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COVID-19 TOTAL DAILY
Ford sells struggling Brazil factory
Business

Ford sells struggling Brazil factory

  • A previous agreement to sell the factory in Sao Bernardo do Campo, which makes the poor-selling Ford Fiesta as well as buses, to Brazilian automaker CAOA fell through last year.
Updated 31 Oct, 2020 09:01pm
Libya oil production rises to 800,000 bpd
Markets

Libya oil production rises to 800,000 bpd

  • Libya's National Oil Corp (NOC) on Monday ended force majeure on the last facilities closed by an eight-month blockade of oil exports by eastern forces.
  • The blockade in January slashed the OPEC member's oil production to around 100,000 bpd from 1.2 million bpd.
Updated 31 Oct, 2020 08:25pm
Erdogan says Turkey in economic war against interest, exchange rates
World

Erdogan says Turkey in economic war against interest, exchange rates

  • Erdogan, a self-described enemy of high interest rates, has said they cause high inflation, and has repeatedly called for lower borrowing costs.
  • Turkey's lira has lost around 30 percent of its value this year, and economists expect the central bank to continue hike rates after a 200 bps hike last month.
Published 31 Oct, 2020 06:07pm
Former James Bond actor Sean Connery dies aged 90
Life & Style

Former James Bond actor Sean Connery dies aged 90

  • Connery was raised in near poverty in the slums of Edinburgh and worked as a coffin polisher.
  • He would introduce himself in the movies with the signature line, "Bond - James Bond." But Connery was unhappy being defined by the role and once said he "hated that damned James Bond".
Published 31 Oct, 2020 05:53pm
Commission cuts EU-27 maize crop estimate to 60mn tonne
Markets

Commission cuts EU-27 maize crop estimate to 60mn tonne

  • A hot, dry summer in some major grain growing areas in the bloc lead several forecasters to severely reduce their estimates for crops such as maize (corn).
  • The EU executive left unchanged its forecast for EU-27 exports of common wheat, or soft wheat.
Published 31 Oct, 2020 05:38pm
US doctors lie about COVID-19 deaths for money: Trump
World

US doctors lie about COVID-19 deaths for money: Trump

He said that in Germany and other countries, when a person who dies from cancer or any other terminally ill disease, he is said to have died from that same disease. However, when it comes to doctors in the US, they lie and say the patient died of the coronavirus.
Published 31 Oct, 2020 03:10pm
ECC Agrees to Cut Telecom Sector Taxes
Business

ECC Agrees to Cut Telecom Sector Taxes

  • The Economic Coordination Committee (ECC) of the Cabinet has agreed to reduce taxes in the Telecommunications sector by setting a sub-committee to resolve this issue.
Published 31 Oct, 2020 02:50pm
Ships carrying wheat, sugar arrive in Pakistan
Business

Ships carrying wheat, sugar arrive in Pakistan

  • Pakistan is facing some 2.5 to 3 million metric tons shortage of wheat due to lower crop output during this season. Initially, the federal government allowed duty-free import of 3 million tons of the commodity including 1.5 million tons through TCP and the same quantity allocated to the private sector.
Published 31 Oct, 2020 11:39am
US plans to sell 50 F-35 jets to UAE
Business

US plans to sell 50 F-35 jets to UAE

  • The UAE, has long expressed its intention in acquiring the stealthy F-35 jets and was promised a chance to buy them in a side deal when it agreed to normalize relations with Israel.
Published 31 Oct, 2020 10:51am
Chevron, Exxon shrink spending as coronavirus cuts demand
Business

Chevron, Exxon shrink spending as coronavirus cuts demand

  • In common with others in the sector, the two are laying off a substantial portion of their workforce and expect to cut costs further as they try to reverse years of weak stock performance, worsened by the impact of movement restrictions.
Published 31 Oct, 2020 10:06am