October, 2020

• 3 October

  How Etsy won the stock market in 2020

  Pin up the artful balloon garlands and toss the custom glitter confetti: Etsy Inc is having a gangbusters year. The online marketplace for handmade, vintage and other creative goods, which joined the S&P 500 Index last month, is the best-performing stock in that group year to date: Like many of its e-commerce-focussed peers, Etsy benefited earlier this year when brick-and-mortar ...

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• 3 October

  What’s next if Trump is ‘unable’ to govern

  Now that President Donald Trump has tested positive for Covid-19, the Department of Justice is almost certainly focussing on the 25th Amendment, which provides for the transfer of presidential authority to the vice president. No one who works for a sitting president wants to think about that amendment. But in any administration, worst-case scenarios get attention, and if the president ...

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• 3 October

  World’s best airport warns of ‘daunting’ future amid virus

  

  Bloomberg Changi Airport Group said the impact from the Covid-19 pandemic isn’t abating as officials behind the world’s best airport warned of a “daunting” period ahead. Passenger traffic for Changi for the fiscal year ended in March declined for the first time in more than a decade, as a slump in the last two months of the period wiped out ...

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• 3 October

  Malaysia Airlines talks to lessors in restructuring

  

  Bloomberg Malaysia Airlines Bhd has reached out to lessors, creditors and key suppliers as part of its “urgent” restructuring exercise as it sees little sign of the pandemic easing. The flag carrier, wholly owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, would take more drastic measures if the restructuring can’t be completed over the next few months, according to ...

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• 3 October

  Trump enters hospital with Covid, jolting poll campaign

  

  Bloomberg President Donald Trump remains in a US military hospital outside Washington after contracting the coronavirus, a development that unnerved the White House and shook his struggling re-election campaign. The White House said his symptoms were mild and that he would continue to work from a suite at the Walter Reed National Military Medical Center in Maryland, but his hospitalisation ...

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• 3 October

  Sudan signs peace accord with rebels

  

  Bloomberg Sudan’s transitional government ratified a long-awaited deal with rebels that promises to end years of war in the western region of Darfur and two southern border states. Abdul-Fattah Al-Burhan, the president of Sudan’s Transitional Sovereign Council, signed the pact with the Sudanese Revolutionary Front in neighbouring South Sudan on Saturday, formalising an agreement made in August. Under the deal, ...

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• 3 October

  Ardern votes two weeks before election

  

  Bloomberg New Zealand PM Jacinda Ardern has voted two weeks before election day as part of a strategy to encourage people to cast their ballots in advance. Early voting began on Saturday at 450 locations across the nation, ahead of the October 17 election day. The Electoral Commission has estimated as many as 60% of votes could be cast early, ...

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• 3 October

  India’s Covid-19 death toll tops 100,000 behind US

  Bloomberg India’s coronavirus death toll passed the 100,000 mark on Saturday, a milestone reached only by the US and Brazil. The South Asian nation’s total number of positive cases is 6.47 million and the death toll from the virus is 100,842, according to the health ministry. India may overtake the US in the coming weeks to become the world’s worst-affected ...

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• 3 October

  Czech tycoon leader tops regional vote

  Bloomberg Czech billionaire PM Andrej Babis’s party dominated regional elections, overcoming a drop in popularity over his mixed record in handling the resurgent coronavirus pandemic. Babis’s ANO party won the most mandates in 10 out of 13 regions in the vote, according to partial results. That compared with ANO’s victories in nine regions four years ago. While local administrations hold ...

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• 3 October

  ECB to start experimenting with a digital version of euro

  

  Bloomberg The European Central Bank (ECB) will start experimenting with a digital version of the euro while holding a public consultation in a major step towards introducing the technology. “Our role is to secure trust in money,” President Christine Lagarde said as the ECB published a study into the benefits and drawbacks of a digital currency. “This means making sure ...

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