Priyanka Chopra and Nick Jonas are heading for divorce?

News Network
March 29, 2019

All is not well between the India’s international star Priyanka Chopra and her young husband Nick Jonas? Rumour mills are rife with the talks of their “imminent” divorce.

As per reports in reputed magazine ‘Ok!’ and the ‘Free Press Journal’ the husband and wife are not having a good time with each other and that the couple is already contemplating a legal separation just four months after their marriage.

"They've been fighting about everything – work, partying, spending time together. The bottom line is that Nick and Priyanka rushed into things… and now they're paying the price. Their marriage is hanging by a thread," the tabloid magazine said quoting sources.

The anonymous inside source has further contended that Jonas believed the actress was "cool and easy going" when they got married, "but recently Nick has seen a controlling side to her. She also has a temper – that's something Nick wasn't aware of until after the wedding celebrations."

Even, the Jonas family wants the relationship to end as soon as possible, as has been claimed by the tipster. The family thought that Chopra was "this mature woman who was ready to settle down and have kids," but they now feel she's a party girl who "acts like she's 21."

Interestingly, the shocking rumpurs emerged amid the couple have been spotted together partying in Miami, with Got star, Sophie Turner and her fiancé Joe Jonas.

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News Network
May 11,2020

May 11: Saudi Arabia will triple its value-added tax rate and suspend a cost of living allowance for state workers, it said on Monday, seeking to shield finances hit by low oil prices and a slump in demand for its lifeline export worsened by the new coronavirus.

Historic oil output cuts agreed by Riyadh and other major producers have given only limited support to prices after they sank on oversupply caused by a war for petroleum market share between the kingdom and its fellow oil titan Russia.

Saudi Arabia, the world's largest oil exporter, is also being hit hard by measures to fight the new coronavirus, which are likely to curb the pace and scale of economic reforms launched by Crown Prince Mohammed bin Salman.

"The cost of living allowance will be suspended as of June 1, and the value added tax will be increased to 15% from 5% as of July 1," Finance Minister Mohammed al-Jadaan said in a statement reported by the state news agency. "These measures are painful but necessary to maintain financial and economic stability over the medium to long term...and to overcome the unprecedented coronavirus crisis with the least damage possible."

The austerity measures come after the kingdom posted a $9 billion budget deficit in the first quarter.

The minister said non-oil revenues were affected by the suspension and decline in economic activity, while spending had risen due to unplanned strains on the healthcare sector and the initiatives taken to support the economy.

"All these challenges have cut state revenues, pressured public finances to a level that is hard to deal with going forward without affecting the overall economy in the medium to long term, which requires more spending cuts and measures to support non-oil revenues stability," he added.

The government has cancelled and put on hold some operating and capital expenditures for some government agencies, and cut allocations for some reform initiatives and projects worth a total 100 billion riyals ($26.6 billion), the statement said.

Central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while oil revenues in the first three months of the year fell 24% from a year earlier to $34 billion, pulling total revenues down 22%.

"The reforms are positive from a fiscal side as greater adjustment is essential. However, the tripling of VAT is unlikely to help that much in 2020 revenue wise with the expected fall in consumption," said Monica Malik, chief economist at Abu Dhabi Commercial Bank.

She said she kept unchanged her deficit forecast of 16.3% of GDP for this year, which already factors in a greater than previously announced spending cut.

About 1.5 million Saudis are employed in the government sector, according to official figures released in December.

In 2018, Saudi Arabia's King Salman ordered a monthly payment of 1,000 riyals ($267) to every state employee to compensate them for the rising living costs after the government hiked domestic gas prices and introduced value-added tax.

DIFFICULT TIMES

A committee has been formed to study all financial benefits paid to public sector employees and contractors, and will submit recommendations within 30 days, the statement said.

In late 2015, when oil prices fell from record highs, the kingdom slashed lavish bonuses, overtime payments and other benefits once considered routine perks in the public sector.

In a country without elections and with political legitimacy resting partly on distribution of oil revenue, the ability of citizens to adapt to such reforms is crucial for stability.

"Tripling the VAT will test the limits of the balance between revenues and consumption as the economy dives into a deep recession. The move will impact consumption and could also lower the expected revenues," said John Sfakianakis, a Gulf expert at the University of Cambridge.

"These are pro-austerity and pro-revenue moves rather than pro-growth ones," he said.

Hasnain Malik, head of equity strategy at Tellimer, said the VAT rise could bring about $24-$26.5 billion in additional non-oil fiscal revenue. The rise would hit consumer spending further but was a needed step towards fiscal sustainability, he said.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
February 6,2020

Los Angeles, Feb 6: U.S. silver screen legend Kirk Douglas, the son of Jewish Russian immigrants who rose through the ranks to become one of Hollywood's biggest stars, has died, his family said Wednesday. He was 103.

One of the last survivors of the golden age of cinema and the father of Oscar-winning actor and film-maker Michael Douglas, the Spartacus actor was renowned for the macho tough guy roles he took on in around 90 movies over a six-decade career.

"It is with tremendous sadness that my brothers and I announce that Kirk Douglas left us today at the age of 103," Michael Douglas said in a statement posted to Facebook.

"To the world he was a legend, an actor from the golden age of movies who lived well into his golden years, a humanitarian whose commitment to justice and the causes he believed in set a standard for all of us to aspire to."

Douglas was Oscar-nominated for his roles as a double-crossing and womanizing boxer in Champion (1949), a ruthless movie producer in The Bad and the Beautiful (1952) and tortured artist Vincent Van Gogh in Lust for Life (1956).

But his only Academy Award came in 1995 -- an honorary lifetime achievement statuette "for 50 years as a creative and moral force in the motion picture community."

Douglas is survived by second wife Anne Buydens, 100, and three sons. A fourth child, Eric, died of a drug overdose in his 40s, in 2004.

"(To) me and my brothers Joel and Peter he was simply Dad, to Catherine (Zeta-Jones), a wonderful father-in-law, to his grandchildren and great grandchild their loving grandfather, and to his wife Anne, a wonderful husband," said Michael.

"Kirk's life was well lived, and he leaves a legacy in film that will endure for generations to come, and a history as a renowned philanthropist who worked to aid the public and bring peace to the planet."

Kirk Douglas rose to the heights of Hollywood from an impoverished childhood as the son of Jewish Russian immigrants.

He was one of the last survivors of the golden age of cinema, often portraying the macho and not-always-likeable tough guy in around 90 movies over a six-decade career.

With charming dimples and a cleft chin, Douglas was a renowned ladies' man but also admitted to being angry into adulthood because of his difficult New York childhood.

"I still have anger in me," he said in a New York Times article in 1988 after the release of his first autobiography.

"I think I'm loath to let it go because I think that anger was the fuel I used in accomplishing what I wanted to do; you see it in my films, you see it in imitations people do of me."

Screen legend

The role that perhaps immortalized him as a star was that of a rebellious Roman Empire slave turned gladiator in the 1960 epic Spartacus.

Douglas also produced the film, which took four Oscars. He won praise for listing in the credits the real name of Hollywood screenwriter Dalton Trumbo, who was blacklisted for his Communist sympathies and wrote under a pen name.

There were Oscar nominations for his roles as a double-crossing and womanizing boxer in Champion (1949), a ruthless movie producer in The Bad and the Beautiful (1952) and of tortured artist Vincent Van Gogh in Lust for Life (1956).

But his only Oscar came in 1995 as an honorary lifetime achievement award "for 50 years as a creative and moral force in the motion picture community."

Other major acting roles were as a French private in a botched suicidal mission in World War I in Paths of Glory (1957) and American Western legend Doc Holliday in Gunfight at the O.K. Corral (1957).

"Often cast as a villain, amoral climber or self-obsessed grabber, Kirk Douglas took care to color his hard edges with suggestions of pain, wit and sympathy," says American Film Institute, which ranks him as 17th on its list of the greatest male screen legends.

In the 1970s he stood behind the camera, directing Scalawag (1973) and Posse (1975).

He also took up writing, penning his first autobiography The Ragman's Son in 1988 and following with around 10 other titles.

In the autobiography, Douglas writes: "I always worked in the theory that when you play a weak character, find a moment when he's strong. And if you're playing a strong character, find a moment when he's weak."

Tough childhood

Douglas was born in New York on December 9, 1916 to illiterate Jewish Russian immigrants, an only boy with six sisters.

He started out as Issur Danielovitch, later Izzy Demsky. It was tough, he recounted later, with the family poor, anti-Semitism rife and his distant alcoholic father forced to earn a living as a ragman.

"In a sense, I've always felt on the outside, looking in," he said in the New York Times article.

"It's my background, damn it. My father was an illiterate Russian immigrant, a ragman, the lowest rung on the economic scale."

His dream of a way out was through acting and he started in high school, eventually entering the American Academy of Dramatic Arts and changing his name along the way.

To survive he took jobs as a waiter, labourer and porter. In 1941 he hit Broadway but his budding career was interrupted by service in the Navy. After the war, he headed for Hollywood.

His romantic conquests were many, although he once said he had never counted, and included starls such as Rita Hayworth, Marlene Dietrich, Joan Crawford and Ava Gardner.

Douglas' four sons followed him into cinema.

Oscar-winning actor and producer Michael and Joel were from a marriage to actress Diana Webster, whom he divorced in 1951.

Three years later he married Belgian-American Anne Buydens, having Peter and then Eric, who died in 2004 from an accidental overdose.

Douglas has also brushed death: he survived a helicopter crash in 1991 and a massive stroke in 1996 that nearly robbed him of speech.

Around the time of his 100th birthday in 2016, he attributed his remarkable longevity to his second marriage.

"I was lucky enough to find my soulmate 63 years ago, and I believe our wonderful marriage and our nightly 'golden hour' chats have helped me survive all things," he said in celebrity magazine Closer Weekly.

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