Mexico's economy ministry hit by cyber attack
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Mexico’s economy ministry hit by cyber attack

By  Administrator_India, Capital Sands Mexico’s economy ministry detected a cyber attack on some of its servers on Sunday but did not consider sensitive information to have been compromised, and beefed up safety measures, it said in a statement. It was the second high-profile cyber attack on the Mexican government after hackers demanded $5 million in […]

South Korea becomes biggest coronavirus centre outside China
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South Korea becomes biggest coronavirus centre outside China

By Ritu, Capital Sands South Korea reported 161 more coronavirus cases Monday, taking the nationwide total to 763 and making it the world’s largest total outside China. The country has seen a rapid surge in the number of coronavirus cases — adding more than 700 cases in less than a week — since a cluster […]

Protests in New Delhi against India's citizenship law ahead of Trump visit
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Protests in New Delhi against India’s citizenship law ahead of Trump visit

By Administrator_India, Capital Sands Police used tear gas to disperse large crowds in India’s capital of New Delhi on Sunday in the latest eruption of violence at protests over a new citizenship law, police officials said. Hundreds of people supporting the new law clashed with those opposing it, with the two groups pelting each other […]

China cuts benchmark lending rate to prop up virus-hit economy
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China cuts benchmark lending rate to prop up virus-hit economy

By  Administrator_India, Capital Sands China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak. The epidemic has disrupted global supply chains and caused widespread disruption to businesses and factory activity in China, prompting authorities […]

India may give reprieve to solar projects delayed by coronavirus fallout
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India may give reprieve to solar projects delayed by coronavirus fallout

By  Administrator_India, Capital Sands India will consider extending deadlines for completing solar energy projects to shield developers from stiff penalties after the coronavirus outbreak hit component supplies from China, a top government official said on Tuesday. Ratings agency Standard and Poor’s Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects […]

Dollar Gains on Virus Worries; Sterling Shows Strength
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Dollar Gains on Virus Worries; Sterling Shows Strength

By Ritu, Capital Sands The return of risk aversion to the financial markets Tuesday has prompted more gains for the U.S. dollar, amid concerns about the extent of the damage caused by the coronavirus in China, but sterling is also showing signs of strength. EUR/USD traded at 1.0836, just off the low of 1.0823, the lowest […]

India's use of facial recognition tech during protests causes stir
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India’s use of facial recognition tech during protests causes stir

By  Administrator_India, Capital Sands When artist Rachita Taneja heads out to protest in New Delhi, she covers her face with a pollution mask, a hoodie or a scarf to reduce the risk of being identified by police facial recognition software. Police in the Indian capital and the northern state of Uttar Pradesh – both hotbeds […]

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Oil prices steady as coronavirus-related demand concerns weigh

By Ritu, Capital Sands Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply. U.S. West Texas Intermediate crude  rose 3 cents to $52.08 a barrel, after […]

Asian shares slump, bonds rally as virus fears grow
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Asian shares hover around three-week highs on Chinese support measures

By  Administrator_India, Capital Sands Asian shares reversed earlier losses on Monday and moved back toward a three-week top as Chinese efforts to cushion the blow from a coronavirus outbreak cheered investors, although Japanese stocks faltered amid growing recession risks. Trading is expected to be light as U.S. stocks and bond markets will be shut on […]

Coronavirus scare leaves China's empty restaurants selling off stocks
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Coronavirus scare leaves China’s empty restaurants selling off stocks

By Ritu, Capital Sands Wang Chuanchao shuttered his restaurant in central Beijing three weeks ago as the scare over the coronavirus epidemic in country kept customers away and now he’s reduced to selling off vegetables on the street outside to cut losses. Anticipating packed tables at his 125-seater restaurant over the Lunar New Year, Wang […]