Rains in Assam to hit North Indian tea output

The tea field in North India, which is previously reeling less than generation losses over the past three months (March-May), is probable to be more impacted thanks to incessant rains and flood in many parts of Assam — just one of the important tea expanding areas.

In accordance to Vivek Goenka, Chairman, Indian Tea Association (ITA), tea generation in Assam is estimated to be decrease by 8-10 per cent at shut to sixty five million kg (mkg) in June this calendar year as in comparison to seventy five mkg very same time period past calendar year. Assam accounted for almost

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BP Faces $17.5B Q2 Hit

BP is producing down $17.5 billion in belongings in the 2nd quarter and forecasting lower oil charges.

The oil company explained Monday that it has revised its extended-expression cost predictions and is decreasing them and extending the period included to 2050.

“These actions will lead to non-dollars impairment fees and compose-offs in the 2nd quarter, estimated to be in an mixture range of $thirteen billion to $17.5 billion put up-tax,” BP explained in a push launch.

The company has revised extended-expression cost estimates. For Brent oil, the company estimates an ordinary of all over $fifty five for each barrel and

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AmEx Takes Profit Hit, Plans Spending Cuts

American Specific took a key, coronavirus-connected strike to quarterly revenue as the credit score card large set apart $1.7 billion to go over possible card holder delinquencies.

AmEx’s web cash flow for the first quarter fell seventy six% to $367 million, or 41 cents for each share, from $1.fifty five billion, or $1.80 for each share, though consolidated provisions for losses rose to $2.6 billion from $809 million.

“The first two months of 2020 ongoing the sturdy momentum we have delivered about the previous two yrs, but we’re now in a unique environment,” CEO Stephen Squeri mentioned Friday in a

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Coursera offers help to universities hit by coronavirus

Coursera is offering any college hit by coronavirus lockdowns free accessibility to its on-line teaching system, as the on-line education and learning supplier seeks to bolster its role as a legitimate option to campus-centered review.

Harvard, Stanford and Columbia are between quite a few best universities that have halted classroom teaching because the virus took keep, turning to online video streaming devices and world wide web-centered conferencing technology to make sure that college students can carry on to be taught by their professors.

“As a system dedicated to serving learners all over the place, we are launching a worldwide exertion

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Airlines Brace for Profit Hit From Coronavirus

The coronavirus outbreak is elevating fears of a wide slowdown in vacation that could deliver the U.S. airline industry’s extended run of profitability to an conclusion.

U.S. airways in 2019 posted their tenth consecutive yr of profitability but their shares have previously taken a hit as investors fret about the outbreak’s impression on need.

The NYSE Arca Airline Index, which tracks 16 carriers in North The us, Latin The us and budget provider Ryanair, has dropped far more than fifteen% this week as of Wednesday’s near, putting it on speed for its most important weekly share reduction due to the

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