INDIA India reported a record 57.5 thousand fresh recoveries yesterday, as the recovery rate inched up past 73%. Testing too hit a record high of 9 lakh a day. Fresh cases rose at 55 thousand to 27 lakh including 19.7 lakh recoveries. India's unemployment rate hit a nine week high last week, touching 9.1% for the week ended August 16 with urban unemployment at 9.61% and rural unemployment at 8.86%. Home minister Amit Shah who had previously tested positive and subsequently negative for Covid has been admitted back into AIIMS New Delhi yesterday after he complained of fatigue and body aches for days. Indian pharma giant Biocon's MD Kiran Mazumdar Shaw tested positive for Coronavirus on Monday. Bollywood actor Aamir Khan met the First Lady of Turkey Emine Erdogan in Istanbul, as he was visiting the country to shoot his upcoming movie “Laal Singh Chaddha”. Several Indians quickly and heavily criticized the Muslim actor for the meeting as tensions between India and Turkey have turned sour lately. India is negotiating to establish air travel arrangements with 13 more countries including Australia, Italy, Japan, New Zealand, Nigeria, Bahrain, Israel, Kenya, Philippines, Russia, Singapore, South Korea & THailand, said Civil Aviation Minister Puri. India hasn’t officially opened up international travel, rather establishes “air bubbles” with specific countries to operate flights. So far, it has done so with the US, UK, Germany, France, UAE, Qatar & Maldives. Lufthansa is experiencing a surge in demand for international travel to and from India. “For India, one of our most important international markets, we are seeing positive developments after it was more or less cut off from the rest of the world since mid-March,” said a Lufthansa director. Hong Kong banned Air India flights for 2 weeks alleging that the Indian carrier was carrying too many Covid patients. The city has reportedly found 11 Covid cases linked to Air India flights from Delhi. Online gaming platform Dream11 won IPL 2020's title sponsorship with a ₹222 bid, replacing Chinese smartphone co Vivo which was paying ₹440 crore. Mukesh Ambani led Reliance Industries is looking to make a string out investments in Indian retailers, as he races to widen his footprint in the Indian market that's become a hot spot for global giants such as Amazon. Reported Bloomberg. Deals in the pipeline include online furniture store Urban Ladder, online retailer Milkbasket, lingerie maker Zivame and online pharmacy Netmeds. UNITED STATES “You know I hate politics”, said Michelle Obama before getting political. She inaugurated the Democratic National Convention talking about Trump more so than about the Democratic nominee Biden. “Trump is the wrong president for our country”, she added. The Donald said – “I know all of these people very well, I beat them all last time”. US housing starts jumped 22% in July, the most since 2016 as real estate continues to be resilient despite the pandemic's economic ramifications. Contrary to expectations that people will migrate out of urban areas, home inventories in major US cities have decreased amid the pandemic. However, San Francisco bucked the trend. Rather heavily. According to Zillow's report. After Microsoft, another US tech giant Oracle has entered negotiations with Chinese ByteDance to acquire its video sharing app TikTok. Reported Financial Times. Tesla’s shares are rallying for no apparent reason, adding tens of billions in a single day with no end in sight. AROUND THE WORLD Younger people are now leading the spread of Covid infections, said World Health Organization – “People in their 20s, 30s and 40s are increasingly driving the spread. Many are unaware they are infected”. Germany reported nearly 1700 fresh Covid infections yesterday, its highest in nearly four months. France is planning to make masks compulsory in most workplaces as Coronavirus infections are staging a resurgence in the country. In Malaysia, a cluster of Covid case