Happy Media

First Post July 19,2020 Gabriela Baczynska and Francesca Landini WARSAW/ROME (Reuters) - A stand-off between EU leaders at a summit in Brussels on Saturday threatened to derail plans for a massive stimulus fund to breathe life into their coronavirus-hammered economies. "We are in an impasse now. It is more complex than what was expected," Italian Prime Minister Giuseppe Conte said in a video on Facebook as the 27 European Union leaders neared the end of a second day of talks. "There are many issues that remain unresolved.” The budget commissioner of the bloc's executive reminded the leaders - who wore masks and kept their distance from each other - that COVID-19 was still among them and they needed to act. "Just a solemn reminder: the Corona crisis is not over: infections on the rise in many countries," Johannes Hahn tweeted. "High time to reach an agreement which allows us to provide the urgently needed support for our citizens+economies!"

First Post July 20,2020 BRUSSELS (Reuters) - French President Emmanuel Macron said on Sunday that there was a willingness to compromise for agreement on an economic recovery fund at the European Union's summit, but it should not come at the cost of ambition for the bloc. "The willingness to compromise should not deter us from the legitimate ambition that we need to have," he said as he arrived for the third day of a summit that has been deadlocked from the beginning. "We will see in the coming hours if the two are compatible." "This is not about the principle, it's because we are facing an extraordinary health, economic and social crisis, and because our countries and our countries need it - and we need European unity." Reference:- https://www.firstpost.com/business/macron-will-for-eu-summit-compromise-is-there-but-ambition-must-be-high-8617301.html

First Post July 19,2020 Former Delhi University professor GN Saibaba, who is serving life sentence in a prison in Nagpur for alleged Maoist links, has filed a bail application before the Nagpur Bench of the Bombay High Court, citing his weak health and the outbreak of coronavirus in the jail. After Saibaba filed the bail plea seeking urgent hearing into it, a division bench of Justices Atul Chandurkar and Amit Borkar on Tuesday issued notices to the Maharashtra government and other respondents to file their replies before 24 July, when the court will hear the case. In his bail application, Saibaba said his weak health along with comorbidities make him vulnerable to contract the coronavirus infection. He is lodged at the Nagpur Central Prison, where over 150 prisoners and 40 jail staffers have so far tested positive for coronavirus. The jail houses nearly 1,800 inmates while 265 police personnel are attached to it. Follow Latest updates on coronavirus outbreak here In Mar

First Post July 20,2020 A new Android malware has recently been reported, which is apparently equipped with data theft capabilities that allow it to target 337 Android applications. The malware is  named BlackRock  and was first seen in May by mobile security firm ThreatFabric, according to a report by  ZDNet. Reportedly, researchers say the malware was based on leaked source malware strain but was enhanced with more features, especially those that deal with theft of user passwords and credit card information. The report added that BlackRock works like most Android banking trojans but targets more apps than its predecessors. omsGuide  cited a ThreatFabric report that says that the  source code was made public  by its author around May 2019. The firm believes that BlackRock is the only banking Trojan currently using the source code. The report reveals that BlackRock steals credentials such as username and password from apps such as  Amazon, Cash App, eBay, Gmail, Google Play,

Firstpost July 20,2020 Kavya Narayan Since the first recorded use of 'immunisation' in humans to prevent smallpox (in 1796), the development and scope of vaccines has seen some, incremental progress. A new technology in development – messenger RNA vaccines – holds the potential to disrupt the entire approach to vaccine development. An mRNA molecule developed by American firm Moderna Therapeutics –  mRNA-1273  – is among the leading candidates  in human trials  for a working vaccine against the COVID-19-causing SARS-CoV-2 virus. Since the start of the pandemic that has brought the world to a halt, the company's stock price has tripled. Moderna isn’t the only company focused on mRNA, but it is currently the front runner in developing the technology, with over  20 different mRNA vaccines in their pipeline . In 2010, the company saw the biggest initial public offering (IPO) on record for a biotech company, raising a whopping $600 million for 8 percent of the c

Outline July 16,2020 In March, 288 apartments in a new Shenzhen property development sold out online in less than eight minutes. A few days later, buyers snapped up more than 400 units in a new housing complex in Suzhou. In Shanghai, apartment resales neared a record high in April, by one estimate. One Saturday last month, nearly 9,000 people each put down a deposit of one million yuan ($141,300) to qualify to buy apartments in a Shenzhen development. “I barely had time for lunch on weekends in March” when the market started bouncing back, said Zhao Wenhao, a Shanghai-based agent at Lianjia, one of China’s largest real-estate brokerage firms. Many clients worry China’s currency will depreciate in the global economic slowdown, he said, driving even more money into housing as a haven. The resulting asset bubble, many economists say, now eclipses the one in U.S. housing in the 2000s. At the peak of the U.S. property boom, about $900 billion a year was being invested in resi

Sunday Gaurdian July 18,2020 Shiv Kunal Verma New Delhi: For the last few weeks, one has repeatedly been saying both the Chinese intrusion in the Pangong Tso area and the activity opposite the Indian position in the Galwan Valley is a smokescreen. Unfortunately, like moths drawn to a naked flame, the chorus of having “lost territory” to the Chinese seems to have completely dominated the Indian mindset. Politics in a democracy like India’s is nothing but a game of perceptions and in what has now become a trademark of sorts, once again the optics are pushing us into a corner. The latest in this bizarre game of showmanship is the Defence Minister’s visit to Ladakh, once again with the CDS and the COAS in tow. The band seems to be playing only one tune at present and it seems to have the Prime Minister as its benchmark—what you can do, I can do even better! There obviously has to be a strategic and a military objective to the Chinese moves. Strategically, in the overall game pl

Money control  July 19,2020   In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) held that a company could exit an ongoing insolvency process even as an interim resolution professional had been appointed and a moratorium imposed under the Insolvency and Bankruptcy Code (IBC) by the adjudicating authority, that is the National Company Law Tribunal (NCLT). The latest move by the NCLAT paves the way for companies to settle claims and end ongoing insolvency cases, according to a report by the Indian Express. The 'corporate debtors' in such cases can thus arrive at a settlement with the lenders, even after initiation of the corporate insolvency resolution process (CIRP) under the IBC. The report notes that this new window could especially come as a relief to those firms already under the resolution process, with relatively smaller debts. However, all IBC proceedings have been halted for the time being in light of the COVID-19 pandemic. The Centre h

Money Control Ashwin Mohan  July 20,2020    India’s largest private sector mortgage financier Housing Development Finance Corporation (HDFC ) Ltd has finalised a legion of as many as 19 merchant banks for its fundraising exercise aimed at raising up to Rs 14,000 crore and bolstering its balance sheet,  multiple sources with knowledge of the matter told Moneycontrol. This is arguably the biggest consortium of merchant bankers/advisors ever taken on board by an Indian corporate for fundraising purposes in the equity capital markets and sets a new record for India Inc, these sources said. Moneycontrol was the first to report the finance powerhouse’s fundraising plans on June 17, 2020. “Morgan Stanley, Kotak Mahindra Capital, Bofa Securities, Jefferies, JP Morgan, Citi, Nomura, HSBC Securities, BNP Paribas, Credit Suisse, UBS, Goldman Sachs, SBI Capital, ICICI Securities, JM Financial, Motilal Oswal, Axis Capital, HDFC Bank and IIFL Capital are the 19 merchant banks w

OpIndia July 18,2020 The Islamic State (ISIS) has reportedly threatened to deface the offices of a nationalist Kerala-based channel, Janam TV. Besides, it threatened to kill all employees working at the said channel. In light of the threats given by the terrorist outfit, State police chief Loknath Behra has ordered the police department to enhance the security at the offices of Janam TV. ISIS sent threats to Janam TV over Instagram The Kerala unit of Islamic State (ISIS) has reportedly sent threats to the channel over Instagram. The terror outfit intimidated the employees of the channel to convert to the religion of Islam or get exterminated. The message read, “Mujahideen’s Message to Janam TV! We invite you to convert to Islam or else get ready to say goodbye to the world and face Allah’s wrath and punishment.” As per reports, Janam Tv has seen a drastic rise in TRP ratings and now features in top five Malayalam news channels in the State. The said channel provid

TFI Post Dated: July 19,2020 As per a report by Japanese newspaper Nikkei Asian Review, companies have lined up to seek funds from Japan’s Ministry of Trade, Economy and Industry in order to move their factories out of China. So far, a total of 87 companies signed up with the Ministry to move manufacturing units out of China, with 57 moving back to Japan and 30 to different Southeast Asian nations like Vietnam, Thailand, and Laos. As per the report, Hoya, which produces hard-drive parts, will move to Vietnam and Laos; Sumitomo Rubber Industries will make nitrile rubber gloves in Malaysia, meanwhile Shin-Etsu Chemical will shift production of rare-earth magnets to Vietnam. The Shinzo Abe-led Japanese government would pay 70 billion yen (or $653 million) to these companies as an incentive for moving factories outside China. Previously the Abe government had approved a stimulus package worth a whopping amount of 108.2 trillion yen (or $993 billion) – equal to 20 percent of Jap