused immeasurable tragedies and enormous damage to people's lives. People are ill and without care, people are getting sick, fighting for breath and dying at frighteningly high rates."

Depp went on to reference those who have lost their jobs and others living on the streets "with no shelter or option of self-isolating at all".

"So I feel we need to try and help each other through these hard times, these trying times, for those we love, for our community, for ourselves, for the world and for the future."

He concluded his first Instagram message by thanking fans for "your kindness, your unwavering support and your strength over these years. I am touched beyond words."

The actor then shared his version of musician John Lennon's "Isolation" saying that "there's more to come" and noting that he hoped fans would "enjoy our version."

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Dear Gene Deitch, thank you for Tom and Jerry, Popeye and millions of memories!

It's impossible for someone's childhood to have existed without Tom and Jerry and Popeye. It's also difficult to imagine that someone might have grown up without reading the immensely enjoyable comic- Tom Terrific. The one thing that unites all three of them is Gene Deitch, the director of these historic cartoon characters! He passed away on April 16 at the age of 95.

It wouldn't be wrong to describe him as the man that accidentally created history. He was trained to become a pilot but destiny pushed him towards the field of creativity and cartoons. And as he began to get excited and enamoured by the world of animation, he gave birth to some characters that not only defined our childhoods but somehow became an integral and important part of them- Tom and Jerry and Popeye! 

He also went on to create another fantastic and funny comic book- Tom Terrific. But his work goes beyond and so does his contribution to the field of cartoons and animation. In 1960, he was awarded the Oscar for the animated short film, Munro, and the Winsor McCay Award for his contribution to the field of animation in 2004.

He's survived by three children from his first wife and all of them are in the same field as their father. They have rightly inherited his genes and genius, but to face the truth, it's hard to imagine any piece of work that can even come close to the history that Tom and Jerry and Popeye created. It's impossible for the childhood of today to be the same as the childhood of the people back then, and it's impossible to have another Gene Deitch. Rest In Peace!

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