Andy Behrens is back with the best players to add to your lineup ASAP.
Andy Behrens is back with the best players to add to your lineup ASAP.
The president’s campaign to discredit mail-in ballots has eroded trust in the electoral system. So why are so many people still voting?
You have to squint to see how Biden’s lead won’t hold up on Election Day.
They're examining arcane laws that haven't come into effect in over a century, arguing the other side might challenge the results, sending states into crises.
A Senate hopeful in Maine who would be a spoiler in any other race says the state's unusual voting system will help oust Susan Collins.
Harry says that his wife, Meghan, helped him see the problem but that he now needs to take responsibility for his own education. It's a burden too often placed on people of color.
For years, the Democratic Party has tried to flip the state by focusing on cities and suburbs. But that hasn’t been enough. Could losing by less in the most Republican parts of the state finally turn Texas blue?
(Bloomberg) -- Continental AG said Chief Executive Officer Elmar Degenhart will step down on Friday, citing health reasons, amid a push by the German company to overhaul management and speed up structural changes.Chairman Wolfgang Reitzle plans to make a decision on Degenhart’s successor soon, the Hanover-based manufacturer said late Thursday without elaborating. Bloomberg News reported earlier that Continental has been mulling replacing Degenhart with the head of its core automotive operations, Nikolai Setzer, according to people familiar with the matter, who declined to be identified because the information is private. A spokesman for Continental declined to comment on CEO succession plans.Continental fell as much as 1.9% in early Frankfurt trading, valuing the company at about 18 billion euros ($21 billion).Degenhart, whose contract extends through 2024, has faced criticism for several missteps including communication around the foreclosure of a German tire plant in Aachen as well as an unusually harsh letter to employees in September 2018.Those have undermined some supervisory-board members’ confidence that he is the right executive to lead Europe’s second-largest auto supplier at a time when the industry is facing massive challenges in its shift to electric and autonomous vehicles, some of the people said.Setzer, 49, runs Continental’s large automotive business, and will likely prevail over other internal and external candidates being considered to succeed Degenhart, the people added.Sprawling PortfolioContinental’s management board has nine members, an unusually large number for Germany’s blue-chip DAX index and a reflection of the 150-year-old company’s sprawling portfolio of operations. Chairman Reitzle, a renowned deal maker at industrial-gas company Linde AG and cement firm Holcim AG, has pushed to make Continental more nimble and react faster to technological changes in the industry, some of the people said.Continental’s shares surged to an all-time high in January 2018 after the firm confirmed a Bloomberg News report that the maker of tires, powertrains and conveyor belts was considering options to streamline itself.Management has made little progress with that operational review in the almost three years since then, contributing to the erasure of almost two-thirds of its market value. The rout worsened when Continental and its peers suffered a major blow from the coronavirus pandemic as carmakers shut showrooms and factories for several weeks earlier this year.Rivals’ Spin-OffsInvestors have repeatedly criticized the lack of resolve and speed with which Degenhardt, 61, has addressed the firm’s complex structure. A first step of the intended simplification -- the carve-out and listing of Continental’s combustion-engine-powertrain operations -- was put on hold for an indefinite period.Listing part of the powertrain division would be a step toward making Continental more nimble and hone in on growth areas such as electric vehicles and self-driving features. The unit generated 7.7 billion euros in sales last year and employed more than 40,000 people.Rival auto suppliers have spun off their combustion-engine businesses in recent years to concentrate on electrified powertrains or autonomous-driving technology. Delphi Automotive Plc split itself into two listed companies -- a powertrain unit dubbed Delphi Technologies Plc and a software-focused company called Aptiv Plc -- in late 2017. In a similar move, Sweden’s Autoliv Inc. listed its electronics unit Veoneer Inc. in early 2018.Degenhart has indicated that a listing of its powertrain unit might be just a first step, saying a partial-share sale of a minority stake in its massive rubber division could help fund potential acquisitions that are beyond the company’s current ability to afford.(Updates with shares in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
BUDAPEST, Hungary— The number of coronavirus-related deaths in Hungary rose to an all-time high on Friday, prompting the government to tighten oversight over compliance with regulations to stem the spread of infections. Hungarian health authorities reported that 65 patients died over the past 24 hours, while the number of confirmed new cases jumped to 3,286 from 2,194 on Thursday. The government has not announced new restrictive measures despite the steep rise in infections but Prime Minister Viktor Orban stressed Friday that authorities will hand out fines to everyone failing to wear a mask where required.
The president's son delivered a whopper during a Fox News interview.
The Bombay Stock Exchange (BSE) will consult the market regulator and seek clarifications from Future Retail <FRTL.NS> and Reliance Industries <RELI.NS> about their $3.4 billion transaction, following Amazon's objection to the deal, an exchange source said. Amazon <AMZN.O> on Oct. 25 won an injunction from a Singapore arbitrator to halt Future's deal to sell retail assets to Reliance, arguing the Indian retailer group breached certain contract provisions it entered into last year in a separate deal with the U.S. firm. Amazon has now written to capital markets regulator SEBI, as well as the BSE and the National Stock Exchange, to put the deal on hold in light of the arbitration order, two separate sources said.
Retired British soccer player David Beckham, designer and former Spice Girl Victoria Beckham and their young family are set to be the subject of a £16 million ($20.6 million) fly-on-the-wall Netflix documentary. David Beckham's rise to fame will be documented through personal photographs and video footage of family celebrations and recollections from friends, family and […]
German media report that a fugitive former top executive of payment company Wirecard was an informant for the Austrian spy agency BVT. Munich-based Wirecard filed for protection from creditors in June after executives admitted that 1.9 billion euros ($2.2 billion) listed as being held in trust accounts in the Philippines probably did not exist. The Sueddeutsche Zeitung daily reported Friday that German federal prosecutors have evidence Marsalek was a source for the BVT agency.
(Bloomberg) -- Fresh concerns about the outlook for technology giants fueled a decline in stocks and U.S. equity-index futures on Friday. The yen strengthened.European shares opened lower, with miners among the biggest losers after Glencore Plc, the world’s biggest shipper of coal, reduced its production target for the third time this year. Nasdaq 100 contracts fell nearly 2% following a string of mixed reports from the likes of Amazon.com Inc. and Apple Inc. Shares tumbled across Asia, with stocks in South Korea and Japan faring worst.The S&P 500 had earlier bounced back a day after its biggest rout in four months, with investors encouraged by better-than-forecast economic data even as they kept a wary eye on growing coronavirus infections. Crude oil edged lower.Weakness in technology shares is adding to volatility that’s likely to remain elevated heading into next week’s U.S. election. Global equities are on course for the worst weekly decline since March as lockdown measures in some countries and the lack of an agreement on U.S. stimulus dent sentiment. New U.S. coronavirus cases topped 89,000, setting a daily record.“There is going to be more volatility ahead of the election,” Quincy Krosby, chief market strategist at Prudential Financial Inc., said on Bloomberg TV. “Over the weekend folks are going to be focused on Pennsylvania to see whether or not Biden is gaining there. The concern is if he gains a little bit, that may be one where you could actually look to a contested election.”Here are the main market moves:StocksFutures on the S&P 500 Index fell 1.4% as of 8:16 a.m. London time.The Stoxx Europe 600 Index decreased 0.5%.The MSCI Asia Pacific Index sank 1.3%.The MSCI Emerging Market Index dipped 1.1%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro gained 0.1% to $1.1681.The British pound was little changed at $1.2933.The onshore yuan strengthened 0.3% to 6.697 per dollar.The Japanese yen strengthened 0.3% to 104.33 per dollar.BondsThe yield on 10-year Treasuries decreased less than one basis point to 0.82%.The yield on two-year Treasuries gained less than one basis point to 0.15%.Germany’s 10-year yield advanced two basis points to -0.62%.Britain’s 10-year yield gained two basis points to 0.241%.Japan’s 10-year yield jumped one basis point to 0.042%.CommoditiesWest Texas Intermediate crude decreased 0.1% to $36.14 a barrel.Brent crude dipped 0.2% to $37.56 a barrel.Gold strengthened 0.3% to $1,873.97 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Fans living in Japan who bought tickets for the postponed Tokyo Olympics have been guaranteed refunds, the local organizing committee said Friday. This does not apply to fans who have purchased tickets outside Japan through so-called Authorized Ticket Resellers appointed by national Olympic committees. Many have already set terms for refunds, which vary by nation or territory.
Asian markets tumbled Friday with investors spooked by soaring virus cases in Europe and the United States that have forced fresh lockdowns, while uncertainty ahead of next week's US election was also dampening sentiment.
On Oct 26, 2020, the Financial Times (FT) released its annual Executive MBA Ranking. Four programs from School of Management of Fudan University (FDSM) were nominated among the top 40 in the world, steadily improving upon their ranking over the years.
(Bloomberg) -- The French and Spanish economies surged in the third quarter, a rebound that’s now being derailed by an intensifying pandemic and new government restrictions across Europe on businesses.Both France’s 18.2% jump in output and Spain’s 16.7% beat the median expectations of economists. But the bounce backs follow huge slumps in the previous three months, when activity came to a near halt amid efforts to contain the pandemic. Similar figures are due for Germany and the euro area later on Friday.More up-to-date indicators paint a far gloomier picture, and the bloc’s economy is now at risk of slipping back into recession. The European Central Bank has acknowledged the increasing danger and signaled it will pump more stimulus into the economy in December.Key Developments:ECB pushes governments to get on with spendingFrance says second lockdown will cut output by 15%FRANCE REACT: Strong rebound masks steep contractionaheadClick TECO for more of today’s main economic news. See BECO for analysis from Bloomberg Economics and click here to subscribe to our Supply Lines newsletter.Austrian GDP, French inflation (9 a.m. CET)The Austrian economy grew 11.1% in the third quarter following a 12.1% slump in the previous three months, deeper than previously estimated. In France, there was disappointing inflation news, with price growth stagnating in October. Euro-area data due later Friday is forecast to show the inflation rate in the 19-country bloc at -0.3%, below zero for a third month.Spanish economic growth rebounded after lockdown (9 a.m.)Spain’s third-quarter performance followed the lifting of a strict lockdown that sent GDP plunging almost 18% in the previous three months. The country is on track for one of the euro-area’s deepest contractions this year. It’s been particularly hard-hit by the pandemic because of its dependence on the now-suffering tourism industry, the relatively small size of its companies -- which leaves them financially vulnerable -- and difficulties in the labor market.ECB’s Holzmann urges look at all options (8:34 a.m. CET)ECB Governing Council member Robert Holzmann says it’s right to assume Lagarde signaled more stimulus, but a final decision will be made at the December meeting. He downplayed the effectiveness of another interest-rate cut and said the ECB may have to be innovative.“We put a lot of money on the table but inflation hardly moved,” he said on Bloomberg Television. “There is a rising recognition that quantity by itself doesn’t do the trick. You have to look more into the structure and see how this can be fine tuned.”German Retail Sales (8 a.m. CET)The closure of bars, restaurants and some stores across parts of Europe means domestic demand will take a big hit this quarter. That side of the economy was already looking a bit wobbly. German retail sales fell a bigger-than-expected 2.2% in September, while earlier figures showed French consumer spending dropped 5.1%, leaving it below its pre-crisis level.French GDP (7:30 a.m. CET)All parts of the French economy rebounded sharply, with a particularly strong surge in consumer spending to a level only 2.1% below the third quarter of 2019. The recovery in investment was less vigorous, reaching a level 5.1% below last year’s.The country will aim to limit the drop in economic activity during the country’s second lockdown -- starting Friday -- to 15%, half the decline recorded in the spring, according to French Finance Minister Bruno Le Maire. The government is reactivating a solidarity fund to help companies weather the crisis.Coming Up (all times CET):ECB Survey of Professional Forecasters (10 a.m.)German GDP (10 a.m.)German government updates economic forecasts (10 a.m.)Italian GDP (10 a.m.)Portugal GDP (10:30 a.m.)Euro-area inflation, GDP (11 a.m.)ECB policy makers Holzmann, Mersch, Visco, Guindos, Weidmann speakFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
DNAFit Life Sciences Limited ("DNAFit"), a wholly owned UK entity of Hong Kong based Prenetics Limited ("Prenetics"), has acquired Oxsed, a social venture company which has developed a rapid COVID-19 testing platform based on research from Oxford University.
Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its un-audited operating results for the third quarter of 2020. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs") on a consolidated basis.
China's Alibaba Group Holding Ltd will kick off its mega-shopping extravaganza "Singles Day" early this year, a move that will likely see a big jump in its sales as the easing of the country's COVID-19 pandemic drives an economic rebound. The tech giant will offer two check out periods - a new one from Nov. 1-3 and its traditional 24-hour shopping window on Nov. 11. This year's blitz is being watched as a barometer for how strong consumer appetite is rebounding in China, amid signs that a recovery in household spending has started broadening.