November, 2021

• 30 November

  Flat Cyber Monday sales point to dull deals, shipping woes

  

  Bloomberg Lackluster deals and scarce inventory kept Cyber Monday sales flat compared with a year ago, the latest indication that shoppers made purchases earlier in the season due to concerns about global shipping logjams. US shoppers spent $7.1 billion on Cyber Monday in New York, according to Adobe Inc. It’s too early to determine if Cyber Monday breaks last year’s ...

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• 30 November

  Two with omicron variant transited Changi: Singapore

  Bloomberg Singapore started contact tracing for airport staff who may have come into contact with two travelers infected with the omicron variant of Covid-19 who transited through Changi Airport on their way to Australia from South Africa, the health ministry said. Two individuals, described as being from southern Africa, flew from Johannesburg to Singapore on a Singapore Airlines flight, and ...

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• 30 November

  Retail traders snapped up $2b of ETFs

  Bloomberg Retail investors were quick to plow cash into the biggest US exchange-traded funds and industries like airlines and travel stocks when the market was hammered. The day-trading crowd snapped up roughly $2 billion in assets like the SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 as the buy-the-dip crowd stepped in where Wall Street didn’t, according ...

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• 30 November

  Putin warns on Ukraine ‘red line’ as US, UK pledge response

  

  Bloomberg President Vladimir Putin warned the West not to cross the Kremlin’s security “red line” as the US and the UK said any Russian incursion into Ukraine would trigger serious diplomatic and economic responses. Expansion of western military infrastructure into Ukraine would leave Moscow exposed to the risk of attack in as little as five minutes “if supersonic weapons are ...

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• 30 November

  France to offer UK migration deal with EU amid Brexit feud

  

  Bloomberg France is preparing to offer Boris Johnson proposals for an agreement with the European Union (EU) on migration, less than a week after Emmanuel Macron slammed the UK premier for not taking the issue seriously enough. Prime Minister Jean Castex was expected to write to Johnson to suggest they work on a pact with the EU after at least ...

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• 30 November

  Germany’s incoming chancellor urges mandatory Covid shots

  

  Bloomberg Germany’s incoming chancellor threw his support behind mandatory Covid-19 vaccinations as European leaders take a tougher line in a bid to check a brutal surge in infections. During a video conference, Olaf Scholz told outgoing Chancellor Angela Merkel and state premiers that he would support a broad requirement to get shots, according to a person familiar with the discussions. ...

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• 30 November

  Covid pushes hunger to 20-year high in LatAm

  

  Bloomberg Hunger in Latin America and the Caribbean reached levels not seen in two decades in 2020 as the pandemic swept away jobs and pushed many in the region into poverty. The number of Latin Americans who don’t have access to enough food rose by 13.8 million to 59.7 million between 2019 and 2020, according to a UN report. The ...

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• 30 November

  Ex-airline CEO is New Zealand’s oppn leader

  

  Bloomberg New Zealand’s main opposition National Party appointed its fifth leader in four years, choosing newcomer Christopher Luxon to restore its support and take on Prime Minister Jacinda Ardern. Luxon, a former Air New Zealand chief executive, was elected leader by National Party members of parliament at a caucus in Wellington. The 51 year-old is the protégé of former prime ...

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• 30 November

  Consumer credit in UK rises to record $942bn in October

  

  Bloomberg UK consumers took on unsecured loans at the fastest pace since the aftermath of the first lockdown, adding to signs that people are becoming more willing to spend. Consumer credit rises 706 million pounds ($942 billion) in October, more than economists forecast the highest figure since July last year, Bank of England figures show. Borrowing on credit cards accounted ...

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• 30 November

  French inflation hits highest rate in more than a decade

  

  Bloomberg French inflation accelerated in November to the quickest pace in more than a decade as surging energy and manufactured goods prices offset a fall in fresh food costs. After Germany recorded a 6% surge in prices in the same period, the inflation data for the euro area’s second largest economy adds to concerns over the ECB’s insistence that the ...

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