Barclays, BNP Paribas see equities bonanza outweigh fixed income slide
Barclays (BARC.L) and BNP Paribas (BNPP.PA) reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products. The topsy-turvy trading results for two of Europe’s biggest remaining investment banks highlighted how volatile markets amid the global pandemic caused seesawing demand for different asset classes. Barclays’ January-March profit more than doubled […]
The real threat to Chad’s military rulers: unemployed youth
When Neldjibaye Madjissem graduated with a mathematics degree in 2015, he began searching for work as a school teacher. Six years on, he is still looking – and is angry. The 31-year-old blames Chad’s government for lack of work, mismanagement of oil revenues and corruption. No wonder people are protesting on the streets in their […]
Japan prepared to provide 300 respirators to India
Japan is prepared to provide 300 respirators and 300 oxygen concentrators to India once talks are finalized, Japan’s chief cabinet secretary Katsunobu Kato said on Friday. Kato did not specify when the respirators and concentrators would be delivered, saying that he hoped they would be provided “swiftly” once discussions with India were finalised. India is […]
Indian shares set to snap 4-day gaining streak, Reliance earnings eyed
Indian shares stepped back on Friday after four straight sessions of gains that set them on course for their strongest week since early-February, with earnings of Reliance Industries, the country’s most valuable company, in focus. The NSE Nifty 50 index (.NSEI) fell 0.78% to 14,778.9 by 0349 GMT, while the benchmark S&P BSE Sensex (.BSESN) slipped 0.84% to 49,345.57. […]
McCullum to overhaul top-order to revive Kolkata’s IPL campaign
Kolkata Knight Riders coach Brendon McCullum criticised the top-order’s slow batting in Thursday’s defeat against Delhi Capitals in the Indian Premier League (IPL) and said changes were likely in the team to revive their campaign. The top three of Nitish Rana, Shubman Gill and Rahul Tripathi combined to score 77 runs off 67 balls, failing […]
Ukraine bans non-Ukrainian arrivals from India from May 2 – deputy health minister
Ukraine will impose an entry ban on non-nationals arriving from India, which is battling a surge in coronavirus cases, from May 2, its deputy health minister said on Friday. Ukraine has reported more than 2 million COVID-19 cases so with 44,085 deaths. Our Standards: The Thomson Reuters Trust Principles. Source: https://www.reuters.com/world/india/ukraine-bans-non-ukrainian-arrivals-india-may-2-deputy-health-minister-2021-04-30/
Vaccination centres close in Mumbai as India posts another record rise in COVID-19
All vaccination centres in India’s financial capital of Mumbai were shut for three days starting Friday due to a shortage of vaccines, said authorities, as the country posted another record daily rise in coronavirus cases. India reported 386,452 news cases on Friday, while deaths from COVID-19 jumped by 3,498 over the last 24 hours, according […]
Lockdown accounting
Many countries have implemented social distancing and lockdown policies to tame the spread of Covid-19. This column discusses the potential GDP and employment effects of lockdown policies for a broad cross-section of countries ranging in income per capita from Niger to Luxembourg. It shows that the employment and GDP effects of lockdown policies are U-shaped in income per capita. While workers in rich countries have a substantially higher ability to work from home, which mitigates declines in employment and GDP, poor countries concentrate employment and value-added in essential sectors that are not shut down. Middle-income countries see the largest declines as they feature relatively large employment shares in non-essential sectors and relatively low work from home ability.
France to relax nightly curfew on May 19, to scrap it on June 30 – source
The French government will begin relaxing its COVID-19 curfew from May 19, a source familiar with the plan said on Thursday ahead of an expected announcement by President Emmanuel Macron.
India’s coronavirus infections cross 18 million as gravediggers work round the clock
India’s total COVID-19 cases passed 18 million on Thursday after another world record number of daily infections, as gravediggers worked around the clock to bury victims and hundreds more were cremated in makeshift pyres in parks and parking lots. India reported 379,257 new infections and 3,645 new deaths on Thursday, health ministry data showed,the highest […]
