For the second time this year, policymakers from Dublin to Rome are preparing to release Covid-19 lockdowns – and ‘save Christmas’ for the family reunions of 500 million Europeans. Except this time they avoid calling it a reopening.
The restrictions put in place in late October across Europe are starting to bear fruit, with a slowdown in new infections recorded in most countries, according to data tracked by the Financial Times. This is fueling calls from retailers to end mandatory closings of stores deemed non-essential during the top-grossing trade month of the year. But unlike the summer, European governments are warning there will be no large-scale easing of restrictions.
The UK, France and Ireland are among the countries where lockdowns expire in early December. They said they would only ease restrictions gradually after being too lax the first time around.
British ministers agreed that before the Christmas season a stricter tier system will be introduced. Some mixing between households for a “small number of days” during the holiday season will be allowed, but ministers stressed that Christmas would not be “normal” this year.
Meanwhile, Chancellor Rishi Sunak has paved the way for steep tax hikes, warning that Wednesday’s spending review will expose the “economic shock” of the pandemic.
In the USA, millions plan to travel for Thanksgiving this week, despite the country approaching 200,000 positive virus cases per day. (FT, CNN)
Follow our monitoring the global economic recovery and our live blog for the latest developments.
In the news
Trump’s legal options dwindle The possibilities for Donald Trump to challenge his electoral defeat are set to narrow considerably, with three battlefield states worn by Joe Biden due to certify their results following a landslide weekend defeat for the Trump campaign, which was also Sunday called for a second recount of Georgia’s ballots. (FT, NPR)
Investors reassess China’s tech sector Investors are reviewing their record holdings of mainland internet companies after Beijing offered to sweep new antitrust rules for China’s tech industry. “I believe the bullish race in China’s tech sector has stopped,” said Wong Kok Hoi, chief investment officer of Singapore-based APS Asset Management. (FT)
The SK group is moving away from fossil fuels South Korea’s third-largest company has pledged to end all new overseas oil and gas investment and cut its carbon emissions by two-thirds, as it plans a transformation away from fossil fuels. (FT)
Japan Asia Group takeover faces a militant challenge The management buyout of a small green power and tech group has put one of the world’s largest private equity firms, Carlyle, on a collision course with the family of the most activist investor. notorious of Japan. Analysts predict that after decades of almost total absence of hostile takeovers, Japan is on the brink of change. (FT)
Ethiopia tells Tigrayans to ‘save themselves’ The Ethiopian military has said it plans to strike the town of Mekelle with heavy artillery, warning civilians to leave or take cover ahead of a dangerous new phase of the two-week-old civil conflict. (FT)
Deutsche Bank seeks to expand its payments business Germany’s largest lender, Deutsche Bank, is looking for buyouts and joint ventures to help it achieve its goal of becoming a major force in Europe’s rapidly consolidating payment processing industry. Find out more in our weekly #fintechft newsletter delivered on Monday. Register here. (FT)
China seeks first moon rock recovery since the 1970s China will launch an unmanned spacecraft to the moon this week for recover moon rocks – a first for any nation in 50 years. If successful, China will only join the then US and Soviet Union to collect lunar samples. (Reuters)
Winner of the Booker Prize Douglas Stuart won the Booker Prize 2020 for his first novel Shuggie Bath. Here are the three shortlisted authors for the FT and McKinsey’s 2020 Bracken Bower Award for Best Business Book Proposal; read excerpts from their proposals here. (FT)
The coming days
South Korea export data Figures released on Monday will provide an indicator of the health of world trade. Get the latest news with our global economic recovery tracker.
Dame Elizabeth FCA Report Former High Court Judge Elizabeth Gloster will release a report on Monday on how the Financial Conduct Authority handled the collapse of London Capital & Finance investment fund. His account of the mini-bond scandal has been blocked more than once by the FCA’s delays in disclosing information. (FT)
What else do we read
The future of HK as the financial center of Asia Singapore and Tokyo are on the verge of seizing opportunities, but China’s shadow looms large, writes Leo Lewis.
Despite the coldness of Beijing’s new national security law, the disappearance of the territory as a financial center is a theory awaiting a real test. Xi Jinping’s goal of doubling the Chinese economy is a fantasy, writes Michael Pettis. (FT)
The race to find a green energy storage solution Renewable energies such as wind and solar are increasingly cheaper than fossil fuels in most parts of the world, but they need storage to be a viable and stable source of energy. As billions are invested in renewables, there is a race to produce enough storage batteries. (FT)
Corporate America’s deal with the devil When Donald Trump passed deep corporate tax cuts, big business backed the president. Now, as CEOs reflect on how to respond to Mr. Trump’s unsubstantiated allegations of electoral fraud, it’s a bit “too little, too late,” writes Rana Foroohar. Erika James, the new dean of the Wharton Business School faces cultural wars on campus. (PhD, NOW)
Loneliness and me Rather horrifying, the isolation the pandemic has imposed this year is not that different from my normal life, writes Claire Bushey. Millions of us lived with this curse long before the pandemic. With empty office buildings, the lonely working lives of office security personnel are often forgotten. (FT)
A difficult road for the top New Zealand diplomat Nanaia Mahuta, the first Maori woman appointed Minister of Foreign Affairs in New Zealand, already faces a loaded portfolio on geopolitics and climate. In China, a delicate balance quickly becomes more complex. (FT)
How Xi ruined it Donald Trump’s presidency gave Xi Jinping a a unique opportunity to expand the influence of China at America’s expense. Four years later, that hasn’t happened and a Joe Biden administration makes it even less likely. (Atlantic)
Taylor Swift’s catalog sold to private equity group News this week that a private equity group has bought former Taylor Swift masters and that bidders are lining up to buy book publisher Simon & Schuster, highlights the value of back catalogs, writes John Gapper. (FT)
Could you restore an abandoned house? The Ultimate Lockdown Distraction Therapy: Restoring a Heap of Legacy. Take Horse Sand Fort, this 61m diameter man-made island costing £ 750,000 was built to stop the invasion of Napoleon III. A potential buyer has considered converting it to a legalized marijuana farm. But intrepid renovators need dedication and seriousness. (FT)
Podcast of the day
Simon Schama on the call to culture Simon Schama is one of the greatest historians and art historians in the world. He joins Culture Call host Lilah Raptopoulos to talk about Joe Biden’s victory after a tumultuous election and colonialism. They are joined from Lagos by West Africa correspondent Neil Munshi. Listen on FT.com, Spotify, or Apple podcasts. (FT)
Illustration of the day
Banx: Two weeks after losing the election, Trump still denounces the fraud
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]