The number of initial unemployment claims in the US reached 3.8 million last week as the COVID-19 pandemic continues to sweep the nation, raising the total to above 30 million, the Labour Department said. Claims declined from 4.42 million the previous week, while the four-week rolling average of new applications slipped from 5.79 million to […]
In a new framework released as a roadmap to support countries’ path to social and economic recovery post the COVID-19 pandemic, the UN has called for an extraordinary scale-up of international support and political commitment to ensure that people everywhere have access to essential services and social protection. Released on Monday, the “UN Framework for […]
China on Monday cut its benchmark lending rate for the second time this year to reduce corporate borrowing costs and ease the impact of the coronavirus crisis on the worlds second-largest economy. The People’s Bank of China lowered the one-year loan prime rate by 20 basis points to stand at 3.85 per cent from 4.05 […]
Even after business activity resumes in a couple of months, assuming the Covid-19 pandemic subsides, some sectors like entertainment, tourism, hospitality, electronics, retail, gems and jewellery and logistics are likely to take a big hit, with recovery possible only in the medium to long term. According to an analysis by Dun & Bradstreet, entertainment will […]
Gulzar pens a poetic appeal in support of lockdown Eminent poet-filmmaker-author Gulzar has penned a few lines in his inimitable poetic style, as an appeal for adherence during on the ongoing national lockdown. He captioned the video as “Ghar me rahe.n, Mehfooz rahe.n (Stay home, stay safe)”. Gulzar’s appeal: Doston Bada sakht waqt aan pada […]
Indian-American journalist Brahm Kanchibotla has died of COVID-19 that is ravaging New York, the epicentre of the pandemic in the US. The journalist died on Monday morning after nine days in a hospital, his son Sudama Kanchibotla said. Brahm Kanchibotla, 66, was a correspondent for United News of India. During his 28-year career in the […]
US President Donald Trump has asked Prime Minister Narendra Modi for hydroxychloroquine and the Indian leader has agreed to bring the “full strength” of India-US partnership to fight the COVID-19 pandemic. Hydroxychloroquine is in short supply in the US after Trump promoted it as a preventive […]
Sending out a dire warning, the White House on Sunday projected America’s peak death toll from the coronavirus is likely in two weeks coinciding with Easter weekend and in a worst case scenario, a total of 100,000 to 200,000 Americans could eventually succumb to the virus. “It’s possible. It’s entirely possible that would happen if […]
Renowned chef Floyd Cardoz has died from the novel coronvirus on Wednesday in New York. He was 59. Floyd was the co-owner of the two popular Mumbai-based restaurants, the Bombay Canteen and O Pedro. A statement released by The Hunger Inc, the company that runs the restaurants, had confirmed a few days back that the […]
Several members of the Sikh community were feared to have been killed in a terror attack on a Gurudwara in central Kabul on Wednesday. Sources said Afghan security forces were engaged in a gun battle with terrorists who stormed Gurudwara in the Shorbazar area Wednesday morning. Around 150 people were worshipping in the Gurudwara at […]