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Swing hits

Rain, landslides hit Assam. Check full list of cancelled trains

May 16, 2022 by www.moneycontrol.com

The Railways has short terminated/cancelled 29 trains because of the downpour. (Representational image) Assam has been hit by incessant rains and landslides. At least three people have died in the state and transportation has been hit. The Railways has short terminated/cancelled 29 trains because of the downpour. Check the full list of cancelled trains below: Trains have been further cancelled or partially cancelled. @ANI @PIB_Guwahati @PIBAgartala @ddnewsagartala @ddnews_guwahati @airnews_ghy @airnews_agt @airnews_silchar @silcharNOW @News18Northeast @DY365 @DimahasaoPolice @DimaDipr @cacharpolice @diprassam @RailMinIndia https://t.co/qk4ijqIWLl pic.twitter.com/9DvdyDPpJ5 — Northeast Frontier Railway (@RailNf) May 15, 2022 Close Dima Hasao, Cachar and Karbi Anglong districts have been the worst-hit by the deluge. In Dima Hasao, the Indian Air Force rescued over 100 passengers from a railway station on May … [Read more...] about Rain, landslides hit Assam. Check full list of cancelled trains

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Why is Coinbase crashing? COIN stock hits all-time low as crypto trading sinks

May 11, 2022 by www.fastcompany.com

Cryptocurrencies have taken a beating this year. As Gizmodo reports , many have lost up to half their value within the last six months alone. But the beating that crypto is taking in 2022 is affecting more than just the digital coins themselves: In the wake of Coinbase’s most recent quarterly earnings, we now know that some crypto trading platforms are also underperforming. advertisement Yesterday after the bell, Coinbase Global (Nasdaq: COIN) announced its Q1 2022 earnings. The results were not good and sent COIN stock plummeting. As of the time of this writing, COIN is down over 14.5% to $62.33 in pre-market trading. That’s an all-time low for Coinbase, which peaked at just over $319 last October. The company went public in a much-hyped direct listing a little over a year ago, the first major crypto exchange to list on U.S. markets. So, what sent COIN stock crashing? As CNBC reports , revenue fell 27% from a year ago. That decline was led by fewer users … [Read more...] about Why is Coinbase crashing? COIN stock hits all-time low as crypto trading sinks

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2021 Traffic Deaths Hit Highest Level In Over 15 Years

May 17, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline More than 42,900 people died in motor vehicle traffic crashes last year, the highest number since 2005, and a 10% surge from the year before, a government agency said on Tuesday, as traffic fatalities have continued to rise in recent years after several decades of a downward trend. Key Facts Traffic deaths in 2021 increased in 44 states as well as the District of Columbia and Puerto Rico, according to early estimates from the National Highway Traffic Safety Administration, an agency within the Department of Transportation. The 10% rise marks the largest annual increase in traffic deaths since the department began collecting data through its traffic fatality tracking system in 1975. Multi vehicle crashes, traffic deaths on urban roads, pedestrian fatalities, and deaths among drivers 65 years and older all increased by more than 12% in 2021, according to the data. Transportation Secretary … [Read more...] about 2021 Traffic Deaths Hit Highest Level In Over 15 Years

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As Musk tweets, advisers plug away to keep Twitter deal on track

May 18, 2022 by www.theedgemarkets.com

- A + A NEW YORK (May 18): In public, Elon Musk’s erratic tweets have sent Twitter Inc’s shares flailing, as traders bet that the billionaire is preparing to walk away from or re-negotiate his US$44 billion takeover of the social-media company. Behind the scenes, it’s more like business as usual, as advisers on both sides plug away at the day-to-day work of closing a megadeal. One potential sign that the deal is still on track: the 139-page filing that hit early Tuesday, detailing how the offer came together and Twitter’s rationale for accepting it. That document was the result of weeks of coordinated work by both Musk and Twitter’s teams, according to people familiar with the matter. Musk himself signed off on the final version — complete with a deal price of US$54.20 a share — before it was filed, the people said. The situation is similar at the banks that promised to finance the transaction, said the people, who asked not to be identified because the details are … [Read more...] about As Musk tweets, advisers plug away to keep Twitter deal on track

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Singapore Airlines’ second-half loss narrows as travel picks up

May 18, 2022 by www.theedgemarkets.com

- A + A (May 18): A welcome revival in travel and cargo demand helped Singapore Airlines Ltd narrow losses in the second half of the fiscal year through March, though the high price of oil weighed on the carrier, its annual results showed. The airline’s net loss in the October-March period was S$125 million (US$90 million), it said in a statement Wednesday, compared with a loss of S$804 million a year earlier. Sales more than doubled in the six-month period to S$4.79 billion. Singapore started unraveling tight Covid-19 travel restrictions in September, allowing fully-vaccinated people from certain countries to enter without having to quarantine — a boost to the flag carrier, which had suffered record losses in the height of the pandemic. With Singapore further loosening curbs in April, quarantine-free entry is available for inoculated travelers from anywhere. “Key markets around the world have further eased travel restrictions, supporting a strong recovery in … [Read more...] about Singapore Airlines’ second-half loss narrows as travel picks up

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Country Heights says not aware of reason for UMA

May 18, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (May 18): Country Heights Holdings Bhd (CHHB) informed Bursa Malaysia on Wednesday (May 18) that it was not aware of any corporate development that would have caused the sharp fall in its share price. The group also stressed that it is in compliance with the Bursa Securities Listing Requirements on immediate disclosure obligations. CHHB had opened one sen higher at RM1.20 but thereafter inexplicably nosedived on heavy trading volume to 83.5 sen — dropping 35.5 sen or 30% — hitting limit down and triggering an unusual market activity (UMA) query by Bursa Malaysia. The company is valued at RM247.99 million based on the stock price of 83.5 sen. In late April this year, the group said it intended to invest about RM250 million in capital expenditure (capex) for the next five years following its partnership with Beijing Wodong Tianjun Information Technology Co Ltd (JD.com) to develop an omnichannel business model in Malaysia. CHHB managing … [Read more...] about Country Heights says not aware of reason for UMA

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Malaysia to increase location production incentives to attract investors

May 18, 2022 by www.thestar.com.my

Malaysia is set to increase the value of its location-based incentives from the current 30% to 35%, the government is expected to announce this week in Cannes. The Film in Malaysia Incentive (FIMI) was launched in 2013, around the time that the Iskandar Malaysia studios were opened in the south of the country, and is administered by the National Film Development Corp (Finas). Finas and Communications and Multimedia Minister Tan Sri Annuar Musa will lead a Malaysian delegation at the Cannes Market and is expected to reveal details of the FIMI upgrade at a Malaysia-focused conference on May 19. "Finas intends to use the Marche film market as a platform to promote Malaysia as an international filming destination that offers 30% cash rebate through FIMI and up to 5% [additional] through a cultural test," Finas chief executive Prof Dr Md Nasir Ibrahim told state news agency Bernama, in a pre-departure briefing. Details of the cultural test may be outlined at the Cannes presentation. … [Read more...] about Malaysia to increase location production incentives to attract investors

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South Korean hip-hop artiste Jessi zooms back into action

May 18, 2022 by www.thestar.com.my

One of the busiest TV personalities in the Korean entertainment scene right now, singer and rapper Jessi has finally returned as a musician with her new single Zoom . Recently, Jessi conducted an online media showcase in Seoul to give a peek into how the song came out. Returning after six months with a new song, Jessi said: “I feel like it’s been much longer, but in terms of promoting my songs, it’s been around a year since What Type Of X .” The Korean American rapper’s first release of 2022, Zoom is a trap hip-hop tune that draws on the reality of people obsessing over capturing every moment on camera. “The producing was done in no time. It took around two days to finish producing it,” she said, adding, “It’s a feel-good song, just as with all my other songs, and this one also comes with several parts that will make you hum along.” She took part in writing the lyrics of Zoom , collaborating with Psy – her label chief and the singer of the 2013 global megahit Gangnam … [Read more...] about South Korean hip-hop artiste Jessi zooms back into action

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RTS project expected to cause traffic congestion in JB, says mayor

May 18, 2022 by www.thestar.com.my

JOHOR BAHRU: The Johor Bahru-Singapore Rapid Transit System (RTS) project is expected to cause some congestion in the city centre here, says Johor Bahru City Council (MBJB) mayor Datuk Mohd Noorazam Osman (pic). He said this was because the contractors had begun carrying out construction work including the procedure to transfer utility infrastructure. "There will be some congestion in Johor Bahru after this when the RTS project begins moving aggressively because the contractors and sub-contractors appointed are carrying out the work simultaneously. "This means that the area in Stulang Laut, R&F Mall JB shopping centre to the RTS area in Bukit Chagar will see development work moving in full swing," he told reporters when met at the MBJB Aidilfitri Open House here, on Wednesday (May 18). Johor Menteri Besar Datuk Onn Hafiz Ghazi was also present. Therefore, Mohd Noorazam hoped that the people in Johor Bahru could remain patient as the project would be beneficial to the … [Read more...] about RTS project expected to cause traffic congestion in JB, says mayor

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A lone bear, black magic and a $235 billion stock market crash

May 16, 2022 by www.moneycontrol.com

What does it take to trigger a crash in the stock market? A once-in-a-century pandemic? The biggest war in Europe in 70 years? The US Federal Reserve instantaneously cutting off the supply of the opium of record liquidity and low interest rates? Multi-year high inflation? How about black magic? The Oxford Dictionary defines black magic as a type of magic that is believed to use the power of the devil in order to do evil. In a world where boring financial data, profit and loss statements, and complex macroeconomic events sway the everyday movement of stock prices and stock indices, one Rajkot-based stockbroker claimed last week that he spent more than Rs 8 crore to engineer a multi-day crash in the stock market with the help of esoteric black magic. Close “We are responsible to a great extent for today’s fall and the fall of the past few days in the market. You won’t believe it, but we have spent over Rs 8.5 crore today in kala jadu (black magic) to create … [Read more...] about A lone bear, black magic and a $235 billion stock market crash

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