Bloomberg Russian President Vladimir Putin sent Joe Biden a congratulatory telegram after the Electoral College formalised his victory in the November 3 election, making him among the last world leaders to recognise the US president-elect. Putin wished Biden luck and said Russia and the US can contribute to solving global problems, according to a Kremlin statement on Tuesday. “For my ...

Bloomberg Malaysia Prime Minister Muhyiddin Yassin has survived his latest leadership test after lawmakers approved his 2021 budget during the final vote in the lower house of parliament. According to House Speaker Azhar Azizan Harun, 111 MPs voted in favour of the spending plan, versus 108 who were against. The budget’s defeat would have been tantamount to the prime minister ...

Bloomberg Somalia’s government cut diplomatic ties with neighbouring Kenya, citing interference in its internal affairs. The announcement was made a day after Kenyan President Uhuru Kenyatta said he’s holding talks with the leader of a breakaway region of northern Somalia that’s lobbying for international recognition. The rift in relations comes as the two nations prepare to square-off at an international ...

Bloomberg The European market for initial public offerings (IPOs) raised more money than in 2019, defying the coronavirus crisis and nail-biting Brexit negotiations this year, led by firms that benefited from pandemic-induced lockdowns. European exchanges hosted 161 IPOs and counting, worth a combined $28.3 billion, surpassing the $26.7 billion raised over 136 listings in 2019, according to data compiled by ...

Bloomberg The Swiss economy will shrink this quarter and recover less quickly than previously expected in 2021 as renewed restrictions to stem the spread of Covid-19 pandemic in Europe and elsewhere weigh on global momentum. Switzerland’s State Secretariat for Economic Affairs sees gross domestic product (GDP) expanding 3.2% next year, slower than the 4.2% previously forecast. It said the situation is ...

Bloomberg Workplace productivity software startup ClickUp was valued at $1 billion in a $100 million investment, roughly five times its valuation in a funding round earlier this year. The new round was led by Georgian, a Canadian venture capital firm, with participation from Craft Ventures, which had invested earlier, too. San Diego-based ClickUp is one of several workplace software companies ...

Bloomberg UK job cuts jumped to the highest on record in the three months through October, raising more questions over Chancellor of the Exchequer Rishi Sunak’s refusal to extend job support programs until hours before they expired. Redundancies increased by a record 217,000 in the period, the Office for National Statistics said Tuesday. The number of people on payrolls was ...

Bloomberg Services from Alphabet Inc.’s Google experienced widespread outages around the world, temporarily preventing people from accessing Gmail, YouTube and other products. Errors ranged from a notice that “something went wrong” on YouTube, to “there was an error. Please try again later,” when attempting to log into the company’s mail product in New York. Google tools were failing to load ...

Bloomberg New York is headed towards a second full shutdown if Covid-19 cases and hospitalisations continue at their current pace, Governor Andrew Cuomo said. “If we do not change the trajectory, we could very well be headed to shut down” all non-essential businesses, Cuomo said at a virus briefing. The state reported 5,712 hospitalisations, an increase of more than 1,000 ...

Bloomberg US futures are signalling a rebound after the S&P 500 capped its longest slide since September. In other markets, trading was mixed amid lingering worries about tougher lockdowns. Contracts on the S&P 500 and Nasdaq 100 Index climbed about 0.3 percent, giving a hint of investor optimism after a bruising session on Monday. Elsewhere in markets, the mood was ...