December, 2020

• 8 December

  Poland, Hungary mull deal over EU budget

  

  Bloomberg Poland’s prime minister launched a broadside on the European Union’s push to link funding to democratic values, ratcheting up tension over his country’s decision to derail the bloc’s $2.2 trillion spending package with Hungary. EU officials have given the two countries hours to offer a clear signal that they’ll lift their veto as early as Tuesday, according to people ...

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• 8 December

  Macron, Merkel to keep Brexit off EU summit’s agenda

  

  Bloomberg Angela Merkel and Emmanuel Macron have agreed that Brexit negotiations should be kept off the agenda of this week’s summit of European Union leaders, a sign the bloc will resist making any significant last-minute concessions to the UK and will stick with Michel Barnier’s mandate. The decision was taking during a call between Germany’s chancellor, France’s president, and the ...

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• 8 December

  Johnson to head to Brussels for crisis Brexit talks with EU

  

  Bloomberg UK Prime Minister Boris Johnson will head to Brussels within days for urgent talks with European Commission President Ursula von der Leyen, amid growing fears on both sides that Brexit trade talks will fail. The two agreed to meet after they concluded a deal remained far off, despite frantic attempts by their negotiators to break the deadlock as time ...

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• 8 December

  Outdated US vaccine data risks squeezing states’ roll out plan

  

  Bloomberg States including New York and Nevada used outdated federal estimates showing many more doses of Pfizer Inc’s vaccine would be available as they planned for the initial inflow of shots, said a spokesperson for the US Department of Health and Human Services. The estimates given to states in October for planning purposes said there could be 20 million doses ...

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• 8 December

  France to miss goal to end coronavirus lockdown

  

  Bloomberg France is poised to miss a coronavirus goal set by President Emmanuel Macron as a condition for lifting the country’s lockdown next week, with daily new Covid-19 cases holding at more than twice the targeted level. The government is worried about the pandemic indicators, and is mulling alternatives to a planned end of stay-at-home measures on December 15, Liberation ...

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• 8 December

  Nokia leads a 6G wireless project for EU

  Bloomberg Nokia Oyj is leading a group of companies and universities in a European Union funded wireless project called Hexa-X to help jump-start a new generation of mobile technology that’s already being called 6G. The group includes wireless gearmaking-peer Ericsson AB, mobile carriers Orange SA and Telefonica SA, and technology companies including Intel Corp. and Siemens AG. They’re joined by ...

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• 8 December

  Uber sells self-driving unit to Aurora, takes stake in startup

  

  Bloomberg Uber Technologies Inc sold its self-driving car division to Aurora Innovation Inc and took a stake in the startup, creating a larger competitor to the leader in the field, Alphabet Inc’s Waymo. The deal will value Aurora at $10 billion, according to people familiar with the discussions who asked not to be identified discussing private information. In exchange for ...

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• 8 December

  Most stocks, US futures drop as coronavirus cases increase

  

  Bloomberg Most stocks dropped and US futures retreated as investors focused on swelling coronavirus infections and tougher restrictions. After global equities hit an all-time high last week, sentiment has softened this week in the face of a worsening virus trends, with Hong Kong shutting gyms and New York warning that indoor dining might soon close. S&P 500 futures slipped 0.3% ...

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• 8 December

  India rally to continue in 2021 as banks take over Reliance peak

  

  Bloomberg India’s record-breaking equity rally will continue next year, with banks and other stocks taking over as drivers from the nation’s largest company Reliance Industries, some fund managers say. Reliance has accounted for nearly a fifth of the 75% surge in the S&P BSE Sensex from its March bottom, according to data compiled by Bloomberg. That’s about double the contribution ...

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• 8 December

  South African stocks edge lower in risk-off mood

  Bloomberg South Africa’s main stock benchmark index halted a five-day rally, dropping 0.1% by 9:45 am in Johannesburg and slipping from the highest close since April 2019, as a downturn in miners and weakness among banks pulls the market lower. The gauge joined peers in Asia in declining on Tuesday, as swelling coronavirus infections across the US weighed on risk ...

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