09 December

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Ethiopia’s war risks leaving manufacturing dreams in tatters

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By Ruma Paul, Anna Ringstrom and Joe Bavier ADDIS ABABA (Reuters) - When Bangladeshi textile firm DBL set up shop in Ethiopia two years ago, the African nation was the garment industry's bright new frontier, boasting abundant cheap labour and a government keen to woo companies with tax breaks and cheap loans. Last month, as fighting raged in the northern Tigray region,...

09 December

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Amazon eyes potential $100 million investment in India’s Apollo Pharmacy – ET

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BENGALURU (Reuters) - Amazon.com Inc (NASDAQ:AMZN) is considering a nearly $100 million investment in India's pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country's fast-growing drug market, the Economic Times reported on Wednesday, citing two people aware of the plans. (https:// Amazon already delivers medicines in India and the potential investment would come amid rising...

09 December

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Asian markets look to rise on vaccine, stimulus hopes

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By Pete Schroeder (Reuters) - Asian markets were set to rise Wednesday as investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus. Australian S&P/ASX 200 futures were up 0.57% in early trading, while Japan's Nikkei 225 were down 0.02%. Hong Kong's Hang Seng index futures were up 0.42%. On Wall Street, stocks notched new record levels...

09 December

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From Churchill’s despatch box to a star’s Fendi: a handbag show opens in London

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(Reuters) - From the humblest pouch to Birkin bags to Louis Vuitton luggage, a new exhibition in London will explore the function, design and craftsmanship of the accessory that carries our stuff, but can mean so much more. 'Bags: Inside Out' at the Victoria & Albert Museum in London features 300 bags, including...

09 December

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Mnuchin Pitches New $916 Billion Stimulus Package to Pelosi

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(Bloomberg) -- Treasury Secretary Steven Mnuchin said he presented a new $916 billion Covid-19 relief proposal to House Speaker Nancy Pelosi, in the first move by the Trump administration since Election Day to break a months-long standoff. Mnuchin said in a tweeted statement that he had conferred with Republican congressional leaders on the plan, as well as President Donald Trump. He said that...

09 December

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UK’s chief science advisor says masks may be needed for another year – The Telegraph

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(Reuters) - People in the United Kingdom may have to wear face masks for another year despite the country's national vaccination programme getting under way, The Telegraph reported, citing chief scientific adviser Patrick Vallance. Restrictions may remain in place long after a full rollout of a vaccine, Vallance suggested, according to the report. ...

09 December

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Japan to sell record new debt exceeding $960 billion as pandemic hits tax revenues – Nikkei

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TOKYO (Reuters) - Japan is likely to sell a record amount of new government bonds exceeding $960 billion in the current fiscal year due to plunging tax revenues, the Nikkei newspaper said on Wednesday, underscoring the heavy toll the coronavirus pandemic took on the economy. The huge debt will add strains to Japan's already tattered finances and could constrain its ability to...

09 December

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Most Japan firms say govt unlikely to meet carbon neutrality goal by 2050 – Reuters poll

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By Tetsushi Kajimoto TOKYO (Reuters) - Japan is unlikely to meet its goal of eliminating greenhouse gases by 2050, a majority of firms in the country said in a Reuters poll, underscoring the challenges Prime Minister Yoshihide Suga faces as he strives for a greener society. Suga has made the goal a top government priority for the world's fifth-biggest emitter of carbon...

09 December

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Wall Street Opens Lower as Today’s Lockdowns Overshadow Tomorrow’s Cures

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By Geoffrey Smith Investing.com -- U.S. stock markets opened modestly lower on Tuesday, paring premarket losses after the Food and Drug Administration indicated it was ready to approve the Pfizer/BioNTech vaccine for emergency use later this week. Prior to the release of the FDA's analysis of data from the two companies' stage three trial of their Covid-19 vaccine, markets had been indicated down...

09 December

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GameStop Revenue Misses in Q3 on Video Game Delays, Lower Store; Shares Slump

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By Yasin Ebrahim Investing.com - Video game retailer GameStop reported narrower-than-expected losses in the third quarter, but revenue fell short of estimates amid delayed game releases and lower store sales. GameStop (NYSE:GME) fell 10% in after-market trading. The company reported a third quarter non-GAAP loss of $0.29, compared with consensus estimates for a loss of $0.84 a share. Revenue fell 31%, to $1...

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News

Ethiopia’s war risks leaving manufacturing dreams in tatters

Amazon eyes potential $100 million investment in India’s Apollo Pharmacy – ET

Asian markets look to rise on vaccine, stimulus hopes

From Churchill’s despatch box to a star’s Fendi: a handbag show opens in London

Mnuchin Pitches New $916 Billion Stimulus Package to Pelosi

UK’s chief science advisor says masks may be needed for another year – The Telegraph

Japan to sell record new debt exceeding $960 billion as pandemic hits tax revenues – Nikkei

Most Japan firms say govt unlikely to meet carbon neutrality goal by 2050 – Reuters poll

Wall Street Opens Lower as Today’s Lockdowns Overshadow Tomorrow’s Cures

GameStop Revenue Misses in Q3 on Video Game Delays, Lower Store; Shares Slump

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