'International' category archive. Published November 30, 2020 2:45 pm (Mexico City time).

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Gold Set For Its Worst Month In 4 Years.

Gold prices extended their decline below $1,800/oz on Monday as growing optimism for an end to the pandemic continues to direct investors towards riskier assets, casting shadow over safe havens like bullion. Spot gold dropped 0.5% to $1,781.30 per ounce to 11:40 a.m. EST, on course for its worst month in four years. US gold futures traded 0.2% lower at $1,783.40 per ounce in New York. The latest boost for risk appetite came over the weekend when top US health officials said a vaccine will probably be deployed across the nation before the end…

Published by OilPrice.com at November 30, 2020 2:30 pm.

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After COVID-19 outbreak, BRF plant in southern Brazil cleared to resume exports to China.

Brazilian food processor BRF SA said on Monday its Lajeado pork unit in southern Brazil has been authorized to resume exports to China, according to a statement sent to Reuters.

Published by Reuters at November 30, 2020 2:20 pm.

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De Beers plans to clean up diamond supply chain, be carbon neutral by 2030.

Diamond mining giant De Beers on Monday outlined plans to ethically source its diamonds and be carbon neutral by 2030 due to growing investor pressure on companies to be environmentally and socially responsible.

Published by Reuters at November 30, 2020 2:15 pm.

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Sen. Chuck Grassley, 87, cleared by doctors to return to work following COVID-19 diagnosis.

"This disease affects people differently. I did not experience symptoms, but more than a thousand Americans are dying every day," Grassley said.

Published by USA TODAY at November 30, 2020 2:04 pm.

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Is Brazil’s Oil Boom In Danger?

Brazil’s massive offshore oil boom, notably in the deepwater offshore pre-salt oilfields, is continuing to grow despite weaker oil prices and the sharp impact of the COVID-19 pandemic. Strong demand from Asian refiners, especially those in China, for lighter sweeter crude oils saw demand for Brazilian crude oil soar since the end of 2019. The COVID-19 pandemic, a second round of lockdowns among Europe’s largest economies, a rapidly decelerating world economy, and a poor global economic outlook have done little to curb China’s…

Published by OilPrice.com at November 30, 2020 2:00 pm.

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Stocks in 'early stages' of new bull cycle: Aviva's Fitzgerald.

LONDON - Stock markets are in the early stages of a bull cycle and investors will buy into them because money is cheap and economies will return to pre-pandemic days more quickly than expected, a top Aviva Investors' fund manager said on Monday.

Published by Reuters at November 30, 2020 1:55 pm.

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Bulgarian doctors exhausted as COVID deaths hit record.

With coronavirus death rates surging to record levels in Bulgaria, doctors and nurses in a health service already weakened by decades of emigration to the West say they are exhausted.

Published by Reuters at November 30, 2020 1:50 pm.

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Cyber Monday 2020: The best deals you can get at Best Buy on TVs, appliances and more.

Best Buy's Cyber Monday 2020 sale is here with big discount on robot vacuums, smart TVs, Nintendo Switch games, LG appliances and more.

Published by USA TODAY at November 30, 2020 1:47 pm.

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U.S. gold futures beginning to overcome coronavirus shock.

Falling costs to roll forward U.S. gold futures contracts suggest the market is moving closer to normal trading after turmoil caused by COVID-19 raised investors' overheads, curbed activity and funnelled massive profits to investment banks.

Published by Reuters at November 30, 2020 1:30 pm.

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Goldman Sachs Sees Oil Hit $65 In 2021.

Goldman Sachs expects Brent crude to reach $65 a barrel next year following the release of an effective Covid-19 vaccine and a limited increase in supply from OPEC+. However, before this, global demand will drop by 3 million bpd because of the string of national lockdowns in Europe, the investment bank also warned. OPEC+ is still a major factor for prices, Goldman also said, and if it fails to agree to an extension of the current production cuts, this could cost the oil industry a $5 price drop per barrel. OPEC+ begins a two-day meeting today to…

Published by OilPrice.com at November 30, 2020 1:30 pm.

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South Koreans, Chinese clash on social media over Chinese-style Kimchi winning international certificate.

China's efforts to win an international certification for Pao Cai, a pickled vegetable dish from Sichuan, is turning into a social media showdown between Chinese and South Korean netizens over the origin of Kimchi, a staple Korean cuisine made of cabbage.

Published by Reuters at November 30, 2020 1:15 pm.

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U.S. weekly unemployment claims data flawed: government watchdog.

The U.S. Labor Department is inaccurately estimating the number of people filing weekly claims for unemployment benefits during the pandemic, which could make it difficult for policymakers to respond to the crisis, a government watchdog said on Monday.

Published by Reuters at November 30, 2020 1:00 pm.

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Venezuela’s Oil Crisis Is An Environmental Time Bomb.

The international media think tanks and government agencies have discussed at length the near failure of Venezuela, once Latin America’s most stable and developed nation, and the emergence of this century’s second-worst humanitarian crisis. The country’s implosion can be blamed upon a variety of factors, the key being the socialist Maduro regime’s gross mismanagement of its economic engine, Venezuela’s oil industry. While the economic, political, and humanitarian fallout from what can only be described as the world’s…

Published by OilPrice.com at November 30, 2020 1:00 pm.

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Analysis: Small caps set to keep surging as vaccines aid recovery.

Small cap stocks have far outperformed their larger counterparts in November en route to their best monthly performance on record, and look set to remain Wall Street leaders as companies poised to benefit from an economic recovery.

Published by Reuters at November 30, 2020 12:30 pm.

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Saudi Arabia Expected To Increase Oil Prices To Asia.

Refiners in Asia expect the world’s largest oil exporter, Saudi Arabia, to raise the official selling prices for its crude oil going to Asia in January due to stronger winter demand, according to a Reuters survey. Several major refiners in Asia, the top importing crude oil market, have recently increased spot purchases of crude oil to meet stronger demand as consumption is recovering from the lows seen earlier this year and as winter in the northern hemisphere approaches. According to the Reuters survey of six refiners in Asia, the…

Published by OilPrice.com at November 30, 2020 12:30 pm.

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Philip Green's Arcadia rejects Frasers' offer of 'lifeline' loan.

Philip Green's struggling British fashion group Arcadia has turned down rival Frasers Group's offer of a "lifeline" loan of up to 50 million pounds ($67 million), sportswear retailer Frasers, controlled by Mike Ashley, said on Monday.

Published by Reuters at November 30, 2020 12:25 pm.

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U.S. housing, manufacturing data suggest economic recovery slowing.

Contracts to buy U.S. previously owned homes fell for a second straight month in October as an acute shortage of properties pushed up prices, though the housing market remains supported by record low mortgage rates.

Published by Reuters at November 30, 2020 12:10 pm.

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Bitcoin surges to all-time record as 2020 rally powers on.

Bitcoin soared to a record high against the dollar on Monday, as its 2020 rally steamed ahead, boosted by increased demand from both institutional and retail investors that saw the virtual currency as a safe-haven and a hedge against inflation.

Published by Reuters at November 30, 2020 12:05 pm.

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Coronavirus updates: Moderna to apply for FDA authorization; UK expected to OK Pfizer vaccine soon; Oregon nurse on leave after TikTok video.

An Oregon nurse has been placed on leave after mocking restrictions in a TikTok video. Nevada surpasses 150K cases. Latest COVID news.

Published by USA TODAY at November 30, 2020 12:03 pm.

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With vaccines within reach, U.S. braces for post-Thanksgiving coronavirus surge.

After a Thanksgiving weekend when the number of people traveling through U.S. airports reached its highest since mid-March, a top government official said on Monday some Americans could begin receiving coronavirus vaccinations before Christmas.

Published by Reuters at November 30, 2020 12:00 pm.

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Oil Markets Face A 200 Million Barrel Glut In 2021.

As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic into 2021 – and in particular, the consequences of oil demand destruction to global balances. The existing OPEC+ group deal saved the market from collapsing earlier this year, but then Covid-19 came back with a second-wave. If output increases as planned from January, the world will have to face a new 200-million-barrel surplus through May, Rystad Energy calculates. The OPEC+ group will be debating whether or not…

Published by OilPrice.com at November 30, 2020 12:00 pm.

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BoE's Tenreyro sees little immediate economic boost from COVID-19 vaccine.

Bank of England policymaker Silvana Tenreyro said on Monday that progress in the development of COVID-19 vaccines was only likely to translate into a significant economic boost once they had been widely rolled out in Britain.

Published by Reuters at November 30, 2020 11:55 am.

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U.S. pending home sales unexpectedly fall in October.

Contracts to buy U.S. previously owned homes fell for a second straight month in October as an acute shortage of properties pushed up prices, though the housing market remains supported by record low mortgage rates.

Published by Reuters at November 30, 2020 11:50 am.

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Mexico government unveils second investment plan worth $11.4 billion.

Mexico's finance ministry on Monday announced a second package of 29 infrastructure investments assembled between the government and the private sector worth some 228 billion pesos ($11.4 billion), aimed at lifting the nation's ailing economy.

Published by Reuters at November 30, 2020 11:45 am.

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U.S. imposes Venezuela-related sanctions targeting Chinese firm.

The United States on Monday imposed sanctions on Chinese firm China National Electronics Import & Export Corporation (CEIEC), accusing it of supporting Venezuelan President Nicolas Maduro's efforts to undermine democracy.

Published by Reuters at November 30, 2020 11:40 am.

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U.S. arms sales to UAE draw fire from 29 rights groups.

Twenty-nine arms control and human rights organizations have signed a letter opposing the sale of $23 billion worth of missiles, fighter jets and drones to the United Arab Emirates and asking the U.S. Congress to block the deal.

Published by Reuters at November 30, 2020 11:30 am.

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U.S. To Blacklist Chinese Oil Giant Due To Military Ties.

The United States government is set to add Chinese state oil company CNOOC to a blacklist of companies with ties to the Chinese military, Reuters has reported, citing sources and a document. The move is the latest escalation in the U.S-Chinese trade spat and comes less than two months before the administration changes. So far, the Department of Defense has designated 31 Chinese companies from various industries as either owned or controlled by the country’s military. Earlier this month, Reuters reported the DoD will add another four. CNOOC…

Published by OilPrice.com at November 30, 2020 11:30 am.

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Argentines celebrate 'eternal love' for Maradona with tattoos.

Under his shirt, pizza shop owner Guillermo Rodriguez is a walking shrine to Diego Maradona. His entire back is covered in tattoos depicting the soccer great, whose death last week at the age of 60 inspired enormous grief in Argentina and beyond.

Published by Reuters at November 30, 2020 11:27 am.

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Merkel: Challenge with China is finding right balance between values and interests.

Europe must stand up for its values in its dealings with China, but given the country's sheer population and economic importance, there will always be a trade-off between the EU's values and its interests, German Chancellor Angela Merkel said.

Published by Reuters at November 30, 2020 11:10 am.

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Two coronavirus vaccines available in U.S. in coming weeks: health secretary.

The first two vaccines against the novel coronavirus could be available to Americans before Christmas, Health Secretary Alex Azar said on Monday, after Moderna Inc became the second vaccine maker likely to receive U.S. emergency authorization.

Published by Reuters at November 30, 2020 11:05 am.

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U.S. debt, Fed easy money biggest risks in 2021: Jim Rogers.

The debt taken on by the U.S. government and the unprecedented amount of money printed by the Federal Reserve are the biggest risks for 2021, Jim Rogers, the investor who co-founded the Quantum Fund with George Soros, said on Monday.

Published by Reuters at November 30, 2020 11:00 am.

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OPEC Oil Output Soars As Production Cut Decision Looms.

Driven by a faster-than-expected comeback of Libyan oil production, OPEC’s crude output jumped in November by 750,000 barrels per day (bpd), the fifth consecutive increase in the cartel’s production, the monthly Reuters survey showed on Monday. The 13 members of OPEC have produced a total of 25.31 million bpd in November, a massive 750,000 bpd increase from October as Libya’s oil production rose by nearly 700,000 bpd, according to the Reuters survey of ship-tracking data and sources from OPEC, consultants, and oil companies. OPEC’s…

Published by OilPrice.com at November 30, 2020 11:00 am.

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Key dollar Libor rates get 18-month stay of execution.

The United States will get more time than the rest of the world to ditch Libor after American banks agreed to help compile the tarnished interest rate benchmark until mid-2023, regulators announced on Monday.

Published by Reuters at November 30, 2020 10:50 am.

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French government drops plan to curb filming of police officers.

French President Emmanuel Macron's ruling party on Monday dropped plans to curb the freedom to share images identifying police officers, after more than 100,000 people took part in weekend rallies for free speech and against police violence.

Published by Reuters at November 30, 2020 10:40 am.

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In rebuke to Orban, Merkel says rule of law was no backdoor addition.

Suggestions that a requirement of adherence to the rule of law were introduced into proposals for the next European Union budget secretly, over the objections of some leaders, are not true, German Chancellor Angela Merkel said on Monday.

Published by Reuters at November 30, 2020 10:30 am.

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Islamic State Claims Attack On Iraqi Refinery.

Islamic State militants launched a rocket strike against an Iraqi refinery causing its shut-down, Reuters has reported, citing officials from the facility. In a statement on the terrorist group’s official channel, IS took responsibility for the attack, which caused a fire at a fuel storage tank, which has been put under control. “We completely shut down production units to avoid extensive damage that could result,” one of the Reuters sources said. The Siniya refinery, located in Northern Iraq, has a daily processing capacity…

Published by OilPrice.com at November 30, 2020 10:30 am.

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U.S. agency affirms it will not allow mid-air mobile phone use.

The Federal Communications Commission (FCC) said Monday it had ended a 2013 regulatory proceeding that had sought to lift the ban on the use of mobile phones while in flight on U.S. airlines.

Published by Reuters at November 30, 2020 10:25 am.

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No COVID-19 vaccine, no normal life, UK minister suggests.

People who refuse a vaccine for COVID-19 could find normal life curtailed as restaurants, bars, cinemas and sports venues could block entry to those who don't have proof they are inoculated, Britain's new vaccine minister said on Monday.

Published by Reuters at November 30, 2020 10:10 am.

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Islamists attack three French military bases in Mali.

Al Qaeda-linked Islamist fighters rocketed French military bases in Kidal, Menaka and Gao in northern Mali within the space of a few hours on Monday morning, a rare sign of coordinated raids on international forces.

Published by Reuters at November 30, 2020 10:00 am.

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Oil Prices Will Average Below $50 In 2021.

Despite the recent progress in vaccine development, oil prices will continue to be subdued in the first half of next year, while oil prices will not average above $50 for the whole of 2021, the monthly Reuters poll of analysts showed on Monday. The U.S. benchmark WTI Crude is set to average $46.40 per barrel next year, compared to $46.03 a barrel expected in the previous month’s poll, according to the survey of 40 economists and oil analysts. The experts see Brent Crude averaging $49.35 a barrel in 2021, slightly down from $49.76…

Published by OilPrice.com at November 30, 2020 10:00 am.

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Breakingviews - France picks wrong tax fight with United States.

French Finance Minister Bruno Le Maire wants U.S. President-elect Joe Biden’s help on corporate tax reform. Unfortunately, he’s going about it the wrong way.

Published by Reuters at November 30, 2020 9:38 am.

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Iran opposition suspected alongside Israel in scientist's killing, Shamkani says.

A senior Iranian official said on Monday an opposition group was suspected alongside Israel in the killing of a prominent Iranian nuclear scientist, an attack that has raised the prospect of a new standoff between Tehran and its longtime enemy.

Published by Reuters at November 30, 2020 9:35 am.

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Vietnam reports first locally transmitted COVID-19 case in 89 days.

Vietnam confirmed on Monday its first locally transmitted case of the coronavirus in nearly three months, after the infection of a man related to a flight attendant who had tested positive after returning from Japan two weeks ago.

Published by Reuters at November 30, 2020 9:30 am.

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MiB: The Deals that Reshaped Wall Street.

Consider all of these deals: The spinout of Blackrock from Merrill Lynch; the purchase of Merrill Lynch by Bank of America; the sale of the Miami Marlins baseball team; the conversion of the Rockefeller Family Office into a Wealth Management firm; even the sale of SALT – The Mooch’s firm – so he was free…

Published by The Big Picture at November 30, 2020 9:30 am.

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Saudi Arabia Bombs Houthi Rebels In Response To Aramco Attack.

The coalition led by Saudi Arabia bombed camps of the Houthi rebels in Yemen on Friday after Houthis hit a petroleum distribution center of oil giant Saudi Aramco near Jeddah earlier this week, AFP reported on Friday, citing its correspondents and eyewitnesses. The Saudi-led coalition hit sites believed to be holding rebels of the Iran-aligned Houthi movement in the Yemeni capital Sanaa, the port city of Hodeida, and the city of Amran north of Sanaa, AFP reports. There was no immediate confirmation about casualties in the airstrikes,…

Published by OilPrice.com at November 30, 2020 9:30 am.

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EasyJet offers passengers cheaper COVID-19 tests to encourage travel.

UK airline EasyJet said it would partner with COVID-19 testing companies to offer passengers discounted tests to try to encourage more travel, following similar moves by Wizz Air and London's Gatwick Airport.

Published by Reuters at November 30, 2020 9:25 am.

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Fed says extending four emergency liquidity programs to March 31, 2021.

The U.S. Federal Reserve said Monday it is extending emergency liquidity programs for the commercial paper and other key financial markets through March 31, a step to help financial markets plan through the start of the next year as the economy recovers from the coronavirus...

Published by Reuters at November 30, 2020 9:20 am.

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American Airlines conducts trials to transport COVID-19 vaccine.

American Airlines began trial flights from Miami to South America in mid-November to prepare for its role in transporting the COVID-19 vaccine, the U.S. carrier said on Monday.

Published by Reuters at November 30, 2020 9:10 am.

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OPEC oil output rises for fifth month on Libyan recovery, Reuters survey shows.

OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC-led supply deal.

Published by Reuters at November 30, 2020 9:00 am.

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The World’s Largest Trade Pact Could Crush U.S. Gas Exports.

Recent political and geopolitical developments in the United States and Asia could undermine American energy exports to the biggest regional importer of crude oil, natural gas, and coal. Two weeks ago, fifteen countries in the Asia-Pacific region—including China and Australia—signed the world’s newest and largest trade pact. The Regional Comprehensive Economic Partnership (RCEP) Agreement is set to gradually reduce and, in some cases, eliminate, trade tariffs on goods, including commodities. The biggest…

Published by OilPrice.com at November 30, 2020 9:00 am.

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England's COVID-19 infections down 30% during national lockdown - survey.

COVID-19 infections have fallen by 30% during England's month-long national lockdown and the virus is now in retreat, a large-scale study of more than 100,000 volunteers showed on Monday.

Published by Reuters at November 30, 2020 8:55 am.

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Brazil’s Dirty List – Not Making a Dent in Modern Slavery.

Brazil’s Dirty List – Not Making a Dent in Modern Slavery
A government raid on an illegal gold mine in northern Brazil freed 39 people working in conditions of slavery and revealed once again the challenges that the country’s anti-slavery mechanisms must overcome.

Published by InSight Crime at November 30, 2020 8:54 am.

InSight Crime →
FA to investigate social media post by United's Cavani.

The English FA is looking into a deleted social media post by Manchester United striker Edinson Cavani which contained a Spanish phrase that is offensive in some contexts.

Published by Reuters at November 30, 2020 8:50 am.

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Universal Studios Japan to open Super Nintendo World area on February 4.

Universal Studios Japan will open its new Nintendo themed area on Feb. 4, the Osaka-based theme park said on Monday, after pushing back the opening from the summer due to the coronavirus outbreak.

Published by Reuters at November 30, 2020 8:50 am.

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U.S. agency screened 1.18 million airline passengers on Sunday.

The Transportation Security Administration said it screened 1.18 million airline passengers on Sunday, the highest number since mid-March but still about 60% lower than the comparable day last year.

Published by Reuters at November 30, 2020 8:45 am.

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DoorDash aims for up to $27 billion valuation in much-awaited IPO.

Food delivery startup DoorDash Inc is aiming to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering, setting the stage for one of the most high-profile stock market debuts of the year.

Published by Reuters at November 30, 2020 8:35 am.

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Exclusive: NATO angers some members with proposed salary hike - diplomats.

NATO has asked members for more money to finance a salary hike for staff, a request some alliance nations deem disproportionate given the COVID-19 hit to their economies and are refusing, three European diplomats said.

Published by Reuters at November 30, 2020 8:30 am.

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S&P Global to buy IHS Markit in $44 billion mega deal.

Data giant S&P; Global Inc has agreed to buy IHS Markit Ltd in an all-stock deal worth $44 billion that will be the biggest corporate acquisition of 2020 and create a heavyweight in the increasingly competitive market in financial information.

Published by Reuters at November 30, 2020 8:15 am.

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U.S. insurers dig into corporate diversity practices as lawsuits pile up.

U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said.

Published by Reuters at November 30, 2020 8:05 am.

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Two coronavirus vaccines available in U.S. in coming weeks: U.S. health secretary.

The first two vaccines against the novel coronavirus could be available to Americans before Christmas, Health Secretary Alex Azar said on Monday, after Moderna Inc became the second vaccine maker likely to receive U.S. emergency authorization.

Published by Reuters at November 30, 2020 8:00 am.

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Factbox: Moderna's mRNA coronavirus vaccine.

Moderna Inc became the second U.S company to release full results from a large study of its experimental vaccine, saying it was 94.1% effective against COVID-19.

Published by Reuters at November 30, 2020 7:55 am.

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GM, Nikola announce reworked, smaller deal focused on supplying fuel-cell systems.

General Motors Co and Nikola Corp on Monday announced a reworked, smaller agreement that keeps a fuel-cell partnership intact but eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck.

Published by Reuters at November 30, 2020 7:50 am.

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Q&A: Where are we in the COVID-19 vaccine race?

Large global trials of several COVID-19 vaccine candidates involving tens of thousands of participants are well underway with some having gathered sufficient data to seek emergency use authorisation.

Published by Reuters at November 30, 2020 7:45 am.

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Lebanese students abroad fall prey to financial crisis at home.

Lebanese medical student Lara Mustafa faces eviction from Russia and the end of her dream of becoming a doctor if her parents, hit by Lebanon's worst financial crisis in decades, cannot send her money to pay for rent and expenses.

Published by Reuters at November 30, 2020 7:40 am.

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COVID-19 vaccine prospects may already be boosting consumer spending, economy.

Prospects for highly effective COVID-19 vaccines may already be boosting consumer and business confidence and spending, and the broader economy.

Published by USA TODAY at November 30, 2020 7:34 am.

USA TODAY →
Exclusive: Abu Dhabi wealth fund in talks with KKR over Italian grid deal - sources.

Abu Dhabi's biggest sovereign fund is in talks with U.S. firm KKR to invest in Telecom Italia's (TIM) last-mile network in a deal that has drawn scrutiny from Italy's government, three sources close to the matter told Reuters.

Published by Reuters at November 30, 2020 7:30 am.

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Futures dip as S&P 500 heads towards best November ever.

U.S. stock index futures dipped on Monday as investors paused ahead of crucial economic indicators later this week to take stock of what was set to be a record-setting month for the benchmark S&P; 500.

Published by Reuters at November 30, 2020 7:25 am.

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Global investors see China stocks bull run lasting well into 2021.

Global investors are betting Chinese stocks will extend their bull run and that mainland corporate earnings in 2021 will be boosted by a world economic recovery and more predictable Sino-U.S. relationship.

Published by Reuters at November 30, 2020 7:15 am.

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Novavax sees start of U.S. COVID-19 vaccine trial in coming weeks after second delay.

Vaccine maker Novavax Inc said on Monday it has pushed back the start of a U.S.-based, late-stage trial for its experimental COVID-19 vaccine and now expects it to begin in the coming weeks instead of November.

Published by Reuters at November 30, 2020 7:10 am.

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Amazon, Apple stay away from new French initiative to set principles for Big Tech.

U.S. tech giants Amazon and Apple have not signed up to a new French initiative to get global tech companies to publicly commit to principles including paying their fair share of taxes, government officials said on Monday.

Published by Reuters at November 30, 2020 7:05 am.

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What's the top word of 2020? Pandemic, Merriam-Webster declares.

Merriam-Webster on Monday announced “pandemic” as its 2020 word of the year. In March, lookups on the site for pandemic spiked hugely.

Published by USA TODAY at November 30, 2020 7:00 am.

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Moderna to seek U.S. and EU authorization for its vaccine on Monday.

Moderna Inc will apply for U.S. and European emergency authorization for its COVID-19 vaccine on Monday after full results from a late-stage study showed it was 94.1% effective with no serious safety concerns, the company said.

Published by Reuters at November 30, 2020 6:45 am.

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New Jersey cops say city officials implemented ticket quota to raise money during pandemic.

The Morristown Policemen's Benevolent Association is suing the town, alleging officers were forced to meet ticket quotas to generate revenue.

Published by USA TODAY at November 30, 2020 6:40 am.

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Britain tells EU not to politicise financial market access.

The City of London's access to the European Union after Brexit should not be politicised by the bloc, given that Britain will maintain high regulatory standards in future, the UK's financial services minister said on Monday.

Published by Reuters at November 30, 2020 6:30 am.

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French health body says nursing homes should get COVID-19 vaccine first.

France's top health advisory body said on Monday it had recommended COVID-19 vaccinations should target retirement homes residents and their staff first when doses reach the country.

Published by Reuters at November 30, 2020 6:20 am.

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Exclusive: VW's executive committee to convene Tuesday to discuss CEO's future - sources.

Volkswagen Group's executive committee is convening on Tuesday to discuss Chief Executive Herbert Diess's demand for a contract extension, three sources familiar with the matter told Reuters on Monday.

Published by Reuters at November 30, 2020 6:15 am.

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Cyber Monday set to be biggest online shopping day in U.S. history.

Cyber Monday is on track to bring in a record of as much as $12.7 billion in online sales, according to latest industry estimates, surpassing Black Friday's digital numbers as U.S. retailers reached the last leg of an extended holiday selling season caused by the COVID-19...

Published by Reuters at November 30, 2020 6:10 am.

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Fighting climate change: Cheaper than ‘business as usual’ and better for the economy.

The often-repeated and seldom-challenged view that climate change solutions are expensive and uneconomical has long dampened public support in the U.S. for even common-sense measures. Seldom do proponents of those views enumerate the costs or mention the alternative costs of ...

Published by Yale Climate Connections at November 30, 2020 6:05 am.

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Moderna becomes second company to request emergency FDA authorization for COVID-19 vaccine candidate.

Moderna will be the second vaccine maker to request authorization from the federal government, following similarly positive trial results for Pfizer.

Published by USA TODAY at November 30, 2020 6:02 am.

USA TODAY →
Flooding in low-lying Norfolk, Virginia, now a chronic problem.

Norfolk, Virginia, is home to the largest naval base in the world. The city is also on the front lines of sea-level rise. During high tides, water covers many roads. “The arteries that go in and out of the naval ...

Published by Yale Climate Connections at November 30, 2020 6:00 am.

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Oil prices face uphill struggle in 2021 despite vaccine progress: Reuters poll.

Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed on Monday.

Published by Reuters at November 30, 2020 5:50 am.

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Record-shattering 2020 Atlantic hurricane season officially comes to an end.

After six long months and 30 storms from Arthur to Iota, the record-shattering 2020 Atlantic hurricane season officially ends Monday.

Published by USA TODAY at November 30, 2020 5:40 am.

USA TODAY →
Factbox: Debretsion Gebremichael, head of Ethiopia's Tigrayan forces.

Former guerrilla radio operator Debretsion Gebremichael, leader of Ethiopia's rebellious northern forces, says he is still fighting close to the Tigray capital of Mekelle after government troops captured it following nearly a month of conflict.

Published by Reuters at November 30, 2020 5:35 am.

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Hong Kong curbs karaoke, closes games centres after reporting 76 new COVID cases.

Hong Kong tightened restrictions aimed at containing a rise in coronavirus cases on Monday, limiting gatherings to no more than two people, closing karaoke lounges and games centres and telling most civil servants to work from home.

Published by Reuters at November 30, 2020 5:30 am.

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10 Monday AM Reads.

My back to work morning train WFH reads: • Goodbye, San Francisco. Hello, Austin. The question of who gets paid what, where, continues to drive a lot of these decisions. Reddit became the latest company to say it doesn’t matter: It’ll pay people the same no matter their hometown. But that argument is far from…

Published by The Big Picture at November 30, 2020 5:30 am.

The Big Picture →
Britain hands BAE Systems £2.4 billion munitions contract.

Britain handed a 2.4 billion pound ($3.20 billion) contract to BAE Systems on Monday, agreeing a new deal with the country's biggest defence company for the supply of weapons to help keep jobs and boost investment in its pandemic-hit economy.

Published by Reuters at November 30, 2020 5:25 am.

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UK mortgages hit 13-year high, but consumers wary about borrowing.

British lenders approved the most mortgages in more than 13 years in October, Bank of England data showed on Monday, suggesting no let-up yet in a post-coronavirus lockdown bounce-back in the country's housing market.

Published by Reuters at November 30, 2020 5:00 am.

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Shares in UniCredit down 4.5% hit by concerns over CEO's future.

Shares in Italy's UniCredit fell 4.5% on Monday hit by concerns about the future of Chief Executive Jean Pierre Mustier, whose mandate ends in the spring.

Published by Reuters at November 30, 2020 4:55 am.

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Mortgage boom risks coming home to roost for Brazil's banks.

Owning their first home on the outskirts of Sao Paulo felt like a distant dream when tattoo artist Fernando do Prado and pharmacist Jenifer Ferreira got engaged in January.

Published by Reuters at November 30, 2020 4:15 am.

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32 things we learned from Week 12 of the 2020 NFL season.

Thanksgiving week provided several teams with much to be thankful for, but other teams are short on reasons for optimism after Sunday.

Published by USA TODAY at November 30, 2020 4:11 am.

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FTSE 100 set for best month ever on vaccine, recovery hopes.

London's FTSE 100 rose on Monday and was on course for its biggest monthly gain ever as investors bet on a working COVID-19 vaccine to speed up an economic recovery next year.

Published by Reuters at November 30, 2020 4:00 am.

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Yemen pushes polio immunization in bid to stem outbreak.

Yemeni health worker Fairouz Sanad lugs a coolbox of polio vaccines from house to house, dripping the liquid into children's mouths hoping to stop an outbreak of the paralysing virus largely eradicated globally.

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

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OPEC+ to discuss extending oil cuts or gradually raising output, sources say.

OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two days of talks that start on Monday, OPEC+ sources told Reuters.

Published by Reuters at November 30, 2020 3:25 am.

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European shares slip at end of stellar month; eyes on Brexit.

Europe's benchmark stock index opened lower on Monday with focus on Brexit negotiations, but was still on track for its best month on record on the prospect of easing coronavirus restrictions and hopes for a COVID-19 vaccine.

Published by Reuters at November 30, 2020 3:15 am.

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UK holds firm on fish in Brexit talks with EU.

Britain dug in its heels over fishing in Brexit negotiations with the European Union, demanding an end to what its environment minister cast as an unfair system of EU fishing in its waters.

Published by Reuters at November 30, 2020 3:10 am.

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Lloyds names HSBC's Charlie Nunn as chief executive.

Britain's biggest domestic lender Lloyds Banking Group said on Monday it had picked Charlie Nunn, currently head of wealth and personal banking at rival HSBC, to become its next chief executive.

Published by Reuters at November 30, 2020 2:55 am.

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Thailand tracking 200 people as infected returnees skip COVID-19 quarantine.

Thailand was racing to track down about 200 people in its northern provinces on Monday to stop a potential coronavirus outbreak, after three Thai nationals entered the country illegally from Myanmar and tested positive days later.

Published by Reuters at November 30, 2020 2:40 am.

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War not over, says Ethiopia's Tigrayan forces leader.

The leader of Ethiopia's rebellious northern forces said on Monday he was still fighting close to the regional capital of Mekelle after it was captured by government troops following nearly a month of battles and air strikes.

Published by Reuters at November 30, 2020 2:35 am.

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Sri Lanka coronavirus prison riot leaves eight dead, over 50 wounded.

At least eight prisoners were killed and more than 50 injured in clashes with guards at a Sri Lankan prison, officials said on Monday, as authorities tried to quell a protest over rising corornavirus infections in the country's crowded jails.

Published by Reuters at November 30, 2020 2:30 am.

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German ministers warn on pandemic's economic impact.

The number of COVID-19 infections is still much too high in most German regions and people must do more to reduce their contacts to slow the spread of the disease, German Economy Minister Peter Altmaier said on Monday.

Published by Reuters at November 30, 2020 2:20 am.

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