High winds and heavy rain from an incoming deep depression (next only to a cyclone in strength and intensity) could inflict damage to thatched huts, power and communication lines and standing crops along East and West Godavari district, Visakhapatnam, Vijayanagaram and Srikakulam districts of Andhra Pradesh on Tuesday.

 

The India Meteorological Department (IMD) said that Sunday’s depression had intensified into a deep depression on Monday morning and was expected to cross Andhra Pradesh coast between Narsapur and Vishakhapatnam, close to Kakinada, early Tuesday morning with wind speeds of 55-65 km/hr gusting to 75 km/hr.

Warning for fishermen

Fishermen have been advised not to venture into West-Central, North-West and South-West Bay of Bengal and along and off the Andhra Pradesh-Odisha-Tamil Nadu-Puducherry coasts till Tuesday, while similar warning is valid over Gulf of Mannar on Monday and Tuesday.

Monsoon third-best in 30 years despite a truant July, says IMD

The sea condition

Read More

(Bloomberg) — Italy is starting to plan for what could happen to its economy if the coronavirus pandemic worsens significantly.

Loading...

Load Error

In a worst-case scenario, the Italian government sees gross domestic product dropping 10.5% this year and expanding only 1.8% next year, according to a draft budget outlook document seen by Bloomberg and still subject to change. The scenario draws on a study by Oxford Economics to factor in the impact of a renewed virus outbreak on the global economy.

Prime Minister Giuseppe Conte’s cabinet will sign off on the budget outlook at a meeting that could take place as early as Monday evening. Its baseline scenario forecasts that the economy will contract 9% this year and expand 5.1% in 2021, which might rise to 6% taking into account government stimulus.

The administration targets cutting the country’s debt pile to 151.5% of gross domestic product by 2023, according to

Read More

JAKARTA, Sept 14 (Reuters) – The markings of a rollercoaster year are plastered over Sutiwet’s small Jakarta restaurant – plastic barriers on the counters, stickers on the glass urging customers to wear masks, and a gallon of water out front for people to wash their hands.

But just as life in the Indonesian capital was starting to return to normal, the city’s 10 million residents are heading into partial lockdown for the second time.

Jakarta’s tightened social restrictions, effective from Monday for two weeks, mean businesses, malls and houses of worship can only operate at limited capacity, while dining in at restaurants and cafes is not allowed.

Small business owners such as Sutiwet, who like many Indonesians goes by only one name, are bracing themselves for the economic impact.

“We almost managed to survive the first round of large-scale social restrictions, and here comes another one,” Sutiwet, 45, told Reuters.

Read More

HOUSTON (Reuters) – Energy producers and communities along the U.S. Gulf Coast organized evacuations of residents and offshore workers on Sunday as they prepared for the second hurricane strike in less than a month.

Royal Dutch Shell Plc <RDSa.L> began shutting some of its offshore drilling operations on Sunday in preparation for Tropical Storm Sally, forecast to become a hurricane before making landfall on Tuesday, the company said.

Shell’s offshore production was unchanged and all personnel remained on production platforms, company spokeswoman Cynthia Babski said.

However, one firm, BHP <BHP.AX> does not plan to take workers from offshore facilities, a company spokeswoman said on Sunday.

Independent refiner Phillips 66 <PSX.N> was monitoring the storm on Sunday, the company said. Its 255,600 barrel-per-day (bpd) refinery is close to the forecast path of Sally across southeast Louisiana.

Tropical Storm Sally strengthened as it crept up the warm waters of the U.S. Gulf

Read More

Willie Walsh is not quite enjoying the retirement he had planned. When his departure was announced in January, he had just led British Airways owner IAG to a €2.3bn pre-tax profit for 2019, its share price was moving back towards all-time highs, and as one of the FTSE 100’s longest-serving chief executives, he was preparing to step down in March.

Fast-forward eight months and the world looks very different. After pushing back his leave date when the severity of Covid-19 became clear, Walsh will finally hand over the controls at IAG’s delayed annual meeting on Tuesday, at a time when the airline industry appears permanently changed by the pandemic and British Airways is flying only a fifth of its pre-crisis schedule. Instead of churning out profits, IAG made a €4.2bn loss in the first half of 2020, and Walsh himself will leave under the cloud of a potential shareholder

Read More

ARLINGTON, Texas (AP) — Jerry Jones won’t put a number on the attendance for the Dallas Cowboys’ home opener until the crowd is announced later this month at AT&T Stadium.

The owner of the Cowboys also hopes the 80,000-seat venue with standing room space that pushes capacity past 90,000 will be closer to full as the pandemic-altered NFL season goes on.

All of which is to say the league’s clubs are preparing for a rapidly changing environment while accepting the bottom-line notion that playing games with limited numbers of fans or none at all will affect revenues in 2020.

“You think about the lost revenue that these teams have across the board with no fans in the building,” said Bill Rhoda, president of global planning for Legends, a stadium operations company co-owned by the Cowboys and New York Yankees.

“And it goes from tickets to the concessions, to the merchandise

Read More

Happy Wednesday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.



Joe Biden wearing a suit and tie: On The Money: Business world braces for blue sweep | Federal Reserve chief to outline plans for inflation, economy | Meadows 'not optimistic' about stalemate on coronavirus deal


© Getty Images
On The Money: Business world braces for blue sweep | Federal Reserve chief to outline plans for inflation, economy | Meadows ‘not optimistic’ about stalemate on coronavirus deal

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @NJagoda and @NivElis.

THE BIG DEAL-Business world braces for blue sweep: Wall Street and business groups are bracing for the possibility of a blue sweep in Washington that would leave Democrats in charge of the White House and both chambers of Congress.

  • Democratic
Read More