Month: May 2020

Hong Kong government warns removing U.S. special status is 'double-edged sword'

Hong Kong government warns removing U.S. special status is ‘double-edged sword’

May 29, 2020

By Administrator_India Capital Sands Hong Kong told the United States to keep out of the internal debate over new national security laws being imposed by China, and warned that withdrawal of the financial hub’s special status under U.S. law could backfire on the U.S. economy. U.S. President Donald Trump is due to announce later on […]

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Shashank Manohar to step down as ICC chairman after current term

Shashank Manohar to step down as ICC chairman after current term

May 28, 2020

By Administrator_India Capital Sands International Cricket Council  chairman Shashank Manohar is to step down when his term ends this year, the governing body said on Wednesday. The ICC is set to discuss the process to elect its new chief at its board meeting on Thursday with media reports saying that the England and Wales Cricket […]

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India makes source code of contact-tracing app public

India makes source code of contact-tracing app public

May 27, 2020

By Administrator_India Capital Sands India said on Tuesday it was making public the source code of its coronavirus contact-tracing app Aarogya Setu for Google’s  Android smartphones, a move digital rights activists said will boost the security of users. The bulk of India’s roughly 500 million smartphone users have Android devices and the source code for […]

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Australia to outline economic recovery plans as lockdowns ease

Australia to outline economic recovery plans as lockdowns ease

May 26, 2020

By Administrator_India Capital Sands Australian Prime Minister Scott Morrison will on Tuesday outline his government’s plans to revive the sputtering economy, but is expected to warn a recovery will take between three to five years. Australia has reported just over 7,100 COVID-19 infections, including 102 deaths. That is well below numbers reported by many other […]

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Asian shares reverse early gains, eyes on China-U.S. trade relations

Asian shares reverse early gains, eyes on China-U.S. trade relations

May 25, 2020

By Administrator_India Capital Sands A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China’s blue-chip CSI300 […]

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KKR to invest $1.5 billion in Reliance Industries' digital unit, biggest deal in Asia

KKR to invest $1.5 billion in Reliance Industries’ digital unit, biggest deal in Asia

May 22, 2020

By Administrator_India Capital Sands India’s Reliance Industries said KKR  will invest $1.5 billion in Jio Platforms, marking the fifth fundraising deal in a month by its digital unit and bringing the total amount of new investment to $10 billion. Other recent investors in Jio Platforms, which houses movie, music apps and telecoms venture Jio Infocomm, […]

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Hundreds of thousands evacuated as India, Bangladesh brace for super cyclone

Hundreds of thousands evacuated as India, Bangladesh brace for super cyclone

May 20, 2020

By Administrator_India Capital Sands India and Bangladesh evacuated around half a million people out of the way of the most powerful storm in a decade ahead of its landfall on Wednesday amid fears of heavy damage to houses and crops and disruption of road, rail and power links. The authorities’ task to save lives was […]

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Asia shares, oil rally on vaccine hopes, euro at two-week highs

Asia shares, oil rally on vaccine hopes, euro at two-week highs

May 19, 2020

By Administrator_India Capital Sands Asian shares jumped on Tuesday and oil extended gains on optimism the global economy would recover quickly following a successful early-stage trial of a coronavirus vaccine, while the euro hovered near a two-week top. MSCI’s broadest index of Asia Pacific shares outside of Japan rose 1.5% to two-week highs. Australia’s benchmark […]

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European shares rise on economic awakening; oil and gold jump

European shares rise on economic awakening; oil and gold jump

May 18, 2020

By Administrator_India Capital Sands European shares rose on Monday and oil prices climbed to their highest in more than a month as a loosening of coronavirus shutdowns boosted market sentiment, even as the deadly outbreak has yet to be fully contained. Warm weather is enticing much of the world to emerge from coronavirus lockdowns as […]

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India extends lockdown to May 31, to relax rules in some areas

India extends lockdown to May 31, to relax rules in some areas

May 18, 2020

By Administrator_India Capital Sands India on Sunday extended a nationwide lockdown to May 31, as cases exceeded 90,000 and further clashes erupted between police and stranded migrants. Schools, malls and other public places will remain mostly closed, though rules will be relaxed in areas with low numbers of cases, according to an order from the […]

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