November, 2020

• 11 November

  Biden brushes off Trump’s effort to undermine election

  

  Bloomberg President-elect Joe Biden shrugged off Donald Trump’s effort to challenge the election results, forging ahead with transition planning even as the president pursues a multi-state legal fight backed by Republican allies and the Justice Department. Trump’s campaign said it would file a federal lawsuit in Michigan that seeks to stop the state’s top election official from certifying Biden’s win. ...

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• 11 November

  AU urges ceasefire as Ethiopia clashes kill 550

  

  Bloomberg Ethiopia’s government said its forces killed at least 550 fighters loyal to the ruling party of the northern Tigray region, as the African Union called for an immediate ceasefire. Fighting is continuing in Tigray a week after federal troops began an incursion into the region in retaliation for an attack on one of its army camps in the region. ...

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• 11 November

  Typhoon Vamco: Philippines orders evacuation of residents

  

  Bloomberg Philippine authorities evacuated thousands of residents in eastern coastal communities ahead of a new typhoon, just weeks after Super Typhoon Goni barreled through the Southeast Asian nation. Typhoon Vamco, locally known as Ulysses, is forecast by the Philippine weather bureau to bring damaging winds and intense to torrential rains to provinces in the main Luzon island, including the capital ...

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• 11 November

  HK opposition quits en masse to protest new China powers

  

  Bloomberg Hong Kong’s opposition bloc resigned en masse on Wednesday after China moved to disqualify lawmakers who aren’t deemed sufficiently loyal, one of Beijing’s strongest actions yet to quash dissent in the territory. Fifteen members of the pro-democracy camp in the 70-seat Legislative Council quit following the disqualification of four members under Beijing’s new rules. The announcement was made at ...

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• 11 November

  China says Australia knows what’s needed to mend ties

  

  Bloomberg China indicated that it wants Australia to act to improve strained relations, saying Canberra should know what needs to be done to get ties back on track. “China has been pragmatic in growing its business relations with all partners. A healthy relationship needs the nurturing and care of both sides,” Assistant Minister of Commerce Li Chenggang said at a ...

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• 11 November

  Brexit talks set to miss deadline

  

  Bloomberg Trade talks between the UK and European Union are set to be extended beyond this weekend’s informal deadline and continue in Brussels next week, according to two people familiar with the matter. Negotiators have been working round the clock in London, with both sides pinpointing the end of this week as the last moment they could strike a deal ...

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• 11 November

  Italy needs to spend $11.8b a month on lockdown aid

  

  Bloomberg Italy may need to spend as much as 10 billion euros ($11.8 billion) a month to aid businesses and workers hit by coronavirus restrictions. Authorities are working on plans that would help the country navigate through a surge in infections that’s derailed the rebound from one of Europe’s worst recessions. Lockdown measures similar to the ones imposed earlier this ...

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• 11 November

  UK plans new law to protect British assets from foreign buyers

  

  Bloomberg The UK plans sweeping powers to intervene in foreign takeovers of British assets if deemed a threat to national security. A draft law would expand the range of transactions open to government intervention, the Department for Business, Energy and Industrial Strategy said. There will be scope for fines and retroactive interventions in deals that complete after the bill’s publication ...

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• 11 November

  Thyssenkrupp in talks for over $5.9bn in steel aid

  

  Bloomberg Thyssenkrupp AG is in talks with the German government over an aid package for its struggling steel unit worth at least 5 billion euros ($5.9 billion), well exceeding the group’s current market value in a key push to secure its survival. Chancellor Angela Merkel’s government has signalled a willingness to provide financial support to shore up the unit and ...

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• 11 November

  UK unemployment climbs most since 2009

  Bloomberg UK unemployment rises the most since the financial crisis over the summer, raising questions about how many job cuts could have been avoided had Chancellor of the Exchequer Rishi Sunak announced an extension to his furlough program sooner. The number of people looking for work surged by 243,000 in the three months through September, taking the jobless rate to ...

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