Turkish lira falls to record low against U.S. dollar

By Ritu, Capital Sands Turkey’s lira fell to a record low against the U.S. dollar on Thursday after traders interpreted comments from a Federal Reserve policy maker as ruling out a Fed swap line to cushion Ankara’s depleted reserves. Thursday’s fall to 7.25 pushed it beyond the record low hit duringContinue Reading

India says it's ready to tackle rising virus cases, Bangladesh announces farm relief

By Administrator_India Capital Sands India said on Sunday its hospital network is adequately prepared to tackle the spread of the coronavirus, with over 100,000 beds ready to cater to a potential surge in patient numbers. In neighbouring Bangladesh, Prime Minister Sheikh Hasina announced a relief package worth about $1.7 billionContinue Reading

High U.S. unemployment, 2.5 million jobs lost through 2021

By Ritu, Capital Sands After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a quick, post-pandemic return to normal. TheContinue Reading

India says it's ready to tackle rising virus cases, Bangladesh announces farm relief

By Administrator_India Capital Sands The Indian government on Thursday claimed initial success in its fight against the coronavirus epidemic, saying it would have been hit with 820,000 cases by next week had it not imposed a nationwide lockdown. The number of people infected with the virus stood at 5,865 includingContinue Reading

PM Johnson 'getting better' in intensive care as UK extends overdraft

By Ritu, Capital Sands British Prime Minister Boris Johnson was getting better on Thursday in intensive care where he is battling COVID-19 as his government extended its overdraft facility and reviewed the most stringent shut down in peacetime history. Johnson, 55, was admitted to St Thomas’ hospital on Sunday eveningContinue Reading

Tesco Falls as Staff Costs Eat up Panic-Buying Gains

By Ritu, Capital Sands Anyone who’s been to a supermarket in the last few weeks has probably come away with the idea that the sector is doing better than most in the current Covid-19 crisis. Yes, there has been an uplift from panic-buying of staples – a 30% uplift inContinue Reading

Testing times for India in race to head off coronavirus epidemic

By Administrator_India Capital Sands India, like a lot of countries plunged into crisis by the pandemic, is struggling to ramp up testing for the coronavirus, but in few places would the odds of containing the disease appear so bleak should domestic transmission start to multiply. Officials hope to be testingContinue Reading

Global Coronavirus Cases Surpass One Million

By Administrator_India Capital Sands Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data. Italy had the most deaths, more thanContinue Reading

Japan government, ruling parties agree on certain tax exemptions for firms hit by pandemic

By Administrator_India Capital Sands Japan’s government and ruling parties agreed to exempt firms from certain taxes if their sales decline by more than half from the previous year in any three-month period between February and October amid the coronavirus outbreak, Kyodo newswire said on Thursday. Firms would be exempted fromContinue Reading