Friday , October 30 2020

International News

WTO recommends Nigeria’s candidate for top position

Bloomberg The World Trade Organization’s (WTO) effort to name a new leader hit a new roadblock on Wednesday after the Trump administration said it won’t back the appointment of Ngozi Okonjo-Iweala to be the WTO’s next director-general. The US could not support a consensus decision to appoint Okonjo-Iweala, Deputy US ...

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Argentina considers fiscal incentives for job growth

Bloomberg Argentina is considering fiscal incentives to encourage companies to hire workers after unemployment spiked to the highest in at least 16 years amid pandemic. Labour Minister Claudio Moroni said he’s been working with the Production Ministry to lower some employer contributions. The incentives will probably be aimed at hard-hit ...

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Italy approves new virus relief

Bloomberg Italian Prime Minister Giuseppe Conte’s government has approved a new relief package to help sectors hit hardest by the latest coronavirus restrictions amid growing protests in cities including Milan and Turin. Conte’s cabinet signed off on measures worth about 5 billion euros ($6 billion) to partially compensate businesses that ...

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JPMorgan cuts UK outlook as recovery looks past its peak

Bloomberg The UK’s recovery already looks well past its peak, putting the economy on a shaky footing as it enters a winter of stricter restrictions to control the coronavirus. The worrying outlook prompted JPMorgan Chase to almost halve its forecast for fourth-quarter growth, with the bank expecting regional lockdowns to ...

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Vedanta’s debt maturities aid credit rating warnings

Bloomberg Holding companies controlled by energy-to-mining tycoon Anil Agarwal face the highest debt repayments in several years just as credit rating firms step up warnings. Vedanta Ltd holding companies Vedanta Resources Ltd and Volcan Investments Cyprus Ltd must repay a combined $1.17 billion next year. That’s the most since 2017, ...

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