NEW DELHI : S&P Global Ratings has said that Indian economy is in deep trouble with growth expected to contract by 5% this fiscal."India's economy is in deep trouble.

Difficulties in containing the virus, an anemic policy response, and underlying vulnerabilities, especially across the financial sector, are leading us to expect growth to fall by 5% this fiscal year before rebounding in 2021," S&P said in a report.In its report titled 'Asia-Pacific losses near $3 trillion as balance sheet recession looms', S&P projected the region's economy to shrink by 1.3% in 2020, but grow by 6.9% in 2021.This implies a loss nearing $3 trillion output over these two years."Asia-Pacific has shown some success in containing COVID-19 and, by and large,.

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Corrie's Catherine Tyldesley 'confirms' husband and son had coronavirus last year

Coronation Street star Catherine Tyldesley has revealed her husband and five-year old have both tested positive for coronavirus antibodies.

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Catherine Tyldesley claims her family had COVID-19 last year after worrying symptoms

Catherine Tyldesley’s husband and five-year-old son have both tested positive for Covid-19 antibodies – and she believes they may have had the virus more than six months ago.

Catherine Tyldesley Tom Pitfield Britain city Dubai virus covid-19 testing symptoms Coronavirus

Coronavirus: Layoffs at Saskatchewan Polytechnic due to ‘challenging fiscal realities’

Saskatchewan Polytechnic (Sask Polytech) says 45 employees have received permanent layoff notices as the novel coronavirus pandemic continues to impact the education sector.The post-secondary institution said the suspension of the majority of on-campus operations has resulted in significant reductions or stoppages of work, including some that can’t be done remotely.

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Consumer shopping habits have changed during COVID 19 pandemic, says Couche-Tard

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]Even with traffic starting to improve as the economy reopens, Hannasch told analysts that he’s been surprised that some of the larger-sized formats remain popular as customers are limiting their shopping trips.“We’ve also gained new customers as we stayed open throughout the pandemic to meet their needs for emergency products, impulse buys and grocery items, which became increasingly popular, and we’re seeing some stickiness,” he said.Sales of food, fountain soft drinks and coffee, which declined with lower consumer traffic, have started to increase.

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Multiple airlines stop serving alcohol, food on planes in response to COVID-19 pandemic

As part of continued efforts to maintain traveler safety, multiple airlines have reduced the food and offerings during flights. If you are traveling in the near future, here is what food and beverage options you can expect to be served on each airline:DeltaStarting July 2, Delta will begin to reserve complimentary beer and wine for its First Class and Delta Comfort+ customers on flights that are more than 500 miles.

covid-19 pandemic economy travelers

Orange County sandwich shop continues growth, hiring amid COVID-19 pandemic

WINTER PARK, Fla. – Bad As’s Sandwich owner John Collazo is one of the rare business owners in the food industry still hiring during the coronavirus pandemic. Collazo, who owns Bad As’s Sandwich in Orlando’s Milk District and recently opened a second location in Winter Park, told News 6 he’s seeing four times as many resumes and job applications coming his way, compared to pre-pandemic times. [FLORIDA FOODIE PODCAST: The story of Bad As’s Sandwiches]“Right now we have 16 employees, which I never thought we would get, but we need about 25,” he said. “So we need about nine more people.

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Saskatchewan government reports $319M deficit in 2019-20 fiscal year

coronavirus pandemic and an economic downturn impacted the provincial government’s progress to return to a balanced budget, according to the Saskatchewan Ministry of Finance.The government released the final results for the 2019-20 fiscal year on Tuesday.

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La Doña in San Francisco, in a Pandemic: 'I Have a Weird Relationship With My Creations Right Now'

femmetón singer-songwriter La Doña's new album, Algo Nuevo, dropped March 12 via Human Re Sources just as the coronavirus pandemic intensified in the U.S. Concerts, festivals and other large gatherings across the country were canceled, including her planned South by Southwest debut, interrupting her early career momentum.As part of Billboard’s efforts to best cover the coronavirus pandemic and its impacts on the music industry, we will be speaking with La Doña -- whose real name is Cecilia Cassandra Peña-Govea -- every other week to chronicle her experience throughout the crisis.

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Manitoba to release economic, fiscal outlook Tuesday

announced layoffs to the public-sector to free up money for the fight against COVID-19. Coronavirus: Manitoba unions wary of provincial work-reduction proposal At the time, the Progressive Conservative government said it was expecting the pandemic to deliver a $5-billion hit to the province’s budget — a combination of increased health-care costs and reduced tax revenues from a slumping economy.Today's fiscal update or whatever term the PCs use is a joke so long as they're afraid of introducing it in the house.

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COVID-19 infection triggers growth of arm-like tentacles in cells, microscope images show

LOS ANGELES - New electron microscope images released in a study from a team of researchers led by scientists at the University of California, San Francisco appear to show cells infected with COVID-19 growing arm-like tentacles to infect other cells. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updatesIt may be a horrifying new discovery to some, but authors of the recent study say it puts them a step closer to effectively treating the novel coronavirus.In a study published on June 28 in the Journal Cell, researchers looked at how SARS-CoV-2 spreads, in hopes of developing more therapeutic treatments to fight the virus.One way COVID-19 is so successful in terms of rapid viral spread throughout the body is how

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Amid covid-19 Indian markets see biggest quarterly rally since 2009; gain 20%

Mumbai: Despite covid-19 severely hampering economic activity in the last three months, the April-June period saw the Indian stock markets clock their best quarterly gains since the September quarter of 2009.The rally is largely driven by optimism of economic recovery post reopening of the country and a gush of liquidity flowing into the Indian markets, especially foreign capital.According to a Mint analysis, Indian benchmark indices Sensex and Nifty gained nearly 20% in April-June, as against a decline of 28% and 29% in the previous quarter.Both BSE Midcap and BSE Smallcap indices were up 24.29% and 29.68% respectively in the June quarter.

India city Mumbai covid-19 president pandemic Government

Boris Johnson unveils plan to boost British economy after Covid-19

British Prime Minister Boris Johnson has promised to shake Britain's economy out of its coronavirus-induced crisis by fast-tracking infrastructure investment and slashing property planning rules.

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COVID-19 may set back Indian banks' recovery by years: S&P

NEW DELHI : The COVID-19 pandemic may set back the recovery of India's banking sector by years, which could hit credit flows and, ultimately, the economy, S&P Global Ratings said on Tuesday.The US-based rating agency expects non-performing loans in Indian banks will hit a fresh high, raising credit costs, and putting pressure on ratings."In our base case, we expect the non-performing loans to shoot up to 13-14% of total loans in the fiscal year ending March 31, 2021, compared with an estimated 8.5% in the previous fiscal year," said S&P Global Ratings credit analyst Deepali Seth-Chhabria.Moreover, the resolution of these bad-debt situations will likely unfold slowly, which means banks may also be saddled with a huge stock of bad loans next

city New Delhi Usa India covid-19 pandemic economy crisis

Fed's program for loaning to Main Street off to slow start

WASHINGTON – Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup and wants to borrow funds so he can expand.Yet so far, a Federal Reserve lending program set up specifically for small and medium-sized businesses like his hasn't been much help. He can't find a bank that's participating in the program, and he isn't clear on a lot of the details about how it works.

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Extension of curbs weighs on markets as covid numbers surge

MUMBAI : Indian benchmark indices ended lower on Monday with the rapid increase in covid-19 cases around the world, especially in the US, threatening to derail economic recovery. With several India states set to extend the lockdown, markets seem to be weighing in the bad news.

Japan Usa India city Mumbai region Asia-Pacific covid-19 2020 economy

Alberta unveils economic stimulus package

The Alberta government has announced its $10 billion plan to repair the province’s battered economy. Heather Yourex-West reports on its path ahead, and whether the government’s plan will be enough.

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Boris Johnson promises spending blitz to fire-up the UK economy after Covid-19

UK economy in the wake of the coronavirus pandemic. In a speech in the Midlands on Tuesday the Prime Minister is promising to splash £5 billion to dig the country out of the recession caused by the coronavirus lockdown.

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Coronavirus R value in Alberta remains low after parts of economy reopened

has been dropping over the last few months and has been holding steady even after two different phases of reopening in the province.However, experts say that isn’t cause for celebration quite yet, saying Albertans need to continue following public health measures.The reproduction number explains, if one infected person is introduced into a community, how many secondary people would become infected.For example, if the R number is one, one person infects one other person who then infects one other person. An R number of two means one person infects two others who go on to infect two others each.

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Public Health Orders Remain Unchanged as COVID-19 Case Numbers Increase

Wyoming’s current public health orders will be extended through July 15 as the number of cases of COVID-19 in the state continues to steadily increase, Governor Mark Gordon announced today.Twenty-five percent of Wyoming’s total number of lab-confirmed cases of COVID-19 have been identified in the past two weeks, with 288 new cases confirmed since the current orders went into effect on June 15. New cases of the virus have been reported in 15 counties and reflects increased transmission within Wyoming communities.

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Alberta boosts infrastructure spending by 40%, cuts business tax to bolster economy

a global pandemic and oil price collapse.“Albertans have risen to the challenge to the pandemic,” he said.

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July Fourth celebration will include flyovers in Philadelphia, other East Coast cities

WASHINGTON - Military planes will conduct flyovers in a handful of major cities along the East Coast as part of this year's July Fourth celebration amid the coronavirus pandemic.The Pentagon says roughly 1,700 service members will support a salute to the “Great Cities of the American Revolution." The exact timing of the flyovers is still being worked out, but they will begin in Boston and proceed to New York City, Philadelphia and Baltimore.From there, the military planes will join with other aircraft participating in the “Salute to America" over Washington, D.C. Washington has held an Independence Day celebration for decades.

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N.J. Lottery officials urge public to guard against lottery scams

TRENTON, N.J. - New Jersey Lottery is warning the public to be on the lookout for lottery scams.Officials with the Lottery say they have seen an uptick in lottery scams over the last few weeks in social media posts. New Jersey Lottery is alerting the public to be leery of anyone on social media, in emails or on the telephone promising winnings, offering to share Lottery prize winnings or asking for money.Prizewinners should never give out personal or financial information through social media or on the telephone.

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Rise in Covid-19 cases weigh on markets as lockdown may derail economic recovery

Mumbai: Indian benchmark indices ended lower on Monday as rapid increase of Covid-19 cases around the world and especially in the US, threatened to derail the economic recovery hopes. With states in India set to extend lockdown or reconsidering bringing back lockdown measures, markets seem to be weighing the bad news.

Japan Usa India county Pacific city Mumbai virus covid-19 economy Government

Amid pandemic, Starbucks to resume dine-in services in seven Indian cities soon

New Delhi: Tata Starbucks on Monday said the company will resume dine-in services in seven cities across India, with elevated cleaning and sanitising protocols.Stores will operate with 50 per cent seating capacity to allow for social distancing between customers and employees, said Tata Starbucks in a statement.The selected Starbucks stores are in Delhi, Bangalore, Hyderabad, Kolkata, Ahmedabad, Surat and Vadodara."As we navigate through the crisis, we are transforming the in-store Starbucks Experience to new public health guidelines and evolving customer behaviours and expectations," Tata Starbucks CEO Navin Gurnaney said.Tata Starbucks has also introduced new safety and hygiene measures inside stores, which includes mandatory temperature

city New Delhi India city Delhi city Hyderabad city Bangalore city Ahmedabad city Kolkata city Surat pandemic guidelines crisis

Zero Covid-19 deaths in these Indian states, Union Territories

COVID-19 cases. The national capital is followed by Tamil Nadu with 82,275 confirmed cases.There are ten states which have reported more than 10,000 Covid-19 cases.

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Australia suffers from worst recession in 30 years as coronavirus recovery begins

Coronavirus has done to Australia what even the global financial crisis couldn’t: abruptly end a record growth run and help trigger a deep recession from which the country will take time to recover.While Australia has had great success so far in heading off the pandemic, with just over 100 deaths, the cure of shutting out the rest of the world means massive hits to three key growth drivers — tourism, education and immigration.Fiona Gulin was 18 when the last recession hit Australia in the early 1990s. Back then, she managed to keep a part-time job at a music publication, before moving on to full-time work and a lucrative career in the entertainment industry.This time, she hasn’t been so lucky.

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UK public 'demanding fairer economy' after coronavirus crisis

Just 6% of people want to see a return to how Britain’s economy worked before the coronavirus crisis, new polling has found.

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47%

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Ken Jeong Speaks to Impact of COVID-19: "This is a Disease of Humanity"

International advocacy organization Global Citizen hosted a summit and concert on Saturday that called on the community to use their voices to tackle global injustices and drive lasting change. Hosted by Katie Couric, Mallika Kapur, Morgan Radford, Isha Sesay and Keir Simmons, the Global Goal: Unite for Our Future summit featured world leaders, scientists and philanthropists engaging in proactive panel discussions and interviews about tests, treatments and vaccines for COVID-19.

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Healthtech set for robust growth

Healthcare is generally considered recession proof, and with covid-19 being a health crisis, investors are betting on innovation in the sector. Healthtech startups are set to gain.Click here to read the Mint ePaperLivemint.com is now on Telegram.

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Newfoundland needs help as coronavirus cuts off tourism, fishing work: premier

Newfoundland is facing troubling economic times because of the coronavirus pandemic and without help from the federal government, things will likely only get worse, says the premier.In an interview with The West Block‘s Mercedes Stephenson, Newfoundland and Labrador Premier Dwight Ball said the province is struggling under the combination of low oil prices, a border shutdown cutting off vital tourism and coronavirus restrictions crippling the fishing season and processing plants.“It’s been a tough start to 2020 for Newfoundland and Labrador,” said Ball.“What we need right now, is support from the federal government.”Newfoundland is one of several provinces with rich natural resources that are not eligible for transfer payments under the

Dwight Ball Mercedes Stephenson Newfoundland and Labrador The West Block Coronavirus Canadian Economy

Poland holds presidential election amid deep political division, coronavirus

coronavirus pandemic and was taking place amid deep cultural and political divisions in the European Union nation.President Andrzej Duda, a 48-year-old conservative backed by the nationalist ruling Law and Justice party, was running against 10 other candidates as he sought a second 5-year term. Whether Duda wins or not will determine whether the ruling party keeps its near-monopoly on political power in Poland.Turnout at noon was 24.08 per cent which the State Electoral Commission said was a “record” for that time in Poland’s 30 years of democracy.

Andrzej Duda Eu Poland Europe Coronavirus

Covid impact: Capital, labour crunch stall restarting of realty projects

BENGALURU : Construction of a large number of real estate projects across cities has not restarted even after lockdown restrictions were lifted due to a severe liquidity and labour shortage that developers are facing.While the labour shortage may be resolved in the coming months, the capital shortage is likely to linger much longer, that may induce a spiral effect leading to delay in possession of homes, cash flow issues and significant rise in cost of capital.The covid-19 crisis may have wreaked havoc on most businesses and the overall economy, but impact on the real estate sector, which was already facing a prolonged slowdown, has been particularly harsh.“Besides labour and cash shortage, there is a third factor, which is the lack of

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Glasgow stabbings hotel knifeman was 'troubled loner' who was self-isolating over Covid-19 fears

Glasgow warned fellow guests of his plans the day before he launched his horrific blade attack, it has emerged.The Sudanese asylum seeker – named by police as Badreddin Abadlla Adam, 28 – said he “hated people” just 24 hours prior to injuring six people, including hero police officer PC David Whyte.Adam, who also used the name Omar, was described as a “troubled loner” who had been self-isolating over fears he had Covid-19.He was shot dead by a police marksman after going on his terrifying knife rampage.Fellow asylum seeker Siraj, who did not want to disclose his surname, said he was horrified when Adam told him he wanted to “stab people”.Siraj, 22, from Yemen, added: “I saw him the day before the attack and he said he’d had enough.

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Coast Guard unloads more than 3 tons of cocaine in Florida

FORT LAUDERDALE, Fla. - The US Coast Guard unloaded some 6,800 pounds of cocaine at Port Everglades, Florida on June 23, a week after the $100 million-plus haul was seized off the shores of Costa Rica.This footage shows crew on the Coast Guard Cutter Vigilant offloading the drugs, which an accompanying statement said were bundled into a total of 122 bales.The Coast Guard said the cocaine was seized in two operations off the coast of Limon, Costa Rica, on June 15.

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Pakistan announces record increase in fuel prices

Pakistan has announced a record increase in fuel prices days before the end of a fiscal year in which the country's economy contracted for the first time in 68 years as a result of the coronavirus pandemic.The hike, which ranges from 27% to 66%, depending on the petroleum product, was announced Friday night.

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Governor asks California county to reimpose stay-at-home

RANCHO CORDOVA, Calif. (AP) - Gov.

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Kindergarten to Grade 12: What schools could look like in September, by region

Canada after coronavirus-related closures, questions remain about what measures may be in place when students and teachers return to school in the fall.It’s likely that physical distancing and robust hand hygiene will be top priorities for most regions, but experts worry about the effectiveness of physical distancing measures for children.“Kids want to hug, they want to be close,” Colin Furness, an infection control epidemiologist at the University of Toronto, previously told Global News.“I have two young kids. You can explain to them what’s going on and they can understand it, but it’s the kind of self-restraint it takes.

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Researchers develop a wearable patch for melanoma

American Cancer Society (ACS), roughly 100,350 new cases of melanoma will have been diagnosed in the U.S. by the end of 2020.

Usa state Indiana county Lafayette death 2020 patient

Germany cautions coronavirus pandemic far from over as economies restart

German Chancellor Angela Merkel cautioned Saturday that the coronavirus pandemic is far from over, as regional outbreaks gave rise to fears of a second wave. Two of the largest U.S.

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Sensex, Nifty week ahead: Here is what market experts expect

Ruchit Jain, senior analyst at Angel Broking, says: "As per the options data, 10000 - 10500 is seen as the immediate trading range for Nifty. Since the data indicates long positions being rolled, traders are advised to continue to trade with a positive bias and use declines as a buying opportunity."Nagaraj Shetti, technical research analyst at HDFC Securities, says: "The short term trend of Nifty has turned into positive, after the minor weakness from the highs.

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Covid-19: As our economy restarts, the future is unclear

Remember in the past, how you would turn the oil heating system off for the summer months and then when you turned it back on, it did not work? So you needed a visit from a heating engineer for help?

Ireland Coronavirus

Health groups outline $18 billion vaccine plan to beat covid

Supply-Constrained“There is no scenario in which we will have enough doses of a successful vaccine to immunize the world in the first 18 months," Seth Berkley, chief executive officer of Gavi, the global nonprofit, said in the briefing. “We’re always going to be in a supply-constrained environment."The aim will be to deploy those doses as wisely as possible, he said.

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Indian IT professionals hit by US visa restrictions may look at Canada

U.S. President Donald Trump's latest immigration crackdown is set to further boost intake once COVID-19 restrictions ease, lawyers say.The number of successful applicants to Canada's Global Skills Strategy (GSS) programme rose five-fold over its first three years, with more than 23,000 workers approved under the top five tech categories, data provided to Reuters by Immigration, Refugees and Citizenship Canada (IRCC) shows.More than 2,300 applications for those same top five tech roles were approved from January to March 2020, ahead of the COVID-19 shutdowns that led to border closures and a sharp drop in immigration.

Donald Trump Usa India Canada covid-19 president 2020 Netflix

IMF approves emergency funding for pandemic-hit Myanmar

Myanmar with $356.5 million in emergency funding, as the southeast Asian country battles an economic slump due to the coronavirus pandemic."The Myanmar economy is being impacted by the outbreak of COVID-19 through a sharp decline in tourism and remittances and supply chain disruptions," Mitsuhiro Furusawa, IMF deputy managing director, said in a statement.The fund "will help address Myanmar's urgent financing needs related to COVID-19 shock, and catalyze support from development partners."The money comes from two programs put into place to ensure rapid disbursement of funding without the need for lengthy negotiations over a reform program by Myanmar.Some $118.8 million will come from the Rapid Credit Facility and the remaining $237.7

Burma covid-19 outbreak economy Coronavirus

Wynonna Earp Season 4 Has a Premiere Date and Trailer

Wynonna Earp Season 4 finally has a premiere date. The Syfy drama will return Sunday, July 26 at 10/9c and run for six episodes, culminating in a mid-season finale that will air Sunday, August 30 at 10/9c.

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Garrett Rolfe: Why Cop Who Killed Rayshard Brooks Faces Mandatory Life In Prison

Garrett Rolfe – the former cop who was fired after he shot Rayshard Brooks in the back in an Atlanta Wendy’s parking lot on June 12 – is facing life in prison.

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N.B. woman downsizes into tiny home off the grid during coronavirus pandemic

COVID-19 pandemic as businesses start opening up and bubbles start forming across the country, but a New Brunswick woman who chose to downsize her life during the pandemic has a message for people returning to the faster pace.“Take time for nature and animals and each other,” says Sarah Nesbitt, who is now living off the grid in a tiny home still under construction in the woods of Steeves Mountain, N.B.

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Tamron Hall called 'tone deaf' for Instagram pic after 'firing' 20 employees

The Daily Mail, the majority of the employees let go on Thursday were senior producers and audience team employees. Just one day prior, the talk show host posted a beachside picture while sipping wine.

covid-19

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

Indian economy in deep trouble, growth to contract by 5% this fiscal: S&P

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