This Domain For Sale.

Interested to Buy.., Please Contact sales@domainmoon.com

Tax-News.com: COVID-19: Austria Suspends Tax Administrative Proceedings

The Austrian Ministry of Finance has announced that proceedings in relation to tax offences and the payment of duties and fees will be extended due to restrictions on movement imposed as a result of the COVID-19 virus.


View Details..

Tax-News.com: COVID-19: Austria Exempts Employee Bonuses From Tax

The Austrian parliament has approved measures to exempt allowances and bonuses paid to employees from all taxes as part of the Government's economic response to the COVID-19 crisis.


View Details..

Tax-News.com: Brazil Adds To COVID-19 Tax Response

Brazil has announced a number of additional tax payment and filing concessions in response to COVID-19.


View Details..

Tax-News.com: OECD Updates List Of International COVID-19 Measures

On April 9, 2020, the OECD released an update to a spreadsheet hosted on its website that maps out all the various tax policy responses countries have taken to support individual and corporate taxpayers following the outbreak of COVID-19.


View Details..

Tax-News.com: Switzerland Has Improved Adherence With Tax Transparency Standards

The OECD's Global Forum has found Switzerland largely compliant with the international standards on transparency and the exchange of information upon request.


View Details..

Tax-News.com: African States Urged To Consider COVID-19 Tax Responses

The African Tax Administration Forum (ATAF) has published a new report titled "Suggested COVID-19 Measures for Revenue Authorities."


View Details..

Tax-News.com: Ireland Expands COVID-19 Support For SMEs

The Irish Government has announced the expansion of its support measures for SMEs affected by the economic impact of the coronavirus.


View Details..

Tax-News.com: Italy Announces Further COVID-19 Tax Measures

On April 6, 2020, Italy's Council of Ministers announced further measures to support taxpayers affected by the COVID-19 virus, including the postponement of value-added tax, social security, and wage withholding payment deadlines.


View Details..

Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues

The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules.


View Details..

Tax-News.com: Germany Issues Draft Guidance On DAC6

On March 2, 2020, the German Ministry of Finance released a draft discussion document on new rules implementing the sixth European Union Directive on Administrative Cooperation, under which intermediaries are obligated to report certain tax planning schemes.


View Details..

Tax-News.com: OECD Publishes Comments On CbC Reporting Review

The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received.


View Details..

Tax-News.com: Brexit Negotiations To Begin This Month

The European Council has authorized the opening of negotiations for a new partnership with the UK, and mandated the Commission to act as the EU's negotiator.


View Details..

Tax-News.com: Hong Kong Announces Tax Credit Handout In 2020 Budget

Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment.


View Details..

Tax-News.com: Netherlands To Probe Employment Status Tax Abuse

The Dutch Tax and Customs Administration has launched a campaign to monitor the employment status of individuals working in the care and construction sectors.


View Details..

Tax-News.com: European Parliament Seeks Aligned EU-UK Rules

Members of the European Parliament want the EU and UK to reach an ambitious new free trade agreement, but have stressed that there must be a "level playing field."


View Details..

Tax-News.com: Malta Told To Amend VAT Rules For Yacht Leasing

The European Commission has again asked Malta to amend its method for calculating VAT on yacht leasing.


View Details..

Tax-News.com: Germany Urged To Ensure Data Sharing On Call-Off Stock Arrangements

Germany's IT systems are not ready for the VAT "quick fix" simplifications that entered into force on January 1, 2020, according to the European Commission.


View Details..

Tax-News.com: EU To Soon Launch Tax And Trade Talks With UK

The European Commission has taken the first step toward negotiating a new relationship with the UK by issuing a recommendation to the European Council that the talks should commence.


View Details..

Tax-News.com: Aruba Releases Transfer Pricing Documentation Templates

Caribbean territory Aruba has released instructions on the completion of transfer pricing documentation and released model templates for completion.


View Details..

Tax-News.com: UK Reports On Adoption Of EU's DAC6 Tax Scheme Reporting Rules

On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes.


View Details..

Tax-News.com: New Austrian Government Agrees On Tax Reforms

The new Austrian coalition government, consisting of the conservative People's Party and the Green Party, has agreed on a program for government, which includes several significant tax measures.


View Details..

Tax-News.com: US IRS Updates Virtual Currency FAQs

The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies.


View Details..

Tax-News.com: Austria Publishes Digital Tax Guide

The Austrian Ministry of Finance has published guidance in English regarding the Digital Tax Act 2020, which was approved by the upper house of the Austrian parliament on October 10, 2019, and which applies to the provision of digital advertising services from 2020.


View Details..

Tax-News.com: Seychelles Enacts Law For New Property Tax

Seychelles' new Immovable Property Tax Act, 2019, was enacted on December 27, 2019.


View Details..

Tax-News.com: German FinMin Outlines 2020 Tax Changes

The German Ministry of Finance has outlined a number of tax changes that are due to take effect in 2020 and 2021.


View Details..

Tax-News.com: Turkey Extends VAT Exemption For Machinery

On December 24, 2019, a law was published in Turkey's official gazette extending a value-added tax exemption for the purchase of machinery and equipment.


View Details..

Tax-News.com: EU Introducing Next Raft Of Anti-BEPS Measures

The provisions of the EU's second Anti Tax Avoidance Directive will become effective in all member states from January 1, 2020.


View Details..

Tax-News.com: Luxembourg's 2020 Budget Approved By Parliament

On December 19, 2019, Luxembourg's Chamber of Deputies approved the Government's Budget for 2020, which among other measures includes important changes to the validity of advanced tax rulings.


View Details..

Tax-News.com: Dutch Senate Approves Tax Plan

On December 17, 2019, the Dutch Senate approved numerous tax measures as part of the 2020 Tax Plan, including changes to corporate, individual, and value-added taxes.


View Details..

Tax-News.com: EU Backs 'Accidental Americans' In US Tax Fight

In a letter to United States Treasury Secretary Steven Mnuchin, the European Council has expressed concern at the lack of action by the US Government to alleviate the compliance burdens of EU nationals and financial institutions with regards to the US Foreign Account Tax Compliance Act.


View Details..

Tax-News.com: Switzerland Redrafts Double Tax Treaty Law

The Swiss Government has released new legislation governing Switzerland's application of provisions in its network of double tax agreements.


View Details..

Tax-News.com: IRS Issues Final Foreign Tax Credit Regulations

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code.


View Details..

Tax-News.com: Austria, Ireland Have Failed To Adopt ATAD BEPS Measures

The European Commission has requested that both Austria and Ireland take action to transpose EU-wide interest limitation rules into their respective national laws.


View Details..

Tax-News.com: HMRC Releases Final Guidance On Loan Charge Review

The UK tax agency HM Revenue and Customs has released guidance for taxpayers affected by the Loan Charge.


View Details..

Tax-News.com: Costa Rica Ratifies Updated TIEA With US

On November 12, 2019, a law was published in the official gazette of Costa Rica which ratifies the updated Tax Information Exchange Agreement with the United States.


View Details..

Tax-News.com: Czech Government Approves Digital Tax

On November 18, 2019, the Government of the Czech Republic announced that it has agreed on a draft law to introduce a tax on digital services, which will now be submitted to parliament.


View Details..

Coronavirus outbreak: Suspend H-1B visas for a year

Four top Republican senators have urged President Donald Trump to suspend all new guest worker visas for 60 days and certain categories of new guest worker visas, including the H-1B, for at least a year or until unemployment figures return to normal levels in the US amidst the coronavirus pandemic. The pandemic, which has so far claimed 76,000 lives and infected over 1,256,000 in the US, has ravaged the labour market, and 1 in 5 American workers have filed for first-time unemployment benefits since mid-March, when the lockdown hit businesses across the country, the world's largest economy.

1/5th workforce out of work

The letter to president Trump, dated May 7, has been signed by Senators Ted Cruz, Tom Cotton, Chuck Grassley and Josh Hawley. "More than 33 million Americans have filed for unemployment coverage just since mid-March, and approximately one-fifth of the American workforce is currently out of work. "This is a stunning difference compared with the historically-low nationwide unemployment rate of just 3.5 per cent in February this year," the senators said in their letter.

"To protect unemployed Americans in the early stages of economic recovery, we urge you to suspend all non-immigrant guest worker visas for the next 60 days," the senators said.

'Suspend EB-5 visa too'

"That suspension should, at a minimum, include H-2B visas (non-agricultural seasonal workers), H-1B visas (specialty occupation workers) and the Optional Practical Training programme (extension of foreign student visas after graduation). We also urge you to suspend the EB-5 immigrant visa programme, effective immediately," the lawmakers wrote. The H-1B work visa for foreign technology professionals is highly popular among Indians and a large number of Indians also opt for the EB-5 investors visa.

Worst monthly record

The US unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.

The collapse of the job market has occurred with stunning speed. The government's report Friday noted that many people who lost jobs in April but didn't look for another one weren't even counted in the unemployment rate. The impact of those losses was reflected in the drop in the proportion of working-age Americans who have jobs: Just 51.3%, the lowest on record.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

COVID-19: Premature opening will be a death sentence for people say experts

As Europe and the US loosen their lockdowns against the Coronavirus, health experts are expressing growing dread over what they say is an all-but-certain second wave of deaths and infections that could force governments to clamp back down.

'Risking a backslide'

"We are risking a backslide that will be intolerable," said Dr Ian Lipkin of Columbia University's Centre for Infection and Immunity. Around the world, German authorities began drawing up plans in case of a resurgence of the virus. Experts in Italy urged intensified efforts to identify new victims and trace their contacts. And France, which has not yet eased its lockdown, has already worked up a "re-confinement plan" in the event of a new wave.

"Typically pandemics occur in waves across different places, so people shouldn't think we are getting out of the woods just yet," the Guardian quoted Irwin Redlener, a physician and director of the National Centre for Disaster Preparedness, as saying.

US health officials worried

In the US, with about half of the states easing their shutdowns, public health authorities are worried. "If we relax these measures without having the proper public health safeguards in place, we can expect many more cases and, unfortunately, more deaths," said Josh Michaud, associate director of global health policy with the Kaiser Family Foundation in Washington.

Trump admin shelves CDC guide to reopen

A detailed report by the top Centers for Disease Control and Prevention investigators meant to give step-by-step advice to local leaders deciding when and how to reopen public places such as day care centers and restaurants during the still-raging pandemic has been shelved by the Trump administration. The report was supposed to be published last Friday, but agency scientists were told the guidance "would never see the light of day," said a CDC official.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

UNICEF: At 20.1 million, India expected to have highest births since COVID-19 declared as pandemic

India is projected to record the highest number of births in the 9 months since COVID-19 was declared a pandemic in March, with more than 20 million babies expected to be born in the country between March and December, according to top UN body. The United Nations Children's Fund (UNICEF) warned that pregnant mothers and babies born during the pandemic across the world were threatened by strained health systems and disruptions in services. An estimated 116 million babies will be born under the shadow of COVID-19 pandemic, UNICEF said on Wednesday, ahead of Mother's Day, observed on May 10.

These babies are projected to be born up to 40 weeks after COVID-19 was recognised as a pandemic on March 11. The highest numbers of births in the 9 months since the pandemic was declared are expected to occur in India, where 20.1 million babies are projected to be born between March 11 and December 16. Other countries with the expected highest numbers of births during this period are China (13.5 million), Nigeria (6.4 million), Pakistan (5 million) and Indonesia (4 million), it said. "Most of these countries had high neonatal mortality rates even before the pandemic and may see these levels increase with COVID-19 conditions," UNICEF said.

It is estimated that there will be 24.1 million births in India for the January-December 2020 period. UNICEF warned that COVID-19 containment measures can disrupt life-saving health services such as childbirth care, putting millions of pregnant mothers and their babies at great risk. Even wealthier countries are affected by this crisis. In the US, the sixth highest country in terms of expected number of births, over 3.3 million babies are projected to be born between March 11 and December 16.
"New mothers and newborns will be greeted by harsh realities," UNICEF said, adding they include global containment measures such as lockdowns and curfews; health centres overwhelmed with response efforts; supply and equipment shortages; and a lack of sufficient skilled birth attendants as health workers, including midwives, are redeployed to treat COVID-19 patients.

"Millions of mothers all over the world embarked on a journey of parenthood in the world as it was. They now must prepare to bring a life into the world as it has become ¿ a world where expecting mothers are afraid to go to health centres for fear of getting infected, or missing out on emergency care due to strained health services and lockdowns," UNICEF Executive Director Henrietta Fore said. "It is hard to imagine how much the coronavirus pandemic has recast motherhood" Fore said.
UNICEF said its analysis was based on data from World Population Prospects 2019 of the UN Population Division.

An average full-term pregnancy typically lasts a complete 9 months, or 39 to 40 weeks. For the purposes of this estimate, the number of births for a 40-week period in 2020 was calculated. The 40-week period of March 11 to December 16 is used in this estimate based upon the WHO's March 11 assessment that COVID-19 can be characterised as a pandemic. UNICEF warned that although evidence suggests that pregnant mothers are not more affected by COVID-19 than others, countries need to ensure they still have access to antenatal, delivery and postnatal services.

Similarly, sick newborns need emergency services as they are at high risk of death. New families require support to start breastfeeding, and to get medicines, vaccines and nutrition to keep their babies healthy, it said. "This is a particularly poignant Mother's Day, as many families have been forced apart during the coronavirus pandemic, but it is also a time for unity, a time to bring everyone together in solidarity. We can help save lives by making sure that every pregnant mother receives the support she needs to give birth safely in the months to come," Fore said.

Issuing an urgent appeal to governments and health care providers to save lives in the coming months, UNICEF said efforts must be made to help pregnant women receive antenatal checkups, skilled delivery care, postnatal care services, and care related to COVID-19 as needed. Ensure health workers are provided with the necessary personal protective equipment and get priority testing and vaccination once a COVID-19 vaccine becomes available so that can deliver high quality care to all pregnant women and newborn babies during the pandemic, it said.

While it is not yet known whether the virus is transmitted from a mother to her baby during pregnancy and delivery, UNICEF advised all pregnant women to follow precautions to protect themselves from exposure to the virus. Closely monitor themselves for symptoms of COVID-19 and seek advice from the nearest designated facility if they have concerns or experience symptoms. Pregnant women should also take the same precautions to avoid COVID -19 infection as other people: practice physical distancing, avoid physical gatherings and use online health services, it said.

UNICEF said even before COVID-19 pandemic, an estimated 2.8 million pregnant women and newborns died every year, or 1 every 11 seconds, mostly of preventable causes.
The agency called for immediate investment in health workers with the right training, who are equipped with the right medicines to ensure every mother and newborn is cared for by a safe pair of hands to prevent and treat complications during pregnancy, delivery and birth.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

Disneyland in Shanghai to reopen on May 11 as cases dip

The Disneyland theme park in Shanghai will reopen on May 11 under "enhanced health and safety measures," the firm said. Only limited attendance will be allowed initially, and visitors will need to book tickets and make reservations in advance. Social distancing will be maintained in lines for amenities, in restaurants, on rides and other facilities and sanitisation and disinfection will be boosted, it added.

With warmer weather and new virus cases and deaths falling to near-zero, China has been steadily re-opening, parks, museums and tourist sites such as the Great Wall of China and the Forbidden City ancient palace complex in Beijing. China has reported two confirmed cases and 20 new asymptomatic infections.

China asks US for proof
China on Wednesday dared US Secretary of State Mike Pompeo to show "enormous evidence" he claimed to have to prove that the virus originated from a lab in Wuhan and said he has no proof to back up his claims.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

Donald Trump thinks COVID-19 fight's over?

The Trump administration has initiated talks on winding down the White House Task Force on COVID-19 and gradually delegating its responsibilities to the relevant federal agencies, US Vice President Mike Pence said on Tuesday. Pence leads the task force.

"As I have said before, as we continue to practise social distancing and states engage in safe and responsible reopening plans, I truly believe — and the trend lines support it — that we could be in a very different place. And by late May and early June — and that probably represents the timetable for our agencies."

President Donald Trump also confirmed the news. Asked why is now the time to wind down the task force if there could be a recurrence, he said, "Because we cannot close our country down for the next five years. The administration has learned a lot." The president noted that health experts believe there could be a recurrence but they would need to "put it out". Over 71,000 Americans have died more than 12 lakh have been infected from COVID-19 so far.

Infection rate rising
Meanwhile, the infection rate outside of New York is rising even as states move to lift their lockdowns, an Associated Press analysis found Tuesday.

New confirmed infections per day in the US exceed 20,000, and deaths per day are well over 1,000, according to figures from Johns Hopkins University.

And public health officials warn that the failure to flatten the curve and drive down the infection rate in places could lead to perhaps tens of thousands of deaths as people are allowed to venture out and businesses reopen. "Make no mistakes: This virus is still circulating in our community, perhaps even more now than in previous weeks" said Linda Ochs, director of the Health Department in Shawnee County, Kansas.

HCQ warnings ignored
Fired vaccine expert Dr Rick Bright has alleged that the US ignored the concerns of doctors over the import of hydroxychloroquine from "uninspected" factories in India and Pakistan and flooded the US with the unproven and potentially dangerous drug to treat COVID-19 patients.

Italy claims to have made vaccine that neutralises COVID-19

Italian biotech firm Takis has claimed that they have developed a vaccine that neutralises COVID-19 in human cells. According to reports, the tests conducted on mice at Rome's Lazzaro Spallanzani National Institute for Infectious Diseases showed that the vaccine generated antibodies in mice that could work on human cells too. "This is the most advanced stage of testing of a candidate vaccine created in Italy. We believe this will also happen in humans," Takis CEO Luigi Aurisicchio said.

Pak becomes 29th country with over 500 COVID-19 deaths

With a surge in the number of COVID-19 cases and deaths in the past week, Pakistan has now become the 29th country in the world where over 500 deaths have been reported. The Executive Director of National Institute of Health (NIH), Maj Gen Prof Dr Aamer Ikram said things would start improving for Pakistan in June, Dawn reported. But as things stand, he said the total number of cases in Pakistan could go up to 1,50,000. Pakistan's cabinet has given a nod to relax the lockdown restrictions after May 9.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/


View Details..

Top UK government scientist behind lockdown move breaks rules, quits

A top UK government scientist, who was behind the country's strategy to impose strict lockdown measures to curb the spread of coronavirus, has resigned after a media report revealed that he broke the rules and allowed a woman he was said to be in a relationship with to visit his home during the lockdown. Professor Neil Ferguson, an epidemiologist whose modelling convinced Prime Minister Boris Johnson to press ahead with a UK-wide lockdown, quit the Scientific Advisory Group for Emergencies (SAGE) after allegations emerged in The Daily Telegraph. He admitted that he had allowed a woman Antonia Staats to visit him at his London home after travelling across the UK capital from her home, which she shares with her husband and children, on at least two occasions.

The movement goes against the very strict stay at home and save lives advice of the government, put in place by British Prime Minister Boris Johnson prompted by the scientific team led by Ferguson. The incidents took place soon after the 51-year-old leading epidemiologist from Imperial College London had completed a two-week spell self-isolating after testing positive for coronavirus. "I accept I made an error of judgement and took the wrong course of action. I have therefore stepped back from my involvement in SAGE, said Ferguson after the report.

"I acted in the belief that I was immune, having tested positive for coronavirus and completely isolated myself for almost two weeks after developing symptoms. I deeply regret any undermining of the clear messages around the continued need for social distancing," he said. The scientist, however, stressed that the government's advice on social distancing remains "unequivocal", adding that it was there "to protect all of us". UK Security Minister James Brokenshire said the senior scientist "made the right decision" and that the government will "continue to be informed" by SAGE.

"We have a range of experts that will continue to support ministers," he said. The first of the visits by Staats, 38, was on March 30, which coincided with a public warning by Prof Ferguson that the UK's one-week-old lockdown measures would have to remain until June. Staats, a left-wing campaigner, made a second visit on April 8 despite telling friends she suspected that her husband, an academic in his 30s, had symptoms of coronavirus, the newspaper report claims. He has peculiarly breached his own guidelines, and for an intelligent man I find that very hard to believe. It risks undermining the government's lockdown message," said Conservative Party MP and former minister Ian Duncan Smith.

Ferguson's resignation comes a month after Scotland's Chief Medical Officer, Dr Catherine Calderwood, had to resign when it was revealed she had broken lockdown rules by making two trips back and forth to a second home. Under the government's guidelines in the UK, people are expected to stay at home and allowed to move out only for one form of daily exercise and essential shopping.

The measures have been in place since March 23 to try and flatten the curve of the rising number of cases of COVID-19, the UK death toll from which reached 29,427 on Tuesday the highest number of virus deaths in Europe. However, figures from the Office for National Statistics (ONS), which includes deaths where the virus is suspected and not just where tests have been carried out, brings the total number even higher to 32,375.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

Israel's biological Institute completes development phase of COVID-19 antibody

Israeli Defence Minister Naftali Bennett on Monday said he witnessed a "significant breakthrough" by the country's biological research institute in developing an antibody to COVID-19 infection. Bennett visited the labs of the Israel Institute for Biological Research (IIBR), a secretive unit that works under the Prime Minister's Office, in Ness Ziona and was briefed by the research team, who revealed that the development phase of COVID-19 antibody or passive vaccine that attacks the virus and neutralizes it in the body has been complete, his office said in a statement cited by The Jerusalem Post.

IIBR is now working to patent its antibody and secure a contract for its commercial development. All legal procedures will be coordinated with the Defence Ministry. "I am proud of the Biological Institute staff, who have made a major breakthrough," Bennett was quoted as saying. "The Jewish creativity and ingenuity brought about this amazing achievement," he added.

Last month, IIBR announced that it had begun testing its antibody-based vaccine prototype on rodents. IIBR is also involved in plasma collection from people who have recovered from infection with the new coronavirus, in the hope that this might help research, the Post reported further.

A second Israeli research team, MigVax, has also reported that it is close to completing the first phase of development of a coronavirus vaccine. Last week, it secured a USD 12 million investment from OurCrowd to accelerate the path to clinical trials.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

'Hepatitis C drugs may help fight virus'

Several drugs approved for the treatment of hepatitis C viral infection have been identified as potential candidates against COVID-19 caused by the SARS-CoV-2 coronavirus, according to a study based on extensive calculations using supercomputer simulations.

Researchers from Johannes Gutenberg University Mainz (JGU) in Germany simulated the way that about 42,000 different substances listed in open databases bind to certain proteins of SARS-CoV-2, and thereby inhibit the penetration of the virus into the human body or its multiplication. Using the powerful MOGON II supercomputer operated by JGU and the Helmholtz Institute Mainz, the researchers made more than 30 billion single calculations within two months.

They found that compounds from the four hepatitis C drugs simeprevir, paritaprevir, grazoprevir, and velpatasvir have a high affinity to bind SARS-CoV-2 very strongly and may therefore be able to prevent infection. "This computer simulation method is known as molecular docking and it has been recognised and used for years. It is much faster and less expensive than lab experiments," said Professor Thomas Efferth from JGU, lead author of the study published in the Bulletin of the World Health Organization. "As far as we know, we were the first to have used molecular docking with SARS-CoV-2. And it is fantastic news that we have found a number of approved hepatitis C drugs as promising candidates for treatment," Efferth said.

The results are also supported by the fact that both SARS-CoV-2 and the hepatitis C virus are a virus of the same type, a so-called single-stranded RNA virus, explained Efferth. According to the researchers, a natural substance from the Japanese honeysuckle (Lonicera japonica), which has been used in Asia against various other diseases for some time now, might be another strong candidate against SARS-CoV-2. "Our research results now need to be checked in laboratory experiments and clinical studies," said Efferth. Molecular docking had already been used successfully in the search for active substances against the coronaviruses MERS-CoV and SARS-CoV, he added.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

US to see 3,000 daily deaths by June 1

The number of Coronavirus deaths in the US will jump to over 3,000 and new cases to about 2,00,000 per day by June 1, an internal draft report has said, even as over two dozen US states announced to open up their economy amid the health crisis.

The US is the worst-hit country from the pandemic. By Monday, over 1.2 million Americans tested positive for COVID-19 and the total number of fatalities crossed 69,000.

Multiple media reports on Monday quoted the draft report projecting the horrifying figures. "The numbers underscore a sobering reality: while the US has been hunkered down for the past seven weeks, not much has changed. And the reopening to the economy will make matters worse," The New York Times reported.

"There remains a large number of counties whose burden continues to grow," the US Centers for Disease Control and Prevention (CDC) warned according to the daily.
However, both the White House and the CDC disavowed the report. The slides carry the CDC's logo, The Washington Post reported. The projection was prepared by Justin Lessler, an associate professor of epidemiology at the Johns Hopkins Bloomberg School of Public Health.

"I had no role in the process by which that was presented and shown. This data was presented as an FYI to CDC. it was not in any way intended to be a forecast," Lessler told The Washington Post. "There are reopening scenarios where it could get out of control very quickly," he said.

US gave no proof on COVID-19 origin: UN

The WHO's emergencies chief Michael Ryan said on Monday it has received no evidence from the US government to back up allegations by President Donald Trump that virus could have originated at a laboratory in Wuhan. "From our perspective, this remains speculative."

4 new cases in S Korea, China

China and South Korea, which had early, intense outbreaks of the COVID-19, together reported only four new infections on Tuesday and were slowly resuming public events after months of containment efforts. While South Korea reported three new cases, China reported one.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

Vijay Mallya appeals to UK Supreme Court as last ditch effort to prevent extradition to India

As a last ditch effort to prevent his extradition to India, embattled liquor baron Vijay Mallya on Monday filed an application in UK Supreme Court to prevent implementation of an earlier order that made his return to India imminent.

The application came after a gap of almost two weeks after the London High Court on April 20 rejected a similar application and ordered his extradition to India to face enforcement authorities there in connection with a Rs 9,000 crore bank fraud and money laundering case involving his now defunct Kingfisher Airlines.

The UK Supreme Court is expected to hear the matter later this week. Legal experts said that if the application is rejected by Supreme Court as well, then UK Home Secretary would have to sign on Mallya's extradition papers within 28 days.

Mallya's application in Supreme Court came on the last day when such an appeal could be made in the top court. The 64-year-old businessman was given 14 days to file such an application against the order of High Court. The high court dismissed his appeal against a Westminster Magistrates' Court extradition order certified by the UK Home Secretary.

Legal experts quoted above said it is unlikely for Mallya to get a reprieve from Supreme Court as it would only look as constitutional issues and may not tamper with high court's order if other aspects are in order.

This should be music to the ears of enforcement agencies in India who have been waiting for a long time get hold of the fugitive businessman. The ED has attached several properties of Mallya in the last few years under sections of the Prevention of Money Laundering Act.

Mallya is being investigated by the CBI and the Enforcement Directorate in connection with the loan fraud case.

He was arrested by the UK authorities on April 20, 2017 on the request of the Indian investigative agencies.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

Coronavirus Outbreak: Australia's Qantas extends flight cancellations

Australian flag carrier, Qantas on Tuesday extended international flight cancellations till the end of July, but said that it was in a strong position to endure disruptions caused by the COVID-19 pandemic.

The company said that domestic flights would be cancelled till the end of June and international services until the end of July, adding that domestic and trans-Tasman services could be quickly reinstated should restrictions ease in coming weeks, reports Xinhua news agency.

"Australia has done an amazing job of flattening the curve and we're optimistic that domestic travel will start returning earlier than first thought, but we clearly won't be back to pre-coronavirus levels anytime soon," Group CEO Alan Joyce said.

"With the possible exception of New Zealand, international travel demand could take years to return to what it was."

The company, which includes budget branch Jetstar, also revealed it had secured a further A$550 million ($354 million) in debt funding, placing it in a stronger position to endure the COVID-19 crisis.

According to Qantas, by reducing expenditure and borrowing against its fleet of aircraft, the company could survive several recovery scenarios, including one where current travel restrictions persisted until December 2021.

The reduction in expenditure is largely due to the standing down of more than 25,000 staff who were forced to use leave entitlements before receiving delayed financial assistance from the government.

"The impact of this stand down is deeply regrettable but has been greatly softened by the Australian Government's JobKeeper program, which the Group commenced paying several weeks ahead of the official payment start date," the airline said in a statement.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

China hid virus' severity to hoard supplies: US inte

US officials believe China covered up the extent of the COVID-19 outbreak — and how contagious the disease is — to stock up on medical supplies needed to respond to it, intelligence documents show. Chinese leaders "intentionally concealed the severity" of the pandemic from the world in early January, according to a four-page Department of Homeland Security (DHS) intelligence report dated May 1 and obtained by the AP.

Marked "for official use only," the DHS analysis states that, while downplaying the severity of the virus, China increased imports and decreased exports of medical supplies. It attempted to cover up doing so by "denying there were export restrictions and obfuscating and delaying provision of its trade data," the analysis states.

Hid details from WHO
The report also says China held off informing the World Health Organisation that the COVID-19 "was a contagion" for much of January so it could order medical supplies from abroad " and that its imports of face masks and surgical gowns and gloves increased sharply.

Those conclusions are based on the 95 per cent probability that China's changes in imports and export behaviour were not within normal range, according to the report. China publicly identified the pathogen as a novel Coronavirus on January 8.

Trump 'thinks' we'll have vaccine by year end

President Donald Trump says he believes a vaccine for COVID-19 will be available by the end of the year. Trump commented Sunday night during a televised town hall. "I think we'll have a vaccine by the end of the year. We'll have a vaccine much sooner rather than later," he said. Trump also increased his projection for the total US death toll to 1,00,000 — up by as much as 40,000 from what he had suggested just a few weeks ago. So far, over 67,000 have died in US.

'Remdesivir to be out by next week'

Antiviral drug Remdesivir, approved by the USFDA for emergency use to treat COVID-19 patients, is expected to be available by early next week, the CEO of Gilead Sciences, the pharmaceutical firm manufacturing the medicine has said.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

European virus tracing apps put spotlight on privacy

The race by governments to develop mobile tracing apps to help contain infections after coronavirus lockdowns ease is focusing attention on privacy. The debate is especially urgent in Europe, which has been one of the hardest-hit regions in the world, with nearly 140,000 people killed by COVID-19. The use monitoring technology, however, may evoke bitter memories of massive surveillance by totalitarian authorities in much of the continent. The European Union has in recent years led the way globally to protect people's digital privacy, introducing strict laws for tech companies and web sites that collect personal information. Academics and civil liberties activists are now pushing for greater personal data protection in the new apps as well.

European authorities, under pressure to ease lockdown restrictions in place for months in some countries, want to make sure infections don't rise once confinements end. One method is to trace who infected people come into contact with and inform them of potential exposure so they can self-isolate. Traditional methods involving in-person interviews of patients are time consuming and labor intensive, so countries want an automated solution in the form of smartphone contact tracing apps. But there are fears that new tech tracking tools are a gateway to expanded surveillance. Intrusive digital tools employed by Asian governments that successfully contained their virus outbreaks won't withstand scrutiny in Europe.

Residents of the EU cherish their privacy rights so compulsory apps, like South Korea's, which alerts authorities if users leave their home, or location tracking wristbands, like those used by Hong Kong, just won't fly. The contact-tracing solution gaining the most attention involves using low energy Bluetooth signals on mobile phones to anonymously track users who come into extended contact with each other. Officials in western democracies say the apps must be voluntary. The battle in Europe has centered on competing systems for Bluetooth apps. One German-led project, Pan-European Privacy-Preserving Proximity Tracing, or PEPP-PT, which received early backing from 130 researchers, involves data uploaded to a central server.

However, some academics grew concerned about the project's risks and threw their support behind a competing Swiss-led project, Decentralized Privacy-Preserving Proximity Tracing, or DP3T. Privacy advocates support a decentralised system because anonymous data is kept only on devices. Some governments are backing the centralized model because it could provide more data to aid decisionmaking, but nearly 600 scientists from more than two dozen countries have signed an open letter warning this could, 'via mission creep, result in systems which would allow unprecedented surveillance of society at large.'

Apple and Google waded into the fray by backing the decentralized approach as they unveiled a joint effort to develop virus-fighting digital tools. The tech giants are releasing a software interface so public health agencies can integrate their apps with iPhone and Android operating systems, and plan to release their own apps later. The EU's executive Commission warned that a fragmented approach to tracing apps hurt the fight against the virus and called for coordination as it unveiled a digital 'toolbox' for member countries to build their apps with.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..

Millions return to work in Italy

Millions of people were allowed to return to work in Italy Monday as Europe's longest lockdown started to ease, while countries from Iceland to India took a patchwork of steps to loosen Coronavirus restrictions. Businesses including hairdressers in Greece and restaurants in Lebanon were opening their doors under new conditions.

With pressure growing in many countries for more measures to restart the economy, politicians also were trying to boost funding for research into a vaccine for COVID-19. There are hopes that one could be available in months, but warnings that it could take much longer.

Italy, the first European country to be hit by the pandemic and a nation with one of the world's highest death tolls, started stirring after its two-month shutdown. In all, 4.4 million Italians were able to return to work, and restrictions on movement eased. Traffic in downtown Rome picked up, construction sites and manufacturing operations resumed, and flower vendors returned to the Campo dei Fiori market for the first time since March 11.

As infection rates have fallen in large parts of Europe, tentative efforts to restart public life are gathering pace. But Europeans' new-found freedoms are limited as officials are wary of setting off a second wave of infections.

In Italy, mourners were able to attend funerals - but services were limited to 15 people and there was still no word on when Masses would resume. Restaurants scrubbed their floors in preparation for take-out service, but sit-down service is several weeks away.

Italians still have to carry certifications explaining why they are out. The list of acceptable reasons has now been expanded to include visits to family and lovers, but just who falls into that category is still unclear.

Russia braces for quick surge in cases

Russian officials on Monday reported a steady rise in the number of the COVID-19 infections, fueling concerns that the hospitals could be overwhelmed. The task force dealing with the outbreak reported 10,581 new cases on Monday, taking the total to 1,45,268, including 1,356 deaths. Officials have voiced fears that the holidays could cause a surge in contagion.

Spain sees lowest daily death toll

For a second day in a row, Spanish health officials are reporting 164 new deaths from COVID-19, the lowest daily death toll in six weeks, to a total of 25,428. The figures came as a respite for a country that has spent seven weeks under a strict lockdown and that on Monday entered the first stage of its four-phase lockdown rollback.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


View Details..





List your Domains for sale @ DomainMoon.com