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October 24, 2020 Aviation
Bloomberg A coalition of airline and travel industry groups is urging top US officials to develop standards for rapid testing and other measures to sidestep the growing quarantine restrictions imposed by states. Eighteen states have some type of quarantine for people arriving from Covid-19 hot spots, but “this patchwork of rules is confusing and discourages travel,†the group of 20 ...
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October 24, 2020 Politics, Uncategorized
Bloomberg Thailand is set for a fresh wave of street protests by pro-democracy activists with PM Prayuth Chan-Ocha ignoring their deadline to quit by Saturday. Free Youth and the United Front of Thammasat and Demonstration, two of the main protest groups, have vowed to stage mass gatherings until all of their demands, which include a rewriting of the constitution and ...
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October 24, 2020 Politics
Bloomberg Warring parties in Libya signed a permanent ceasefire agreement ahead of a conference to appoint a unity government for the fractured North African country. Representatives of the internationally recognised government based in Tripoli and eastern military commander Khalifa Haftar agreed to the ceasefire after talks in Geneva, the United Nations said. The pact promises to end a war started ...
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October 24, 2020 Politics
Bloomberg Malaysia’s king will meet with the country’s other royal leaders to discuss proposals by Prime Minister Muhyiddin Yassin, with media reports saying the government plans to declare a state of emergency to try to control the coronavirus pandemic. The king understands the need for continuity in the country’s administration to combat the threat of Covid-19, the palace said in ...
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October 24, 2020 Politics
Bloomberg Guinea’s President Alpha Conde won a comfortable majority victory in a vote marred by protests over the legality of his third-term bid. Conde will rule the world’s biggest bauxite exporter for another six years, after defeating former prime minister Cellou Dalein Diallo with 59% of the vote, Kabinet Cisse, the head of the electoral commission, said in a speech ...
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October 24, 2020 Politics
Bloomberg The Somali parliament on Saturday approved a new cabinet named by Prime Minister Mohamed Hussein Roble last week. All the 188 lawmakers in attendance voted in favor of the cabinet ministers, according to Parliament Speaker Mohamed Mursal Sheikh. In September, the Somali parliament ratified Roble’s appointment, less than a week after his nomination. Roble, a Swedish-Somali who had been ...
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October 24, 2020 Politics
Bloomberg The Italian government is expected to approve further virus containment measures as soon as Sunday and is mulling additional economic support even as the threat of tighter restrictions prompts protests. New infections soared above 19,000 cases on October 23, just a day after Naples — Italy’s hardest-hit city — imposed a night-time curfew in a bid to contain spread ...
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October 24, 2020 Banking
Bloomberg The Swiss National Bank (SNB) could be forced to sell a chunk of its more than $100 billion US stock portfolio as part of a campaign to ban it from investing in defense companies. A poll by gfs.bern for public broadcaster SRG showed 54% of voters in favour of the proposal, which goes to a national vote on November ...
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October 24, 2020 Banking
Bloomberg Wells Fargo & Co. is exploring the sale of its asset-management unit as the biggest banks choose paths of diving deeper into the business or getting out. The Wells Fargo unit could fetch more than $3 billion, according to a person briefed on the matter, who said the bank began discussing a possible deal with other asset managers and ...
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October 24, 2020 Banking
Bloomberg Barclays Plc Chief Executive Officer (CEO) Jes Staley’s drive to make investment banking the centerpiece of his strategy paid off in the third quarter, with equities trading in a volatile market beating the bank’s Wall Street peers. The shares approached a two-month high. The London-based bank’s equity trading income jumped 40% and foreign-exchange, rates and credit trading rises 23%, ...
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