This TikTok hack from @howdoesshe will upgrade your snack game
This TikTok hack from @howdoesshe will upgrade your snack game
The country also recorded 3,29,942 new cases over the past 24 hours.
Conservative Party candidate Jonathon Seed withdrew after a historic driving conviction came to light.
Victoria Covid hotspots: list of Melbourne coronavirus case locations. Here are the current coronavirus hotspots in Victoria and what to do if you’ve visited them
Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower. Japan’s Nikkei 225 sank 3.1% and Hong Kong lost 2% while Shanghai advanced. Despite reassurances from the Federal Reserve and a much weaker than expected U.S. jobs reading last week, investors have refocused on the potential for surging prices to pressure central banks into tapering off on their massive stimulus and ultra-low interest rates, analysts said.
(Bloomberg) -- The brutal Covid-19 wave sweeping across India tallying grim daily records has surpassed the severity of the 2020 outbreak. On the surface, the near-term outlook looks bleak for oil refiners, but a closer look reveals marked differences between this year’s situation and the last.While a raft of bearish calls predicting even worse demand this month has emerged after fuel consumption plunged in April, here are some reasons why India’s oil refiners and fuel marketers are better off this year, despite the virus tearing through one of the world’s most populous countries.1. The Big LockdownA snap nationwide lockdown implemented early last year to curb the spread of the initial wave crippled the economy, driving oil demand to the lowest in more than a decade and saddling refiners with a glut of fuels. Indian Prime Minister Narendra Modi has this time resisted calls for another broad shutdown, instead leaving it up to the states to impose a patchy framework of restrictions. That has allowed for some mobility and economic activity, helping refiners avoid deep and costly cuts to crude processing.“Indian refiners are in a better position than last year, but still not out of the woods,” said Arun Kumar Singh, the director for marketing and refining at the nation’s second biggest fuel retailer Bharat Petroleum Corp.Delhi has extended its lockdown again and adopted tighter restrictions, however. India’s largest carmaker, Maruti Suzuki India Ltd., on Saturday said it would extend its factory shutdowns for another week due to the outbreak.2. Ample StorageRefiners were forced to slash crude processing in 2020 after the lockdown decimated fuel demand. The volume of crude oil and fuels in storage rapidly swelled, prompting companies to scramble for every available option to house surplus supplies including inland depots, tanks at ports and ships at sea.Some such as Mangalore Refinery and Petrochemicals Ltd. have had to trim rates during the current wave, but this time there is abundant storage capacity after inventories were whittled down. Fuel exports surged to an 11-month high in March as a global demand recovery gathered pace over the first quarter, helping to drain bloated domestic stockpiles.3. Pockets of DemandThe reopening of parts of Europe, a key export market for Indian fuels, has provided a potential outlet for excess supplies. Shipments of products including gasoline and diesel are expected to be at 1 million barrels a day during the first week of May, on par with levels seen in January and February, but Vortexa forecasts an increase “could be imminent” if domestic demand falls further.Road fuel sales in the U.K. for the 7-day period through May 1 hit its highest level since the pandemic began, according to government data. The popularity of cars has been making a comeback across the world as people skip trains and buses, fueling a demand surge for oil and metals in countries that could afford the cost of ownership.In the U.S., gasoline prices surged to a three-year high in intra-day trading on Monday after a cyberattack took out the nation’s biggest pipeline operator. Even before Colonial Pipeline Co.’s system was forced offline, motor fuel had rebounded strongly this year.4. Markets Move ForwardThe dire situation engulfing India has forced change from others outside of the country, with Saudi Arabia cutting the official selling prices of its crude to Asian customers for June due to the outbreak. Still, broader oil markets have barely blinked, aided by the recovery in regions such as the U.S. and China.Global benchmark Brent crude is flirting with $70 a barrel, while Goldman Sachs Group Inc. said late last month that commodity markets have looked through a sharp rise in Covid-19 cases in India.Still, a full lockdown remains the big wildcard. The rapidly spreading virus has infected almost 23 million people as of May 11 and could spur more spirited calls for a full shutdown, which would dramatically shake up the outlook for energy consumption and weigh heavily on the nascent recovery.(Updates virus infections in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- British engineering firm Renishaw Plc is struggling to attract takeover interest because of a hefty price tag and list of ownership demands, people familiar with the matter said.Rival engineering companies Hexagon AB, Schneider Electric SE and Siemens AG all decided against pursuing Renishaw, the people said, asking not to be identified discussing confidential information. While several competitors viewed Renishaw and its technology as attractive, they were turned away by a high valuation that makes a deal prohibitively dilutive to earnings, the people said.Renishaw’s Monday closing price translates into nearly 51 times this financial year’s estimated profit, more than 50% above the average multiple for a basket of peers, data compiled by Bloomberg show. The U.K. firm, which has a market value of 4.1 billion pounds ($5.8 billion), received only a limited number of bids by a mid-April deadline after more than a dozen suitors looked at sales documents, the people said.The identities of the bidders that submitted proposals for Gloucestershire-based Renishaw couldn’t immediately be learned. Danaher Corp., which was considering partnering with Fortive Corp., and Swedish engineering group Sandvik AB had earlier been weighing offers, the people said.Renishaw is also seeking commitments from any new owners on research and development spending as well as maintaining local, high-quality manufacturing and jobs. Renishaw spent 66.6 million pounds on R&D in 2020, or 13% of revenue for the year, according to its annual report. Maintaining that level of investment could make it difficult for a new owner to cut costs and improve margins enough to justify a high price tag, the people said.The company could struggle to agree any sale at a premium to its current stock price, the people said. Its shares fell 5.7% to 5,685 pence at 8:15 a.m. Tuesday in London, on track for the biggest decline in more than two months.Founded in 1973, Renishaw sells precision measurement tools that help manufacturers produce and inspect components and keep machinery and industrial automation systems running. It also specializes in 3D printing parts from metal powder and sells products to a diverse set of industries, including health care.It is exploring a sale with the help of UBS Group AG. The company’s founders, Executive Chairman David McMurtry and Deputy Chairman John Deer, are both in their 80s and would prefer to sell their stakes entirely. Together they own 53% of the company.Should a deal fail to materialize, McMurtry and Deer could opt to sell down some of their shares in the market over time, the people said. They could also decide to place their stakes in a trust or keep Renishaw independent, according to the people. The sale process is ongoing, a person close to the company said.Asian companies including Japan’s Keyence Corp. and iPhone maker Foxconn Technology Group have also been touted as potential bidders for Renishaw, and a surprise suitor may yet emerge, the people said.A spokesperson for Hexagon confirmed the company had not made a bid for Renishaw. Representatives for Renishaw, Sandvik, Schneider and Siemens declined to comment, while spokespeople for Danaher and Fortive didn’t immediately respond to requests for comment.(Updates market value in third paragraph, share move in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The French Senate voted to weaken a constitutional commitment to fighting climate change and preserving biodiversity, setting it on a collision course with the lower house that may jeopardise prospects for a referendum. The Senate, dominated by opposition conservatives, took issue with a proposal in draft legislation that the constitution "guarantee" the fight against climate change, preferring wording that was less binding. Right-wing lawmakers expressed concerns that a state guarantee might become an obstacle to innovation and French businesses.
‘We do expect longer delays at the airport’: transport secretary, Grant Shapps
Matt Hancock says he is “worried” about the Indian Covid variant amid reports it is becoming more prominent in Britain and spreads faster than the Kent mutation. Scientists say that in England, in the two weeks to May 1, the proportion of Indian variant cases went from one per cent to 11 per cent of Covid-19 infections, with other variants less than one per cent. “We are worried about the Indian variant,” the Health Secretary told Times Radio.
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Hugging isn’t officially allowed yet, but that’s not stopping some people. Susannah Butter laments the return of awkward embraces
Sydney, May 11, 2021 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: St George Mining (ASX:SGQ) (FRA:S0G) has completed a $7 million private placement, issuing a total of 85,365,854 shares at a price of $0.082 per share to institutional and sophisticated investors. Click hereTriangle Energy (Global) Ltd (ASX:TEG) and Pilot Energy Ltd (ASX:PGY) have executed joint venture agreements and access deeds formalising the WA-481-P upstream joint venture and the Cliff Head Wind and Solar joint venture. Click hereMaximus Resources Ltd (ASX:MXR) has received strong gold intersections of up to 10.5 g/t gold within wide zones of mineralised stockwork at S5 prospect around 300 metres south of the historic high-grade Wattle Dam Gold Mine in Western Australia. Click hereTietto Minerals Ltd (ASX:TIE) has received bonanza grade gold results from infill drilling at Abujar‐Gludehi (AG) deposit, part of its 3.02-million-ounce Abujar Gold Project in Côte d’Ivoire, West Africa, which is on track to be West Africa’s next gold mine. Click hereMiramar Resources Ltd (ASX:M2R) extended the Marylebone target strike length to 1.7 kilometres during recent phase-2 aircore drilling, which returned 4-metre composite assays between 0.25 g/t and 1 g/t gold at depths of 44 to 60 metres within the Gidji joint venture project in Western Australia. Click hereArafura Resources Ltd (ASX:ARU) (OTCMKTS:ARAFF) (FRA:REB) has completed a feasibility study update for its 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory, confirming ultra-low operating costs of US$24.76 per kilogram of NdPr oxide. Click hereTwenty Seven Co Ltd (ASX:TSC) (FRA:U9V) is set to start auger drilling at the 100%-owned Yarbu Gold Project, around 160 kilometres northeast of Southern Cross and about 90 kilometres northwest of TSC’s Mt Dimer Project in Western Australia. Click hereMarvel Gold Ltd (ASX:MVL) (FRA:GR2) plans to unlock the value of its advanced Chilalo Graphite Project in Tanzania by spinning it out into a newly incorporated, wholly-owned subsidiary Evolution Energy Minerals Limited, which proposes to undertake an IPO to facilitate listing on the ASX. Click hereEuropean Lithium Ltd (ASX:EUR) (FRA:PF8) (VIE:ELI) is set to add to its strategic lithium endowment in the heart of Europe after entering a Collaboration Agreement with Jadar Resources Ltd (ASX:JDR) (FRA:R1E) on its Austrian tenements. Click here About Proactive With six offices on three continents and a team of experienced business journalists and broadcasters, Proactive works with innovative growth companies quoted on the world’s major stock exchanges, helping executives engage intelligently with investors. Proactive’ s platform delivers the right message to the right audience, digitally and in real time, leveraging a range of media, investment research, digital investor targeting and website development services to support over 1,000 fast-growing companies globally. Proactive’s network reaches over 12 million engaged private, professional and institutional investors looking for opportunities. • Our written and video content is published on Proactive sites that collectively attract up to 10 million views per month.• We syndicate our content to hundreds of mainstream and specialist news sites that expand our reach into networks that can be difficult for press releases to penetrate.• We custom build corporate websites from the ground up, empowering clients and their brands with a modern online presence and the latest insight on effective SEO strategy.• Our news coverage ranks high on the world’s most popular search platforms, and we can further amplify online presence and outreach with sophisticated digital investor targeting.• We help the world understand what makes companies stand out from the crowd with in-depth investment research from a team of experienced analysts. For more information on how Proactive can help you make a difference, email us at email@example.com
Just 536,000 people travelled through the London airport last month, a 92% reduction on the total for April 2019.
Asia-Pacific stocks declined following a sell-off in tech stocks that weighed down major US indexes
Previous recipients include Elton John and David Bowie
U.S. electric car maker Tesla Inc has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by U.S.-China tensions. With 25% tariffs on imported Chinese electric vehicles imposed on top of existing levies under former President Donald Trump still in place, Tesla now intends to limit the proportion of China output in its global production, two of the four people said. Tesla had earlier considered expanding exports of its China-made entry-level Model 3 to more markets, including the United States, sources told Reuters, a plan that had not previously been reported.
Ceremony will host a live audience of 4,000 people at the O2 Arena in London
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Washington's Russell Westbrook got his record-setting 182nd career triple-double on Monday, but the Atlanta Hawks came away with a 125-124 victory over the visiting Wizards. Westbrook had 28 points, 13 rebounds and 21 assists, his 36th triple-double of the season, passing Oscar Robertson's career mark. It was his fifth triple-double in a row and his 18th in his past 21 games.
Biden administration deferring to private company to say whether ransom was paid