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COVID victims stored in shipping container as Germany grapples with virus surge

COVID victims stored in shipping container as Germany grapples with virus surge

World
The bodies of COVID-19 victims in a German city are having to be stored in a shipping container as the pandemic continues to spiral in the country.Germany's Robert Koch Institute - the government agency responsible for disease control and prevention - added another 33,777 confirmed cases of coronavirus in its most recent numbers, bringing the total to 1,439,938. The number of deaths has reached 24,938 after a further 813 were recorded, with the grim figures coming after the country was placed into a new lockdown.Live coronavirus updates from the UK and around the world Image: Christmas shopping has been blamed for a rise in social contacts, and therefore COVID cases, in Germany In Hanau, near Frankfurt, the bodies of people who died w...
Finance Ministry may replace GAIL, EIL, Container Corp with new PSUs in CPSE ETF

Finance Ministry may replace GAIL, EIL, Container Corp with new PSUs in CPSE ETF

Finance
The Finance Ministry is likely to replace GAIL, Engineers India Ltd (EIL) and Container Corporation with new PSUs in the CPSE Exchange Traded Fund (ETF) since the government holding in these companies has fallen below 55 per cent. CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 bluechip PSUs namely ONGC, Coal India, IOC, Oil India, PFC, Bharat Electronics, REC, GAIL, EIL and Container Corporation of India. Officials said three PSUs or more would be included in the CPSE ETF basket to replace GAIL, EIL and Container Corp and the number would depend upon the value of the scrip and the corresponding weightage in the ETF basket. GAIL India, Container Corp and EIL have weightage of 11.25 per cent, 5.08 per cent and 2.28 per cent, respectively in CPSE ETF. CPSE ETF ...
An illustrious Hong Kong container firm sells to China

An illustrious Hong Kong container firm sells to China

Finance
STONECUTTERS ISLAND in Hong Kong used to be a favoured habitat for poisonous snakes and eye-catching birds such as the white-bellied sea eagle. Thanks to Hong Kong’s rapid development, it is no longer so hospitable. Its sky is full of gantry cranes, stacking 20-foot-long shipping containers in multicoloured tessellations, like giant Lego bricks. A cluster of decorative containers, daubed in graffiti, line the perimeter of container terminal eight, which is partly operated by COSCO, a state-owned Chinese shipping giant. In bright yellow lettering, one slogan instructs passers-by to “Respect Past, Embrace Future”.Few Hong Kong companies have as much to tell about the past as Orient Overseas Container Line (OOCL), the world’s seventh-biggest container shipping line. Its founder, Tung Chao-yun...
Navy destroyer collides with container ship; sailors missing

Navy destroyer collides with container ship; sailors missing

World
Seven sailors are missing and five others were injured after the U.S. Navy destroyer USS Fitzgerald collided with a Philippine container ship off the coast of Japan in the early hours of Saturday morning local time, the Navy's 7th Fleet said. One of the injured sailors medically evacuated by a Japanese coast guard helicopter was the ship's commanding officer. The Fitzgerald was operating about 56 nautical miles southwest of Yokosuka, Japan, when it hit the container ship at approximately 2:30 a.m. local time. The U.S. ship sustained damage on its starboard side and is experiencing flooding in some spaces, according to the 7th Fleet. Propulsion is limited. The 7th Fleet tweeted around 2 p.m. local time on Saturday, "Flooding has been stabilized and Sailors from #USSDewey are assisting i...