November, 2020

• 30 November

  42 dead in Boko Haram attack on rice farmers

  

  Bloomberg Nigeria said Boko Haram insurgents attacked rice farmers in the country’s northeast, leaving at least 42 of them dead. Insurgents ambushed farmers who had gone into rice fields in the Jere district of Borno state to bring in their harvest, according to a Nigerian presidency statement on Twitter. “I condemn the killing of our hardworking farmers by terrorists,“ President ...

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• 30 November

  Trump vows to press on in Wisconsin

  

  Bloomberg President Donald Trump isn’t abandoning his drive to overturn the election results in Wisconsin, despite state officials announcing a recount in Milwaukee county had only added to Democrat Joe Biden’s lead. “The Wisconsin recount is not about finding mistakes in the count, it is about finding people who have voted illegally, and that case will be brought after the ...

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• 30 November

  Rockets from Ethiopia hit Eritrea’s capital again

  

  Bloomberg Forces in Ethiopia’s embattled Tigray region fired missiles towards the capital of neighbouring Eritrea for a second consecutive day after Ethiopian federal troops routed them from their own regional capital, according to foreign diplomats with knowledge of the attack. Officials from the Tigray People’s Liberation Front have blamed Eritrea for helping Ethiopia Prime Minister Abiy Ahmed advance against them ...

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• 30 November

  Left bankless by US sanctions, Hong Kong leader has ‘piles of cash’

  

  Bloomberg Hong Kong’s Chief Executive Carrie Lam says that she has “piles of cash” at home because she is denied basic banking services due to US sanctions. In an interview, Lam said the Hong Kong government has to pay her in cash because she does not have a bank account following sanctions imposed by the US on her and other ...

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• 30 November

  Somalia executes three Al-Shabab members

  Bloomberg The Somali military executed three members of the Al-Shabab extremist group who were convicted of several killings in the capital Mogadishu. The three included Mohamed Haji Ahmed Ilkacase, chief of Al-Shabab’s assassination unit in Mogadishu, according to military court officials. They were executed by firing squad on Sunday, the attorney general of the Somali military court, Abdullahi Bulle Kamey, ...

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• 30 November

  Kamala Harris laughs off idea of Trump 2024 run

  Bloomberg Vice President-elect Kamala Harris dismissed the prospect of a rematch against President Donald Trump, who’s been signalling he could run again in 2024 if he can’t reverse the results of this month’s vote. Speaking to reporters at a holiday market in Washington, Harris made a scoffing sound when asked whether she and President-elect Joe Biden would be prepared to ...

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• 29 November

  UK banks near pact on plan to recover soured Covid loans

  

  Bloomberg British banks are finalising plans for outsourcing the recovery of billions of pounds in taxpayer-backed business loans issued during the Covid-19 pandemic. A consortium of lenders is expected to set up an entity that will oversee debt collectors tasked with chasing bad loans, people with knowledge of the matter said. A final decision is expected in early December, said ...

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• 29 November

  JPMorgan, Lloyds set sights on Starling Bank

  

  Bloomberg JPMorgan Chase & Co and Lloyds Banking Group Plc have expressed interest in buying Starling Bank Ltd, a British challenger startup lender, the Times reported. The sale of Starling could lead to the first big merger of an established lender with a startup in Britain, the newspaper said, without identifying its sources. American giant JPMorgan is preparing to launch ...

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• 29 November

  HSBC considering exit from US retail banking

  

  Bloomberg HSBC Holdings Plc is considering an exit from US retail banking, according to a report by the Financial Times. In the coming weeks, senior managers will outline the plan to the bank’s board, the newspaper said, citing two unidentified people familiar with the matter. They are also likely to suggest reducing investment banking activities to concentrate on international clients ...

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• 29 November

  ECB officials signal support for bank dividend return

  

  Bloomberg A growing number of top European Central Bank (ECB) officials are voicing support for ending the de facto ban on banks paying dividends during the pandemic, laying the groundwork for a resumption next year and a return of investor confidence to the sector. Bank of France Governor Francois Villeroy de Galhau became the third ECB governing council member to ...

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