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Asian shares slide after Wall Street retreat

Asian shares were mostly lower Thursday, with Tokyo dropping more than 1 per cent as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022.   Asian markets had been expected to fall after the Fed signaled a long path to recovery from the devastation of the coronavirus pandemic. Overnight, stocks ended a bumpy day mostly lower on Wall Street, though gains for several big technology companies helped push the Nasdaq above 10,000 for the first time. It gained 0.7 per cent, to…

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NEWS CATEGORIES WORLD NEWS 

Trump: No change at bases named for Confederate officers

President Donald Trump on Wednesday said his administration will not even consider changing the name of any of the 10 Army bases that are named for Confederate Army officers.   Two days earlier, Defense Secretary Mark Esper indicated that he was open to a broad discussion of such changes. These Monumental and very Powerful Bases have become part of a Great American Heritage, a history of Winning, Victory, and Freedom, Trump wrote. The United States of America trained and deployed our HEROES on these Hallowed Grounds, and won two World…

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NATIONAL NEWS NEWS CATEGORIES 

COVID crisis an opportunity, time for bold decisions and investments: Modi

Insisting that the COVID-19 crisis should be turned into an opportunity to create an ‘Atmanirbhar Bharat’, Prime Minister Narendra Modi on Thursday said this is the time to make bold decisions and investments. Addressing the 95th annual plenary session of the Indian Chamber of Commerce in Kolkata through video conference, he said, steps have to be taken to ensure that products imported from abroad are manufactured in the country. “In the last five-six years, India’s goal of self- reliance has been paramount in the policy and practice of the country.…

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AP sources: MLB players cut to 89 games, want prorated money

Baseball players moved toward teams but remained far apart economically in their latest proposal for starting the pandemic-delayed season, adamant they receive full prorated salaries while offering to cut the regular season to 89 games.   The proposal by the players’ association, given to Major League Baseball electronically Tuesday evening without a negotiating session, was detailed to The Associated Press by a pair of people familiar with the negotiations. They spoke on condition of anonymity because no announcements were authorized. MLB did not appear to view the proposal as productive…

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ENTERTAINMENT NEWS CATEGORIES 

I am working for migrants purely out of love for them: Sonu Sood

Catapulted to the national spotlight for his work in helping migrants reach their homes, actor Sonu Sood brushes off allegations that he is interested in politics and says he is doing what he is purely out of love . The actor, viewed as a messiah of sorts for migrants and also the unlikely centre of debates over his motivations and possible political leanings, has been arranging for transport for thousands of migrants desperate to return to their home states. I have nothing to do with politics. I am doing this…

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LEGAL NEWS NEWS CATEGORIES 

Booked in Lucknow, 6 Markaz attendee foreigners granted bail; nut not allowed to leave India

The Allahabad High Court has granted bail to six foreign nationals who had arrived here after attending a religious congregation at the Nizamuddin Markaz in Delhi and were booked under several sections of the law including the Epidemic Diseases Act and the Passport Act.   The bail was granted by the Lucknow bench of the Allahabad High Court on June 2. The court, however, set strict conditions including that they would not leave the country without permission of a court and be present before the trial court to face further…

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Indonesian capital’s reopening triggers concerns of 2nd wave

Eva Rahmi Salama worries that authorities in Jakarta, Indonesia’s sprawling capital, are acting too soon to lift restrictions put in place two months ago to fight the spread of the coronavirus.   Salama, who lives in Jakarta with her husband, has reason to be concerned. She saw firsthand the tremendous agony the virus can inflict when her mother and father both died from COVID-19 within two days of each other. As Indonesia’s overall virus caseload continues to rise, Jakarta has moved to restore normalcy by lifting some restrictions this week,…

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NEWS CATEGORIES WORLD NEWS 

Facing electoral headwinds, Trump brings back 2016 team

As anyone who has ever heard him speak knows, President Donald Trump loves to relive 2016.   He recycles old attack lines once aimed at Hillary Clinton. He recounts the drama of election night, complete with impersonations of stunned news anchors putting state after state (Pennsylvania! Wisconsin!) in the Republican’s column. And at other times, in private calls from the White House residence, he reminisces about the camaraderie of those days, turning nostalgic as he remembers being surrounded by a rag-tag team of campaign staffers as his private plane flew…

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NATIONAL NEWS NEWS CATEGORIES 

Defense: Harvard professor charged in China case is ‘victim’

The number of recovered COVID-19 patients has exceeded the total active cases in India for the first time on Wednesday, according to the Union Health Ministry data.   India reported close to 10,000 new instances of the infection in the last 24 hours till Wednesday 8 am, pushing the country’s cumulative caseload to over 2.7 lakh. The country has recorded 279 new fatalities due to COVID-19 in the last 24 hours, taking the death toll to 7,745. The number of active cases in the country stands at 1,33,632, while 1,35,205…

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Wade may not engage in verbal duels with India during home Test series

Australia wicket-keeper batsman Matthew Wade on Tuesday said he might stay away from sledging during this year’s home Test series against India as he feels Virat Kohli and Co thrive on verbal duels and use it to their advantage.   Wade has used sharp words to get into the skin of his opponents in the past, especially in the 2017 India ODI series and also during last year’s Ashes. However, the 32-year-old said he would not want to engage in verbal confrontations with Indian players as it might only spur…

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