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October 14, 2020 Politics
Bloomberg Democratic presidential nominee Joe Biden spent weeks refusing to answer whether he would give in to liberals and agree to expand the number of seats on the Supreme Court, but when he finally responded, he left himself plenty of wiggle room. The answer — “I’m not a fan of court packing†— was open enough to give comfort to ...
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October 14, 2020 Politics
Bloomberg A wave of demonstrations in Nigeria against police brutality showed no signs of letting up on Wednesday, with a 10th straight day of marches being staged in Abuja, the capital, and Lagos, the commercial hub. Several main streets and bridges in Lagos will be sealed off until police officers who shot dead a participant in an October 12 march ...
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October 14, 2020 International News, Uncategorized
Bloomberg US states saw their tax revenue drop by about $31 billion, or 6%, from March through August, compared to the same period a year earlier, as the pandemic triggered economic shutdowns across the country, according to a data from 44 states compiled by the Urban Institute. The scale of the drop appears smaller than expected, relative to the depth ...
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October 14, 2020 International News, Uncategorized
Bloomberg Germany’s economy is losing steam but will do slightly better than government forecasts as fears grow over rising coronavirus infections, according to the country’ s five leading research institutes. Gross domestic product will contract by 5.4% in 2020 and grow 4.7% next year, the experts predicted in their latest bi-annual outlook published on Wednesday. In their spring report, they ...
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October 14, 2020 Real Estate, Uncategorized
Bloomberg Wealthy buyers of mansions and penthouse apartments in London are finding that the pandemic isn’t throwing bargains their way. Luxury homes that changed hands for more than $13 million in the second quarter sold at an average 95% of their asking prices, according to latest data from broker Knight Frank. That was the smallest discount since the end of ...
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October 14, 2020 International News
Bloomberg PG&E Corp. is preparing to cut the lights to 162,000 Californians in 24 counties in its latest effort to keep strong winds from knocking down live wires and igniting wildfires. PG&E will make a final decision on the power cuts, with the first customers expected to go dark later that day, Mark Quinlan, an incident commander for the San ...
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October 14, 2020 International News, Uncategorized
Bloomberg Brazil’s consumer inflation recorded its fastest pace for the month of September since 2003 as food and fuel prices rise, supporting the case for the central bank to keep its key rate unchanged later this month. The benchmark IPCA index rises 0.64% from August, above the 0.54% median estimate in a Bloomberg survey of economists. Annual inflation accelerated to ...
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October 14, 2020 Stocks
Bloomberg European stocks rise with US futures as investors prepared for some of the biggest banks to report earnings including Wells Fargo & Co. and Bank of America Corp. The pound pared declines after the UK signalled it will continue efforts to reach an agreement with the European Union on their future relationship beyond Prime Minister Boris Johnson’s October 15 ...
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October 14, 2020 Stocks
Bloomberg Chinese domestic equities are worth more than $10 trillion for the first time since 2015, when a record crash erased half the market’s value in months and saddled millions of investors with losses. The world’s second-largest stock market added $3.3 trillion since a low in March, helped by Beijing’s policies to encourage trading, a flurry of new listings that ...
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October 14, 2020 News
Abu Dhabi / WAM Mubadala Investment Company on Tuesday announced that it is pumping 200 million euros into Evotec SE, a German pharmaceutical company that specialises in drug discovery solutions. Evotec SE said that it resolved a capital increase from its authorised capital without pre-emptive rights against cash. Evotec will issue a total of 11,478,298 new shares to Mubadala Investment ...
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