November, 2020

• 23 November

  Mubadala joins One Planet Sovereign Wealth Funds plan

  

  ABU DHABI / WAM Mubadala Investment Company on Sunday announced that it has officially become a member of the One Planet Sovereign Wealth Funds (OPSWF) initiative, an international coalition of SWFs established to integrate climate change considerations into their decision making and support global climate action. Through the new membership, Mubadala will leverage its scale and global presence to drive ...

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• 23 November

  10 million U.AE users from January to October: TRA

  

  Abu Dhabi / WAM The General Authority for Regulating the Telecommunications Sector (TRA) announced that official portal of the UAE Government (U.AE) has hit a new record in its number of users, reaching nearly the 10 million mark during the period from January to October of this year, an 50.73% increase over 2019, where the number of users in the ...

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• 23 November

  Green is good for firms chasing $430b market

  

  Bloomberg The itch is back for Paul Mead. After almost a decade investing in vineyards and startups in his native New Zealand, the former Barclays Plc and Enron Corp trader wants to return to the power market. What’s luring Mead is the realisation that efforts to slow global warming through renewable energy and electrification are creating new ways to make ...

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• 23 November

  GE signs pact to develop Vietnam LNG power plant

  

  Bloomberg General Electric Co and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City. The signing between GE and EVN Genco3 took place during an event with President Donald Trump’s National Security Adviser Robert O’Brien in Hanoi. O’Brien, in Vietnam for a visit which includes meetings with government officials and ...

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• 23 November

  Trump’s Afghan troop exit plan puts Biden in a jam

  

  As President Donald Trump tries to end America’s longest war, he has settled on a compromise. Instead of withdrawing all US troops from Afghanistan by Christmas, as he boasted in a tweet in October, he will be leaving behind a small counterterrorism force. It’s tempting to view the development with a sense of relief. A full withdrawal from Afghanistan, or ...

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• 23 November

  The coronavirus economy needs help

  

  Covid-19 is surging — but, finally, the light at the end of the tunnel is visible. Preliminary test results indicate that vaccines being developed by Pfizer Inc. and Moderna Inc. are more effective than many dared to hope. Treatment protocols have improved and new therapies are available. The mortality rate from the virus is dropping. Medical developments aren’t the only ...

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• 23 November

  European banks should brace for some bad news

  The discovery of two seemingly effective vaccines has raised hopes that the world will soon return to normal. For Europe’s banking system, however, this may not be an easy transition. Bankers are bracing themselves for a big increase in non-performing loans after this year’s deep recession. From Italy to Greece, the frailest lenders are already under strain. Regulators eased the ...

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• 23 November

  What a 95% effective vaccine could achieve!

  In wealthy Western countries with lots of older people, the coronavirus that causes Covid-19 has killed roughly 1% of those infected with it, meaning 99% survive. Meanwhile, two new vaccines have so far been found to be about 95% effective in preventing symptoms of the disease. Lots of people seem to have trouble thinking through percentages like these. While I ...

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• 23 November

  Trump should concede and start transition: GOP’s Toomey

  

  Bloomberg Republican Senator Pat Toomey said President Donald Trump “has exhausted all plausible legal options” in Pennsylvania, and that it was time to concede that Joe Biden won the presidential election. “President Trump should accept the outcome of the election and facilitate the presidential transition process,” Toomey said in a lengthy statement after a Trump campaign lawsuit that challenged the ...

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• 23 November

  Pompeo meets Taliban, Afghanistan officials as violence continues

  

  Bloomberg Secretary of State Michael Pompeo met officials from the Taliban and Afghan government as the US seeks to keep peace negotiations on track amid renewed violence and a surprise move by the White House to accelerate the withdrawal of US troops. The Trump administration will “sit on the side and help where we can,” Pompeo said at a meeting ...

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