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January 16, 2021

Western Europe

Britain tightens borders to keep out new COVID-19 strains

Reuters
Passengers from international flights arrive at Heathrow Airport, following the outbreak of the coronavirus disease (COVID-19), London, Britain January 15, 2021. REUTERS/Matthew Childs LONDON (Reuters) – Britain is tightening border controls to prevent new strains of COVID-19 coming into the country, suspending all the ‘travel corridor’ arrangements that had meant......

PRECIOUS-Gold falls 1% as dollar accelerates rally

Reuters
(New throughout, adds analyst comments, updates prices) * Powell sees no reason to alter Fed's accommodative stance * Platinum falls as much as 4.4%, silver down 3.8% * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa By Shreyansi Singh Jan 15 (Reuters) - Gold prices slumped more than 1% on......

Italy’s Conte seeking stray senators to save struggling coalition

Reuters
ROME (Reuters) – Italian Prime Minister Giuseppe Conte worked the phones on Friday, trying to secure enough votes in parliament to allow him to stay in power after a junior ally quit the cabinet this week. Italian Prime Minister Giuseppe Conte leaves the ceremony marking the rotation of the General......

Wells Fargo posts higher quarterly profit

Reuters
FILE PHOTO: Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon (Reuters) – Wells Fargo & Co reported a higher quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during......

Scientists think vaccines will work on Brazil COVID variant: UK minister

Reuters
FILE PHOTO: Britain’s Transport Secretary Grant Shapps walks outside the Cabinet Office in London, Britain September 29, 2020. REUTERS/Hannah McKay LONDON (Reuters) – Britain’s transport minister said scientists think that COVID-19 vaccines will work on a new variant of the coronavirus found in Brazil and a decision to ban flights......

UK economy shrinks by 2.6% in November, first drop since April

Reuters
FILE PHOTO: Workers cross London Bridge with The Shard skyscraper seen behind on a foggy morning, in the City of London financial district, amid the spread of the coronavirus disease (COVID-19), London, Britain, December 7, 2020. REUTERS/Toby Melville LONDON (Reuters) – Britain’s economy shrank by 2.6% in November, the first......

UK records 1,248 new COVID-19 deaths, down from record level

Reuters
By Reuters Staff 1 Min Read LONDON, Jan 14 (Reuters) – Britain reported 1,248 new deaths within 28 days of a positive COVID-19 test on Thursday, down from a record high of more than 1,500 seen the previous day. (Reporting by William James Editing by Chris Reese) Our Standards: The......

Commerzbank tells German lawmakers it was a victim of Wirecard fraud

Reuters
FILE PHOTO: A company logo is pictured at the headquarters of Germany’s Commerzbank AG during the annual results news conference in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski BERLIN (Reuters) – A top manager at Commerzbank told German lawmakers on Thursday the bank was a victim of fraud surrounding the......

Russian athletes propose ‘Katyusha’ folk song to replace anthem: reports

Reuters
MOSCOW (Reuters) – Russian athletes on Thursday proposed playing patriotic folk song ‘Katyusha’ at international sporting events for the next two years, while Russia’s national anthem is banned over doping violations, news agencies reported. FILE PHOTO: Sofya Velikaya, Chairman of the Athletes’ Commission of the Olympic Committee of Russia, attends......

ASML CEO sees U.S.-China trade antagonism outlasting Trump

Reuters
AMSTERDAM (Reuters) – ASML CEO Peter Wennink expects further antagonism between the United States and China over semiconductor technology, even as a new administration is set to take over in Washington, he told the Reuters Next conference on Thursday. FILE PHOTO: ASML CEO Peter Wennink attends a news conference after......

U.S. turmoil an ‘alarm’ for Western democracies, says France’s Le Maire

Reuters
PARIS (Reuters) – The political turmoil in the United States, where Donald Trump on Wednesday became the first president in U.S. history to be impeached twice, has served as an alarm to Western democracies, France’s finance minister said on Thursday. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire,......

Foreign takeover of Carrefour a ‘major difficulty’ for govt, says Le Maire

Reuters
FILE PHOTO: Bruno Le Maire, French Minister of the Economy, Finance, and Recovery, wearing a protective face mask, leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, October 21, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French Finance Minister Bruno Le Maire said a foreign company purchasing......

France’s Le Maire says 6% growth target for 2021 not out reach

Reuters
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a news conference on the country’s COVID-19 situation at the French Health Ministry in Paris, France November 12, 2020. Ludovic Marin/Pool via REUTERS PARIS (Reuters) – Finance Minister Bruno Le Maire on Thursday said a growth forecast of......

Renault hikes cost savings goal, eyes margin growth

Reuters
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Vertou, near Nantes, France, January 13, 2021. REUTERS/Stephane Mahe PARIS (Reuters) – French automaker Renault on Thursday hiked its cost savings target by 500 million euros ($608 million) to 2.5 billion euros by 2023, and set goals......

EU watchdog says some banks trying to circumvent rules after Brexit

Reuters
LONDON (Reuters) – Some banks outside the European Union are trying to circumvent rules on offering investment services to customers in the bloc, the European Securities and Markets Authority said on Wednesday. “With the end of the UK transition period on 31 December 2020, some questionable practices by firms around......

FOREX-Dollar buoyed as Treasury yields stabilise

Reuters
* Dollar index trades higher * Sterling gains * Euro, Aussie and Kiwi down * Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, Jan 13 (Reuters) – Stabilising U.S. Treasury yields helped the dollar trade back in positive teritory on Wednesday, though investors remained bearish on the currency’s near-term prospects. Benchmark 10-year......

Germany will have coronavirus restrictions beyond January: minister

Reuters
FILE PHOTO: A sign reads “terrace closed, don’t sit down” in front of a closed restaurant as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 8, 2021. REUTERS/Kai Pfaffenbach BERLIN (Reuters) – Germany will not be able to lift all measures aimed......

Germany’s confirmed coronavirus cases rise by 19,600 – RKI

Reuters
BERLIN, Jan 13 (Reuters) – The number of confirmed coronavirus cases in Germany increased by 19,600 to 1,953,426, data from the Robert Koch Institute (RKI) for infectious diseases showed on Wednesday. The reported death toll rose by 1,060 to 42,637, the tally showed. (Reporting by Berlin Newsroom Editing by Shri......

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