Bloomberg Sudan’s main sea ports were blockaded by protesters opposed to part of a peace deal with rebels, targeting some of the ravaged economy’s major conduits for trade. Demonstrations forced facilities to close at Port Sudan and Suakin, both on the Red Sea, according to the head of a local labour committee that backs the action, Abdou Alshirbini. Protesters planned ...
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Covid-19 death toll more than double initial reports: Russia
Bloomberg Russia’s Federal Statistics Service said 45,663 people have died with Covid-19 in April through August, more than double the death toll released by the government’s virus-response staff. The latest figures from the statistics agency, known as Rosstat, include deaths both directly attributed to the novel coronavirus and cases where it was listed as an “important condition†leading to the ...
Read More »Delta forecast to become hurricane
Bloomberg Tropical Storm Delta is forecast to become a hurricane in the Gulf of Mexico later this week, clipping western Cuba and becoming the record 10th storm to hit the US when it makes landfall between Louisiana and Florida by Friday. Its winds could reach 169 kilometres per hour as it crosses the Gulf, making it a Category 2 storm ...
Read More »1MDB trial adjourned with Najib in quarantine
Bloomberg Najib Razak’s 1MDB trial was delayed as the former Malaysian premier is in quarantine after traveling to the Borneo state of Sabah, a new hotspot for the country’s coronavirus outbreak. The trial will resume on October 19 as Najib remains under two-week quarantine at his home after returning from a political campaign, according to court proceedings on Monday. He ...
Read More »Europe tightens restrictions as leaders gird for long virus fight
Bloomberg Europe is tightening restrictions to regain control of resurgent coronavirus infections, with Paris closing restaurants and new curbs likely on the way in Italy and Ireland. The continent is struggling to control the latest outbreak as opposition to limits on movement mounts and leaders resist the stringent lockdowns that hammered economies in the second quarter. Instead, the approach is ...
Read More »UK car sales stumble again, erasing hope of quick recovery
Bloomberg UK car sales fall for a second straight month, sliding 4.4% in the country’s weakest September for auto purchases in more than two decades. Registrations dropped to 328,041 cars, according to data from the Society of Motor Manufacturers and Traders. That follows a 5.8% decline in August and dashes hopes for an early recovery from a coronavirus-driven slump. The ...
Read More »Nexi to buy SIA in $5.3 billion deal to form payment giant
Bloomberg Italy’s Nexi SpA agreed to buy SIA SpA in an all-share deal that will create one of Europe’s biggest payment providers. The transaction, which values closely held SIA at 4.56 billion euros ($5.3 billion) will give Nexi shareholders about 70% of the joint company. The combined business will have annual revenue of about 1.8 billion euros and a market ...
Read More »Microsoft to build Greek data centers
Bloomberg Microsoft Corp. has agreed to build a series of new data centers in Greece, in a move the Greek government says will boost entrepreneurship and encourage other major companies to invest in the country. The “ongoing†investment will be the biggest by the US technology giant in its 28 years of operations in Greece, Microsoft President Brad Smith said ...
Read More »Credit market dysfunction in Sweden brings benefits to some
Bloomberg The dysfunction in Sweden’s credit market is creating opportunities for investors ready to take advantage of murky pricing and unreliable liquidity. Niklas Edman, a portfolio manager at Carnegie Fonder AB, says that market features such as illiquidity, a lack of transparency and price volatility are “not only a risk or threat, they can also pose an opportunity.†Given the ...
Read More »Stocks, futures advance on Trump prognosis; yen dips
Bloomberg US futures climbed with global stocks on optimism over economic stimulus and that President Donald Trump may soon leave the hospital. The yen retreated and Treasuries were steady. Consumer companies and banks led a broad advance among European stocks. Equities in Asia notched gains, while crude oil rebounded from a three-week low. Haven assets dipped, with gold and the ...
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