Pramod Thomas is a senior correspondent with Asian Media Group since 2020, bringing 19 years of journalism experience across business, politics, sports, communities, and international relations. His career spans both traditional and digital media platforms, with eight years specifically focused on digital journalism. This blend of experience positions him well to navigate the evolving media landscape and deliver content across various formats. He has worked with national and international media organisations, giving him a broad perspective on global news trends and reporting standards.
KEY emerging market economies are taking a severe hit to GDP amid the coronavirus pandemic, with India seeing the first contraction in decades, the IMF said.
The updated World Economic Outlook shows India's GDP will fall 4.5 per cent this year, far worse than expected in April just after the pandemic first took hold outside of China.
Mexico will see a double digit decline of 10.5 per cent while Brazil just misses that mark with a drop of 9.1 per cent.
Argentina is projected to fall 9.9 per cent, with the country already in the middle of a massive debt crunch on top of the health and economic crises after once again defaulting on its foreign obligations.
During the global financial crisis in 2009, these emerging markets, along with China, were booming, supporting the global economy even as advanced nations faced severe recessions.
Meanwhile, South Africa's GDP is seen dropping 8.0 per cent, while oil-producer Nigeria falls 5.4, the IMF said.
According to IMF, this is a "crisis like no other". The world GDP will sink 4.9 per cent this year and wiping out $12 trillion over two years, the IMF said.
Worldwide business shutdowns destroyed hundreds of millions of jobs, and major economies in Europe face double-digit collapses.
The prospects for recovery post-pandemic -- like the forecasts themselves -- are steeped in "pervasive uncertainty" given the unpredictable path of the virus, the global agency said.
"The Covid-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast," the fund warned.
While businesses are reopening in many countries and China has seen a bigger rebound in activity than expected, a second wave of viral infections threatens the outlook, the report said.
World GDP is expected to rebound by just 5.4 per cent in 2021, and only if all goes well, the IMF warned.
Poor most vulnerable
IMF chief economist Gita Gopinath said under current forecasts, the crisis will destroy $12 trillion over two years, and cautioned, "we are not out of the woods."
"Substantial joint support from fiscal and monetary policy must continue for now," Gopinath said in a blog post.
The downturn is particularly damaging for low-income countries and households, and threatens to endanger the progress made on reducing extreme poverty, the Washington-based crisis lender said in its report.
The fund made drastic downward revisions to most of the April forecasts made in the early days of the pandemic, and IMF economists fear the coronavirus will leave lasting scars on employment, businesses and trade.
Hanging over the predictions is the bill for massive government stimulus plans, which were fueled by extremely low interest rates and likely prevented the recession from turning into a depression even as they created huge and ever-increasing debt levels.
- Drastic, downward revisions -
The damage is nonetheless stunning, and more widespread than any downturn in recent decades. The recession in many major economies will be more than double that suffered during the global financial crisis in 2009, which came as major developing economies like China, India and Brazil were booming.
China will eke out growth of one percent this year, the only positive figure on the long list of key economies the IMF tracks.
The United States will shrink eight percent and Germany slightly less, while France, Italy, Spain and Britain will suffer double-digit contractions. Japan makes out a bit better with a drop of just 5.8 percent, according to the forecasts.
Mexico also will see a double-digit decline while Brazil just misses that mark, as does Argentina, which is in the middle of a massive debt crunch on top of its health and economic crises after the country once again defaulted on its foreign obligations.
The IMF pointed to International Labour Organization data estimating more than 300 million jobs were lost in the second quarter of the year.
The "sizeable" flood of government funds to support workers and businesses "have forestalled worse near-term losses," but the IMF urged countries to avoid a situation where aid is "prematurely withdrawn or improperly targeted" since that could worsen the economic damage.
"A more prolonged decline in activity could lead to further scarring, including from wider firm closures, as surviving firms hesitate to hire jobseekers after extended unemployment," the fund warned.
With transport and manufacturing shut down for weeks, the IMF projects global trade volume will collapse by just under 12 percent -- and advanced economies will see an even more dramatic drop.
The IMF also warned of dangers posed by eroding relations between and within countries.
"Beyond pandemic-related downside risks, escalating tensions between the US and China on multiple fronts, frayed relationships among the Organization of the Petroleum Exporting Countries (OPEC+) coalition of oil producers and widespread social unrest pose additional challenges to the global economy," the report said.
Abhishek Bachchan credits Aishwarya Rai for taking the lead in daughter Aaradhya’s upbringing.
Says Aaradhya, now 13, has no phone and stays away from social media.
Calls Aishwarya “selfless” for prioritising parenting over everything else.
Slams online gossip surrounding their marriage as baseless and insensitive.
Actor Abhishek Bachchan has dismissed recent speculation around his marriage with Aishwarya Rai Bachchan, instead shining a light on her unwavering dedication as a mother. In a recent chat, he spoke warmly about their 13-year-old daughter Aaradhya, revealing that she neither owns a mobile phone nor uses social media, something he attributes to Aishwarya’s hands-on parenting.
Aaradhya Bachchan has no access to social media or a personal phoneGetty Images
Aishwarya Rai's parenting praised as ‘selfless and devoted’
Speaking in an interview, Abhishek was full of admiration for how Aishwarya has raised their daughter. "I have to give credit entirely to Aishwarya. I go out and work, but she does all the heavy lifting when it comes to Aaradhya. She’s incredibly selfless,” he said. According to him, Aishwarya’s decision to put her daughter's well-being above everything else has shaped Aaradhya into a grounded young person.
Abhishek Bachchan calls Aishwarya a devoted mother and partnerGetty Images
Aaradhya has no phone, no social media — by choice and design
In an era when most teenagers are glued to their screens, Aaradhya stands out. “She doesn’t have a phone. She’s not on any social media. She’s being raised to be thoughtful and aware,” Abhishek said. He also acknowledged that while Aishwarya plays the larger parenting role, Aaradhya herself deserves credit for the person she’s becoming, calling her a “wonderful little lady” who brings joy and pride to the family.
Aaradhya is now taller than Aishwarya says Abhishek in candid interviewGetty Images
Responds to rumours, says online chatter can be hurtful
For months, the internet has been buzzing with speculation about a rift between Abhishek and Aishwarya. Without naming any specific rumours, Abhishek expressed frustration with how quickly false stories gain traction. “People sit behind their screens and type things without realising they’re talking about real lives. It’s very easy to be nasty online,” he shared during a media interaction.
Aishwarya Rai often seen with daughter Aaradhya at public eventsGetty Images
‘She’s taller than Aishwarya now’: a proud dad reflects
Recalling the night Aaradhya was born, Abhishek fondly mentioned how she once fit in the crook of his arm. “She’s taller than Aishwarya now,” he said with a smile, adding that the happiness of coming home to a healthy family is what matters most to him today.
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To address the ongoing demand, Nintendo is working to increase production
Nintendo Switch 2 demand outstripping supply in several countries
Over 2.2 million applications submitted in Japan’s lottery sales
Nintendo held four purchase draws, with a fifth scheduled for early July
Company aims to strengthen production and supply to meet demand
Switch 2 had the biggest launch in Nintendo history
Strong demand leads to shortages
Nintendo president Shuntaro Furukawa has confirmed that demand for the Nintendo Switch 2 has surpassed available supply in many regions. Speaking during the Q&A session of the company’s 85th annual general meeting of shareholders, Furukawa addressed concerns about ongoing stock shortages.
“Currently, for Nintendo Switch 2, demand is exceeding supply in many countries, and we sincerely apologise for any inconvenience this may be causing our consumers,” he said.
Furukawa acknowledged that even shareholders and their families may be struggling to secure a unit, particularly in Japan, where Nintendo implemented a lottery system through its official My Nintendo Store.
2.2 million applications in Japan alone
The company began accepting applications for the Switch 2 via random draw in early April. Applicants had to meet specific criteria to qualify. The number of entries far exceeded Nintendo’s expectations, with over 2.2 million applications submitted.
Furukawa noted that, as of April 23, he had posted a public message on X acknowledging the high demand and apologising to those not selected. Four lottery rounds have since taken place, but many hopeful customers remain without a console. A fifth draw is scheduled for early July.
While many Japanese retailers also used lottery systems for launch sales, Furukawa stated that more stores are now offering the device for direct purchase.
Nintendo to boost supply
To address the ongoing demand, Nintendo is working to increase production and distribution efforts. “We will continue to strengthen our production and supply systems to deliver as many Nintendo Switch 2 systems as possible to our consumers,” Furukawa said.
The Nintendo Switch 2 launched on 5 June and sold over 3.5 million units worldwide within its first four days, according to VGChartz estimates. This marks the most successful hardware launch in Nintendo history, surpassing the original Switch’s launch week total of 1.4 million units.
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Ranveer Singh in a still from Lootera that captured his most restrained performance
Ranveer’s subtle performance in Lootera marked a major shift from his usual high-energy roles.
The 1950s-set romantic drama became a career milestone for the actor.
His restrained, emotionally complex portrayal earned long-term critical acclaim.
The film showcased a successful collaboration with director Vikramaditya Motwane.
As Dhurandhar builds buzz, Lootera reminds us of Ranveer’s range.
Twelve years ago, Ranveer Singh surprised audiences with Lootera, a period romance that asked him to do something unfamiliar: stay still. Set in 1950s Bengal and directed by Vikramaditya Motwane, the film gave Ranveer the space to deliver one of his most subdued and mature performances. No outbursts. No spectacle. Just quiet heartbreak.
Lootera released in 2013 and marked a stylistic shift for Ranveer Singh Prime Video
Here’s why his role as Varun still holds up more than a decade later:
1. A rare lesson in stillness
Known for loud roles and louder screen presence, Ranveer turned things down, way down in Lootera. His portrayal of a soft-spoken, guilt-ridden thief proved that less can sometimes be more. His silences did the heavy lifting, letting emotion simmer just beneath the surface.
Ranveer Singh’s role as Varun showed he could command the screen without saying much
2. He took a risk and it worked
At a time when most rising stars would double down on mass-appealing hits, Ranveer picked a slower, more poetic film. It was a gamble, especially for someone fresh off commercial successes. But Lootera earned him serious critical respect and broadened perceptions of what he could do as an actor.
The period romance Lootera became a turning point in Ranveer Singh’s career
3. An emotionally layered performance
Varun isn’t a typical romantic lead. He’s torn, flawed, and emotionally guarded. Ranveer managed to convey all that complexity with minimal dialogue, relying instead on body language and micro-expressions that hinted at heartbreak and inner conflict.
Ranveer Singh’s performance in Lootera was praised for its emotional restraint
4. A director who brought out his quieter side
Vikramaditya Motwane’s direction played a big role in shaping the performance. There’s a quiet rhythm to the film, and Ranveer adapted beautifully to it. The collaboration allowed him to step into a world that demanded introspection over intensity, and he delivered.
Ranveer Singh and Sonakshi Sinha starred in the romantic drama set in 1950s BengalYoutube/Altt Balaji Motion Pictures
5. A role that aged well
Not all performances hold up years later, but Lootera does. While it wasn’t a box office juggernaut, the film has since found cult love. Ranveer’s turn as Varun remains one of his most respected, proof that charisma doesn’t always need volume.
Lootera’s legacy has grown over the years despite its modest box office runYoutube/Altt Balaji Motion Pictures
What’s next?
Twelve years on, Lootera continues to be a defining moment in Ranveer Singh’s career. And with his next film, Dhurandhar, already drawing attention for a darker transformation, it’s clear the actor is still full of surprises.
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The chain had also gained a following for its themed brunches
Chinese dim sum restaurant Ping Pong has closed all its UK locations
The chain made the announcement via social media
Founded in 2005, the brand thanked customers and staff for their support
Loyal diners shared memories and disappointment in the comments
All branches are permanently closed
Chinese restaurant chain Ping Pong has permanently closed all its branches in the UK, the company confirmed in a social media announcement.
Founded in 2005 by restaurateur Kurt Zdesar, the dim sum chain had become popular for its stylish interiors, creative menus, and Asian-inspired cocktails. The company did not provide prior notice of the closure but said the decision marked the end of an “unforgettable” 20-year journey.
Social media announcement thanks customers and staff
In a post shared on Instagram, the company wrote: “It’s a wrap. After 20 unforgettable years, all Ping Pong locations are now permanently closed.
“We’re incredibly proud of what we built, an independent hospitality brand full of creativity, flavour and soul.
“To everyone who joined us over the years, for dim sum dates, happy hours, bottomless brunches, and just-because catch-ups – thank you.
“You shared your moments with us, passed around little parcels of deliciousness, and helped make Ping Pong what it was.
“To our collaborators, suppliers, and the incredible team who kept the steam going, thank you. It’s been sum-thing truly special.”
Customers express sadness over sudden closure
Regular customers responded to the announcement with disappointment and nostalgia. Many expressed shock over the sudden news and the lack of notice.
One Instagram user commented: “Noooo, we’ve made some amazing memories there, birthdays, anniversaries, you name it. The food was always so amazing.”
Another said: “WHAT?? WE HAD NO CHANCE TO SAY GOODBYE! NO WARNING.”
Others fondly recalled the restaurant’s atmosphere and signature dishes, with one writing: “The food and the lychee cocktails will be sorely missed.”
Ping Pong had multiple locations across London and was known for its contemporary take on traditional Chinese dim sum. The chain had also gained a following for its themed brunches, casual dining experience, and cocktail offerings.
No further information has been shared regarding the reason behind the closure or whether the brand will return in a new format.
THE seven-year prison sentence handed to a 15-year-old boy convicted of the manslaughter of 80-year-old Bhim Sen Kohli is to be reviewed under the UK’s Unduly Lenient Sentence (ULS) scheme.
The boy, who cannot be named due to legal restrictions, was found guilty of carrying out an "unprovoked" attack on Kohli as he walked his dog in a park in Leicester, eastern England, in September last year.
The review follows a detailed assessment by Solicitor General Lucy Rigby KC MP to determine whether the case met the threshold for referral.
“The Solicitor General, Lucy Rigby KC MP, was appalled by this violent, cowardly attack on an innocent man. She wishes to express her deepest sympathies to Bhim Kohli’s friends and family at this difficult time,” said a spokesperson for the Attorney General’s Office.
“After a detailed review of the case, the Solicitor General concluded the sentence of the 15-year-old could be referred to the Court of Appeal. The court will now determine whether the sentence should be increased.”
A 13-year-old girl, who was also convicted of manslaughter for her role in the attack, avoided a custodial sentence. She had filmed the assault while laughing and encouraging the boy, the court heard.
At a sentencing hearing on June 5 at Leicester Crown Court, Justice Mark Turner described the attack as “wicked”. He said he was legally bound to consider the defendants’ ages.
The boy, referred to as D1, was convicted of physically assaulting Kohli, while the girl, referred to as D2, received a three-year youth rehabilitation order with a six-month curfew.
Addressing the girl in court, Justice Turner said that a custodial sentence would likely cause “more harm than good”. It is understood that her sentence will not be referred for review as it did not meet the legal threshold.
During the trial, the court was told that Kohli had been racially abused and repeatedly punched and kicked. His daughter, Susan Kohli, found him lying on the ground after the attack.
“They chose to attack a defenceless pensioner and for that I cannot give them any of my sympathy,” she said after the sentencing.
Kelly Matthews, senior district crown prosecutor at the Crown Prosecution Service, called the incident “tragic” and said it had deeply affected the Leicester community and beyond.
“Kohli set out to walk his dog in his local park, as he did every day, but lost his life in what followed,” she said.