Business Today

Coronavirus newest: Lockdown to push French financial system down 12% in November

US president-elect Joe Biden plans to identify a job power to take care of the coronavirus pandemic earlier than he takes workplace as he tries to get a grip on the greater than 100,000 new instances a day reported nationwide. He’s anticipated on Monday to announce a 12-member crew to sort out the virus.

Mark Meadows, the White Home chief of employees, contracted Covid-19 simply weeks after US president Donald Trump got here down with the virus. Mr Meadows, a former North Carolina congressman, was identified in the future after the November 3 election, in accordance with a former senior White Home official.

Development in China’s exports jumped to its highest stage in additional than a yr and a half in October. Exports from the world’s second-biggest financial system beat analysts’ expectations to rise 11.4 per cent year-on-year throughout the month, official knowledge confirmed on Saturday, the strongest progress price since March 2019.

The variety of Canadians with extreme types of Covid-19 continues to rise, in accordance with its chief medical officer. Theresa Tam mentioned on the weekend that 1,200 folks with Covid-19 had been being handled in hospitals within the week ending November 5, up from 1,107 the earlier week and 1,010 the week earlier than.

On-line trend retailer Farfetch has clinched $1.1bn in funding from Chinese language tech large Alibaba and Swiss watch and jewelry group Richemont, in an indication that the pandemic is accelerating the shift of the business’s centre of gravity to Asia and making digital promoting rather more essential.

Pret A Manger, Hugo Boss and the UK’s largest impartial toy retailer have been threatened with authorized motion by procuring centre landlord Westfield over unpaid hire as England enters a second lockdown. “It’s … not an inexpensive motion for a landlord to take,” mentioned Gary Grant, chairman of The Entertainer, a toy chain.

Thai competitors authorities have approved CP’s $10.6bn takeover of Tesco’s south-east Asian operations. The British grocery store group plans to return £5bn to buyers through a particular dividend, a payout more likely to show controversial, given each its dimension and the backdrop of the UK’s coronavirus pandemic.

Uber missed Wall Street forecasts because the pandemic weighed on the corporate’s ride-sharing revenues. The corporate narrowed its third-quarter losses to $1.09bn, marginally worse than analysts’ estimates of $1.02bn, in accordance with S&P Capital IQ knowledge. Total income fell 18 per cent, worse than anticipated.

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