Sweden has largely remained open while most of the countries observed an overall shutdown of business. Opting for the rather controversial approach of keeping restaurants, schools and parks open for public (while banning gatherings of more than 50 people and shutting museums), Sweden’s Chief Epidemiologist Anders Tegnell said that the country is focusing on long-term sustainability over drastic short-term tactics. In fact, Sweden’s ambassador to the United States said last month that the capital of the Nordic country, Stockholm, could reach Herd Immunity in May. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
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The nationwide lockdown was first announced by the Prime Minister on March 24 for 21 days in a bid to contain the spread of the novel coronavirus. It was first extended till May 3 and then again till May 17. The lockdown has been further extended till May 31. … [Read more...] about Centre likely to retain limited role and allow states have more say after Lockdown 4.0
In the U.S., state governments have largely carried the burden of responsibility for finding and allocating medical resources and determining mitigation policies. This has led to a patchwork response to COVID-19, with governors taking varying approaches to the outbreak. Alabama governor Kay Ivey, for example, didn’t call for residents to shelter-in-place until April 4 and allowed businesses to begin reopening on April 30 with some social distancing rules. New York, by contrast, established its stay-at-home order on March 22. It has begun reopening business in phases but has extended its stay-at-home order until June 13. Donovan says the success of these diverging tactics—New York’s more cautious rules versus Alabama’s aggressive push to reopen— will be judged along political party lines. … [Read more...] about As health misinformation and politics collide, social networks face a choice
Q) Any rate-sensitive stocks which could benefit the most from the RBI surprise rate cut and why?A) The demand for the invention of the vaccines has been high and the whole world is trying to invent vaccine or drugs which can cure the pandemic. So companies like United Phosphorus Limited, Tata Chemicals may have a bullish front. … [Read more...] about ‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
"Markets have closed on a positive note, after a volatile day of trade, in anticipation of GDP data due out later today. Global cues also were negative, following heightened US-China diplomatic issues, which offset stimulus news and economies opening up," Vinod Nair- Head of Research at Geojit Financial Services said. … [Read more...] about Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points