News That Matters

Tag: lost

The Dow just lost 12% in one week. Here’s why and what likely happens next

The Dow just lost 12% in one week. Here’s why and what likely happens next

Finance
The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities.The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the week, respectively, marking their worst weekly performance since the financial crisis. The 30-stock Dow posted its biggest one-day points loss ever on Thursday. It also tumbled deep into correction territory, down more than 10% from a record high, along with the S&P 500 and Nasdaq Composite.Wall Street's historic shake-up came as worries grew over the coronavirus' impact on the global economy and corporate profits. The number of new cases in China kept rising this week, while the number of people contracting the virus spiked in South Korea and Italy. This ...
Remembering the entertainment and arts figures we lost in 2019

Remembering the entertainment and arts figures we lost in 2019

Entertainment
As the year draws to a close, it is time to remember the figures from the worlds of arts and entertainment who died in 2019. Here is a look back at some of those to whom we said farewell.January The year was still young when we said goodbye to Broadway star Carol Channing, It Ain't Half Hot Mum actor Windsor Davies and BBC presenter Dianne Oxberry. We also lost: Author and editor Diana Athill Sitcom writer Kevin Barnett Captain & Tennille singer Daryl Dragon Curb Your Enthusiasm actor Bob Einstein Marmalade singer Dean Ford Transgender 'pioneer' Julia Grant Original Hollies bass player Eric Haydock R&B singer James Ingram Composer John Joubert Composer Michel Legrand Actor Dick M...
Man City manager Pep Guardiola explains why he lost his cool at Anfield and congratulates Liverpool boss Jurgen Klopp

Man City manager Pep Guardiola explains why he lost his cool at Anfield and congratulates Liverpool boss Jurgen Klopp

Sports
Pep Guardiola insists he was not being sarcastic when he approached referee Michael Oliver after Manchester City’s 3-1 defeat at Liverpool. The City boss appeared to thank the official for his performance in a melodramatic fashion after the final whistle at Anfield. Getty Images - Getty Pep Guardiola appeared to sarcastically congratulate Michael Oliver at the end of the game Guardiola had been enraged during the Premier League clash as his side were twice denied penalties for possible handballs against Trent Alexander-Arnold. The first was the most controversial, coming immediately before Fabinho opened the scoring. The second came late on as City rallied in response to further goals from Mohamed Salah and Sadio Mane. “It was not sarcastic,” Guardio
Anne Hathaway lost equilibrium with bipolar role for ‘Modern Love’

Anne Hathaway lost equilibrium with bipolar role for ‘Modern Love’

Entertainment
NEW YORK, Oct. 18 (UPI) -- Oscar-winner Anne Hathaway said playing a bipolar lawyer in Amazon's anthology series Modern Love was one of the most difficult experiences of her career. Written and directed by John Carney (Once, Sing Street,) the show is based on an iconic New York Times column written by different people each week. It begins streaming Friday. Hathaway's episode casts her as Lexi, a brilliant, vivacious lawyer who has spent most of her life hiding her condition. Lexi meets handsome, sweet Jeff (Gary Carr) in a grocery store when she is at her lovable best, but the date they arrange for later in the week finds her in the deepest of depressions. Her chronic absences at work also are putting her job in jeopardy. "I wasn't fully prepared for what it was going to take to represen...
‘Banks can’t recover money lost in fraud from customer’

‘Banks can’t recover money lost in fraud from customer’

Finance
KOCHI: Banks cannot ask a customer to repay money lost through online fraud using its powers under SARFAESI Act as it is a disputed transaction, the high court has held. Banks would have to approach a civil court to recover the money from the persons responsible, the court said. After referring to two rulings by the Supreme Court and a ruling by the high court that banks are liable for unauthorized withdrawals, Justice A Muhamed Mustaque said in the judgment, “Thus, it is clear that the bank cannot claim any amount from the customer when a transaction is shown to be a ‘disputed transaction’. The bank can recover from the customers only when it can unequivocally prove that the customer was responsible for such transaction, independently through the civil court. The RBI guidelines is a clear