If you enjoy pumpkin spice so much you want to slather it all over your face, now you can
If you enjoy pumpkin spice so much you want to slather it all over your face, now you can
"The U.S. Fed's determination to keep interest rates low, which is in line with other major central banks, has also led to dollar-selling," said Rikiya Takebe, senior strategist at Okasan Online Securities. While the greenback will remain under pressure in near term due to prolonged "risk-on" sentiment led by vaccine hopes, Shinichiro Kadota, senior strategist at Barclays, said there were expectations it would firm in the medium term.
U.S. President Donald Trump said on Thursday that delivery of the coronavirus vaccine would begin next week and the week after. Speaking to U.S. troops overseas via video link to mark the Thanksgiving holiday, Trump said the vaccine would initially be sent to front-line workers, medical personnel and senior citizens. Lawmaker Ha Tae-keung said after being briefed by the National Intelligence Service that the agency did not specify how many and which drugmakers were targeted but said there was no damage from the hacking attempts, News1 said.
(Bloomberg) -- China is set to impose anti-dumping duties of more than 100% on Australian wine from this weekend, adding to a series of sweeping trade reprisals this year and further escalating tensions with Canberra.The anti-dumping deposits will take effect Nov. 28 and range from 107.1% to 212.1%, the Chinese Ministry of Commerce said in a statement Friday. Australia responded by warning Beijing that its actions could create a perception among businesses and countries around the world that trade with China is risky.The duties come just three months after China started an anti-dumping and anti-subsidy investigation into Australian wine, and follows a raft of other measures barring imports from coal to copper to barley this year.China is the biggest buyer of Australian wine, importing A$1.2 billion ($880 million) in the year through September, according to government marketing body Wine Australia. That’s 167% more than the value of exports to its next biggest market, the U.S.In response to China’s announcement, Australia said it would seek WTO intervention to defend itself from the tariffs, which Trade Minister Simon Birmingham labeled “grossly unfair, unwarranted, unjustified.”Businesses and countries outside of China viewing Beijing’s backlash against Australia this year would see the “potential that their trade, their businesses, can be disrupted through these sort of unwarranted, unsanctioned actions that frankly don’t stand up,” Birmingham told reporters in Adelaide.Treasury Wine Estates shares tumbled more than 11% after the news, before trading was paused. The company said it’s reviewing details of the provisional measures “as a matter of urgency” in order to update the market. Subsidiary Treasury Wine Estates Vintners is subject to duties as high as 169.3%, according to the Chinese commerce ministry’s statement.Tony Battaglene, head of industry group Australian Grape and Wine, said he plans to respond to the Chinese commerce ministry in the next 10 days. “There must be rationale behind the various tariff rates that were put on so we just have to work through those arguments,” he said.The two nations have been in a deadlock since 2018, when Canberra barred Huawei Technologies Co. from building its 5G network. Adding to grievances is Prime Minister Scott Morrison’s call for an inquiry into the origins of the coronavirus outbreak, a move that bruised China’s pride and unleashed a torrent of criticism that Australia is a puppet of the U.S.Read: Standing Up to China Comes at a High Price for Australia“This latest hit by the Chinese government shows Beijing is determined to teach Australia a lesson that can reverberate globally,” said John Blaxland, a former intelligence officer who’s now a professor in international security at the Australian National University. “While it’s important for Australia not to cave into this pressure, it also shows how the nation’s traders have no option but to quickly recalibrate and diversify their markets.”Morrison sought this week to release some of the pressure, giving a speech that praised China for pulling its people out of poverty. Australia, he said, wants a “mutually beneficial” relationship and insisted his government isn’t siding with the U.S. to contain China. The Ministry of Foreign Affairs in Beijing noted the “positive comments.”“Beijing is saying that Scott Morrison’s speech this past week was simply not enough, and so China wants to keep the trade pressure on,” said James Laurenceson, director of the Australia-China Relations Institute at the University of Technology Sydney.Since the ruling applies to wine shipped to China in containers of as much as two liters, Australian exporters could potentially circumvent the duties by shipping bulk wine to the country and have it bottled there, Laurenceson added, noting that he expected “a good proportion” of the product that the country used to send to China to be sold elsewhere within a year or two.Australia is the world’s most China-dependent developed economy, and the trade issues hit the country in the midst of its first recession in almost 30 years. China won’t be able to import products including coal, barley, copper ore and concentrate, sugar, timber, wine and lobster, people familiar with the situation said earlier this month.Australian wine has already been piling up in the country after China announced two trade probes earlier this year. More than 50 vessels carrying at least $500 million in Australian coal have also been stranded near Chinese ports as the diplomatic spat cut into trade.(Updates with Birmingham comments in 5th, 6th paragraphs)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.
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In October 2003, the first China-made BMW 325i sedan rolled off a new production line owned by the German luxury brand and its joint venture partner, Brilliance, a subsidiary of provincially owned automaker Huachen Group. Over the next nearly two decades, the joint venture was a cash cow for both BMW and Huachen, which is run by the government of the northeastern rust-belt province of Liaoning.
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A woman who lost her right index and middle finger, as well as the top of her thumb, demonstrated in a November 24 TikTok video the use of her rose-gold prosthetic fingers in Centralia, Washington.The video, shot by Natasha Baggett, shows her use of the prosthetics, with Baggett turning a car key, opening compartments on her dashboard, and picking up a cup.“So some people have been asking to see some everyday normal tasks I can accomplish with my prosthetic fingers,” she says in the video. “And I’m testing out this new rose-gold color on my prosthetic and I thought it’d be the perfect chance to show you guys what I can do.”Baggett told Storyful she had an “accident while making a laptop table for a wheelchair-bound boy” last year.“My saw kicked back and sent the board I was working on into the air,” she said. “On the board’s way down, it smacked my hand into the blade.” Credit: Natasha Baggett via Storyful