The UK will become the first Western country to approve the new coronavirus pneumonia vaccine, and independent regulatory agencies will approve it within a few days. According to insiders in the British government, the vaccine developed by BioNTech and Pfizer will begin delivery within hours of approval.
Getting in one last bit of work before the long weekend, the US Census Bureau released its Monthly Advance Economic Indicators Report for October on the day before Thanksgiving. Advance wholesale inventories were up for the month of October, by 0.9%. The August to September percentage change was revised from up, 0.4% to up 0.7%.
The escalation of the Nagorno-Karabakh conflict, and the subsequent ceasefire, has been on the forefront of the news around the globe. Earlier this month, the ceasefire agreement was signed by Russia, Armenia, and Azerbaijan. History tends to repeat itself, but the future of Armenia can be problematic.
Western Union, the world’s largest money transfer company, spent $200 million to acquire a 15% stake in the digital payment division of STC Group. Saudi Arabia’s largest telecommunications operator said in a statement on Saturday that the acquisition will provide the company with funds and support its long-term expansion plans.
This weekend Russian Ministry of the Foreign Affairs announced the new sanctions against 25 British nationals. The 25 individuals will also be banned from travel to Russia. According to the Russian Foreign Ministry “the UK was guided by far-fetched and absurd pretexts when imposing sanctions against the Russians.”
The UK has reached a trade agreement with Canada that will extend the terms of the existing agreement between the EU and Canada when the Brexit transition period ends on January 1 next year. British Prime Minister Johnson and Canadian Prime Minister Trudeau reached this agreement in principle via video calls on Saturday.
According to people familiar with the negotiations, the UK and the EU are expected to reach a trade agreement in the next few days. After an EU negotiator contracted the new coronavirus, the two sides suddenly suspended their in-person talks this week, but officials on both sides expressed optimism.
The European commission president, Ursula von der Leyen, offered fresh cause for optimism during a press conference. “After difficult weeks with very, very slow progress now we have seen in the last days better progress, more movement on important files. This is good,” she said.
People familiar with the matter who did not want to be named because the content of the talks was not made public said that an agreement may be reached before next weekend, or more likely in the week of November 30.
People familiar with the matter warned that to do this, the British government and the European Union still need to make major political decisions and that more concessions from the UK are needed. Otherwise, the negotiations may break down.
Ursula von der Leyen continued: “Within the frame of the level playing field, progress, for example, has been made on the question of state aid, but there are still quite some meters to the finish line so there’s still a lot of work to do. Where the timelines are concerned, time pressure is high without any question at the moment.”
“There’s a lot to work on because there is now substance where you can go through line by line, word for word. The whole team is engaged and working tirelessly day and night to reach the natural deadline we have to be done by the end of the year,” said Ursula von der Leyen.
British Prime Minister Boris Johnson and Barnier, the chief negotiator of the European Union, had to isolate themselves after contacting patients with the new coronavirus, making the drafting of the agreement more complicated.
Johnson will end the quarantine next Thursday. The EU is urging him to make a final decision and make the necessary concessions to reach an agreement. So far, the UK has refused to accept the EU’s requirements on a level playing field for enterprises and a mechanism for implementing agreements.
A UK official said: “Although there has been some progress in recent days, there is much work to be done and time is now very short. We now need to see more realism from the EU on what it means for the UK to be an independent state.”
Officials said that, including the participation of high-level officials, many factors in the coming days will determine when and whether an agreement will be reached, adding to the last-minute complexity. Barnier may be isolated until November 26, and then may go to London for the final round of talks.
One EU diplomat said: “There is tangible progress on a number of areas while gaps are only slowly shrinking on core issues like a level playing field, governance, and fisheries. Growing concern that the negotiation process does not proceed quickly enough to ensure the ratification of a possible agreement until the end-of-the-year deadline.”
“Hope is nevertheless that negotiations can be finalized quickly if and once the necessary political decisions are taken in London. At the same time, EU member states are in agreement that contingency planning needs to be ramped up in parallel to the ongoing and hopefully successful EU-UK negotiation process. Still, the EU needs to be prepared for every possible outcome.”
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The European Union warned that the UK has not taken enough action to overcome the three major obstacles facing a post-Brexit trade agreement. The leaders of Belgium, France, and the Netherlands urged greater efforts to prepare contingency plans in case an agreement is not reached.
Late last month, sports equipment company Under Armour announced it was cutting ties with some 2,000 retailers over the next two years. In doing so, Under Armour would focus on building up its direct-to-consumer business. Promo Marketing reported a more than 50% growth in Under Armour’s e-commerce business during the third quarter, with a 17% increase in direct-to-consumer sales.
The leaders of France and Belgium urged the EU to intensify its efforts to prepare for a no-deal Brexit by the end of the year, in case negotiations with the UK fail to achieve a breakthrough at the last minute. That’s according to two people familiar with the relevant discussions at the EU leaders video summit on Thursday.
The Five Eyes alliance, comprising of the US, UK, Canada, New Zealand, and Australia, issued a joint statement on Wednesday, in which they expressed their “grave concern” over the autocratic actions of China against Hong Kong. The statement was issued through their respective foreign ministers.
After the Hong Kong government canceled the qualifications of four pro-democracy legislators last week, the Foreign Ministers of the “Five Eyes Alliance” issued a statement on Wednesday, expressing concerns about China’s practices. They called on the Chinese government to stop destroying the rights and freedoms of Hong Kong people.
The European Central Bank stated that banks should not use the new coronavirus epidemic as an excuse to delay the transfer of employees to the European Union when they promote their Brexit plans. The ECB stated that future actions need to be planned with the new coronavirus epidemic as the basic assumption and try to avoid delays.
On Sunday, the Regional Comprehensive Economic Partnership (RCEP) was officially signed during the Association of Southeast Asian Nations (ASEAN) meeting. After eight years of negotiations, the free trade zone with the largest population, the most diverse membership structure, and the greatest development potential in the world was born.
New research from Barclays suggests that the average length of British supply chains has doubled since the pandemic hit, and retailers and wholesalers in the country do not expect them to return to normal until at least March 2021. The report, “Chain reaction: Retail and wholesale supply chains adapt to a climate of change,” was picked up by the Scottish Business Insider.
The heir to the British throne, Prince Charles, and his wife, Camilla, traveled to Berlin on Sunday, November 15, to mark the annual ‘National Day of Mourning’ in Germany to pay tribute to the victims of war, terrorism and extremism. In a speech in German, Prince Charles emphasized the continuation of his country’s friendly relations with Germany.
Carillion and several of its former managers today earned a fierce slap from the Financial Conduct Authority (FCA) Friday, which accused the defunct construction giant of supplying “fake or misleading” stock market details. Two years earlier, the building giant collapsed under the weight of £1.5 billion in debts.
Retailer WH Smith is set to close 25 high street stores, affecting nearly 200 jobs. The coronavirus pandemic pushed the company £280 million in debt. Over the year, WH Smith’s main business in the UK was heavily influenced by reduced passenger figures at its travel locations.
In October, the number of property hunters who wished to purchase a new home in London was positive for five consecutive months, but fell from 23% to 11% of the net balance. There was also a five-month sequential rise in the amount of new properties on offer, which is the longest consecutive development rate since 2014.
Top European leaders on Tuesday engaged US president-Elect Joe Biden via phone calls to congratulate him on his electoral victory and wish him well. Among them were British Prime Minister Boris Johnson, President Emmanuel Macron of France, and German Chancellor Angela Merkel.
The World Health Organization (WHO) resumed its meetings beginning from November 9 to 14. The United States once again criticized the World Health Organization for not being transparent enough. After the new coronavirus broke out in China at the beginning of the year, it spread to all parts of the world.
On Tuesday, British Foreign Secretary Dominic Raab said that the decision to expel the staff of the Belarusian embassy would be a “clear message” to the authorities of this country, led by President Alexander Lukashenko, that their unfair decision will have consequences.
Israeli Prime Minister Benjamin Netanyahu discussed COVID-19 vaccines and other ways of ending the pandemic at a video conference with world leaders. The video conference was hosted by the Chancellor of Austria, Sebastian Kurz, with the participation of the Prime Ministers of Austria, Norway, Denmark, Greece and the Czech Republic.
The European stock market jumped to an eight-month high today after Pfizer and Biontech announced strong progress in their vaccine against COVID-19. Meanwhile, Democratic presidential candidate Joe Biden’s victory in the US presidential election raised hopes for a more stable trade policy for the United States.
Necessity is often the mother of investment. The Great Lockdown, itself made necessary by the coronavirus pandemic, has caused the disruption of many sectors of the economy, a tidal wave of business closings, and even the collapse of entire industries. However, as is often the case in economic downturns, it’s not all bad news.
Following the Democratic Party presidential candidate, Joe Biden’s resounding victory in the US presidential elections, a section of world leaders have already sent in their messages of goodwill while wishing him well as he assumes the reins of power of the world’s superpower.
Scotland became the first country in the United Kingdom to enact legislation prohibiting the physical punishment of children under the age of 16. In Scotland, a law has come into force against spanking children, according to the online edition Express and Star on Saturday, November 7.
Sources from Moscow have revealed that Vladimir Putin is a sick man, and that he is considering resignation. The Kremlin has, however, dismissed the report in a quick rejoinder, calling it nonsense. The news began circulating in the early hours of Friday to the effect that the Russian president is suffering from Parkinson’s Disease.
The Bank of England maintained interest rates as scheduled, but exceeded expectations to expand the scale of bond purchases. The pound jumped nearly 50 points against the US dollar in the short term. On Thursday, the Bank of England maintained the 0.1% central bank benchmark interest rate unchanged as scheduled.
‘Stab’ – even the word is short, sharp and violent. It is one of those words in English that sounds exactly like what it’s trying to convey. Unfortunately, it’s also a word that British people are encountering more and more in our daily lives. According to the UK Government, knife crime is entering its highest point in almost a decade. Some 47,000 knife (or knife-like object) related offences were recorded for the year ending March 2019 alone.
Seven members of the pro-democracy opposition in Hong Kong were arrested today for being involved in the clashes in May in the parliament of the Chinese special administrative region, the police announced. “All arrestees are being detained for further inquires. The operation is under way and further arrests may be made,” the police said.
On Wednesday, the U.S. Census Bureau released a preliminary report on data pertaining to wholesale inventory for the month of September. Wholesale inventory in the United States was shown to have decreased by 0.1% in September. This is compared to a 0.3% increase in August, which itself was revised from 0.4%.
The Russian state media has been dumping information over the weekend pertaining the US authorities plan to use a blood-sucking weapon-an army of mosquitoes for biological warfare. Russia is using social media and a number of websites to spread disinformation to cause fear and trouble in the US.
The pound hit its biggest gain since the market turmoil in March on Wednesday, and the market is betting that a Brexit deal may be reached next month. The pound rose 1.7% to $1.3171 against the US dollar, the highest level in more than six weeks, after Bloomberg reported that trade negotiations between the UK and the EU may resume.
As per a directive from British Prime Minister Boris Johnson, effective this weekend, northern England will enter a “very high” level of alertness in a bid to battle the second wave of coronavirus. In addition to the closure of bars, the Prime Minister has also prohibited social gatherings in Manchester.
On Friday (October 16), most of the US dollar fell against G-10 currencies. Previously released data showed that US retail sales grew faster than expected, and consumer confidence rose slightly in early October. The pound is stable as traders still have hope for the prospect of a trade agreement between the UK and the EU, and the two sides will continue negotiations next week. SEK and CAD led G-10 currencies.
The US Commodity Futures Trading Commission (CFTC) on Friday released a report, as of October 7 to October 13 the week: AUD see more willingness to cool; to see more gold willingness to cool down, gold speculative net longs decreased by 7,916 contracts to 240,671 contracts, indicating that investors’ willingness to be bullish in gold has cooled.
The Brexit process between the United Kingdom and the European Union has taken four and a half years. The two sides are still engaged in a tug of war. Now, British Prime Minister Boris Johnson seems to be desperate to leave the European Union as soon as possible, but still leaves a crack in the door for a retreat.
British Foreign Secretary Dominic Raab said that a trade agreement between Britain and Europe after Brexit is still possible, but the European Union needs to show greater flexibility. According to current news, both the UK and the EU expressed their desire to continue negotiations.
According to the World Health Organization (WHO), there are currently more than 7.2 million cases of new coronavirus across Europe, and the number of hospitalizations is increasing at an alarming rate. European stock markets fell across the board.There were more than 30,000 new confirmed cases in France in a single day on Thursday.
On Friday, international gold prices fell and are expected to close again after a lapse of two weeks. Investors expect that the United States is unlikely to introduce new fiscal stimulus measures before the presidential election, and the number of confirmed cases of the new coronavirus in Europe has surged.
Earlier this week, Reuters reported that Japanese wholesale prices fell by 0.8% in September, marking the seventh consecutive month of year-on-year declines. Prices also declined by 0.2% as compared to August, the first on-month decline in Japan in four months. Their data was courtesy of the Bank of Japan (BOJ).
Can you still remember the last time you surprised your sweetheart with a gift? (Oh, don’t tell us you can’t.)
Everyone has their own way of expressing love. While some gestures are shown in the form of words and actions, others are articulated by meaningful materials wrapped in a nice box. It does not matter if it’s simple or extravagant as long as it comes from the heart. After all, gift-giving means you are willing to share something without expecting anything in return.
After the poison attack on Kremlin critic Alexei Navalny, the European Union is launching new sanctions on Russia. The foreign ministers of the EU countries agreed on Monday at a meeting in Luxembourg to begin the necessary preparations. In addition to travel restrictions for certain people, these could also include economic sanctions, for example.