Bloomberg At least seven Hong Kong pro-democracy politicians were arrested on Sunday allegedly in relation to scuffles at a Legislative Council meeting in May, RTHK reported. Democratic Party members Wu Chi-wai, Andrew Wan and Helena Wong were arrested by police, the party said in a Facebook post. Former legislators Eddie Chu and Raymond Chan were also detained, according to their ...
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England virus lockdown may be further extended
Bloomberg Less than a day after Prime Minister Boris Johnson announced a month-long lockdown for England, one of his top ministers and closest allies signalled the measures might have to be extended if they fail to contain the spread of the coronavirus. “It will get reviewed on December 2, but we’re always driven by what the data show,†Cabinet Office ...
Read More »Algerians vote on constitution amid cynicism
Bloomberg Polls opened in Algeria for a referendum on amendments to the constitution that authorities say will address the causes of long-running unrest in the state. Voting took place nationwide from 8 am to 8 pm on Sunday, with results due on Monday. Unfortunately for a government craving stability, many of the millions who joined mass protests since early 2019 ...
Read More »Merkel’s party to meet over leadership in Jan
Bloomberg Angela Merkel’s Christian Democratic Union plans to meet in January as the party prepares to select the leader who will take it into next year’s elections. Three candidates are competing for prime position to replace Merkel, who will step down as chancellor after 16 years running Europe’s largest economy. Germany’s ruling party had originally planned to stage an in-person ...
Read More »Johnson guarantees 80% of workers’ wages in lockdown
Bloomberg UK Prime Minister Boris Johnson said he was extending the government’s wage support program as part of a new partial four-week lockdown for England and offered home owners more financial reprieve. Under the package announced by the prime minister, state payments will be made to furloughed workers of as much as 80% of their wages through the new lockdown ...
Read More »Germany set to help businesses weather Covid-19 restrictions
Bloomberg Germany will do “everything necessary†to help cushion the impact of the coronavirus on businesses as the government moves to introduce a partial lockdown on Monday, Chancellor Angela Merkel said. Merkel will meet with industry representatives on Wednesday to discuss how to further help them to ease the burden of coping with the coronavirus. “I assure you, the government ...
Read More »Reduced App Store cut to hurt results, warns Apple
Bloomberg Apple Inc. warned investors that the company’s financial results would be hurt if the amount paid from App Store downloads and subscriptions is reduced or eliminated. The warning in a regulatory filing came amid criticism from lawmakers and others about the cut of as much as 30% that Apple takes from third-party developers selling software through the App Store ...
Read More »Fortress fails to sell record bond deal for Las Vegas rail
Bloomberg Fortress Investment Group is postponing its plan to build a train to Las Vegas from Southern California after failing to sell a record amount of unrated municipal debt to finance the speculative project, showing the limits of investor appetite amid an economic downturn. Since the end of September, Fortress, through its company Brightline Holdings, had been marketing $3.2 billion ...
Read More »Rolls-Royce plans sale of ‘engine’ unit
Bloomberg Rolls-Royce Holdings Plc has hired Deloitte to conduct the sale of its diesel and gas engine division Bergen, which could fetch up to 100 million pounds ($129 million), the Sunday Telegraph reported. Germany’s MAN SE and Finland’s Wartsila Oyj could be potential buyers and a sale is expected early next year, according to the report, which didn’t say where ...
Read More »World’s largest wetland has worst fires on record
Bloomberg Brazil’s Pantanal wetlands, a fragile cradle of endangered species, burned at the fastest rate for the month of October since record keeping started in 1998, further damaging the country’s environmental credentials. At least 2,846 fire spots have been registered this month in the biome, surpassing a previous 2002 record, according to data from Brazil’s Spacial Research Institute, known as ...
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