June, 2020

• 14 June

  Farage may relaunch Brexit party

  

  Bloomberg Nigel Farage is planning to relaunch the Brexit Party following concerns that Boris Johnson is watering down his position on exiting the European Union, the Sunday Express reported. The organisation, probably to be renamed the Reform Party, intends to field a candidate in the next available special election, the newspaper said, without giving the source of the information. Senior ...

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• 14 June

  EU leaders urge Italy to use recovery plan for reforms

  

  Bloomberg European Central Bank (ECB) President Christine Lagarde and European Commission President Ursula von der Leyen are among leaders urging Italy to take advantage of the region’s proposed 750 billion-euro ($844 billion) recovery plan to speed up structural reforms. The so-called Next Generation EU plan is a “unique opportunity for Italy,” Von der Leyen said in a video message to ...

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• 14 June

  AstraZeneca reaches vaccine supply deal with four EU nations

  Bloomberg AstraZeneca Plc and four European Union countries said they reached an agreement to distribute a coronavirus vaccine. The Netherlands, Germany, France and Italy concluded a contract with the UK drugmaker to provide 300 million to 400 million doses of a possible vaccine in stages starting from the end of 2020, the Dutch government said in a statement on Saturday. ...

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• 14 June

  Sunak tells Britons to go shopping, says 2-metre rule is being reviewed

  

  Bloomberg Chancellor of the Exchequer Rishi Sunak backed calls to ease the UK’s 2-meter social distancing rule to help the stalled economy get back to work, as he urged Britons to go shopping again. The government is conducting a “comprehensive review” of the regulation that requires people to remain 2 meters (6 feet 7 inches) apart in public to reduce ...

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• 14 June

  Germany may make property sales harder

  

  Bloomberg Germany’s construction minister, Horst Seehofer, wants to help protect tenants by making it more difficult to convert rental apartments into condominiums, Frankfurter Allgemeine Zeitung reported. Seehofer is proposing to introduce a threshold of at least two-thirds of the flats in an apartment building having to be sold to tenants or their family members for any conversion plan to gain ...

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• 14 June

  Fiat Chrysler wins case against Mahindra

  Bloomberg Fiat Chrysler Automobiles NV won its bid for an order to block US imports of Mahindra & Mahindra Ltd.’s Roxor off-road vehicle that it said copies the look of the iconic Jeep Wrangler, the International Trade Commission said in a notice posted on the agency’s website. The commission upheld, with modifications, a judge’s finding that Mahindra’s off-road vehicle is ...

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• 14 June

  Covid-19: England is getting ready to open doors

  

  Bloomberg Stores on Oxford Street, London’s most famous shopping thoroughfare, will open Monday for the first time since March. The question is how many customers will show up. After locking down to slow the spread of the coronavirus, retailers in the capital and across England are desperate to get back to business. They’re rushing to install sneeze screens, “sanitation stations,” ...

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• 14 June

  Stock pickers are failing to beat whiplashed pandemic market

  

  Bloomberg Stock pickers are getting schooled on just how hard it is to outsmart the coronavirus pandemic-driven market. After the S&P 500’s biggest plunge since the March madness, expectations are rising that shares will move in lockstep again, a headwind for stock pickers looking to divine winners and losers. Add the fact that fewer companies are leading market gains this ...

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• 14 June

  There’s still room for gains in emerging stocks, says Goldman

  

  Bloomberg The recent rebound in emerging-market stocks isn’t over yet as investors move to assets that benefit from an improved outlook for the global economic recovery, according to Goldman Sachs Group Inc. “We’re quite positive on EM stocks on a tactical basis,” said Caesar Maasry, a New York-based emerging-market strategist at the firm. “There has been an increasing preference for ...

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• 14 June

  Mohamed, French president discuss strategic partnership

  

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has reviewed ways of further developing the strategic partnership between UAE and France over a phone call with French President Emmanuel Macron. The two leaders discussed the latest developments in the region, with a ...

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