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Divers recover ‘black box’ from jet that crashed into sea as first victim identified

Divers recover ‘black box’ from jet that crashed into sea as first victim identified

World
Navy divers have recovered a "black box" from an Indonesian airliner which crashed into the Java Sea on Saturday with 62 people on board.TV pictures showed in inflatable boat carrying a large white container, which in turn was carrying the box. It was unclear whether it was the Boeing 737-500's flight data or cockpit voice recorder.The boxes were believed to be buried under sharp objects which needed to be removed first, Admiral Yudo Margono of the Indonesian navy said. They were thought to be about 75ft (23m) below the surface of the sea.A remotely-operated vehicle was sent to the location between Lancang and Laki islands, just north of the capital, Jakarta, and at least 160 divers were involved in the search. ...

Stock futures are flat as Wall Street tries to recover from 2-day slide

Finance
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City.Spencer Platt | Getty ImagesU.S. stock futures were flat on Wednesday night as traders continued to weigh the prospects for a coronavirus aid deal being reached before next month's election.Dow Jones Industrial Average futures were up just 6 points. S&P 500 futures fell marginally and Nasdaq 100 futures dipped 0.1%.Treasury Secretary Steven Mnuchin said on Wednesday that reaching a coronavirus stimulus deal before the election would be difficult as Democrats and Republicans remain far apart on certain issues. His comments came after House Speaker Nancy Pelosi, D-Calif., said earlier this week that a recently propose...

Dow futures jump more than 150 points as Wall Street tries to recover after tech struggles

Finance
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City.Spencer Platt | Getty ImagesU.S. stock futures rose on Sunday night after a sell-off in tech shares led to the market's first back-to-back weekly declines in months.Dow Jones Industrial Average futures traded 158 points higher, or 0.6%. The S&P 500 also climbed 0.6% and Nasdaq 100 futures were up by 0.8%. The S&P 500 fell by 2.5% last week. It was the broader-market index's worst one-week drop since June 26. That decline also marked the first time since May that the S&P 500 closed lower in two straight weeks.Those losses were driven in large part by a steep drop in tech, the best-performing market sector year to date. The S&P 500 tech sector plunged more than 4% for its biggest weekly lo...
‘Some victims may never recover’: Long-term effects of COVID-19 could be far worse than first thought

‘Some victims may never recover’: Long-term effects of COVID-19 could be far worse than first thought

World
The long-term effects of COVID-19, even on people who suffered a mild infection, could be far worse than was originally anticipated, according to researchers and doctors in northern Italy.Psychosis, insomnia, kidney disease, spinal infections, strokes, chronic tiredness and mobility issues are being identified in former coronavirus patients in Lombardy, the worst-affected region in the country. The doctors warn that some victims may never recover from the illness and that all age groups are vulnerable. Image: Infection rates have lessened but Italy is seeing the long-term effects COVID-19 has on survivors The virus is a systemic infection that affects all the organs of the body, not, as was previously thought, just a respiratory ...
Reliance Home investors plan more actions to recover dues

Reliance Home investors plan more actions to recover dues

Finance
MUMBAI: Some bond investors at Reliance Home Finance are considering multiple options, including a complaint to the regulator of audit firms, to ensure recovery of their outstanding investments after the stressed home financier was taken to the National Company Law Tribunal (NCLT) last week. Complaints to the National Financial Reporting Authority (NFRA), the regulator of CA firms, are likely to cite failures of Grant Thornton and PwC in spotting irregularities, market sources said. Investors have also demanded a copy of the forensic audit conducted by Grant Thornton. PwC was the statutory auditor of Reliance Home Finance. Both audit firms did not respond to ET’s queries. Investors are concerned that unless recovery efforts are stepped up, the remaining funds at the company may be ‘diverte