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Saturday, September 19, 2020

Coronavirus: Sweden starts to debate its public health experiment

The two sides of Sweden’s against-the-grain coronavirus strategy are visible from a small square in north-eastern Gothenburg. On one side lies Gerashus care home, where more than a quarter of residents have died in the past three months, most of them from Covid-19. At the...

IMF must deploy SDRs to enable Africa to Mitigate Virus Economic Impact say Mo Ibrahim

Poor African nations should be allowed to borrow more from the International Monetary Fund’s reserves to help mitigate the economic impact of the coronavirus pandemic, according to Sudanese billionaire Mo Ibrahim. “There’s a lot of goodwill but where is the beef?” Ibrahim said in an...

How Vitol was blindsided by the oil price plunge

First-quarter profits at world’s largest independent oil trader drop 70 per cent

COVID-19: The Regulatory and Supervisory Implications for the Banking Sector

This note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 pandemic and offers an overview of measures taken across jurisdictions to date. The banking sector plays a critical role in mitigating the unprecedented macroeconomic and...

US escalates China tensions with tighter Huawei controls

The Trump administration has tightened export controls targeting Huawei and its suppliers in the global semiconductor industry, adding to the tensions between Washington and Beijing that have flared during the pandemic. In a statement on Friday, the commerce department said that Huawei, the Chinese telecommunications...

Bain acquires huge Tokyo land bank in $817m Showa deal

Bain Capital has completed an $817m deal to acquire Showa Aircraft Industry that buys the Boston-based private equity group a specialised materials business, a Harley-Davidson motorcycle showroom and more than a million square metres of western Tokyo. The purchase will offer Bain access to an...

US bank stocks miss out on Covid-19 rebound

Weak performance is worrying sign for US economy and broader market, say analysts US banks have become the most unloved sector in the stock market rally, as low interest rates and souring loans reflect the economic pain caused by coronavirus. The KBW Bank Index is down...

Style-conscious African Entrepreneurs turn compulsory masks into fashion accessories

by Angela Ukomadu LAGOS, May 15 (Reuters) - Nigerian fashion designer Sefiya Diejomaoh likes to wear bright, bold clothes to match her personality. She believes a global pandemic should not get in the way of her sense of style. The mask she wears, which has become...

BlackRock throws support behind US exchange start-up MEMX

BlackRock has joined a host of Wall Street banks, brokers and high-speed traders throwing their support behind Members Exchange, the new US stock-trading venue mounting a challenge to the New York Stock Exchange and Nasdaq. The world’s largest asset manager is one of five new...

Test, trace, isolate: Governments must do these three things before reopening economies, expert warns

Governments need to implement three things to break Covid-19′s “chains of transmission” before reopening their economies, a global health expert and physician told CNBC. Peter Drobac, director of the Skoll Centre for Social Entrepreneurship at Oxford University, warned on Tuesday that easing lockdowns without taking...
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