U.S.-China Trade Talks Boost Global Stocks

Global stocks rose Tuesday as investors cheered trade talks among senior U.S. and Chinese officials following weeks of escalating tensions between the world’s two largest economies. Futures tied to the S&P 500 rose 0.3%, suggesting the benchmark index will advance to a fresh record after the opening bell in New York. The S&P 500 climbed for a third consecutive trading day Monday, boosted by investors’ optimism about a potential treatment for coronavirus. … Source link

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Delhi court frames charges against 36 foreigners from 14 countries

The Delhi Court has said that trial will start soon against 36 foreigners from 14 countries for attending Tablighi Jamaat congregation in the national capital. The court has framed charges against the foreigners for allegedly disobeying the government’s guidelines in the wake of coronavirus pandemic. The court said that information regarding lockdown and social distancing norms were in the public domain and the accused were aware of the distancing norms. “It has been mentioned in the chargesheet that around 1,300 devotees from various states and foreign countries were found residing at the Markaz premises without maintaining any social distancing or using […]

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Germany economy’s 2nd-quarter decline revised to below 10 per cent

Despite the revision, it remained by far the steepest drop in the 50 years that quarterly GDP figures have been recorded easily beating a 4.7 per cent decline in the first quarter of 2009, during the global financial crisis. (Reuters photo) The German economy, Europe’s biggest, shrank slightly less in the second quarter than originally estimated, the official statistics agency said Tuesday though the 9.7 per cent drop was still easily the worst on record. The Federal Statistical Office revised the quarter-on-quarter contraction in gross domestic product down from the 10.1 per cent it initially reported at the end of July. […]

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Global tourism industry loses $320 billion in 5 months due to COVID-19, says UN

Secretary-General Antonio Guterres said in a policy briefing and video address that tourism is the third-largest export sector of the global economy, behind fuels and chemicals, and in 2019 it accounted for 7 per cent of global trade PTI | August 25, 2020 | Updated 13:24 IST Guterres said this has been a “major shock” for richer developed nations “but for developing countries, it is an emergency, particularly for many small island developing states and African countries” The tourism global industry has been devastated by the coronavirus pandemic, with USD 320 billion lost in exports in the first five months of […]

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India is a testament to the success of economic freedom: US Congressman Joe Wilson

”India’s evolution from socialism to a free market economy reducing poverty is a testament to the success of economic freedom,” Wilson said on Friday. (Representational image: Reuters) India, which under the leadership of Prime Minister Narendra Modi has surpassed the UK and France in terms of gross domestic product, is a testament to the success of economic freedom, a top American Congressman has said. Congressman Joe Wilson was speaking on the floor of the House of Representatives as he greeted India on the occasion of its 74th Independence Day. ”With the leadership of Prime Minister Narendra Modi in the past year […]

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Congress overhaul: It is not about a post, but about country, says Kapil Sibal

New Delhi: Senior Congress leader Kapil Sibal, who is among the 23 party leaders who have written to Sonia Gandhi seeking an organisational overhaul, said on Tuesday that “it is not about a post” but about the country that matters most. A day after a stormy Congress Working Committee (CWC) meeting, Sibal made the remarks in a cryptic tweet. “It’s not about a post. It’s about my country which matters most,” he tweeted, without elaborating. After the seven-hour meeting of the party’s top decision-making body, the CWC urged Sonia Gandhi to continue as its interim chief till an AICC session can […]

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‘Digital health mission will make medical cover efficient’

(This story originally appeared in on Aug 25, 2020) Mumbai: The government’s digital health mission has the potential to make medical insurance more efficient by reducing disputes between insurers and policyholders and ending the need for repeat pre-acceptance tests, according to ICICI Lombard General Insurance MD & CEO Bhargav Dasgupta. A health ID, as envisaged by the mission, will maintain a digital copy of all health records of an individual like diagnostics reports, which will be uploaded directly by the healthcare provider. It has also proposed norms for telemedicine and digitisation. “One of the biggest positives out of this would be […]

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Canara Robeco Mutual Fund: Short-term perspective would not help investors, says Shridatta Bhandwaldar of Canara Robeco Mutual Fund

Canara Robeco Equity Hybrid Fund has managed to offer 11.52% returns in an uncertain period during the last year. At a time when the hybird mutual fund categories, including aggressive hybrid categories, are witnessing outflows, the scheme has gained market share. Shivani Bazaz of ETMutualFunds.com spoke to Shridatta Bhandwaldar, Head – Equities, Canara Robeco Mutual Fund, to find out what is happening in the aggressive hybrid space and what is in store for the category. Edited interview. . Canara Robeco Equity Hybrid Fund has managed to offer double-digit returns of 11.52% in a challenging year like the last year. What was […]

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