October, 2020

• 13 October

  Poland’s Allegro surges 63% in debut

  Bloomberg Poland’s newest stock listing was a roaring success on its first day of trading, taking over as the biggest stock on the country’s main exchange and adding almost two-thirds in market value. Allegro.eu SA shares jumped 63% to close at 70 zloty in its first trading session in Warsaw on October 12, lifting the company’s value to 72 billion ...

  Read More »
• 13 October

  Anwar’s bid for power fails to convince king in Malaysia

  

  Bloomberg Anwar Ibrahim’s latest push to finally take power in Malaysia appears to be stalled. The long-time opposition leader claimed on Tuesday that he showed the king evidence of a “convincing majority” of more than 120 lawmakers in the 222-member in parliament. He called on PM Muhyiddin Yassin to resign and said the monarch would now determine whether the opposition ...

  Read More »
• 13 October

  South China Sea remains volatile: Philippine official

  

  Bloomberg The situation in the South China Sea remains volatile and uncertain amid “aggressive actions” by China and as the US patrols the area to ensure freedom of navigation, the Philippines’ military chief said. The Philippines wants a code of conduct in the disputed area in place soon to prevent hostile actions as it’s “a potential flash point,” Armed Forces ...

  Read More »
• 13 October

  Thai police disperse protesters in Bangkok

  Bloomberg Thai police arrested protesters and dispersed crowds at a small demonstration in the capital, Bangkok ahead of a key anti-government demonstration on Wednesday. Live television footage from the event showed officers pulling down one of the protest leaders who was standing on top of a van and carrying him away into a police vehicle, while using megaphones to ask ...

  Read More »
• 13 October

  Trump boasts at Florida rally of feeling ‘so powerful’

  

  Bloomberg President Donald Trump returned to the campaign trail, boasting at a rally in Florida that he felt “so powerful” after his recovery from Covid-19 that he wanted to walk into the audience and “kiss everyone.” “I am so energised by your prayers and humbled by your support,” Trump said at the outdoor rally at the Orlando Sanford International Airport, ...

  Read More »
• 13 October

  UK scientists clash with PM over virus lockdown

  

  Bloomberg Boris Johnson clashed with his own government’s scientific advisers who wanted tougher action against the resurgent coronavirus outbreak in the UK in September. The British prime minister said he hoped to avoid another full national lockdown and that his plan would work if people followed the advice. Options in a SAGE document circulated on September 21 included a short ...

  Read More »
• 13 October

  US clears new test for Covid-19 by Access Bio

  Bloomberg A new 10-minute Covid-19 test that doesn’t need added equipment to process has been cleared by the US Food and Drug Administration, manufacturer Access Bio, Inc said on Tuesday. The assay, known as CareStart, is among a group of new antigen tests that detect the novel coronavirus by looking for proteins on its surface. Because antigen screening can provide ...

  Read More »
• 13 October

  Investor hopes for German economy drop amid virus

  

  Bloomberg Investor confidence in the outlook for Germany’s economy plunged, in a sign of concern that resurgent infections could hurt the recovery. A gauge by the ZEW dropped to 56.1 in October — the lowest in five months — from 77.4 in September, below even the most pessimistic estimate in a Bloomberg survey. The measure for the euro area also ...

  Read More »
• 13 October

  Ireland set to boost spending to counter dual threats of Brexit

  

  Bloomberg Ireland’s government is set to boost spending to counter the dual threats of Brexit and the pandemic, as new restrictions threaten to derail a nascent economic recovery. Finance Minister Paschal Donohoe will lay out the 2021 budget in Dublin, a week after the coalition government moved the nation to a Level 3 lockdown, meaning most restaurants and hotels are ...

  Read More »
• 13 October

  UK government split over carbon market after Brexit

  

  Bloomberg UK Chancellor Rishi Sunak’s Treasury is locked in a battle with Alok Sharma’s Business Department over how to ensure polluters pay for their emissions after Brexit. The Treasury is pushing to replace the European Union’s cap-and-trade system with an economy-wide carbon tax, which would come into effect after Britain exits the bloc in January. The Department for Business, Energy ...

  Read More »