November, 2020

• 7 November

  Novelli expects more volatility on virus setbacks

  Bloomberg Negative surprises on Covid-19 crisis may fuel further market volatility in Europe, including potential corporate defaults next year, according to Piero Noelli, co-head of UBS Group AG’s investment bank. Lockdowns in Europe and restrictions on mobility will cause a double dip in growth in the fourth quarter, he said in an interview with Bloomberg TV’s Francine Lacqua. Setbacks on …

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• 7 November

  Apple all set to launch MacBooks with own chips

  

  Bloomberg Apple Inc’s 15-year relationship with Intel Corp will officially begin to unwind next week when new Mac computers are revealed. The Cupertino, California-based technology giant said that it will hold an online event dubbed “One more thing” on November 10. That “thing” will be Macs with main processors designed by Apple for the first time, replacing Intel chips that …

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• 7 November

  Germany probes Amazon, Apple over ‘online sales’

  

  Bloomberg Amazon.com and Apple face German antitrust scrutiny over a policy that excludes independent sellers of brand products on the online market place. Germany’s Federal Cartel Office, the country’s antitrust regulator, is probing both companies over a policy at Amazon called “brandgating,” the authority said in an emailed statement. The policy allows makers of branded products such as iPhones to …

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• 7 November

  Waymo begins fully driverless rides for Arizona customers

  

  Bloomberg Waymo said that it is opening its fully driverless ride-hailing service in suburban Phoenix to the public. Alphabet Inc’s self-driving car unit began ferrying a select group of a few hundred customers, known as “early riders,” in vehicles without safety drivers in the summer of 2019. After receiving feedback from those riders, who were bound by non-disclosure agreements not …

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• 7 November

  BMW sees China car sales recovery

  Bloomberg BMW ended an upbeat quarter for European automakers by warning that the rapidly resurging coronavirus pandemic could wreck a sales recovery driven by strong demand in China. BMW confirmed its full-year profit forecast on the back of rising sales in China. Still, the German luxury carmaker cautioned that Covid-19 is worsening in Europe’s biggest markets, with fresh lockdowns threatening …

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• 7 November

  Facebook posts sales jump on ad revival

  Bloomberg Facebook posted a better-than-projected gain in third-quarter revenue, indicating that a major advertiser boycott had a limited impact against the backdrop of a broader revival of spending on digital marketing. The Menlo Park, California-based company said sales rose 22% to $21.5 billion, compared with the $19.8 billion average analyst estimate in a Bloomberg survey. While Facebook reached 2.74 billion …

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• 5 November

  Stable oil market key to post-pandemic recovery

  

  Vienna / WAM A balanced and stable oil market is a prerequisite for post-pandemic recovery, adequate investments and future prosperity for consumers and producers alike, affirmed seventh high-level meeting of the Opec-Russia Energy Dialogue, hosted by Opec, which took place via videoconference. The meeting was co-chaired by Mohammad Sanusi Barkindo, Secretary General of Opec, and Alexander Novak, Minister of Energy …

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• 5 November

  UAE opens consulate general in Moroccan city of Laayoune

  LAAYOUNE / WAM The United Arab Emirates on Wednesday opened its consulate general in Laayoune, southern Morocco. This followed a recent telephone conversation between His Majesty King Mohammed VI of the Kingdom of Morocco and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in which His …

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• 4 November

  Vestas shares fall as Trump risk spooks investors

  

  Bloomberg Shares of Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, fell the most in three years as investors weighed the impact of the US election on the renewable energy sector. Shares fell as much as 13% before recovering some losses; down 7.7% in Copenhagen. The wind turbine maker posted a stronger-than-expected profit in the third quarter on Wednesday. …

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• 4 November

  Statkraft to buy British renewable energy developer

  Bloomberg Statkraft AS has signed an agreement to buy the London-based renewable energy developer Solarcentury Holdings Ltd, it said in statement. The 118 million-pound ($152 million) deal will hand the Norwegian state-owned utility six gigawatts of solar projects under development in Spain, the Netherlands, the UK, France, Greece, Italy and Chile. “This acquisition is in line with our strategy to …

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