Asia Covid19 

A billionaire Punjabi charters repatriation mission for workers, tourists stuck in UAE

A billionaire Punjabi in Dubai has taken charity to new heights by virtually launching chartered flights to bring distressed compatriots back. Philanthropist Surinder Pal Singh Oberoi is now a messiah for workers and tourists who have been stuck in the UAE due to COVID-19 travel restrictions. This week a first batch of 177 people returned to Chandigarh and reunited with their families. Three more flights have been lined up this month; four in August. “We are arranging free charter flights mainly to repatriate low-income workers who have lost their jobs…

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Financial Services 

Central Bank of Nigeria (CBN) Devalues Naira Again

CBN raised the rate at the Secondary Market Intervention Sales (SMIS) a window where importers access foreign currencies from N360/$1 to N380/$1 with a direction to bidders to comply appropriately. The regulation came less than two weeks after CBN Guv Godwin Emefiele hinted that the peak bank was moving towards ending the multiple-rate regime. As at press time, it was not clear whether the current modification would mark the start of the planned rate harmonisation. Efforts to validate this and the validity of the regulation, which is yet to be…

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Covid19 South America 

Colombia Coronavirus Lockdown Extended Until Aug. 1

Colombia’s national lockdown to control the spread of coronavirus will be extended by just over two weeks until Aug. 1, President Ivan Duque said on Tuesday. The Andean country has reported more than 124,400 cases of the novel coronavirus and 4,359 deaths. Duque declared a national lockdown in late March to slow coronavirus infections across the country. While thousands of businesses have begun reopening, the lockdown was due to be lifted on July 15. “After analyzing the country and considering we have cities where the rate of cases has accelerated…

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Advertising Africa 

JJ Vallow, Tylee Ryan bodies found on Chad Daybell property, relatives say

Relatives of two children missing since September said Wednesday that the bodies of two kids uncovered in rural Idaho are the young boy and his big sister, whose mother and her husband are behind bars in the case that has seized global attention. Authorities have not released the identities of the bodies discovered on the property of Chad Daybell, who married the children’s mother, Lori Vallow Daybell, a few weeks after the kids were last seen. But Joshua “JJ” Vallow’s grandfather Larry Woodcock told the Post Register in Idaho Falls…

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Asia Covid19 

Philippines borrows $4.55 billion for COVID-19 response

MANILA – The Philippines has secured some $4.55 billion in foreign loans from different financial institutions for its COVID-19 response as of mid-May, the Department of Finance said Sunday. Of this figure, $1.7 billion was from the Asian Development Bank (ADB) and $500 million was from the World Bank, the DOF said in a statement. Some $2.35 billion was raised from the dual-tranche issuance of the Philippines’ global bonds, which fetched rates of 2.45 percent for the 10-year and 2.95 percent for the 25-year, both the lowest ever for a…

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