Sethuraman N R BENGALURU (Reuters) – Indian stocks jumped more than 1% on Thursday, driven by a surge in financials for a second day as some investors found value in beaten-down banking stocks, while a broadly positive global mood also helped the rally. REUTERS/Shailesh Andrade/Files The NSE Nifty 50 index rose 1.25% to 9,431 by […]
Nupur Anand, Manoj Kumar MUMBAI/NEW DELHI (Reuters) – India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking sources told Reuters. The government initially considered a budget of around 250 billion rupees […]
It’s been a busy afternoon, with Prime Minister Boris Johnson appearing before senior MPs and Health Secretary Matt Hancock giving the daily UK briefing. Here’s what we’ve learned: A system to track down people with coronavirus symptoms will start tomorrow in England The health secretary said anyone displaying symptoms, including under-fives, will now be eligible for […]
Sarah Rainsford BBC Moscow Correspondent Getty ImagesCopyright: Getty Images The coronavirus situation in Moscow has improved and restrictions will soon be eased, the city’s mayor has said. Sergei Sobyanin said the lockdown measures in the Russian capital would be partially relaxed from 1 June, with full details provided in the coming days. Non-essential shops will […]
Anthony Zurcher BBC North America reporter Getty ImagesCopyright: Getty Images The coronavirus pandemic has wreaked havoc on Donald Trump’s re-election plans. His promise to maintain record-breaking economic expansion and “keep America great” has been swept away by record unemployment and the financial toll that the nationwide business-closure and shelter-in-place orders have taken. During the outbreak, […]
Jessica Parker BBC political correspondent The UK government is launching what it sees as a pivotal part of this country slowly emerging from the current lockdown: its test and trace programme. It’s a change that’s going to require people in England to absorb and act on new rules around self-isolation. Matt Hancock said that sticking by […]
Alabama Beachgoers Belittle Coronavirus Threat On Busy Memorial Day Weekend Footage showed Gulf Shores beach in Alabama packed with people as the state experienced an uptick in COVID-19 cases. By Lee Moran, HuffPost US A surge of coronavirus infections in Alabama didn’t deter people from descending on the state’s beaches over Memorial Day weekend, according to local media reports. Footage that […]
Coronavirus: China’s plan to test everyone in Wuhan By Reality Check teamBBC News China has been carrying out an ambitious plan to test everyone in Wuhan, the city where the Covid-19 pandemic began, following the emergence of a cluster of new infections. The authorities had pledged to test the city’s inhabitants over a 10-day period, […]
India combats locust attack amid Covid-19 pandemic Soutik BiswasIndia correspondent An invasion by desert locusts has hit large swathes of India and Pakistan in the middle of the coronavirus pandemic. Large and aggressive swarms of these crop-devouring short-horned insects have invaded more than two dozen districts covering more than 50,000 hectares of desert areas of […]
Volkswagen loses landmark German ‘dieselgate’ case Diesel emissions scandal Image copyrightGETTY IMAGES Germany’s highest civil court has ruled that Volkswagen must pay compensation to a motorist who had bought one of its diesel minivans fitted with emissions-cheating software. The ruling sets a benchmark for about 60,000 other cases in Germany. The plaintiff, Herbert Gilbert, will […]