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Mexico seeks to curb foreign agents after general’s arrest

Bloomberg Mexico wants to restrict the activities of foreign agents after the arrest of a former top general in Los Angeles sparked diplomatic tension with the US. The proposed measures may put at risk the Drug Enforcement Agency’s (DEA) operations with Mexican informants. President Andres Manuel Lopez Obrador sent a bill to senators to tweak the national security law to ...

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Japan cabinet approval rating falls to 50% in poll

Bloomberg Japanese Prime Minister Yoshihide Suga saw his cabinet’s approval rating fall more than 12 percentage points from the previous month as his government struggled to handle another wave of coronavirus infections, according to a Kyodo poll. Support for Suga’s cabinet fell to 50.3% from 63% the previous month, according to the survey conducted between December 5 and 6 and ...

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Last-ditch push to Brexit deal starts with accusations flying

Bloomberg UK and European Union negotiators were expected to resume trade talks on Sunday as both sides strive to patch up serious last-minute differences that are threatening to derail a deal. Officials said the next 48 hours would be crucial after UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen spoke by telephone and agreed to ...

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TikTok sale deadline on hold as talks with Washington continue

Bloomberg A deadline set by the Trump administration for the forced sale of TikTok’s US assets will come and go on Friday without a final deal, according to people familiar with the discussions. While the deadline has been extended multiple times, TikTok isn’t expected to receive a new one, said the people, who asked not to be identified because the ...

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UK plans for deployment of Covid-19 vaccine nationally

Bloomberg The UK is gearing up to deploy its first Covid-19 vaccine with plans to provide the shot at more than 1,000 centres across the country over the coming weeks with the first jab expected to be given on Tuesday. The vaccine, created by Pfizer Inc and BioNTech SE, has arrived at secure locations in the UK from Belgium, the ...

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Tesla ordered to pay Chinese Model S buyer

Bloomberg Tesla Inc was ordered by a Beijing court to compensate the buyer of a used Model S car after concluding the electric automaker concealed structural damage on a vehicle it sold on its official website. The court ruled that Tesla should pay more than 1.1 million yuan ($168,420) to compensate the buyer, after it was discovered that part of ...

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Christmas tree sellers run into surprise Covid costs

Bloomberg Christmas tree vendors got a jump on sales this year as buyers looking to chase away pandemic blues started the season early. But all that demand may not necessarily translate into fat profits for sellers of evergreens or the farmers who grow them. “We typically see a wave of buying towards the second week of December, and the day ...

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Stock supply glut looms over market as firms suck in cash

Bloomberg Voracious cash appetite among virus-strapped companies and a battered economy that makes buybacks tough to justify are warping supply and demand dynamics in the stock market, something for bulls to worry about heading into year end. While American firms normally repurchase way more stock than they sell, this year has been different, as offerings by everyone from Snowflake Inc ...

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Ethereum now more than crypto coder favourite: Grayscale

Bloomberg While Bitcoin’s record-high grabs attention, its crypto compatriot Ethereum is continuing to broaden its appeal beyond the software programming crowd. Before this year, most investors’ first stop was Bitcoin, according to Michael Sonnenshein, managing director at Grayscale Investments LLC, which has investment products that track both and allows investments from institutional and accredited investors only. But the Ethereum blockchain, ...

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10 Million Meals campaign brings home global awards

DUBAI / WAM The “10 Million Meals” campaign, which was launched to support Covid-19-hit communities in the UAE throughout the holy month of Ramadan, has bagged six Cresta Awards in creativity and innovation and five SHORTY Social Good Awards for driving positive impact in society. The campaign was also shortlisted for MEPRA Award’s Best Campaign in the Middle East in ...

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