November, 2020

• 19 November

  Taiwan shuts down pro-China TV channel over press freedom

  

  Bloomberg Taiwan’s broadcast regulator has ordered the closure of one of the island’s most ardently pro-China cable news networks following a month-long battle over journalistic standards and freedom of the press. The National Communications Commission (NCC) will not renew the broadcast license of Chung T’ien News, its chairman Chen Yaw-shyang said at a briefing in Taipei on Wednesday. The station ...

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• 19 November

  Thai parliament rejects monarchy reform in overhaul

  

  Bloomberg Thailand’s parliament rejected a push by pro-democracy groups for a constitutional amendment to reduce the powers of the nation’s monarchy, potentially escalating a monthslong anti-government protests. The lawmakers instead voted for setting up a charter rewriting committee that will skip any review of chapters governing the monarchy, the most powerful institution in Thailand. The roadmap for amendment proposed by ...

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• 19 November

  UK needs tough rules to save Christmas

  

  Bloomberg People in England should prepare for tough coronavirus restrictions in December and January if the rules are to be relaxed for a short period over Christmas, a public health chief said. Susan Hopkins, deputy director of Public Health England, said government scientific advice has shown “for every day that we release [measures] we will need two days of tighter ...

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• 19 November

  Danish minister ousted following mink scandal

  

  Bloomberg Denmark’s response to a coronavirus mutation in its mink population has just cost a cabinet minister his job. Mogens Jensen, the 57-year-old minister for food and veterinary affairs, is stepping down after losing parliament’s support, according to a statement issued by his office on Wednesday. His departure comes a fortnight after Prime Minister Mette Frederiksen told Danish farmers to ...

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• 19 November

  Brexit creates jobs for customs staff in eastern Europe, India

  

  Bloomberg UK companies are turning to cheaper overseas labour to complete their post-Brexit customs paperwork, creating jobs in countries such as Romania and India due to a shortage of trained staff in Britain. Anticipating a surge in demand for its services, Xpediator Plc, which handles freight flows for international companies, has been hiring workers in Romania. Dave Gladen, the firm’s ...

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• 19 November

  Pfizer seeks deals with biotech firms in China

  

  Bloomberg Pfizer Inc is on the hunt for partnerships with Chinese biotech firms developing novel drugs, as the American pharmaceutical giant regroups after Beijing’s aggressive price-cutting campaign eroded profit margins in its mainstay blockbusters. The company is embarking on a strategic shift to maintain growth in the world’s second-largest drug market after China slashed prices for off-patent medicines by more ...

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• 19 November

  UN hires 40 airlines to deliver Covid vaccine to poorest states

  

  Bloomberg United Nations humanitarian relief agency Unicef is looking to recruit some of the airline industry’s biggest operators to help distribute a coronavirus vaccine to the world’s poorest nations. Unicef held a call with about 40 carriers to make plans for the global airlift and to identify what commercial tasks each party can perform, according to Glyn Hughes, head of ...

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• 19 November

  UK’s new green plan backs 250,000 jobs

  Bloomberg UK Prime Minister Boris Johnson announced a 12 billion-pound ($15.9 billion) plan to boost green industries and tackle climate change, in a blueprint he says will create or support as many as 250,000 jobs. As he seeks to relaunch his premiership and revive the economy, Johnson aims to use his plan for a “green industrial revolution” to deliver on ...

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• 19 November

  Maersk starts $1.6b share buyback as guidance raised

  

  Bloomberg AP Moller-Maersk A/S has launched a $1.6 billion share buyback program, as the world’s biggest container shipping company says the Covid crisis has so far dented its business less than feared. Copenhagen-based Maersk, which raised its guidance for a second time since October, reported a 39% increase in Ebitda to $2.3 billion in the third quarter. Profit by that ...

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• 19 November

  Europe stocks, US futures slip on coronavirus spread

  

  Bloomberg European stocks slipped with US futures as new virus cases continue to mount in major cities around the world. The Stoxx Europe 600 Index fell 0.2% and the Nikkei 225 Stock Average lost 1.1% after Tokyo reported a record number of new Covid-19 infections. Treasury yields and the dollar extended declines after Federal Reserve Chair Jerome Powell said the ...

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