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U.S. Adds Most Cases Since July; Italy Mulls Curbs: Virus Update

(Bloomberg) — U.S. coronavirus cases increased by the most since late July. Italy is considering the tightest restrictions since its national lockdown ended as additional curbs come into effect in Paris and London.Chancellor Angela Merkel appealed to Germans to stay home to stem the tide of new coronavirus infections that’s surging across Europe.Merkel in her weekly podcast asked citizens to meet with fewer people whether inside or outside. How winter and Christmas work out will be decided in the coming days and weeks through the sum of individual actions, she said.Belgium closed bars and restaurants across the country.Key Developments:Global Tracker: Cases exceed 39 million; deaths top 1.1 millionEurope cracks down on virus with curbs in London and ParisDr. Reddy’s and Russia to start Sputnik vaccine testItaly considers tightest restrictions since national lockdownWho’s succeeding against the coronavirus and why: QuickTakeSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.U.S. Adds Most Cases Since Late July (8 a.m. NY)U.S. cases increased by 69,276, the fourth consecutive day of rising numbers and the most since July 29, according to data compiled by Johns Hopkins University and Bloomberg.The number, which reflects Friday data, is 9% higher than the previous day’s, underscoring rising Covid-19 cases in most parts of the country less than three weeks before the election.Dr. Reddy’s and Russia to Start Vaccine Test (7:48 a.m. NY)Dr. Reddy’s Laboratories Ltd. and Russia’s sovereign wealth fund got approval to conduct human clinical trials of their coronavirus vaccine in India.The phase 2/3 trial will be a randomized controlled study that will include safety and immunogenicity, according to the Russian Direct Investment Fund. The Kremlin has pinned great hopes on the vaccine, which President Vladimir Putin is promoting as the first registered inoculation in the world.India added 62,212 new cases, taking the total infections in the country to 7.43 million, according to government data.Italy Mulls New Restrictions (7:25 a.m. NY)Italy is considering new restrictions on nonessential activities in a bid to contain the jump of new cases, which topped 10,000 for the first time on Friday.Health Minister Roberto Speranza met with regional leaders Saturday morning to discuss the measures that are expected to be approved by Giuseppe Conte’s government as early as Saturday evening, according to three government officials, who asked not to be identified.Malaysia Reports Record Infections (7:12 a.m. NY)Malaysia reported a record 869 new infections on Saturday, with a majority of the cases occurring in the state of Sabah, health officials said. Sabah recorded 451 new cases, as well as four deaths. Areas of the country where the outbreak is most prominent are under tightened movement curbs.Iran Death Toll Climbs (6:38 a.m. NY)Iran’s death toll rose to 30,123 as the country reported 253 more fatalities in the past 24 hours. There were a recorded 4,103 new coronavirus infections overnight.Ardern Wins in New Zealand on Covid Success (5:04 p.m. HK)Prime Minister Jacinda Ardern swept to a commanding victory in New Zealand’s general election after her successful handling of the pandemic. She said she will use her mandate to rebuild the battered economy and tackle social inequality.Merkel Calls for Citizens to Stay Home (3:57 p.m. HK)Germany reported a record 7,695 new coronavirus cases as Merkel appealed to citizens to help stem the viral surge.How winter and Christmas pan out will be decided in the coming days and weeks through the sum of individual actions, Merkel said. She stressed the importance of refraining from unnecessary journeys and celebrations.Russia and Poland Report Surges (3:52 p.m. HK)Russia added 14,922 new cases, taking total infections in the country to 1.38 million, according to government data. The death toll rose by 279 to 24,002.Poland registered a record 9,622 new cases and the death toll there climbed by 84 to 3,524, the Health Ministry said on Twitter. The country had 604 respirators in use, up from 346 a week earlier.Swiss Government Mulls Tighter Curbs (3:37 p.m. HK)The Swiss government will hold a meeting on Sunday to decide on further steps to combat the virus, according to Tages-Anzeiger. Measures could include mandatory mask-wearing in indoor public spaces, a ban on gatherings of more than 15 in public, and the recommendation that people resume working from home, according to the report.A government spokesman declined to confirm the meeting or comment on what measures might be introduced. In a separate newspaper report, Finance Minister Ueli Maurer said the government must not overreact and people “have to learn to live with the virus.”Austrian Foreign Minister Tests Positive (3:27 p.m. HK)Austria’s foreign minister tested positive and might have caught the virus at the Foreign Affairs Council with European Union leaders in Luxembourg.The minister, Alexander Schallenberg, had no symptoms and found out through took a routine test. As a precautionary measure all members of the government will be tested.New Cases in Western Australia (2:41 p.m. HK)Western Australia state recorded two new cases of Covid-19, with crew members on separate ships testing positive.A crew member from the Al Messilah livestock carrier, which is docked at Fremantle, was brought ashore for medical treatment, the state health department said in a statement. An infected person on board the Key Integrity bulk carrier, at Geraldton Port, remains on the ship in isolation.The health department says it has previously managed four vessel outbreaks, with no risk to the community.Belgium’s Cases Continue to Rise (2:31 p.m. HK)Belgium’s 14-day running Covid-19 incidence rate is still rising and jumped to 621 per 100,000 population. That compared with 550 the day before. While 358 patients were in intensive care, 31 more than a day earlier, hospitalizations were slightly lower.Prime Minister Alexander de Croo had announced new stricter measures to control the pandemic on Friday evening, introducing a curfew, restricting close contacts further and closing restaurants and cafes for four weeks.Czech Republic has Record Numbers (2:13 p.m. HK)The Czech Republic posted a third consecutive record of new Covid-19 cases. The nation of 10.7 million people registered 11,105 new cases on Friday, bringing the total number of infections to 92,736. The army should start to build a field hospital in Prague this weekend to add extra 500 beds for patients who need to be hospitalized.The Czech Republic is the worst hit country in Europe based on the two-week cumulative number of new infections and deaths, adjusted for population, according to the European Center for Disease Prevention and Control.Singapore Active Cases Drop (10:37 a.m. HK)Singapore’s active coronavirus cases fell to the lowest level in seven months as the government reins in local transmissions. There were 89 active cases in the city-state, falling below 100 for the first time since March 12, the Ministry of Health said Friday.Australia-New Zealand Travel Bubble (9:57 a.m. HK)The fledgling travel bubble between Australia and New Zealand hit an early snag after 17 passengers who flew into Sydney on Friday broke the rules and caught a connecting flight to Melbourne. In an effort to boost tourism, Australian Prime Minister Scott Morrison’s government is encouraging visitors from New Zealand, which has crushed community transmission of Covid-19, and says they can enter the country without having to undergo hotel quarantine for 14 days.Mexico, Argentina Cases Increase (8.38 a.m. HK)Mexico reported 6,751 new Covid-19 cases, bringing the total to 841,661, according to data released by the Health Ministry Friday night. Deaths rose by 419 to 85,704.Argentina reported 16,546 new Covid-19 cases, bringing the total to 965,609, according to the government’s evening report. There were 381 deaths reported in the past 24 hours for a total of 25,723.Texas Cases Surge Most in 7 Weeks (7:35 a.m. HK)Texas virus cases climbed by more than 5,600 in the past 24 hours, the biggest increase since Aug. 25, according to state health department data. The surge brought the cumulative total 815,678.Meanwhile, statewide hospitalizations dropped for the first time in five days even as available intensive-care beds dwindled in the hot spots of El Paso, Lubbock and Amarillo, state figures showed.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Marble Launches Maestro – Its Financial Literacy Educational Platform | 2020-10-28 | Press Releases

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(TheNewswire)

Launch of Maestro further expands the Marble platform with this educational component, as November marks the 10 th anniversary of Financial Literacy Month in Canada

Vancouver, B.C. – TheNewswire – October 28, 2020 – Marble Financial Inc. (CSE:MRBL ) (CNSX:MRBL.CN) ( OTC:MRBLF) (“Marble” or the “Company”) a financial technology company that empowers Canadians’ toward a positive financial future, is pleased to announce the launch of Maestro, Marble’s latest financial literacy educational platform, available to all MyMarble customers.

Maestro combines expert-curated educational content and skill testing quizzes to give Canadians the power to have both a foundation in crucial financial knowledge and the empowerment to effectively utilize Marble’s personal finance and credit rebuilding platform, MyMarble and its current products, Score-Up, and Fast-Track. Maestro users will benefit from over 30 different courses across three core financial foundations, credit, budget, and debt management.

Key findings from Statistics Canada’s 2019 Canadian Financial Capability Survey showed that 51% of 18 to 35 year-old Canadians surveyed seek financial literacy from online sources, displaying a preference for easy-to-use and digestible online content. In addition to this, 44% of Canadians surveyed said they engaged in financial education to strengthen their financial knowledge, proving a high demand and additional user acquisition stream with a product such as Maestro.

November marks the 10 th anniversary of Financial Literacy Month in Canada, and today, millions of Canadians are still seeking some form of online financial education. The launch of Maestro adds an additional dimension to Marble’s product line, allowing Marble to become its users’ primary personal finance solution through a more holistic, end-to-end financial experience.

Maestro is now available on the MyMarble Platform and offers the following:

  • – Available to all Marble customers at no cost, monthly fees or subscription

    – Over thirty expert-curated online courses in the credit, budget and debt management sectors

    – Desktop and mobile friendly

    – Video enabled and audio course content for all audiences

“Canadian’s are used to the traditional ways when it comes to improving their financial literacy – friends or family, financial advisors, or banks,” said Karim Nanji, CEO of Marble. “The description of a ‘Maestro’ is someone who conducts and is a master of their respective trade. The ability to master finances is something we believe all Canadians can achieve through financial literacy offered in an effective and easy online-learning environment. With Marble’s Maestro, we are very excited to fill the demand to further empower and educate Canadians. With the power of our online technology and our industry-leading MyMarble, Score-Up, and Fast-Track solutions, our customers have all the tools needed to take control of their personal finances.”

ON BEHALF OF THE BOARD OF DIRECTORS,

Karim Nanji, CEO

About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF) Marble leverages its proven data driven strategies utilizing the power of machine learning, data science, and artificial intelligence, through its industry-leading proprietary technology solutions Fast-Track, Score-Up, and Credit-Meds to engage in and navigate a clear path for Canadians towards financial wellbeing and a meaningful credit score. Since 2016, Marble is proud to have empowered thousands of marginalized Canadians to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the Marble Platform.

For further information, please visit the company’s website at http://mymarble.ca

Mike Marrandino,

Executive Chairman

T:(855) 661-2390 ext. 104

Email: ir@marblefinancial.ca

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Caution Regarding Forward-Looking Information

This release contains “forward-looking information” as such term is used in applicable Canadian securities laws, including statements regarding the Private Placement and the use of proceeds therefrom. The use of any of the words “target”, “plans”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Such forward-looking information is based on management’s expectations and assumptions, including statements relating to the future plans and objectives of the Company, the Company’s expectations surrounding the market potential of Maestro, Score-Up, Fast Track and the benefits including potential credit score improvement, building and management results. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including but not limited to, that the Company’s financial condition and development plans do not change as a result of unforeseen events, and that the Company will and has received all required regulatory approvals in the jurisdictions across Canada that it will be offering this product. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to: general economic, market or business conditions; changes in the Company’s financial condition and development plans; and other risks and uncertainties as set forth in the Company’s most recent continuous disclosure filings filed under the Company’s profile at www.sedar.com .

Although the Company has attempted to consider important factors that could cause actual costs or results to differ materially, there may be other factors that cause actual results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Copyright (c) 2020 TheNewswire – All rights reserved.



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Despite Financial Strain, Harvard Not Considering Varsity Athletic Team Cuts | News

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Harvard Athletics has spared its personnel and 42 NCAA Division I programs from cuts as it drastically reduces operations in the face of the COVID-19 pandemic, Director of Athletics Erin McDermott said in a Tuesday interview.

McDermott, who began her tenure as Harvard’s first female Athletics Director this summer, said she spent her first four months at the helm finding ways to make the department “austere in our operation.”

Harvard’s fields, courts, and pools now sit largely empty as a result of the coronavirus crisis. The Ivy League canceled the fall sports season and Harvard limited on-campus living to freshmen and a small share of upperclassmen this semester to curtail virus’s spread.

McDermott said the global health crisis has naturally circumscribed the department’s operations.

“Operations are so drastically different without having competition, you know, we’re not traveling teams, we’re not hosting competition,” she said. “With the student athletes that we have on campus, and with our recreational operations that we have ongoing for students and staff on campus, we’re operating really on an as need — and what’s really essential — kind of way.”

“There wasn’t really definitive, necessarily ‘cuts’ that were made,” McDermott added. “We’re just not doing all the same things that we would typically do.”

Still, the department has not broken even.

McDermott said two major sources of revenue the Athletics Department lost include the Harvard-Yale football game — which Harvard was scheduled to host next month — as well as the Boston Calling Music Festival, which takes place at the athletics complex every spring. As a result, McDermott said, a large part of her day-to-day job over the past four months has consisted of schmoozing potential donors virtually and soliciting their contributions.

Though McDermott did not state the extent of the department’s financial losses, the Faculty of Arts and Sciences — which oversees Harvard Athletics — netted more than $30 million in “unforeseen expenses and lost revenue” associated with the coronavirus as of April.

Despite financial pressures, Harvard Athletics has not cut any of its teams or fired its employees, according to McDermott.

While universities across the country — including peer schools such as Dartmouth and Stanford — have recently axed a handful of athletics programs to improve their balance sheets, McDermott said Harvard has not considered eliminating any of its 42 varsity teams — the most of any university in the country.

“There haven’t been conversations about cutting teams,” she said.

McDermott also said the department has been “fortunate” not to have to reduce its payroll, though it has adhered to the University-wide hiring freeze.

—Staff writer Ema R. Schumer can be reached at ema.schumer@thecrimson.com. Follow her on Twitter @emaschumer.



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Millionaires’ financial decisions are different in a few surprising ways, study finds

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The Canadian Press

Canadian cyclist Michael Woods wins Stage 7 of Spanish Vuelta

MADRID — Ottawa cyclist Michael Woods won the seventh stage of the Spanish Vuelta on Tuesday, finishing the hilly 159.7-kilometre route from Vitoria-Gasteiz to Valdegovía in three hours 48 minutes 16 seconds.
Woods, who finished second in Sunday’s sixth stage, improved to 48th overall with the win.
The EF Pro Cycling rider made his move to the front entering the final kilometre and finished four seconds in front of Spanish cyclists Omar Fraile (Astana) and Alejandro Valverde (Movistar) to take his second La Vuelta stage win.
“It was a special day,” Woods said. “I had a bit of luck, I had the legs and managed to get the win. I’m going to savour this one.”
Ecuador’s Richard Carapaz maintained the overall lead by finishing in the peloton, which crossed the line almost a minute later. The Ecuadorian kept an 18-second lead over Hugh Carthy, with Dan Martin and defending champion Primoz Roglic close behind. Roglic finished the stage in 19th place.
“I think we kept the situation under control,” Carapaz said. “We tried to stay calm and we knew things were not too dangerous with the finale. We tried to keep the breakaway under control and I think we finished with a good gap.”
Woods was the seventh different stage winner at the Vuelta this year.
“He played his cards and it worked well,” Fraile said of Woods.
Woods also won a stage in the 2018 edition of the race, when he joined Ryder Hesjedal as the only Canadians to claim a stage in the Vuelta, traditionally the third Grand Tour race on the calendar.
An emotional Woods outlasted the field in a demanding 157-kilometre Stage 17 of the 2018 Vuelta, dedicating the win to his stillborn son, who died earlier in the year when his wife was 37 weeks pregnant. They have since celebrated the birth of daughter Max (Maxine).
Hesjedal won stages in 2009 and 2014. He also won the Giro d’Italia in 2012, the only Canadian to win a Grand Tour event.
Woods has been on a good run of late. He finished third at the Fleche Wallonne one-day classic on Sept. 30.
Woods’ cycling resume also includes a victory in the 2019 Milano-Torino one-day race, a bronze medal in the road race at the 2018 world championships and a second place at the historic Liege-Bastogne-Liege one-day race in Belgium in 2018.
On Wednesday, riders will face a mountain stage of 164 kilometres (102 miles) from Logroño to the Alto de Moncalvillo.
The Vuelta is taking place amid tight health restrictions as Spain endures a surge in coronavirus cases. The race was postponed from earlier in the year because of the pandemic.
—With files from The Associated Press.
 
This report by The Canadian Press was first published Oct. 27, 2020.
 

The Canadian Press

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