economy and demand remains uncertain. Globally, the average return on equity (RoE) for banks could go below 1.5% in 2021 before recovering to the 2019 pre-crisis levels of 9% by 2024—effectively a loss of five years for the banking industry.

This will likely play out in two stages—loan loss provisions that far exceed the 2008 crisis levels over a period of 12-18 months (‘the deep freeze’), followed by a period where banking revenue growth lags gross domestic product growth, or GDP (‘the gradual thaw’).The heartening news for Indian banks is that India has entered this crisis well-capitalized and “on the up".

Their provision coverage ratios improved to 65% in 2019-20, compared to 41% in 2016-17, and RoE has turned positive to 2.5% after two.

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Delhi 'aggressively tackling' COVID; positivity rate lowest since May: Jain

New Delhi: Delhi is "aggressively tackling" the COVID-19 situation and not only has the positivity rate dipped to below two per cent, it is also the lowest figure since May, Health Minister Satyendar Jain said on Wednesday.Interacting with reporters, he also said that the severity of the pandemic has come down, but people still need to be vigilant and observe all safety norms."The positivity rate recorded yesterday (Tuesday) stood at 1.9 per cent. I think it is the lowest figure till date, though I will need to look into data to tell exactly.

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West Wing actor Richard Schiff: I said goodbye to my wife during Covid-19 hospital battle

West Wing actor Richard Schiff has told how he had to talk with his wife about possibly never seeing her again as he battled Covid-19. The 65-year-old, best known for playing White House communications director Toby Ziegler in the political drama, was admitted to hospital in the US last month.

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World's space achievements a bright spot in stressful 2020

CAPE CANAVERAL, Fla. – Astronauts blasted into orbit from the U.S. for the first time in nearly a decade, three countries sent spacecraft hurtling toward Mars, and robotic explorers grabbed rocks from the moon and gravel from an asteroid for return to Earth.

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From matzo to gumbo: Museum explores Southern Jewish life

NEW ORLEANS – A new museum under construction in New Orleans will explore the journey of immigrant Jews and subsequent generations to the American South who brought with them a religious way of life they struggled to maintain while seeking acceptance in the home of the Bible Belt.With multimedia interactive exhibits and a collection of more than 7,000 artifacts, the Museum of the Southern Jewish Experience will illustrate the ways Southern and Jewish cultures influenced each another’s families, businesses, religions, politics and food habits as Jewish staples like potato latkes and matzo ball soup were met with Southern grits and gumbo.There will be also be exhibits on harder-hitting issues, such as race relations, Jewish slave ownership

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Mint Lite | London corona restrictions, covid at home test, refugees & more

Global litigation financiers plan India entrySome of the world's top litigation financiers, such as Australia's Omni Bridgeway, plan to tap the Indian market by funding the legal costs of disputes that embroil companies, executives told Reuters. The concept of litigation finance is widely prevalent in Australia, the United Kingdom and the United States, where such financiers pay legal fees and other costs of commercial lawsuits, arbitration or shareholder disputes and in return get a share of the award from a settlement or a win.

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Coronavirus: Latest developments in the Greater Toronto Area on Dec. 16

coronavirus pandemic in the Greater Toronto Area for Wednesday:Global technology conference Collision has cancelled plans to host its annual event in Toronto next year and instead will host the gathering online again.Organizers sent emails to past conference attendees Wednesday saying they made the decision because of uncertainty due to pandemic.This will be the second year the travelling conference has had to give up plans to stage the massive event in Toronto because of the health crisis.

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4th-year university students in Saskatchewan called upon to substitute teach

Saskatchewan Professional Teachers Regulatory Board (SPTRB) is granting temporary permits to students who’ve completed their internship to help relieve some of the staffing challenges in schools brought on by the coronavirus pandemic. Regina Public Schools moves to remote learning as COVID-19 cases spike It would get them on a school division’s substitute list from January to June of next year while still finishing the final semester of their degree.“We were contacted by a number of school divisions in the province.

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‘We are not safe’: Surrey teachers’ open letter to Dr. Bonnie Henry calls for mask rules

COVID-19 in classrooms.In an open letter to provincial health officer Dr. Bonnie Henry published on Tuesday, members of the Surrey Teachers’ Association said “we are not safe.”“In normal times, overcrowding is the source of almost every problem and tension in our school district, and in the pandemic the overcrowding is hazardous,” the letter said.The association, which represents 6,000 teachers, asked for schools to get the same safety measures as public indoor spaces.

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Quebec reports 1,897 new COVID-19 cases and 43 more deaths

coronavirus.Public health authorities said 13 of those deaths took place in the last 24 hours, with the rest taking place at an earlier date.The death toll in the province now stands at 7,613. Health officials recalled one death that was wrongly attributed to the virus.

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Jeremih Talks About Severe COVID-19 Battle: ‘I Had To Learn How To Walk Again’

Jeremih is back and on the road to recovery.

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Charlie Clark wants public health measures enforced at upcoming Saskatoon rally

Charlie Clark is asking people not to attend an anti-mask rally this weekend in the city.A “Freedom Rally” is planned for 2 p.m. on Saturday at the Vimy Memorial in Kiwanis Park.

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Government outlines four things public should do this Christmas under Covid rules

The Daily Star's FREE newsletter is spectacular! Sign up today for the best stories straight to your inboxThe government told Brits four things people should do as Prime Minister Boris Johnson urged people to have a "merry little Christmas" in a grim festive warning.

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N.S. premier proposes virtual prorogation ceremony due to COVID-19

COVID-19 restrictions in place, he is requesting some changes. N.S.

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Biden set to introduce Buttigieg as his transportation pick

WILMINGTON, Del. – President-elect Joe Biden is set to introduce former presidential rival Pete Buttigieg on Wednesday as his nominee for transportation secretary, adding a youthful voice to an incoming administration so far dominated by people with decades of Washington experience.The 38-year-old former mayor of South Bend, Indiana, would also be the first openly gay person confirmed by the Senate to a Cabinet post. In a tweet on Tuesday, Biden described Buttigieg, who has served as a Navy reserve intelligence officer in Afghanistan, as “a leader, patriot, and problem-solver.”The nomination was applauded by union leaders, transportation industry officials, LGBTQ activists and Democratic lawmakers as a solid pick by Biden.Sen.

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Walt Disney World to perform routine firework testing near Magic Kingdom tonight

ORLANDO, Fla – Those people living near Disney’s Magic Kingdom park may hear the sounds of fireworks Wednesday night.Disney officials said on Facebook they would be performing routine firework testing around the theme park between the hours of 10:30 p.m.

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Crunch time for Canada Post as Christmas mailing deadline looms

COVID-19 pandemic.Spokesman Jon Hamilton told 680 CJOB Canada Post has seen record volumes of mail and packages in recent weeks.“It has been a Christmas season like no other, which is ending a year like no other. From March on, we have been incredibly busy as Canadians started shopping online,” he said.“As they shopped online more, they’d become very confident shopping online — you could see that when we had barbecues and patio sets going through the mail in the summertime.“It started coming early, and we saw growth of 30 to 35 per cent or more, depending on the day.

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Philadelphia healthcare workers receive Pfizer COVID-19 vaccine on Wednesday

PHILADELPHIA - Wednesday will mark a monumental day in Philadelphia's fight against the coronavirus pandemic as a select number of healthcare workers will roll up their sleeves to receive the first shot of the two-dose Pfizer-Biontch vaccine.More than 13,500 doses were divided among Philadelphia-area hospitals with the appropriate freezing-cold storage, according to city health officials. Philadelphia expects thousands more doses in the coming days in order to continue the first wave of vaccinations. Jefferson University Hospital in Philadelphia administered its first vaccination around 7:30 a.m.

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WWII POW gets Birmingham's first COVID-19 vaccine

A 94-year-old World War II veteran and prisoner of war rolled up his sleeves on Tuesday and became the first person in Birmingham, Ala., to receive the COVID-19 vaccine. Lee Elm Creel told AL.com that the jab “felt about like a flu shot.” Creel wasn’t the first in the state to receive the shot, but Birmingham’s VA Medical Center was the first in the county to administer the vaccine, according to the news outlet.

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Ontario reports 36 new COVID-19 cases in Ottawa, over 2,100 provincewide

OTTAWA -- Public Health Ontario is reporting 36 new cases of COVID-19 in Ottawa, on the second day in a row where more than 2,000 cases were reported provincewide.

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New Covid-19 strain features 17 mutations sparking fears vaccine won't work

coronavirus and say they have uncovered 17 alterations from the original strain of the killer disease, which they described as "a lot".Many of the changes have happened to the virus's spike protein, which it uses to latch onto human cells and cause illness.This is significant because most Covid-19 vaccines being developed, including the Pfizer jab that has already begun to be rolled out in the UK, are effective by targeting this protein.It is feared this could stop people becoming immune to coronavirus if they have been infected with a different strain than the vaccine can protect them against.Scientists including England's chief medical officer Chris Whitty have said there is "currently no evidence" that the new variant will stop the

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Schoolboy suffering from Kawasaki-like disease linked to Covid left fighting for life

Kawasaki-like disease linked to Covid is fighting for his life after his vital organs became inflamed.Jack Fair, 10, from Armadale, West Lothian, spent a week in intensive care after his parents, Tommy and Tracey, both 51, noticed their son appeared to be confused on November 8.Tracey immediately called NHS24 and was advised to take Jack straight to St John’s Hospital, where he tested negative for coronavirus. Despite this, Jack’s condition deteriorated and tests showed his vital organs had become inflamed.The situation was so serious doctors told Tracey and Tommy Jack’s heart had started to give up and his blog pressure dangerously low.

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Coronavirus: Ottawa handed out one-time COVID-19 payments to 4.4 million seniors

COVID-19 lockdowns and restrictions.The federal department of Employment and Social Development Canada (ESD) released data Wednesday on the number of seniors who received the payments and their place of residence by province.ESD said 4,399,250 Canadians who are Old Age Security Pensioners received the tax-free $300 payment, which was paid out to most in June.

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India may need to spend $1.8 billion on covid-19 vaccines in first phase, documents show

NEW DELHI : India will have to spend $1.4 billion to $1.8 billion in the first phase of a coronavirus vaccination programme, even after getting support under the COVAX global vaccine-sharing scheme, according to estimates by the GAVI vaccines alliance.India, which has the world's second highest caseload of coronavirus behind the United States, plans to inoculate 300 million people over the next six to eight months, likely with vaccines from AstraZeneca, Russia's Sputnik, Zydus Cadila and India's own Bharat Biotech.Documents reviewed by Reuters underline the scale of the funding challenge India faces to immunise its vast population, with 600 million shots required in the first wave alone for critical workers and people most at risk from

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Coronavirus: Physician receives first COVID-19 vaccine administered in Manitoba

Dr. Brian Penner, a physician in Winnipeg, was the first Manitoban to get the long-awaited COVID-19 vaccine Wednesday morning.

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$1.38M for Guelph in 2nd round of COVID-19 relief funding

$12M for Guelph in 1st round of COVID-19 relief funding “This joint funding will help Ontario’s municipalities recover from the impacts of COVID-19 faster, by helping them to enter into 2021 without operating deficits from this year,” said Steve Clark, Minister of Municipal Affairs and Housing.“By ensuring our municipal partners are in a sound financial position to begin the new year, they can focus on keeping their capital projects on track while continuing to provide the critical services their residents rely on.”Guelph already approved its operating budget on Dec. 1.

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Ontario surpasses 4,000 coronavirus deaths, reports more than 2,100 new cases again

coronavirus on Wednesday, marking the second highest single-day increase to date, bringing the provincial total to 146,535.Wednesday’s case count is also the second consecutive day new cases are above 2,000 after 2,275 new infections were recorded on Tuesday.According to Wednesday’s provincial report, 780 cases were recorded in Toronto, 528 in Peel Region, 148 in York Region, 143 in Durham Region and 111 in Windsor-Essex.All other public health units in Ontario reported under 100 new cases in the provincial report.

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150 Minnesota businesses vow to defy COVID-19 restrictions: 'An illegal and unlawful order'

A group of restaurant owners in Minnesota are not backing down as the state may adopt new coronavirus restrictions. “When they did our first shutdown, it didn’t feel right in my gut that they were doing this and I went to other business owners around me and said, 'Would you open up with me?' and they were too afraid and, of course, at that time, the virus was still very new," Jane Moss, owner of the Boardwalk Bar & Grill, told "Fox & Friends." Gov.Tim Walz is expected to give an update on his decision for the expiring COVID-19 restrictions this Wednesday.

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Tom Cruise yells at 'Mission: Impossible' crew members for breaking COVID-19 guidelines

Actor Tom Cruise walking alone on the Imperial Fora to say hello to his fans on the set of the film “Mission Impossible: 7” at Imperial Fora in Rome on Oct. 13, 2020.

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Congress nears agreement on 2nd stimulus check in long-delayed COVID-19 relief deal

WASHINGTON - Top congressional leaders appear closer to an agreement on a long-delayed COVID-19 relief package, hoping to seal an agreement as early as Wednesday that would extend aid to individuals and businesses and help ship coronavirus vaccines to millions.Sen. Joe Manchin, D-W.Va., a coauthor of a $908 billion bipartisan package, said leadership negotiators are closing in on an agreement that would extend direct payments of $500-$600 to most Americans but would deny Democratic negotiators long-sought aid to state and local governments.

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Recent uptick in COVID-19 cases in Northumberland County ‘concerning’: warden

COVID-19 in Northumberland County has nearly tripled in the last month.On Nov. 13, the cumulative total since the start of the pandemic in Northumberland was 57; that total hit 170 on Dec.

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Tom Cruise explodes at ‘Mission: Impossible’ crew over COVID-19 violations

Tom Cruise recently ripped into crew members on the set of his next Mission: Impossible film in London, lambasting them for violating COVID-19 social distancing rules in an explosive rant captured on tape.Audio obtained by the U.K.’s Sun tabloid captures three minutes of the rant, in which Cruise blasts his crew for their lack of social distancing.“If you don’t do it, you’re out!” Cruise shouted at staff on the film.

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COVID-19 vaccine rollout raises ethical concerns

Bioethics and Global health professor at the University of Toronto Kerry Bowman talks about the ethical concerns that surround the rollout of the COVID-19 vaccine.

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This is how the Wales Christmas Covid rules have changed ahead of level 4 lockdown

direct to your inbox The Welsh Government has now announced that the whole of Wales will once again be plunged into a strict national lockdown at Christmas. The first of the new coronavirus measures are set to be imposed on Christmas Eve, First Minister Mark Drakeford announced on Wednesday.

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From Kobe memorials to empty stadiums, these sports photos from 2020 are ones you’ll remember

For the first time possibly ever, sports weren’t fully able to provide an outlet for people in 2020.Not even games and sporting events could go on for a big stretch during the COVID-19 pandemic, and when they did manage to resume, we had to acclimate to seeing empty stadiums, unable to host fans, due to concerns about the novel coronavirus.But despite sports being idle for so long, there were still plenty of memorable photos produced.Here are some of the most memorable pictures from 2020, captured by Getty Images.

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Jefferson Hospital nurse becomes first staff member to receive COVID-19 vaccine

PHILADELPHIA - A Jefferson University Hospital nurse on Wednesday morning became one of the first people in Philadelphia to receive the coronavirus vaccine, signaling the start of the city's effort to inoculate more than 1 million people.Nurse Jennifer Gil said she felt "great" after receiving the Pfizer-Biontech vaccine, and was "excited" and "honored" to be the first Jefferson Hospital staff member to receive the vaccine."It means a lot, I think it's a sign of hope," Gil said.

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COVID-19 vaccine clinics to start Wednesday in three of four Atlantic provinces

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]Meanwhile, a frontline health care worker from the long-term care sector is expected to be the first person to receive a vaccine shot in a clinic held at the Queen Elizabeth Hospital in Charlottetown.Health officials in Newfoundland and Labrador are expected to release more details today on the clinic planned for St.

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Kansas mayor resigns amid threats over support of coronavirus mask mandate

A Kansas mayor announced Tuesday she has resigned over threats she’s been receiving after publicly supporting the city’s COVID-19 mask mandate. Dodge City Mayor Joyce Warshaw told USA Today she feared for her safety after residents threatened her over the phone and email.

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Tom Cruise screams at film crew members over COVID rules in leaked audio

An audiotape captured Cruise shouting: “If I see you do it again, you’re f—ing gone. And if anyone in this crew does it, that’s it — and you too and you too.

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Canada getting 168K Moderna vaccine doses before year end

TORONTO, ONT – Prime Minister Justin Trudeau said Tuesday that Canada has contracted to receive up to 168,000 doses of the Moderna COVID-19 vaccine before the end of December, pending approval by the country’s health regulator.Trudeau said deliveries could begin within 48 hours of regulatory approval and health officials said they expect to approve use of the Moderna vaccine soon.Canadians began receiving vaccine shots developed by Pfizer and BioNTech on Monday and Trudeau said Canada expects to receive about 200,000 doses from Pfizer next week. Canada received an initial batch of 30,000 this week.Trudeau said they will have 70 sites ready to administer these doses next week, up from 14 sites this week.The U.S.

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Mum tells daughter Elf on the Shelf has Covid so she could avoid it this year

mum has admitted she told her daughter her Elf of the Shelf had died of coronavirus so she didn't have to do it this year. Mummy blogger Evie Farrell told her daughter that her elf would not be returning to their home on December 1 for the run up to Christmas because he had caught the deadly virus.

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Governments across Canada grapple with COVID-19 messaging amid holiday season

Experts tell Toronto to change messaging to influence COVID-19 rule-breakers The Alberta Government released a commercial that took a humorous approach. It showed a COVID-19 character coming to a house for holidays, illustrating the health risks of gathering together.While the commercial grabbed people’s attention, Mudry is not sure it will change habits.“Just because people are talking about it doesn’t mean that is going to translate into human activity, and human behaviour that we want to see,” she said.Lindsay Finneran-Gingras, VP of social and digital with Hill+Knowlton Strategies, said early on in the pandemic simple fact-based ads were front and centre.

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The first person in Tameside has had the Covid-19 vaccine... the great granny is already planning her delayed 80th birthday party

direct to your inboxThe first person to get the Covid-19 vaccine in Tameside said she feels ‘lucky’ to be part of the landmark fight against the virus – and is already planning her delayed birthday celebrations.Mary Murray, from Dukinfield, was the first in the borough to receive the jab at the new vaccination centre in the car park of Hyde Leisure Centre on Wednesday (December 16).Mary, 80, was given the vaccine by nurses while sat inside a car at the drive-through service, in a historic moment for Tameside.The great, great grandmother said getting the jab will make her feel much more confident about getting back to living a normal life.

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Amid coronavirus surge, California calls for 5,000 body bags, dozens of refrigerated storage units

California has sent orders for 5,000 additional body bags, with 60 refrigerated storage units on standby as the state battles historic highs in daily virus cases and positivity rates. “We’re going through the most intense and urgent moment since the beginning of this pandemic,” Gov.

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‘The West Wing’ Star Richard Schiff Talks About His ‘Scary’ COVID-19 Battle

Getting sick with COVID-19 is no joke.

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1st doses of COVID-19 vaccine in Saskatchewan given to health-care workers

Front-line health care workers rolled up their sleeves at Regina General Hospital to receive the first doses of the COVID-19 vaccine in Saskatchewan.

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'Wear face masks during Christmas with family', World Health Organisation warns

Christmas to avoid a coronavirus spike, the World Health Organisation (WHO) has urged.Lockdown restrictions in the UK are being relaxed over the festive period, along with some other countries in Europe, but world health chiefs are warning people to be careful at family gatherings.The WHO said there is a "high risk" of a resurgence of Covid-19 in 2021 and new guidance issued urged people to avoid "even small indoor gatherings" and to wear face masks when mixing with friends and family outside your household.Experts warned the relaxing of rules could lead to a spike in deaths amid fears of a third wave of coronavirus.The organisation said: "Indoor gatherings, even smaller ones, can be especially risky because they bring together groups of

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Low-income nations could be without a coronavirus vaccine until 2024: report

COVID-19 vaccines to poorer countries faces a “very high” risk of failure, potentially leaving nations home to billions of people with no access to vaccines until as late as 2024, internal documents say.The World Health Organization’s COVAX program is the main global scheme to vaccinate people in poor and middle-income countries around the world against the coronavirus. It aims to deliver at least two billion vaccine doses by the end of 2021 to cover 20 per cent of the most vulnerable people in 91 poor and middle-income countries, mostly in Africa, Asia and Latin America.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

A four-point agenda for Indian banking in the post-covid world

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