Bloomberg Anti-government activists in Senegal announced three days of nationwide protests from Monday as death toll in most violent demonstrations in years rise to five, triggered by the arrest of the country’s main opposition leader. The opposition called on Senegalese people “to pursue its mobilisation and peaceful struggle by using all of its constitutional rights to reject dictatorship of Macky ...
Read More »Paraguay president upends cabinet amid protests
Bloomberg Paraguay’s President Mario Abdo Benitez said he will name new cabinet ministers amid unrest over his government’s handling of the pandemic that has left at least one person dead. In an address to the nation, Abdo Benitez said he would name a new cabinet chief as well as new health and education ministers in the coming hours “for the ...
Read More »Senate passes $1.9tn relief bill after marathon votes
Bloomberg President Joe Biden’s signature $1.9 trillion Covid-19 relief bill passed the Senate 50-49 following a more than 25-hour marathon of amendment votes completed after Democrats settled an intra-party dispute over unemployment aid. The measure, the American Rescue Plan Act, now heads back to the House, where Majority Leader Steny Hoyer said a vote will be held on Tuesday. Although ...
Read More »German joblessness up as lockdown persists
Bloomberg German joblessness unexpectedly rises for the first time in eight months, adding to strains Europe’s largest economy is facing due to the protracted coronavirus lockdowns. The rise of 9,000 put the total number of unemployed people at 2.75 million and the rate at 6%, according to the Federal Labour Agency. Economists surveyed by Bloomberg had expected a drop of ...
Read More »Aston Martin to make electric vehicles in UK
Bloomberg Aston Martin Lagonda Global Holdings Plc will build its new electric cars in the UK from 2025, the company’s biggest shareholder told the Financial Times in an interview. Chairman Lawrence Stroll said its battery sports car and sport utility vehicle would be produced at plants in England and Wales respectively, according to the newspaper. The Canadian billionaire led a ...
Read More »Italy to recruit consulting firm McKinsey for EU recovery funds
Bloomberg A decision by the government of Italian Prime Minister Mario Draghi to recruit consulting firm McKinsey & Co. for help with the European Union’s recovery package has prompted disquiet within his coalition. The company will advise the finance ministry and help to accelerate the drafting of Italy’s plan to spend its 209 billion-euro ($250 billion) share of the EU ...
Read More »German drugmaker weighs $10b IPO
Bloomberg Cheplapharm Arzneimittel GmbH, the German drugmaker, is weighing plans for an initial public offering in what could be one of Europe’s largest share sales of 2021. Greifswald-based Cheplapharm is speaking with advisers about a potential listing as soon as this year, the people said, asking not to be identified discussing confidential information. A share sale could value the business ...
Read More »Canada set to build national carbon trading marketplace
Bloomberg Canada is a step closer to building a nationwide marketplace to trade carbon credits as part of the Trudeau government’s bid to curb greenhouse gas emissions in the country. The federal government released draft regulations that will create a domestic market for trading carbon credits. The move will allow companies in industries such as agriculture and forestry to voluntarily ...
Read More »Europe’s vaccine missteps alarm global stock investors
Bloomberg Europe’s vaccine blunders are alarming some of the world’s top investors, who see economic growth imperiled by a slow pace of business re-openings. While the region’s stocks are riding the global rally and faring well against the selloff in US big tech, prolonged lockdowns threaten the economic recovery. Investors are taking notice. European equity funds have recorded three weeks ...
Read More »Saudi stocks lead Gulf gains on surging oil bets
Bloomberg Saudi stocks climb the most in the Gulf, tracking a surge in oil prices after Opec+ shocked the markets with a decision to keep supply in check. Aramco advanced the most in five months. The Tadawul All Share Index rises as much as 1.4%, extending gains this year to 7.9%. Saudi Basic Industries, Saudi Aramco and Al Rajhi Bank ...
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