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Latest News
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Deutsche Bank accounting head probed over EY's Wirecard audit
Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said.
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Swedes lose faith in 'herd immunity' strategy with virus rampant
Swedish confidence in the nation’s strategy to fight the coronavirus pandemic has slumped, with concerns over capacity in the health-care system now almost universal.
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11:19EU says first virus vaccinations possible by Christmas
She's appealing to the 27 EU member countries to urgently prepare logistical chains to handle the rollout of hundreds of millions of vaccine doses.
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10:24U.K. commits US$333 million to help carriers replace Huawei 5G
The U.K. will spend 250 million pounds (US$333 million) to diversify its sources of 5G wireless equipment after banning China’s Huawei Technologies Co. from supplying the next-generation technology.
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IBM planning about 10,000 job cuts in Europe ahead of unit sale
International Business Machines Corp. is planning to cut about 10,000 jobs in Europe in an attempt to lower costs at its slow-growth services unit and prepare the business for a spinoff.
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4:51Brexit talks set to resume amid last-minute saber-rattling
European Commission President Ursula von der Leyen said the coming days will be “decisive” for trade negotiations with the U.K. and crucial differences between the two sides remain.
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New Zealand proposes adding house prices to central bank remit
New Zealand’s government has proposed adding house prices to the central bank’s remit as the property market threatens to overheat amid record-low interest rates.Finance Minister Grant Robertson has written to Reserve Bank Governor Adrian Orr, asking him to consider amending the bank’s remit to include stability in house prices as a factor for monetary policy.
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6:41Trudeau joins G20 in promising COVID-19 aid to poor nations, rejecting protectionism
Prime Minister Justin Trudeau joined leaders from the world's 20 richest nations on Sunday in a promise to work together to keep trade flowing, fight climate change and provide COVID-19 vaccines to poor countries.
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1:08The world's famed shopping streets are preparing for the worst
COVID-19, protests and falling sales have crushed luxury-shopping districts. Can they bounce back and have a happy holiday?
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2:45Canada, U.K. reach trade deal in a Brexit boost for Johnson
The U.K. agreed with Canada to maintain the trading conditions it has through its European Union membership and to begin talks on a broader deal that would pave the way for even closer links with Britain’s 12th-biggest trading partner.
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11:19Oxford study confirms Astra COVID shot's response in elderly
The University of Oxford confirmed that the Covid-19 vaccine it’s developing with AstraZeneca Plc produced strong immune responses in older adults in an early study, with pivotal findings from the final phase of trials expected in the coming weeks.
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Outdoor exercise banned in one of world's toughest lockdowns
South Australia began one of the world’s toughest lockdowns Thursday with even outdoor exercise and dog-walking banned as the state tries to contain a cluster of Covid-19 infections.
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Japan cases hit record as Tokyo plans to raise virus alert
Japan’s daily COVID-19 cases rose to a record of more than 2,000, according to local media tallies, as the nation that had previously shown success in containing the virus now faces a rapid spread of the pathogen.
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4:02Asia Pacific nations sign the world's biggest trade deal
Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest free-trade agreement encompassing nearly a third of the world’s population and gross domestic product.
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6:30G20 backs new rules to deepen debt help to poor hit by virus
The world’s top economies backed a new plan for restructuring the debt of poor countries hit by the coronavirus pandemic to avert a messy wave of defaults.
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Canada widens welcome mat for Hong Kong amid crackdown
Justin Trudeau’s government is easing immigration requirements for Hong Kong residents to settle in Canada in response to China’s crackdown in the former British colony.
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6:41Fauci says COVID won't be a pandemic 'a lot longer' thanks to vaccines
The coronavirus could nonetheless remain endemic for a long time, the director of the U.S. National Institute of Allergy and Infectious Diseases said at an event organized by Chatham House, a U.K. think tank.
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8:59G20 looks to deepen debt relief drive with China's coordination
Policy makers from the world’s largest economies are set to meet Friday to iron out the details of a plan for debt relief to the poorest countries battered by the COVID-19 pandemic.
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4:09Pfizer success shows China must unveil data to win vaccine race
Western politicians have faulted China for initial delays in providing information as the coronavirus spread around the world. Now as Beijing develops a vaccine, the need for transparency is proving essential to win back trust.
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8:59
Pfizer's shot a vaccine for the rich amid deep-freeze challenge
When Pfizer Inc. and BioNTech SE’s Covid-19 vaccine rolls off production lines, Shanghai Fosun Pharmaceutical Group Co. will be waiting to distribute it through a complex and costly system of deep-freeze airport warehouses, refrigerated vehicles and inoculation points across China.
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1:41Amazon to face EU antitrust complaint over sales data
Amazon.com Inc. faces an antitrust complaint from European Union regulators, escalating an investigation into how it handles data from rival sellers on its massive online retail platform.
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Biden warns of 'dark winter' ahead with COVID, urges mask-wearing
President-elect Joe Biden warned on Monday that the U.S. was facing a “dark winter” as the coronavirus continues to spread unabated, taking a somber tone to address the country even as scientists celebrated positive news about a potential vaccine.
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4:16Couche-Tard expands into Asia with US$360M acquisition
The Montreal-based convenience store giant late Wednesday announced an agreement to buy Convenience Retail Asia Limited's convenience store business for approximately US$360 million.
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Denmark finds new COVID strain that might hamper vaccine effort
Denmark has found a new strain of COVID-19 after an outbreak in the country’s mink population led to a mutation of the virus that might hamper efforts to develop a vaccine.
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7:09Delays hit Oxford vaccine production for U.K. government supply
Kate Bingham, chair of the U.K. Vaccine Taskforce, said only 4 million doses of the Oxford-AstraZeneca shot will be available by the end of the year, far fewer than the 30 million that were due to be ready by September. AstraZeneca declined to comment.
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BP nears sale of London headquarters to Thomas Lau's firms
BP Plc is nearing a deal to sell its London headquarters to a firm controlled by Thomas Lau, brother of Hong Kong property billionaire Joseph Lau.
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Australia's RBA cuts rates, announces A$100 billion bond buying
Australia’s central bank cut interest rates and announced purchases of longer-dated bonds to complement its yield curve control program for shorter-length maturities as it seeks to drive a rapid economic recovery.
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6:23U.S. manufacturing gauge expands at fastest pace since 2018
U.S. manufacturing expanded in October at the fastest pace in more than two years, fueled by the strongest orders growth since early 2004 and a pickup in employment.
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China's race for first COVID-19 vaccine raises safety questions
Chinese companies have made a seemingly unstoppable push to the front of the race for a coronavirus vaccine. Yet their speedy ascent has been unhindered by common scientific setbacks being reported by Western rivals, raising questions about how stringently they are vetting and reporting potential safety issues.The lack of clarity over the standards and safeguards used by Chinese developers is drawing concern because some of their vaccines are being distributed in China under an emergency use pro
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WHO director-general Tedros enters quarantine, self-isolates
The director of the World Health Organization, Tedros Adhanom Ghebreyesus, said he has gone into self-quarantine after contact with someone who tested positive for Covid-19.
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New Zealand voters say no to legalizing recreational marijuana
New Zealanders have voted against legalizing the recreational use of cannabis, bucking a trend toward liberalization among some of its western peers.
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Record 200 days with no local cases makes Taiwan envy of world
While many countries around the world are hitting new highs in coronavirus cases, Taiwan has achieved a different kind of record -- 200 days without a locally transmitted case.
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6:30G20 plans extraordinary Nov. 13 meeting to discuss debt relief
Finance ministers and central bankers from the world’s largest economies plan to hold an extraordinary meeting on Nov. 13 to discuss bolder action to help poor nations struggling to repay their debts.
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Russia begins producing second COVID-19 vaccine as cases spike
Russia has begun production of a second COVID-19 vaccine that hasn’t completed trials as the Kremlin rushes to develop a shield against the pandemic.
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All-in push for vaccine in U.S. raises risk virus will linger
The U.S. strategy to rely on vaccines and treatments, rather than emphasizing social distancing, masks and testing nationwide, threatens to delay the return to normal life for Americans.
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U.S. appeals WTO ruling that Trump's China tariffs were illegal
The Trump administration on Monday appealed a World Trade Organization dispute ruling that said American tariffs on more than US$234 billion of Chinese exports violated international rules, a move that rendered the decision effectively moot.
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Fed's Beige Book shows slight to modest growth, recovery uneven
The U.S. economy continued to grow across the country as it recovered from the coronavirus pandemic but the picture was uneven, according to a new report from the Federal Reserve.
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Deceased AstraZeneca trial volunteer said not to have received vaccine
A participant who died during a trial of AstraZeneca Plc’s COVID-19 vaccine in Brazil hadn’t received the company’s shot, according to a person familiar with the matter.
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5:08EU shuts door to travel from Canada, lets Singapore in
The European Union decided to remove Canada, Tunisia and Georgia from its list of countries whose residents should be allowed to visit the bloc amid the coronavirus pandemic, according to an EU official familiar with the matter.
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Jack Ma's Ant receives China approval for IPO in Shanghai
Jack Ma’s Ant Group Co. got the green light from China’s securities watchdog for its initial public offering in Shanghai, clearing another hurdle as the Chinese fintech giant tries to complete its share sale before the U.S. election.