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Reuters

ASML CEO sees US-China trade antagonism outlasting Trump
Business & Finance

ASML CEO sees US-China trade antagonism outlasting Trump

  • Some industry watchers had hoped that the transition from US President Donald Trump's administration to President-elect Joe Biden would ease tensions.
  • I don't think that's going to change. To be honest this goes to the heart of, I would say the very core of, industrial policy in both countries.
Published 14 Jan, 2021 07:22pm
Stimulus helps stocks shrug off impeachment chaos
Markets

Stimulus helps stocks shrug off impeachment chaos

  • US yields bounce after report of $2 trillion stimulus plan.
  • Japan's Nikkei hits fresh three-decade peak.
  • European shares, US futures edge higher.
  • China tech giants jump after spared from US blacklist.
Published 14 Jan, 2021 07:18pm
London must be 'clear eyed' about prospects for EU access
World

London must be 'clear eyed' about prospects for EU access

  • Britain's new post-Brexit trade deal with the EU does not cover financial services, leaving the City largely isolated from its biggest customer.
  • We have to be clear eyed, the MoU has negligible legal effect and depends on goodwill.
Published 14 Jan, 2021 07:16pm
IGC cuts forecast for 2020/21 global corn production
Markets

IGC cuts forecast for 2020/21 global corn production

  • In its monthly update, the inter-governmental body cut its global corn crop forecast by 13 million tonnes to 1.133 billion tonnes.
  • The IGC raised its forecast for 2020/21 world wheat production by 3 million tonnes to 768 million tonnes.
Published 14 Jan, 2021 07:08pm
Spain to start reducing debt-to-GDP ratio in 2021
World

Spain to start reducing debt-to-GDP ratio in 2021

  • Already in 2021 we expect that, thanks to the strong growth, we will be able to start reducing our deficit and our debt-to-GDP ratio.
  • The budget deficit is likely to have reached the equivalent of 11.3% of GDP in 2020, a government forecast.
Published 14 Jan, 2021 07:00pm
US weekly jobless claims increase more than expected
World

US weekly jobless claims increase more than expected

  • $300 unemployment supplement until March 14 as part of nearly $900 billion in additional relief approved at the end of December.
  • The central bank also noted that the resurgence in the coronavirus was causing staff shortages in the manufacturing.
Published 14 Jan, 2021 06:55pm
Progress stalls in Afghan peace talks as sides await Biden
World

Progress stalls in Afghan peace talks as sides await Biden

  • After a month-long break, some negotiators from both sides have yet to return to Doha, the Qatari capital that has served as venue for negotiations between the Afghan government and the insurgents to end decades of war.
  • In an agreement reached last year, Trump, who had long promised to end America’s longest war, signed the United States up to a full withdrawal in coming months.
Published 14 Jan, 2021 06:54pm
Brazil to start COVID-19 vaccinations on Jan. 21, says senator
World

Brazil to start COVID-19 vaccinations on Jan. 21, says senator

  • President Jair Bolsonaro, who has been lambasted for overseeing the world's second deadliest coronavirus outbreak after the United States.
  • Two vaccines - one made by AstraZeneca and another developed by China's Sinovac Biotech - will form the bedrock of the government's vaccination plan.
Published 14 Jan, 2021 06:53pm
China denies entry to two WHO team members after tests, WSJ says
World

China denies entry to two WHO team members after tests, WSJ says

  • Chinese officials blocked the duo from boarding their plane to the central Chinese city of Wuhan after they tested positive for the antibodies in blood-based serology tests during transit in Singapore.
  • “Relevant epidemic prevention control requirements will be strictly enforced,” says Chinese FM spokesperson.
Published 14 Jan, 2021 06:45pm
Norway expects slower oil output growth in 2021-2023
Markets

Norway expects slower oil output growth in 2021-2023

  • The Norwegian Petroleum Directorate (NPD) expects oil production to grow by 3.6% this year to 1.76 million barrels per day (bpd).
  • The forecast for 2024 was meanwhile raised by 2.6% to an expected 16-year high of 2.1 million bpd.
Published 14 Jan, 2021 06:12pm