Bloomberg President Donald Trump appeared to accept for the first time that Joe Biden had been elected the next president, tweeting on Sunday that the Democrat “won because the Election was Rigged.” “NO VOTE WATCHERS OR OBSERVERS allowed, vote tabulated by a Radical Left privately owned company, Dominion, with a bad reputation & bum equipment that couldn’t even qualify for ...

Bloomberg The leader of the Tigray region said his forces fired rockets at neighbouring Eritrea as the growing regional conflict in Ethiopia spreads beyond its borders. Tigray President Debretsion Gebremichael confirmed the shelling of Eritrea, and said in a text message that the Tigray People’s Liberation Front was fighting 16 Eritrean divisions, without offering proof. He also confirmed a missile ...

Bloomberg Brazilians are about to find out whether their popular president is able to get political allies elected in Sunday’s municipal vote. The nation of 200 million is choosing mayors and city councilors in elections that will serve as a sort of a referendum on the first half of President Jair Bolsonaro’s four-year mandate. Polls opened at 7 am local ...

Bloomberg The UK hinted that Brexit talks could stretch out beyond this week as the two sides struggle to overcome the key barriers to reaching a trade deal. While officials from both sides of the Brexit divide agree the coming week is crucial, negotiations over a trade agreement have already passed a number of informal deadlines. Britain’s chief Brexit negotiator ...

Bloomberg Banco Santander SA plans to cut as many as 4,000 jobs in Spain, adding to a global wave of staff reductions across the financial industry. The lender told union leaders it will lay off as much as 13% of its Spanish workforce and close as many as 1,000 branches after the pandemic boosted a switch by customers to digital ...

Bloomberg Baoshang Bank, which was taken over by Chinese authorities last year, plans to fully write off a subordinated capital bond after it was deemed a non-viable entity by regulators. The People’s Bank of China and China Banking and Insurance Regulatory Commission determined that a “non-viability trigger event” had taken place at the lender, Baoshang Bank said in a company ...

Bloomberg Goldman Sachs Group Inc elevated its smallest class of new partners in more than two decades. The firm picked 60 employees in its biennial promotions that serve as a nod to the bank’s history as the last major private firm on Wall Street. That’s the fewest since 1998, a year before it went public, and almost half the number ...

Bloomberg Mexico’s central bank wants to better evaluate the recent increase in the country’s inflation rate before considering a further reduction to its benchmark interest rate, Governor Alejandro Diaz de Leon said. Banxico, as the central bank is known, surprised markets by pausing a record monetary easing cycle that has lent one of the few supports to an economy expected ...

Bloomberg Japan’s biggest banks warned of a bleaker outlook for the next six months as the resurgent pandemic slams economies, even as they reported first-half profits that exceeded expectations. Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc raised their full-year profit targets, thanks mainly to strong results from trading and serving cash-strapped corporate clients in the six months ...

Bloomberg A probe into allegations of a possible cover-up of fraud by Lloyds Banking Group executives has hit fresh delays, the Times reported. The investigation into the bank’s treatment of irregularities at the HBOS Reading branch won’t be completed until 2021, or more than four years after it was commissioned, the newspaper said citing Dame Linda Dobbs, who is leading ...