Eurozone business activity shrink sharply in November as lockdowns bite November 23, 2020 Eurozone business activity shrink sharply in November as lockdowns bite
US unemployment benefit numbers spike on fresh Covid-19 resurgence fears November 19, 2020 The number of Americans filing new claims for unemployment benefits unexpectedly rose last week as new business closures to control the spiraling Covid-19 infections unleashed a fresh wave of layoffs and further slowed the labor market recovery.
British PM defends COVID-19 procurement after “chumocracy” accusations November 18, 2020 By Michael Holden LONDON (Reuters) – British Prime Minister Boris Johnson defended his government’s handling of the procurement of protective equipment during the COVID-19 pandemic on Wednesday, after a spending watchdog said suppliers with political links had been fast-tracked. The National Audit Office (NAO) said there had been a lack of transparency and a failure [...]
UK police arrest man over 1974 Birmingham pub bombings November 18, 2020 British counter-terrorism police said on Wednesday they had arrested a man over the 1974 pub bombings in the city of Birmingham which killed 21 people, the deadliest attack on the British mainland in 30 years of Northern Irish violence. The bombings took place in the crowded Mulberry Bush pub and The Tavern in Birmingham, central [...]
ICE Benchmark to consult on scrapping most Libor denominations November 18, 2020 By Huw Jones LONDON (Reuters) – Libor compiler ICE Benchmark Administration said on Wednesday it will consult on its plan to stop publishing the interest rate denominated in sterling, euro, Swiss franc and Japanese yen. Britain’s Financial Conduct Authority and other regulators have said they want banks, companies and other market participants to end the [...]
From ‘haves’ to ‘have-nots’: how COVID-19 is swelling UK’s subprime ranks November 18, 2020 By Sinead Cruise and Iain Withers LONDON (Reuters) – One morning, after years of financial prudence and solid creditworthiness, you wake up and it’s all gone. You’re no longer worthy. You’re a risk. In fact, you’re sub-prime. That is the fate facing thousands of Britons who, often for no fault of their own, could begin [...]
Trump acknowledges Biden won US election, even though it was ‘rigged’ November 15, 2020 President Donald Trump appeared to acknowledge publicly for the first time today that Democrat Joe Biden won the US presidential election, even though he asserted that it was “rigged”, reiterating his false claims of widespread voting fraud. Trump acknowledged Biden’s victory in a Twitter post in which he listed unsubstantiated allegations of fraud. Biden defeated [...]
Japan’s Nikkei index snaps eight-day winning streak as Covid-19 cases surge November 13, 2020 Nikkei snaps eight-day winning streak as COVID-19 cases surge
Deutsche Telekom raises guidance as US unit outperforms November 12, 2020 Deutsche Telekom raised its earnings guidance after reporting forecast-beating third-quarter results on Thursday, lifted by outperformance at its recently merged US unit T-Mobile. The transatlantic telecoms group upped guidance for core profit to €35bn ($41.2bn) this year, saying T-Mobile was ahead of plan on network integration while it added the most German broadband customers since 2017. “We [...]
Discounter B&M worth more than Sainsbury’s as profits soar over Covid-19 lockdown November 12, 2020 High street discounter B&M has reported a 95% rise in first-half core earnings as its low prices and out-of-town stores chimed with consumers during the Covid-19 pandemic.
