Friday, October 9, 2020

Stimulus talks set to dominate Wall St. sentiment again in week ahead [PREVIEW]

Days after declaring stimulus negotiations with Democrats dead,
President Trump on Friday proposed a 1.8 trillion dollar coronavirus
aid package.

Heading into the new trading week investors will be watching closely
to see how these talks develop.

William Denselow reports from New York.

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WFP's Nobel win comes as pandemic deepens global hunger

Congratulations poured in for the World Food Programme's Nobel Peace Prize win, for its role in fighting global hunger and reaching vulnerable populations in conflicts.


But the win comes as the Covid-19 pandemic rages on, deepening the global hunger crisis. 


Liling Tan reports. 


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COVID CASES "RAPIDLY" INCREASE IN ENGLAND

The number of new COVID-19 cases in England has "increased rapidly", according to latest estimates from the Office for National Statistics.


The UK has announced another 13,864 coronavirus cases in the latest daily update.


Holly Hudson has more. 


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UK EMPLOYEES TO RECEIVE TWO-THIRDS PAY IF EMPLOYER FORCED TO CLOSED

UK employees will be paid two-thirds of their wages by the government — if their place of employment is forced to shut because of coronavirus restrictions.

The Chancellor, Rishi Sunak, says the scheme will run for six months from November -- protecting jobs and allowing businesses to reopen swiftly once any local restrictions are lifted.

Stuart Smith has more from London.

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U.S. slaps aluminum sheet tariffs on 18 nations

The United States has slapped tariffs on nearly two billion dollars
worth of aluminum sheet from 18 countries.

The Trump administration made the move after determining that the
product is being dumped in the U.S.

U.S. correspondent William Denselow reports.

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Nobel peace prize awarded to the World Food Programme

The World Food Programme has won this year's Nobel peace price, for its efforts to combat hunger and improving conditions for peace in conflict areas. 

Lucy Hough has more details. 

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Belgium telcos ditch Huawei as pressure mounts

The walls are slowly closing in on Huawei's European dreams. Belgium's two top telcos say they are not only dropping Huawei from their 5G rollouts - but also ripping out the Chinese company's technology from their 2, 3 and 4G networks. It's the latest move to sideline the Chinese telecoms equipment maker as pressure mounts was Washington. Toni Waterman has more.

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Nigeria faces a second recession in 4 years



Nigeria's President Muhammadu Buhari says the country's economy may relapse into a second recession in four years with significant negative consequences.

Correspondent Phil Ihaza reports from Abuja.

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DRC REBEL ATTACK VILLAGE IN BENI

LEAD

At least 5 people have been killed and several others taken hostage by suspected rebels of the Allied Democratic Forces in the east of the Democratic Republic of Congo.
Local authorities say the rebels raided a village in the territory of Beni on Thursday, torched houses and shot at civilians. Chris Ocamringa has more in this report.
 

 

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Germany sees resurgence of Covid-19 as Berlin braces for curfew

Germany has registered more than 4000 new coronavirus cases for the second day in a row. The new figures come as two of the country's biggest cities have been declared Covid-19 hotspots, with health authorities warning the situation could soon "spiral out of control"

Trent Murray reports from Berlin.

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India crosses 6.9 million COVID 19 cases

India added over 78,000 fresh COVID-19 cases in the last 24 hours, taking the country's total caseload to over 6.9 million.

India recorded 964 deaths in the past day, pushing the death toll above 106,000 fatalities.

Sreoshi Mukherjee has more...

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Russia registers record daily COVID-19 cases

Russia has recorded 12,126 new COVID-19 cases in the 24 hours, its highest daily figure since the start of the pandemic. But as the virus spreads across the country, officials are resisting repeating the tough measures introduced in the Spring. Julia Chapman reports from Moscow.

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Azerbaijani and Armenian diplomats to attend talks in Moscow

The Russian Foreign Ministry says representatives from Armenia and Azerbaijan have confirmed their attendance in consultations in Moscow on Friday. The two countries are engaged in fierce fighting over the disputed territory of Nagorno-Karabakh. Julia Chapman has more.

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UK ECONOMY GROWS, BUT SLOWER THAN EXPECTED

The UK economy grew 2.1% in August according to the latest figures.

That's weaker growth than expected, and a significant slowing compared to June and July.

It comes as the UK government considers tightening restrictions on swathes of the country with confirmed coronavirus cases increasing rapidly.

It could see pubs and restaurants closed in some areas.

Business minister Nadhim Zahawi says it's a difficult decision.

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Last French hostage is released in Mali

The last known French hostage has been released in Mali.

Sophie Petronin will arrive back in France on Friday after being held for nearly four years in the West African country by an armed group with ties to al-Qaeda.

Ross Cullen has more from Paris.
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Australia – Pressure over border re-openings continues

The Premiers of the Australian States of Queensland and New South Wales continue to snipe at each other over border re-openings.

Shaun Bindley reports

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S. Korean man receives six-month sentence for lying during coronavirus tracking

A South Korean court has sentenced a man to six months in jail for lying to health authorities about his job and whereabouts during a coronavirus tracking probe.

Bruce Harrison reports from Seoul.

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Controversy mounts over de-registration of Hong Kong teacher

Hong Kong's Education Bureau is facing increased public criticism of its decision to deregister a teacher accused of spreading pro-independence messages in class.

Meanwhile Chinese state media is praising the move, and says the city's education sector is "seriously ill". 

Richard Kimber reports.


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Thursday, October 8, 2020

Pelosi to announce legislation on "Presidential Capacity" Commission

House Speaker Nancy Pelosi is to announce legislation to set up "a commission on presidential capacity."

It comes as President Trump continues to recover from the coronavirus at the White House.

Jagruti Dave reports from Washington.

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U.S. markets rise despite stimulus uncertainty

The major U.S. indexes closed the day in positive territory with
stimulus talks again dominating investor sentiment.

President Trump has signaled support for a raft of coronavirus
spending packages while rejecting the Democrats 2.2 trillion dollar
proposal.

William Denselow reports from New York.

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