'International' category archive. Published November 17, 2020 4:45 am (Mexico City time).

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Vodafone towers unit expects higher core earnings ahead of listing.

Vodafone's European towers unit, which is currently gearing up for a stock market listing, on Tuesday said it expects pro forma adjusted core earnings of up to 540 million euros (484.6 million pounds) in its 2021 financial year.

Published by Reuters at November 17, 2020 4:20 am.

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Exclusive: OPEC+ panel sees weaker oil demand in 2021 - document.

OPEC and its allies have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated, a confidential document seen by Reuters shows, supporting the case for a tighter supply policy next year.

Published by Reuters at November 17, 2020 4:10 am.

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Nobel body urges peace in Ethiopia where laureate engaged in conflict.

The committee that awarded the Nobel Peace Prize to Ethiopian Prime Minister Abiy Ahmed said on Tuesday it was deeply concerned about the conflict in Tigray region and called on all parties to end violence.

Published by Reuters at November 17, 2020 4:00 am.

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Danish government finds backing for mink cull law.

Denmark's minority government has agreed with supporting parties to create the legal basis for an order to cull all of the farmed mink in the country given earlier this month to prevent the spread of a new strain of coronavirus.

Published by Reuters at November 17, 2020 3:50 am.

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Life and livelihoods go together in fighting COVID-19, says WHO.

The World Health Organization (WHO) said on Monday the challenge of the coronavirus was not a choice between life and livelihoods, but that they were both part of the same fight.

Published by Reuters at November 17, 2020 3:40 am.

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UK minister says Scotland deluding itself if it hopes for a referendum right now.

British Housing Secretary Robert Jenrick said Scottish nationalists were deluding themselves if they hoped for a another independence referendum right now in the middle of a health crisis.

Published by Reuters at November 17, 2020 3:30 am.

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IAG to cut Air Europa price tag to 300-400 million euros: El Confidencial.

International Consolidated Airlines Group has managed to cut the purchase price for Spanish carrier Air Europa to 300-400 million euros ($355-$474 million), news website El Confidencial reported on Tuesday citing unidentified sources.

Published by Reuters at November 17, 2020 3:20 am.

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Tricking the taste buds: flavour makers rise to meaty challenge.

At flavour maker Givaudan's innovation centre near Zurich, veteran chef Sam Brunschweiler serves up a lamb shawarma dish that looks and tastes appropriately meaty but is made from pea protein.

Published by Reuters at November 17, 2020 3:15 am.

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Analysis: Japan's yen doubles up as high yielder and safe haven.

Having burnished its traditional image as a global safe haven during the coronavirus pandemic, Japan's yen is attracting fresh interest as the highest yielder among the three major currencies.

Published by Reuters at November 17, 2020 3:10 am.

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UK orders 5 million doses of Moderna vaccine, eyes spring arrival.

Britain has secured 5 million doses of an experimental COVID-19 vaccine developed by Moderna Inc after it reported positive trial results, health minister Matt Hancock said on Monday, with the earliest doses expected for delivery in spring.

Published by Reuters at November 17, 2020 3:10 am.

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Three detained in Germany over $1 billion Green Vault jewel heist.

Police raided apartments across Berlin early on Tuesday and detained three people suspected of involvement in a jewel heist at a museum housing one of Europe's greatest collections of treasures, officers said.

Published by Reuters at November 17, 2020 3:05 am.

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Poland expects concessions after it vetoed EU budget.

Poland expects Brussels to offer it new proposals to find a way out of stalemate after the country joined Hungary in vetoing the European Union's 1.8 trillion euro budget, a government spokesman said on Tuesday.

Published by Reuters at November 17, 2020 3:00 am.

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Truckmaker Scania to invest in battery assembly plant.

Swedish truckmaker Scania plans to invest more than 1 billion Swedish crowns ($116 million) over several years in a battery assembly plant in Sodertalje, near Stockholm, it said in a statement on Tuesday.

Published by Reuters at November 17, 2020 2:50 am.

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'This is not the time for vetoes': Germany's Europe minister on Hungary, Poland.

European Union member states should live up to their responsibility and make sure that an emergency aid package designed to help countries tackle the COVID-19 pandemic can be paid out quickly, Germany's European affairs minister said on Tuesday.

Published by Reuters at November 17, 2020 2:40 am.

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European shares slip after vaccine-driven rally.

European stocks eased from eight-month highs on Tuesday as tighter coronavirus restrictions across the continent halted a market rally that was powered by encouraging COVID-19 vaccine updates.

Published by Reuters at November 17, 2020 2:35 am.

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'Looks amazing': SpaceX 'Resilience' capsule reaches International Space Station after 27-hour journey.

This is the second astronaut mission for SpaceX. But it’s the first time Elon Musk’s company delivered a crew for a full half-year station stay.

Published by USA TODAY at November 17, 2020 2:06 am.

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Imperial Brands full-year revenue up slightly.

Tobacco company Imperial Brands reported higher full-year sales on Tuesday, as demand for tobacco offset a drop in its e-cigarette business.

Published by Reuters at November 17, 2020 1:50 am.

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Factbox: Latest on worldwide spread of the coronavirus.

Drugmaker Pfizer said it was starting a pilot program in the United States for COVID-19 immunization, as more states and local jurisdictions re-imposed tough restrictions to tamp down a coronavirus surge.

Published by Reuters at November 17, 2020 1:45 am.

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Germany's confirmed coronavirus cases rise by 14,419 to 815,746: RKI.

The number of confirmed coronavirus cases in Germany increased by 14,419 to 815,746, data from the Robert Koch Institute (RKI) for infectious diseases showed on Tuesday.

Published by Reuters at November 17, 2020 1:40 am.

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Equinor sees oil demand peaking two-three years sooner due to virus.

Oil firm Equinor expects global oil demand to peak by around 2027-2028, two-free years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Tuesday.

Published by Reuters at November 17, 2020 1:35 am.

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Fortescue, Origin assess green ammonia, hydrogen plants in Australia's Tasmania.

Fortescue Metals Group and Origin Energy Ltd announced on Tuesday separate plans to assess building ammonia export plants in the Australian island state of Tasmania, as both seek to tap opportunities in renewable energy.

Published by Reuters at November 17, 2020 1:30 am.

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Australian media trial over Pell conviction adjourned; judge considers dismissing charges.

An Australian judge on Tuesday adjourned a trial of Australian journalists and media to consider whether to dismiss charges they breached a court suppression order on reporting of ex-Vatican treasurer George Pell's 2018 child sex abuse conviction.

Published by Reuters at November 17, 2020 1:10 am.

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'In the hands of God:' Central America bears brunt of powerful hurricane Iota.

Hurricane Iota sent zinc roofing flying into the streets, toppled electricity poles and flayed palm trees as its core approached a remote Central American coast on Tuesday, the second giant storm to tear at the area this month.

Published by Reuters at November 17, 2020 1:05 am.

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Analysis: Despite vaccine progress, investors eye Fed support as coronavirus surges.

Investors are weighing the chances the Federal Reserve will increase its purchases of U.S. government debt in coming weeks to counteract the economic fallout of a COVID-19 resurgence, an intervention that could reverse a recent rise in Treasury yields to multi-month highs.

Published by Reuters at November 17, 2020 1:00 am.

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Aramco markets five-tranche bonds, seeking cash amid cheap oil.

Saudi Aramco <2222.SE> began marketing a five-tranche U.S. dollar-denominated bond sale on Tuesday, as the world's largest oil producer seeks cash after low oil prices dented its finances.

Published by Reuters at November 17, 2020 12:50 am.

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Coronavirus cases in India drop to lowest since mid-July.

Daily coronavirus infections in India fell to their lowest since mid-July, with 29,163 new cases reported for the last 24 hours, taking the total to 8.87 million, the health ministry said on Tuesday.

Published by Reuters at November 17, 2020 12:30 am.

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An honour to have Ronaldo break my record, says Iran's Daei.

Former Iran striker Ali Daei has said he would be honoured to see Cristiano Ronaldo break his record for the most goals in international soccer as the Portugal forward moves closer to his tally of 109.

Published by Reuters at November 17, 2020 12:20 am.

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'Good Doctor' star Richard Schiff hospitalized for COVID-19: 'Showing some improvement every day'

"The Good Doctor" star Richard Schiff, who last week said he and his wife had tested positive for COVID-19, is now in the hospital getting treatment.

Published by USA TODAY at November 17, 2020 12:16 am.

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Samsung BioLogics says mass producing Eli Lilly's COVID-19 treatment.

Samsung BioLogics Co Ltd on Tuesday said it is mass-producing a COVID-19 antibody treatment developed by Eli Lilly and Co, as the United States began distributing the drug last week after emergency-use approval.

Published by Reuters at November 17, 2020 12:00 am.

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Funding for climate disasters is 'failing' those most vulnerable, says IFRC.

The number of disasters caused by extreme weather and climate-related events is surging, the International Federation of Red Cross and Red Crescent Societies said in a report on Tuesday, but funding is not getting to where it is needed most.

Published by Reuters at November 16, 2020 11:55 pm.

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Exclusive: Indonesia sovereign wealth fund aims to raise $15 billion by offering multiple funds.

Indonesia's new sovereign wealth fund will offer dedicated industry funds in a bid to drum up $15 billion investment and deepen access to global capital by Southeast Asia's biggest economy, finance minister Sri Mulyani Indrawati told Reuters.

Published by Reuters at November 16, 2020 11:50 pm.

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China's Tsinghua Unigroup defaults on $198 million bond: sources.

Tsinghua Unigroup, a major government-backed player in China's technology race, has defaulted on a 1.3-billion-yuan ($197.96 million) bond, three sources said, as several high-profile delinquencies by state firms rattled the country's bond market.

Published by Reuters at November 16, 2020 11:45 pm.

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Mercedes aiming to start Hamilton contract talks in days.

Mercedes expect to start contract talks with Lewis Hamilton in the next few days now the Briton has clinched a record-equalling seventh Formula One world championship, team boss Toto Wolff has said.

Published by Reuters at November 16, 2020 11:20 pm.

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Seeing Christmas lights earlier this year? There's a reason behind the 'act of kindness,' experts say.

Christmas lights are showing up earlier this year as people try to reclaim some cheer during the ongoing coronavirus pandemic.

Published by USA TODAY at November 16, 2020 11:16 pm.

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Breakingviews - It’s a good time to be “the other” Alibaba.

JD.com’s good year might get better. Shares of the $149 billion Chinese e-commerce company are rising, even as draft antitrust rules have caused those of its larger, aggressive rival Alibaba to fall. JD’s adjusted quarterly earnings highlight how boss Richard Liu’s inventory...

Published by Reuters at November 16, 2020 11:10 pm.

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Zoom Thanksgiving gift: Company announces no time limits on family video get-togethers for holiday.

Zoom's rivals have yet to match the no time limit offer. Currently Google has a 60 minute limit, and WebEx goes 50 minutes for its free offering.

Published by USA TODAY at November 16, 2020 10:51 pm.

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NHC says Hurricane Iota makes landfall on coast Nicaragua.

Catergory 4 hurricane Iota made landfall along the coast of northeastern Nicaragua, the U.S. National Hurricane Center (NHC)said in its latest advisory on Tuesday.

Published by Reuters at November 16, 2020 10:50 pm.

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Senior Chinese official says authorities working on more Hong Kong reforms, including judiciary.

A senior Chinese official said on Tuesday that authorities are working on reforms related to semi-autonomous Hong Kong's mini-constitution, including its judicial system.

Published by Reuters at November 16, 2020 10:45 pm.

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UK plans temporary aid cut to pay for coronavirus crisis - The Times.

British Prime Minister Boris Johnson is considering a temporary cut to the aid spending to help the country's Covid-ravaged public finances, The Times reported.

Published by Reuters at November 16, 2020 10:35 pm.

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China reports 15 new COVID-19 cases vs eight a day earlier.

Mainland China reported 15 new COVID-19 cases on Nov. 16, up from eight cases a day earlier, the country's national health authority said on Tuesday.

Published by Reuters at November 16, 2020 10:30 pm.

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Europe's spending surge will not make debt unsustainable: ECB.

A surge in public spending across Europe to contain a pandemic-induced recession will not make debt levels unsustainable, even if some euro zone members are sitting on excessively large debt piles, European Central Bank chief economist Philip Lane said.

Published by Reuters at November 16, 2020 10:20 pm.

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Taylor Swift speaks out after Scooter Braun reportedly sells her masters for millions.

A year after their public feud ignited, Taylor Swift is firing back after Scooter Braun reportedly sold her masters to an investment firm.

Published by USA TODAY at November 16, 2020 10:11 pm.

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FDA delays decision on Bristol Myers cancer therapy due to COVID-19 travel curbs.

Bristol Myers Squibb said on Monday the U.S. health regulator has deferred a decision on an experimental blood cancer therapy that it acquired in the $74 billion buyout of Celgene due to coronavirus-related travel restrictions.

Published by Reuters at November 16, 2020 10:05 pm.

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Australian state reports one new COVID-19 case, dampens fears of new cluster.

Australia's fifth most populous state on Tuesday reported one new COVID-19 case overnight, dampening fears of another deadly cluster emerging in a country that has largely eradicated the virus.

Published by Reuters at November 16, 2020 10:00 pm.

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BP files notices of possible worker layoffs in Chicago area.

BP Plc notified officials in Chicago and the state of Illinois of possible layoffs affecting more than 250 salaried employees at the company’s offices, BP said in a statement.

Published by Reuters at November 16, 2020 9:50 pm.

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Oil prices edge higher ahead of OPEC+ meeting, vaccine hopes.

Oil prices edged higher on Tuesday on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by news of another promising coronavirus vaccine.

Published by Reuters at November 16, 2020 9:40 pm.

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Pfizer to start pilot program for COVID-19 immunization in four U.S. states.

Pfizer Inc said on Monday it was starting a pilot program for COVID-19 immunization in four U.S. states to help refine the plan for the delivery and deployment of its vaccine candidate.

Published by Reuters at November 16, 2020 9:30 pm.

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Taylor Swift says her master tapes sold off for second time.

Taylor Swift said on Monday that her master recordings had been sold off to a private equity company, denying her the chance to buy back the tapes herself and resume control over the rights to her first six albums.

Published by Reuters at November 16, 2020 9:20 pm.

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COVID-19 travel restrictions by state: What you need to know before you travel.

Eight months into the COVID-19 pandemic and amid a worrisome surge in infections ahead of the holidays, some states are imposing travel restrictions.

Published by USA TODAY at November 16, 2020 9:11 pm.

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Elliott exits AT&T after waging a fight in 2019; Starboard exits eBay.

Elliott Management, which last year took a $3.2 billion stake in AT&T; and pushed the company to sell some assets, has itself exited the telecommunications and media company, according to a regulatory filing on Monday.

Published by Reuters at November 16, 2020 9:10 pm.

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Breakingviews - Airbnb’s IPO doesn’t require head-in-sand moment.

Is it possible that Airbnb could be a technology initial public offering that isn’t requiring investors to have their head in the sand? The home-sharing app’s revenue fell more than 30% in the first nine months of the year as Covid cut into travel. That isn’t great, but...

Published by Reuters at November 16, 2020 9:00 pm.

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Eyewall of climate 'bomb' Iota brings catastrophic winds to Central America.

Hurricane Iota began whipping a remote coastal area of Nicaragua with catastrophic winds, storm surges and rain on Monday evening, as the region's leaders blamed climate change for destruction that is pushing millions closer to hunger.

Published by Reuters at November 16, 2020 8:50 pm.

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FBI report shows US hate crimes reached the highest level since 2008.

An FBI report released Monday shows hate crimes committed in the U.S. rose to the highest level in more than a decade.

Published by USA TODAY at November 16, 2020 8:48 pm.

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Asia stocks edge higher after vaccine hopes push Wall Street to record highs.

Asian stocks cautiously pushed further into record territory on Tuesday, and oil edged higher after U.S. benchmarks were pepped up by news of another promising coronavirus vaccine.

Published by Reuters at November 16, 2020 8:35 pm.

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Barley trade routes redrawn as China tariff hits Australian farmers.

Out in Australia's grain fields, farmers have started harvesting one of their biggest ever barley crops, after drought-relieving rains convinced many to plant to the edges of their paddocks.

Published by Reuters at November 16, 2020 8:20 pm.

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U.S. Senate passes anti-doping sports bill.

The United States Senate on Monday passed a bill that would allow U.S. justice officials to pursue criminal penalties against anyone involved in doping at an international events involving American athletes, sponsors or broadcasters.

Published by Reuters at November 16, 2020 8:10 pm.

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Pentagon fails audit yet again, could pass around 2027, comptroller says.

The Pentagon failed its comprehensive audit in fiscal 2020, the third year it has failed since the first audit was conducted in 2018, reflecting system and accounting problems across its vast bureaucracy that could persist until 2027, the department's comptroller said on...

Published by Reuters at November 16, 2020 8:05 pm.

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University of California agrees to pay $73M to settle sexual abuse allegations against former gynecologist James Heaps.

The University of California system reached a proposed $73 million settlement with seven women who accused a former gynecologist of sexual abuse.

Published by USA TODAY at November 16, 2020 8:02 pm.

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South Korea to tighten social distancing, warns of new COVID-19 crisis.

South Korea will impose stricter social distancing rules for the greater Seoul area a month after easing them, officials said on Tuesday, warning of an even bigger crisis if anti-COVID-19 efforts fail to dampen a spike in new cases.

Published by Reuters at November 16, 2020 8:00 pm.

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U.S. being left behind after Asia forms world's biggest trade bloc: U.S. Chamber.

The U.S. Chamber of Commerce on Monday said it was concerned the United States was being left behind after China and 15 other Asia-Pacific economies on Sunday formed the world's largest free trade bloc, cementing China's dominant role in regional trade.

Published by Reuters at November 16, 2020 7:50 pm.

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Fed's Daly: need both impatience and patience to solve racial justice, other problems.

San Francisco Federal Reserve Bank President Mary Daly said Monday that to tackle long-term problems like racial justice and climate change the U.S. central bank must be both impatient and patient.

Published by Reuters at November 16, 2020 7:30 pm.

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Kakapo victorious: World's fattest parrot wins New Zealand Bird of the Year 2020.

With an owl-like face, pot belly and duck-waddling gait, the green-feathered kakapo is a nocturnal parrot that cannot fly.

Published by USA TODAY at November 16, 2020 7:29 pm.

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Colombia asks for more time to remove landmines from territory.

Colombia has requested a more than four-year extension under the Ottawa Treaty for removing landmines from across the country, the High Peace Commissioner's office said on Monday.

Published by Reuters at November 16, 2020 7:25 pm.

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Cybersecurity is top business worry in 'age of risk': Marsh & McLennan CEO.

Cybersecurity has emerged as the most pressing exposure for business confronting a new "age of risk," topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm Marsh & McLennan Companies...

Published by Reuters at November 16, 2020 7:20 pm.

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'Tragedy' if Perez not in F1 next year, says Brawn.

Sergio Perez more than deserves to stay in Formula One, managing director Ross Brawn said on Monday after the Mexican finished second to now-seven times world champion Lewis Hamilton in Turkey at the weekend.

Published by Reuters at November 16, 2020 7:15 pm.

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Who's the Boss? WWE star Sasha Banks talks 'Star Wars' debut, teaming with Baby Yoda on 'The Mandalorian'

Sorry, Baby Yoda, but the 'Star Wars' galaxy has a new 'Legit Boss' as Mercedes Varnado (aka WWE's Sasha Banks) made her debut on 'The Mandalorian.'

Published by USA TODAY at November 16, 2020 7:05 pm.

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Canada's remote Nunavut to impose COVID-19 lockdown after community outbreak.

Canada's remote Arctic territory of Nunavut is suffering its first community outbreak of COVID-19 and will close all non-essential services, as well as schools, for at least two weeks, officials said on Monday.

Published by Reuters at November 16, 2020 7:00 pm.

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A Major Oil Rally Could Be On The Horizon.

This year has been a true rollercoaster ride for the U.S. stock market, but it is increasingly looking to end on a high note. The S&P; 500 has climbed nearly 11% in the first two weeks of November as the world moves closer to vanquishing one of mankind's biggest threats in modern history. Oil is anything but dead. And here are two reasons to stick with oil: #1 Vaccine optimism will keep driving things forward Barely a week after pharmaceutical giants Pfizer and BionTech gave the world hope of an effective Covid-19 vaccine,…

Published by OilPrice.com at November 16, 2020 7:00 pm.

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Breakingviews - Controversial museum sales set messy precedent.

It's rarely a good sign when a museum decides to monetise parts of its collection – yet some institutions are painting that picture. The Baltimore Museum of Art considered selling three significant works of art in an effort to raise staff salaries as well as diversify its...

Published by Reuters at November 16, 2020 6:50 pm.

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Regulators target money market funds after COVID-19 turmoil.

Regulators will propose changes to money market funds next year after pandemic lockdowns in March highlighted how the $6.9 trillion sector struggled under severe stress, a report said.

Published by Reuters at November 16, 2020 6:35 pm.

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As pandemic hits pockets, New Yorkers line up for free Thanksgiving turkey.

As the U.S. Thanksgiving holiday approaches, New Yorkers struggling to serve up a festive meal lined up with empty shopping carts for help from a hunger-relief organization.

Published by Reuters at November 16, 2020 6:30 pm.

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Baidu to buy JOYY's live-streaming business in China for $3.6 billion.

Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about $3.6 billion in cash.

Published by Reuters at November 16, 2020 6:25 pm.

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Breakingviews - Moderna success is a win for poorer countries.

Moderna’s success in producing what appears to be a highly effective Covid-19 vaccine is a win for everyone, but especially for poorer countries. The U.S. drug company’s achievement, and Pfizer’s before it, raises the odds that rivals will be able to do the same. The less...

Published by Reuters at November 16, 2020 6:15 pm.

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Does vaccine promise put U.S. consumers in a shopping mood? Retailers may have clues.

As positive coronavirus vaccine news makes strategists more optimistic about the future for retailers, investors will look to earnings results and forecasts from these companies in the coming days for clues about consumer spending.

Published by Reuters at November 16, 2020 6:10 pm.

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Huawei to sell Honor brand to consortium of agents and dealers in bid to save its supply chain.

Huawei Technologies Co Ltd is selling its budget brand smartphone unit Honor to a consortium of over 30 agents and dealers, according to a joint statement signed by 40 companies involved in the purchase.

Published by Reuters at November 16, 2020 6:05 pm.

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Smithfield Foods, subcontractor fined $100,000 for COVID-19 violations in California.

Smithfield Foods, the world's biggest pork processor, and a subcontractor face fines of more than $100,000 from California's workplace safety regulator for failing to protect employees from COVID-19 and other violations during the pandemic.

Published by Reuters at November 16, 2020 6:00 pm.

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Trump's Favorite Metal Could Hit $5,000 In 2021.

Trump loves gold. The White House decor is now a shrine to the precious metal, and there’s enough gold adorning Mar-a-Lago to fill the central bank coffers of your average country. Even his private plane boasts gold-plated seatbelt buckles, gold bathroom fixtures, and gold silk wallpaper. Gold loves Trump, too ...

Published by OilPrice.com at November 16, 2020 6:00 pm.

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Supermarket chain Costco declares special dividend of $10 per share.

Membership-only supermarket chain Costco Wholesale Corp on Monday declared a special dividend of $10 per share as it benefits from consumers stocking up essentials due to the COVID-19 pandemic, sending its shares up about 2% after the bell.

Published by Reuters at November 16, 2020 5:50 pm.

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Factbox: U.S. Representatives Cheri Bustos, Tim Walberg latest lawmakers to test positive for COVID-19.

Over two dozen members of the U.S. House of Representatives and Senate - 18 Republicans and 10 Democrats - have tested positive or are presumed to have had COVID-19, with Representatives Cheri Bustos and Tim Walberg becoming the latest on Monday.

Published by Reuters at November 16, 2020 5:45 pm.

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All Container Heck Breaks Loose amid Flood of Orders from US Retailers to Supply Stimulus-Stuffed Consumers, Cancelled Sailings by Carriers, and Record Spiking Freight Rates.

While US Farmers Struggle to Find Empty Containers for Exports.

Published by Wolf Street at November 16, 2020 5:36 pm.

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Baidu quarterly revenue beats, to buy JOYY's live streaming unit in China.

China's Baidu Inc reported third-quarter revenue above market expectations on Monday and said it would buy social media platform JOYY Inc's video-based live streaming business in China for about $3.6 billion.

Published by Reuters at November 16, 2020 5:30 pm.

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OPEC+ Meeting Concludes With Support For Cut Extension.

OPEC+’s technical meeting finished on Monday with widespread support for a three-month extension of the current level of oil production cuts, sources told Reuters on Monday. OPEC sources hinted last week that many members were in support of extending the production cuts that were supposed to ease 2.0 million bpd in January, to 5.7 million bpd. Other members were in favor of even more drastic measures, which included cutting deeper come January. While the agreement of the group to keep at it seems to have the support of most members of the…

Published by OilPrice.com at November 16, 2020 5:30 pm.

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Nobody has looked at AstraZeneca vaccine data yet - UK health official.

No one has looked at the data of AstraZenca’s potential COVID-19 vaccine yet to see if it will be effective, England’s Deputy Chief Medical Officer Jonathan Van-Tam said on Monday.

Published by Reuters at November 16, 2020 5:25 pm.

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Universal, Cinemark agree on earlier home release for movies.

Cinemark Holdings Inc has reached a deal that will allow Comcast Corp's Universal Pictures to offer its films in U.S. homes as soon as 17 days after they debut in theaters, the companies said on Monday.

Published by Reuters at November 16, 2020 5:20 pm.

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Breakingviews - Corona Capital: Vaccine storage.

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

Published by Reuters at November 16, 2020 5:15 pm.

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Tesla to join S&P 500, spark epic index fund trade.

Tesla Inc is set to join the S&P; 500 in December, a major win for Chief Executive Elon Musk and his shareholders, triggering a massive $51 billion trade as index funds are forced to buy the electric car maker's shares.

Published by Reuters at November 16, 2020 5:10 pm.

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Anything's possible says MLB's first woman general manager Ng.

As she sat on a stool at home plate in Miami Marlins Park on Monday a message flashed onto the giant jumbotron behind the first woman general manager of a Major League Baseball team, "Welcome Kim Ng".

Published by Reuters at November 16, 2020 5:05 pm.

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What Biden’s Victory Means For Middle East Oil.

Whilst new U.S. President-elect, Joe Biden, will almost certainly focus on dealing with the tail of the COVID-19 pandemic and repairing the economic damage to the U.S. that it has wrought, when he turns his attention to fully to shaping Washington’s policy in the Middle East it is likely to be significantly different to his predecessor’s in key policy areas. Top of the list of his considerations are likely to be what to do about Iran, in particular the Joint Comprehensive Plan of Action (JCPOA) from which the U.S. unilaterally withdrew…

Published by OilPrice.com at November 16, 2020 5:00 pm.

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As basketball cranks up, indoor games seem like 'wrong choice to be making' for fans.

Sporting events, like many Americans, will soon move indoors, where the coronavirus can spread more easily. Will it be safe to fans to attend basketball?

Published by USA TODAY at November 16, 2020 4:59 pm.

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Airbnb IPO filing shows slowdown in revenue growth due to COVID-19.

Home rental startup Airbnb Inc disclosed paperwork for its initial public offering (IPO) on Monday that showed a slowdown in its core business due to the COVID-19 pandemic, even as it prepares for one of the most anticipated stock market debuts in recent years.

Published by Reuters at November 16, 2020 4:50 pm.

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Nearly 90,000 file sexual abuse claims against the Boy Scouts in unprecedented case.

The Boy Scouts of America declared bankruptcy in February, faced with mounting sexual abuse litigation. The deadline to file claims was Monday.

Published by USA TODAY at November 16, 2020 4:47 pm.

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Buffett's Berkshire invests in four big drugmakers.

Warren Buffett's Berkshire Hathaway Inc said on Monday it has begun investing in the stocks of four large drugmakers.

Published by Reuters at November 16, 2020 4:35 pm.

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Quebec to ban sale of new gasoline-powered cars from 2035.

The Canadian province of Quebec said on Monday it will ban the sale of new gasoline-powered passenger cars from 2035, joining California and others in announcing moves to shift to electric vehicles and reduce greenhouse gas emissions.

Published by Reuters at November 16, 2020 4:30 pm.

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U.S. tentatively approves adding Aer Lingus to Oneworld alliance group.

Irish airline Aer Lingus received tentative U.S. approval on Monday to join the Oneworld carrier alliance, the U.S. Transportation Department announced, a move that will give the joint venture control of more than half of the U.S.-Ireland flight market.

Published by Reuters at November 16, 2020 4:20 pm.

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France's new daily COVID-19 infections at one-month low.

French health authorities on Monday reported 9,406 new COVID-19 infections over the past 24 hours, a more than one-month low and a figure sharply down from Sunday's 27,228 and way below the all-time high of 86,852 reached on Nov 7.

Published by Reuters at November 16, 2020 4:10 pm.

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Ecuador’s Vast Oil Wealth May Never Be Tapped.

Over a decade of resource nationalism, an alleged corrupt billion-dollar Ecuadorean court verdict against energy super major Chevron, economic instability, civil unrest and aging infrastructure are sharply impacting Ecuador’s economically crucial oil industry. The magnitude of these negative events is being multiplied by the fallout from the COVID-19 pandemic which has almost crushed Ecuador’s fragile economy. Last year the Andean country was rocked by violent protests against President Lenín Moreno and his pro-business economic…

Published by OilPrice.com at November 16, 2020 4:00 pm.

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Four astronauts headed to space station in SpaceX Crew Dragon capsule.

Four astronauts who launched into space aboard Elon Musk’s rocket company SpaceX were heading toward a Monday night rendezvous in NASA’s first full-fledged mission ferrying a crew into orbit on a privately owned spacecraft.After launching at 7:27 p.m. Eastern Time on Sunday...

Published by Reuters at November 16, 2020 3:55 pm.

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Hurricane Iota, a climate 'bomb' terrorizing Central America.

Iota exploded into a catastrophic Category 5 hurricane bearing down on remote Central American coastal provinces on Monday, with the region's leaders blaming climate change for destruction that has pushed millions closer to hunger

Published by Reuters at November 16, 2020 3:55 pm.

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WHO says it investigating potential cluster of COVID-19 cases among staff.

The World Health Organization (WHO) said on Monday there had been 65 coronavirus infections among staff at its Geneva headquarters since the start of the pandemic and that a possible small cluster of cases was under investigation.

Published by Reuters at November 16, 2020 3:50 pm.

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U.S. upgrades safety probe into nearly 159,000 Tesla vehicles.

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla Model S and Model X vehicles, upgrading it to an engineering analysis, a step required before it can seek to compel recalls.

Published by Reuters at November 16, 2020 3:45 pm.

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