November, 2020

• 25 November

  Janet Yellen has the policy chops

  

  Janet Yellen knows a deep recession and a patchy recovery from the inside. She’ll need all that policy prowess and a healthy dollop of political nous to steer the US, and by default the rest of the world, through this epic slowdown. The former Federal Reserve chair is Joe Biden’s pick for Treasury secretary, according to people familiar with the ...

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• 25 November

  We’re better off without the Black Friday frenzy

  The Christmas lights are on, but few are coming to see them. That was the scene last week on Oxford Street, London’s leading retail thoroughfare, as non-essential shops in England remained closed. It’s hardly the run-up to Black Friday that retailers had hoped for. I’ve argued before that Europe is better off without the imported annual shopping frenzy. While door-busting ...

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• 25 November

  The world needs to head off the worst in Ethiopia

  Less than a year ago, while accepting the Nobel Prize for his role in bringing peace to the Horn of Africa, Ethiopian Prime Minister Abiy Ahmed offered a reminder to his audience: “War makes for bitter men. Heartless and savage men.” He should need no further reason to call off the war he has started in his own country. The ...

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• 25 November

  Covid passports key to resuming global travel

  

  Bloomberg Global airline lobby IATA is working on a mobile app that will help travellers demonstrate their coronavirus-free status, joining a push to introduce so-called Covid passports to speed up the revival of international travel. The Travel Pass will display test results together with proof of inoculation, as well as listing national entry rules and details on the nearest labs, ...

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• 25 November

  JD’s logistics unit considering IPO at $40 billion valuation

  

  Bloomberg JD.com Inc’s logistics unit is considering an initial public offering (IPO) that could raise at least $5 billion, according to a person familiar with the matter. JD Logistics is targeting a valuation of about $40 billion, the person said, asking not to be identified as the information is not public. The company is leaning towards choosing Hong Kong as ...

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• 25 November

  Amazon workers to form union in Alabama

  

  Bloomberg Amazon.com Inc warehouse workers in Alabama filed a petition with the US National Labor Relations Board to form a union, the latest sign of strife between the online retailer and its large blue-collar workforce. The federal agency posted a notice for a hearing to determine if the petition meets the criteria to advance to the next step. With enough ...

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• 25 November

  Macy’s to carry more Black-owned brands

  

  Bloomberg Macy’s Inc plans to devote more of its shelf space to Black-owned brands, becoming one of the most prominent names to join the nascent 15 Percent Pledge movement for racial equity in the retail world. The department-store chain follows retailers such as West Elm and Sephora signing onto the 15 Percent Pledge, a grassroots effort to increase representation of ...

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• 25 November

  Malaysia Airlines seeks financial aid

  Bloomberg Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, Reuters reports, citing an email from the company. “Malaysia Aviation Group has requested financial support from our shareholder Khazanah Nasional although the company isn’t in a position to comment on amount at this point ...

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• 25 November

  Biden offers Trump rebuke with his spy chief, DHS picks

  

  Bloomberg President-elect Joe Biden is delivering a not-so-subtle rebuke to President Donald Trump with his choices of nominees to lead two key national-security agencies. For his director of national intelligence, Biden has selected Avril Haines, a former top CIA official with years of experience in the espionage community who would fill a job that Trump had largely reserved for people ...

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• 25 November

  Tigray youth group behind massacre of 600 people: Ethiopia

  

  Bloomberg An informal militia made up of Tigrayan youths killed at least 600 Ethiopian civilians identified as belonging to other ethnic groups on November 9, according to a state-run human rights body. The massacre occurred less than a week after a conflict started between federal forces and Tigrayan soldiers in the northern Ethiopian region. The youths, known as Samri, and ...

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