November, 2020

• 23 November

  Italy seeks $9.5b to salvage economy

  

  Bloomberg Italy’s government sought parliamentary approval for 8 billion euros ($9.5 billion) of extra deficit this year, as Prime Minister Giuseppe Conte battles to shield the fragile economy from a coronavirus resurgence. A cabinet meeting chaired by Conte approved the request to parliament, according to a statement by the premier’s office. The government also signed off on a third package ...

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• 23 November

  US signs pact with Taiwan to hold annual economic talks for 5 years

  

  Bloomberg The US and Taiwan signed a pact to establish annual economic talks for five years despite objections by China to Washington’s support for Taipei. The memorandum of understanding was signed after an inaugural round of economic talks in Washington. Future discussions will alternate between the US and Taipei, Brent Christensen, director of the American Institute in Taiwan, said in ...

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• 23 November

  Nissan in talks with US firm to uplift pickup

  Bloomberg Nissan Motor is looking to breathe new life into its full-size pickup truck by electrifying it with the help of a Detroit-based startup, according to people familiar with the matter. The Japanese automaker is considering buying a battery-electric powertrain from Hercules Electric Vehicles for its Titan pickup and sharing parts for the startup’s own truck in a prospective strategic ...

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• 23 November

  Astra-Oxford shot key to escaping Covid for many nations

  

  Bloomberg Trial successes from Pfizer Inc and Moderna Inc have buoyed hopes that a Covid-19 vaccine is coming soon. But much of the world, outside of rich nations like the US, is counting on another company’s shot to escape the crisis. Findings from the final stage of AstraZeneca Plc’s vaccine studies are due to be released shortly, and the stakes ...

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• 23 November

  Investors look past chaos, throw $53 billion at stocks

  

  Bloomberg Traders might have surmised that rising coronavirus cases and turmoil atop the government would breed at least the beginnings of caution among investors. Not so much. In what is shaping up as a historic month for equities, exchange-traded funds focussed on US stocks were just hit with one of the biggest deluges of cash ever recorded, attracting nearly $53 ...

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• 23 November

  Bitcoin revival unleashes $300,000 forecast by next year

  

  Bloomberg Bitcoin mania is back and with it, the return of sky-high predictions from celebrity crypto fund managers to Wall Street stalwarts of where it can go next. The world’s largest digital currency is in the midst of an exuberant rally that this week saw it cross above $18,800 for the first time in almost three years. Strategists and crypto ...

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• 22 November

  Cooperation among GCC states will be a catalyst for growth

  DUBAI / WAM The UAE chaired the 21st virtual meeting of the Gulf Cooperation Council committee tasked with following the implementation of the joint action resolutions, issued by the GCC Supreme Council. In his opening remarks, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, said, “The rapid changes that the world is experiencing in various sectors have imposed challenges ...

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• 22 November

  UK, Canada reach trade deal in Brexit boost for Johnson

  

  Bloomberg The UK agreed with Canada to maintain the trading conditions it has through its European Union membership and to begin talks on a broader deal that would pave the way for even closer links with Britain’s 12th-biggest trading partner. The two countries will begin negotiations next year to expand their commercial agreements to cover digital trade, the environment and ...

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• 22 November

  DIFC signs deal with Israel’s Bank Hapoalim

  

  DUBAI / WAM Dubai International Financial Centre (DIFC) has entered into an agreement with Bank Hapoalim, one of Israel’s largest banks, to create a framework for both organisations to forge cooperation across financial services activities. Under the agreement, Bank Hapoalim will become part of DIFC’s global network of banks, financial centres, regulators and companies that are disrupting the financial and ...

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• 22 November

  UAE bans imports from four countries due to bird flu

  Abu Dhabi / WAM The Ministry of Climate Change and Environment (MOCCAE) issued four resolutions banning the import of birds and their byproducts from areas that recorded an outbreak of highly pathogenic avian influenza during November 2020 as per notifications from the World Organisation for Animal Health, OIE. The resolutions ban the import from the Netherlands, Germany, and select areas ...

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