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Supreme Court order for free coronavirus testing may hinder fight, say business leaders, health experts
By Ritu, Capital Sands A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, already among the world’s lowest, said business leaders and health experts. The concern is that private medical firms, like many businesses in […]
Asian stocks gain on hopes pandemic is approaching peak
By Administrator_India Capital Sands Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%, following a strong Wall Street close. […]
Dollar creeps higher as virus worries return
By Administrator_India Capital Sands The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback rose on most majors besides the safe-haven Japanese yen, a day after suffering its worst drop against a basket […]
UK PM Johnson in intensive care, needed oxygen after COVID-19 symptoms worsened
By Ritu, Capital Sands British Prime Minister Boris Johnson was in intensive care on Tuesday after receiving oxygen support for serious COVID-19 complications, leaving his foreign minister to lead the government’s response to the accelerating outbreak. Johnson’s personal battle with the virus has shaken the British government just as the United Kingdom enters what scientists […]
India lifts restrictions on 24 drug exports amid coronavirus
By Administraor_India Capital Sands India, the world’s main supplier of generic drugs, has lifted restrictions on the export of 24 pharmaceutical ingredients and medicines made from them, the government said in a statement. It had imposed the restrictions last month as the coronavirus outbreak disrupted global supply chains. Paracetamol, a common pain reliever, and its […]
Euro zone investor morale hits all-time low on coronavirus
By Ritu, Capital Sands Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the euro zone fell to -42.9 from -17.1 in […]
UK PM Johnson hospitalised for tests after persistent coronavirus symptoms
By Administrator_India Capital Sands British Prime Minister Boris Johnson was admitted to hospital for tests on Sunday after suffering persistent coronavirus symptoms 10 days after testing positive for the virus, though Downing Street said he remained in charge of the government. Johnson, who was isolating in Downing Street after testing positive last month, still had […]
Sterling to regain some lost ground but forecasts slashed
By Administrator_India Capital Sands Britain’s pound will have regained some of its lost ground against the dollar in a year but forecast was slashed from a month ago as the coronavirus pandemic continues to wreak havoc globally. Sterling has been hammered in recent weeks as fears about the economic impact of the pandemic sent investors […]