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Starship
Supreme |
20-Apr-2021 16:49
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India Reports Record 273,810 Daily COVID Cases April 19, 2021 04:41 PM India' s health ministry Monday announced a record 273,810 new COVID cases in the previous 24-hour period while officials in the capital, New Delhi, announced a weeklong lockdown.  The infections reported Monday are the most the country has seen in a single day since the pandemic began.  About 1 in 3 people tested for COVID-19 in New Delhi recently returned a positive result, according to the city' s chief minister Sunday.   " The bigger worry is that in last 24 hours, positivity rate has increased to around 30% from 24%," Arvind Kejriwal, chief minister of Delhi, told a news briefing Sunday.   " The cases are rising very rapidly. The beds are filling fast," he said.   People in Delhi have turned to social media to complain about the lack of oxygen canisters and the shortages of hospital beds and drugs.    With more than 15 million total infections, India is second to the United States, which has recorded 31.6 million cases.   Former Indian Prime Minister Manmohan Singh, 88, was hospitalized Monday in New Delhi after testing positive for COVID-19.  Just more than 1% of India' s population has been vaccinated, according to Johns Hopkins Coronavirus Resource Center.    https://www.voanews.com/covid-19-pandemic/india-reports-record-273810-daily-covid-cases |
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the3nomads
Supreme |
20-Apr-2021 16:07
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ST: Philippine hospitals struggle to cope as more severe Covid-19 wave hits.
The country has averaged more than 10,400 daily cases since the start of April, nearly double the level in March. This is version 2.0. The cases are higher, we are more exhausted," says an ambulance nurse working in a Manila satellite city.
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the3nomads
Supreme |
20-Apr-2021 15:59
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ST JUST IN: Singapore reports 14 new Covid-19 cases, including 1 in a foreign workers' dormitory. STRAITSTIMES.COM | ||
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Starship
Supreme |
20-Apr-2021 15:50
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Worker at Auckland airport tests positive for COVID-19 a day after trans-Tasman travel bubble opens 4 hours  ago,  updated  1 hour  ago A worker at Auckland airport has returned a positive test result for COVID-19, but  New Zealand Prime Minister Jacinda Ardern has said she does not expect it to shut down quarantine-free travel across the Tasman. The positive case came just a day after the trans-Tasman bubble  opened. Ms Ardern, speaking after the New Zealand Ministry of Health confirmed  authorities were following the usual process of isolating the case, interviewing them and tracing their contact movements was underway, revealed she had not yet spoken to Australian Prime Minister Scott Morrison. " Our Minister of Health has kept in touch with his counterpart," she said. " So they are directly communicating, so are our officials. " Everyone, therefore, knows the case we have and that it' s connected to the border. And these are the kinds of scenarios where we would anticipate moving continuing." The case was detected in a worker who had been cleaning the interiors of aircraft used to transport people from high-risk countries into New Zealand, some of whom have COVID. " I can confirm that that was someone who was vaccinated, and fully vaccinated,  quite early on in the campaign," Ms Ardern said. " This is also someone who is part of routine testing. So they were last tested on the 12th and then the 19th. So regular testing. And it was their most recent test in which this case has been picked up." New Zealand authorities have identified 16 close contacts of the infected worker  and they have tested five people they live with, all of whom  have returned negative results. " Close contacts from the person' s workplace are being identified, isolated, and tested," New Zealand' s Ministry of Health said. Extra testing sites have been set up at Auckland airport. " The ministry' s assessment, based on what we know so far, is that the risk to the public appears low,"   it said. Swabs from the infected worker have been sent for full genome testing and further information is due to be released tomorrow. " The results of the whole genome sequencing will help provide information on how the person became infected," the Ministry of Health said. Health Minister Greg Hunt said he had been briefed by his New Zealand counterpart and by Australia' s Chief Medical Officer about the case. " This worker has been working in the hot zones, receiving planes from those areas overseas which have higher case loads, and they' re onto this," he said. He said the government had  full confidence in New Zealand' s systems. " We' ve seen them deal with the inevitable outbreaks, and there will be other days when there are cases in Australia," he said. Almost 2,000 people went  to New Zealand on the first day of the new travel arrangement, with about 30 flights departing Australia. " One of the things that really got me was seeing  families where clearly they were introducing new babies for the first time, and that was just beautiful to see," Ms Ardern  told ABC News Breakfast. While a  one-way travel bubble for New Zealand residents to come to Australia has been in operation since October,  the reciprocal arrangement for people flying from Australia to New Zealand  faced repeated  setbacks. Earlier on Tuesday, Ms Ardern said  an outbreak of the virus could result in a pause on travel, if parts of New Zealand were sent into lockdown. " But if, for instance, it is a known situation that' s connected to a border worker ...  then we wouldn' t anticipate changing up  travel arrangements," she said. https://www.abc.net.au/news/2021-04-20/worker-at-auckland-airport-tests-positive-for-covid-19/100081416 |
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the3nomads
Supreme |
20-Apr-2021 15:06
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REUTERS: India reports daily rise in COVID-19 cases of 259,170. India's daily COVID-19 cases retreated from record levels on Tuesday, but stayed above the 200,000 mark for a sixth straight day. | ||
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the3nomads
Supreme |
20-Apr-2021 13:16
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BLOOMBERG Opinion | The Pandemic Will Be More Deadly This Year...with 1.37 billion people around the world and too little urgency in terms of Covid prevention...Consider the surging case count in India, a false sense of complacency is discouraging any course correction, and numbers could get worse still around the world. BLOOMBERG.COM | ||
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the3nomads
Supreme |
20-Apr-2021 13:12
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BLOOMBERG: LATEST: China's President Xi Jinping challenged U.S. global leadership with a thinly veiled warning for Washington and its allies to stop "bossing others around." Xi Challenges U.S. Global Leadership, Warns Against Decoupling. The Chinese President Xi Jinping also called for greater global economic integration....ITS ABOUT TIME LOR 💕 | ||
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the3nomads
Supreme |
19-Apr-2021 23:46
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NEWSWEEK.com: A Dogecoin investor has told Newsweek of how he became a millionaire after investing his life savings in the meme cryptocurrency. | ||
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the3nomads
Supreme |
19-Apr-2021 23:34
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BLOOMBERG: Coinbase is a shovel, not a nugget of digital gold. The Crypto's Coming of Age May Kill the Bitcoin Bubble...Coinbase is being taken as a sign of the industry?s maturity that?s another way of saying that excitement has passed its peak BLOOMBERG.COM | ||
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the3nomads
Supreme |
19-Apr-2021 23:29
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SouthChinaMorningPost: British coronavirus variant may have come from dogs, researchers say. Shanghai-based researchers say early forms of the B117 variant have been found in samples taken from dogs The mutation was first identified in southern England but has spread rapidly in several countries. | ||
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the3nomads
Supreme |
17-Apr-2021 14:34
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REUTERS: India reported a record daily increase of 234,692 COVID-19 infections over the last 24 hours, health ministry data showed on Saturday. | ||
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the3nomads
Supreme |
17-Apr-2021 12:19
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MSNBC: Trump's Legal Storm ... Judge warns citizen Trump he could be in trouble. | ||
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the3nomads
Supreme |
17-Apr-2021 03:14
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CNN Breaking: President Joe Biden ordered flags to be lowered to half-staff on Friday in the wake of the mass shooting at an Indianapolis FedEx facility that killed at least eight people, calling gun violence an "epidemic" the country must address now. | ||
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the3nomads
Supreme |
16-Apr-2021 20:41
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STRAITSTIMES.COM Grab considering secondary Singapore listing after US Spac merger... Listing on SGX would enable Grab to have an investor base close to where its regional business is based.. Read more at straitstimes.com. While Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange, said a source. | ||
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the3nomads
Supreme |
16-Apr-2021 20:39
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Kena caught? No wonder BB vols thinner of late 😂
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Starship
Supreme |
16-Apr-2021 17:33
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Singapore trader&rsquo s lavish lifestyle allegedly fuelled by S$1 billion fraud Thu, 15 April 2021, 1:18 pm (Bloomberg) &mdash At 33, Ng Yu Zhi had all the trappings of a wildly successful trader: a Rolodex full of rich clients, a three-story villa in a posh Singapore neighbourhood and a Pagani Huayra supercar reportedly worth more than US$5 million. Local prosecutors allege Ng also had a dark secret: His lavish lifestyle, they say, was built on lies. In a case that has riveted Singapore&rsquo s moneyed-classes, Ng was charged last month with four counts of fraud for allegedly raising at least S$1 billion (US$740 million) from investors for commodity trades that didn&rsquo t exist. The police have called it one of the city-state&rsquo s largest-ever suspected investment fraud schemes. It&rsquo s also the latest in a series of scandals in the financial and commodities-trading hub, where assets under management have swelled to S$4 trillion thanks largely to inflows from overseas. Much about Ng and his dealings remains shrouded in mystery. But open court proceedings, interviews with investors and charge sheets by Singapore prosecutors indicate the young financier was able to raise huge sums of money by touting average quarterly gains of 15% &ndash - a track record that would have placed him in the same league as the world&rsquo s top-performing hedge fund managers. While Singapore offers plenty of legitimate business opportunities, there will likely be other instances of suspect behaviour as money flows into the country and investors reach for returns in an era of historically low interest rates, according to Song Seng Wun, an economist at CIMB Private Banking who&rsquo s been working in the country&rsquo s finance industry for more than three decades. &ldquo This won&rsquo t be the last case and that&rsquo s the sad reality,&rdquo Song said. Attempts to reach Ng for comment via email were unsuccessful. His lawyer, Davinder Singh, executive chairman of Davinder Singh Chambers, didn&rsquo t reply to emailed questions. It&rsquo s unclear from charge sheets and court proceedings whether Ng has entered a plea. A citizen of Singapore, he&rsquo s been released on S$1.5 million bail and is subject to electronic monitoring. The court will hear further proceedings in coming weeks. While little is known about Ng&rsquo s early life, he had become an increasingly visible figure in Singapore&rsquo s philanthropic, supercar and corporate communities in recent years. In August 2020, he won praise from the prestigious Yong Loo Lin School of Medicine at the National University of Singapore for his contribution to a fundraising drive. A Pagani Huayra supercar was among S$100 million of assets seized from Ng by the nation&rsquo s Commercial Affairs Department, the Straits Times reported, citing sources it didn&rsquo t name. &ldquo It is inappropriate to comment on ongoing police investigations,&rdquo the Singapore police said when asked about the seizure. Industry sources have valued Ng&rsquo s Pagani Huayra at between S$7 million and S$8 million,  according  to the Straits Times. Ng&rsquo s business interests spanned everything from commodities trading and tech startups to Japanese restaurants and a veterinary clinic, according to corporate filings. The fraud allegations against Ng centre on his dealings at Envy Asset Management and Envy Global Trading, companies he controlled and where he was a director. Of the more than S$1 billion that was invested in the companies, S$300 million was transferred to Ng&rsquo s personal account while an estimated S$200 million remains unaccounted for, prosecutors alleged in court proceedings last month. While investors received payments worth S$700 million, they&rsquo re owed another S$1 billion based on the face value of outstanding contracts, prosecutors said. Both Envy Asset and Envy Global are under investigation by Singapore police, according to a police statement, though only Ng has been charged. An external representative for Envy Global didn&rsquo t respond to emails seeking comment. Envy Asset is no longer active, the representative of Envy Global said in February. Ng&rsquo s purported investment strategies that are under the spotlight were linked to nickel, a key ingredient in many electric-car batteries. The metal has become a popular speculative bet in recent years amid soaring demand for Teslas and other EVs. In one transaction described in charge sheets, Ng was involved in raising money from investors claiming he would use it to buy nickel from an Australian company called Poseidon Nickel Ltd. He never followed through with the purchase, prosecutors said. Poseidon&rsquo s chief executive officer, Peter Harold, said in an email that the company has had no engagement with Ng or related entities. Ng was involved in deceiving investors into buying supposed forward contracts that were purportedly with French lender BNP Paribas SA, but those contracts didn&rsquo t exist, according to the charge sheets. BNP had no account or trading history with Ng, Envy Asset Management or Envy Global Trading, a person familiar with the matter said. A BNP spokesperson declined to comment. One person who said he began investing with Ng in 2018 after hearing about him through business associates said he never withdrew money because he believed Ng was delivering sustained high returns. Documents seen by Bloomberg that were sent by Envy Asset Management to potential investors and partners include details such as purchase and sale prices of prior nickel transactions, contract durations and expected profits in percentages down to the fourth decimal point. Ng&rsquo s investors included Envysion Wealth Management Pte., a Singaporean fund management company, and its founder Shim Wai Han. While Envysion has a similar name to those of Ng&rsquo s companies and shared meeting rooms and pantry services with them through a rental agreement, Shim said in an April 1 interview and subsequent messages that Envysion is otherwise unrelated to Ng. He isn&rsquo t an owner or executive at Envysion, she said. Prosecutors allege that Ng convinced Envysion and Shim to invest S$48 million in receivables on nickel products that never existed. &ldquo Our objective now is just one thing,&rdquo Shim said in the interview. &ldquo To get back the money for investors and for ourselves.&rdquo The Monetary Authority of Singapore, the nation&rsquo s financial regulator, is  conducting  a supervisory review of Envysion to determine if there have been governance or risk management failures by its board and senior management. Envysion hasn&rsquo t been accused of any wrongdoing, Shim said in the interview. Shim said she and Envysion are &ldquo working on this together with MAS to help investors.&rdquo She said she conducted due diligence into her investments with Ng, including by asking friends in the commodities industry to assess his trades and strategy. Other executives at Envysion also did due diligence on the investments with Ng, according to Shim. Both Envy Asset and Envy Global aren&rsquo t licensed by MAS, since the regulator doesn&rsquo t require licenses from firms investing in physical assets for high-net worth investors or institutions. MAS put Envy Asset on its investor alert list last year to highlight that the firm may have been wrongly perceived as being licensed by MAS,  according  to a March statement from the monetary authority. Ng has been removed as managing director of Envy Global, the company said last month, adding that it established an independent interim management committee to meet obligations to clients in cooperation with authorities. While Singapore is far from the only place grappling with instances of suspected fraud, large corporate scandals have made waves in the city in recent years &mdash including the collapse of oil trading giant Hin Leong Trading Ltd. last year. Authorities have to strike a balance between ramping up reporting requirements to alleviate concerns about misbehaviour and supporting the expansion of the financial centre, said Lawrence Loh, director of the Centre for Governance and Sustainability at the National University of Singapore Business School. &ldquo If you put in the sledgehammer too harsh, maybe no investment will come.&rdquo https://sg.finance.yahoo.com/news/singapore-trader-lavish-llfestyle-allegedly-fuelled-by-sgd-1-billion-fraud-051821720.html |
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the3nomads
Supreme |
16-Apr-2021 11:16
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ZAOBAO.COM.SG: 中 国 一 季 度 GDP料 激 增 19%创 新 高 逾 70家 机 构 预 估 中 值 显 示 , 中 国 今 年 经 济 预 计 增 长 8.6%; 低 基 数 下 , 一 季 度 GDP同 比 增 速 高 达 19%创 纪 录 新 高 , 此 后 逐 季 回 落 至 8%、 6.4%和 5.3%。 | ||
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the3nomads
Supreme |
16-Apr-2021 02:46
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REUTERS: Two Covid patients share a bed in Delhi hospital as India's COVID crisis spirals... Gasping for air, two men wearing oxygen masks share a bed in a government hospital in India's capital New Delhi, victims of the country's growing COVID-19 crisis. | ||
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the3nomads
Supreme |
15-Apr-2021 12:24
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BangkokPost: Mumbai prepares for lockdown.... India's coronavirus infections reached a record on Wednesday, as crowds of pilgrims gathered for a religious festival despite oxygen shortages at some hospitals and strict coronavirus curbs in other areas. | ||
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the3nomads
Supreme |
15-Apr-2021 11:39
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REUTERS: Brazil virus is mutating, may be more dangerous. The Brazil?s P1 coronavirus variant, behind a deadly COVID-19 surge in the Latin American country that has raised international alarm, is mutating in ways that could make it better able to evade vaccines, according to scientists studying the virus. | ||
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