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Biden holds lead over Trump

Bloomberg Democrat Joe Biden holds a 10-point lead over President Donald Trump two months before the November 3 election, with support for each candidate getting more solid as voting day approaches, a new CBS News poll shows. Among the survey’s findings were that four in 10 Democrats say Biden isn’t campaigning enough; half of independents agree. The top issue for ...

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Russia’s Zakharova apologises over ‘jibe’

Bloomberg Russia’s outspoken Foreign Ministry spokeswoman apologised after she drew a rare public rebuke from Serbian President Aleksandar Vucic for mocking him in a social media post when he signed a US-brokered deal with Kosovo. “I apologise but my post was misinterpreted,” Maria Zakharova wrote on her Facebook page. She had intended to attack US claims of “exceptionalism” and not ...

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European stocks advance while Nasdaq futures slide

Bloomberg European stocks climbed as analysts speculated the market could be relatively resilient as Asian and US markets start pulling back. The pound weakened on concern the UK is inching closer to a no-deal Brexit. The Europe Stoxx 600 opened higher on Monday with broad gains across industry groups. The dollar index strengthened, while oil extended a retreat below $40 ...

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SoftBank shares fall 8% with Son’s foray into options trading

Bloomberg SoftBank Group Corp. shares tumbled in Tokyo after reports that the Japanese conglomerate made substantial bets on equity derivatives amid the surge in technology stocks. SoftBank shares dropped as much as 8%, the most on an intraday basis since March. The stock had gained 33% this year before Monday. The Financial Times, Wall Street Journal and Zero Hedge reported ...

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Saudis slash oil pricing in sign demand recovery struggling

Bloomberg Saudi Arabia cut pricing for oil sales in October, a sign the world’s biggest exporter sees fuel demand wavering amid more coronavirus flare-ups around the globe. The kingdom’s state producer, Saudi Aramco, reduced its key Arab Light grade of crude by a larger-than-expected amount for shipments to Asia, its main market. It also lowered pricing for US buyers. Aramco ...

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G20 ministers say education must continue amid Covid-19

RIYADH / WAM The G20 education ministers held a virtual extraordinary meeting to emphasise the central role of education in enabling people to seize the opportunities of the twenty-first century especially during the coronavirus pandemic, reported the Saudi Press Agency (SPA). The ministers expressed their support for individual and collective efforts to mitigate the unprecedented consequences of the novel coronavirus ...

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Emirates Steel picks ECI as its new credit insurance partner

DUBAI / WAM Emirates Steel has named Etihad Credit Insurance (ECI) as its credit insurance partner to provide export credit protection to its global exports. Emirates Steel has signed with ECI for a comprehensive trade credit insurance package, which will protect Emirates Steel against commercial risks of its customers such as insolvency, payment default, and political risks. Under the agreement, ...

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Covid-19: UAE reports 2,443 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) on Sunday said it carried out over 87,336 additional Covid-19 tests in the country over the last 24 hours, uncovering 513 new cases. It also announced the recovery of an additional 2,443 individuals from the virus, bringing the total number of recoveries to 66,095. No new deaths were recorded ...

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Wizz Air Abu Dhabi receives first aircraft

Abu Dhabi / Emirates Business Wizz Air Abu Dhabi, the new national airline of the United Arab Emirates celebrates the arrival of its first state-of-the-art new Airbus A321neo aircraft to Abu Dhabi International Airport. Wizz Air Abu Dhabi, the joint-venture established between ADQ, one of the region’s largest holding companies, and Wizz Air Holdings Plc, has recently received national carrier ...

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