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LONDON (Reuters) - British food banks are seeing more families needing their support as the impact of the COVID-19 pandemic forces struggling people to seek help, charities and volunteers say. The rise in those out of work has resulted in more people turning to food banks, which provide emergency food supplies to families in need. The Trussell Trust, which runs more than 1,300 food bank centres across Britain, says it provided 1.2 million food parcels between April and September, with a huge rise in people needing its support for the first time. It forecasts there will be a 61% increase in food parcels required across its network from October to December, the equivalent of six parcels given out every minute. “The ideal would be for the government obviously to up everybody’s payment that they get every week to a reasonable amount where they don’t have to then seek help from food banks,” said Sahar Beg, chief executive of the Tooting Community Kitchen.
Persons: COVID, they’re, , Vilma Tunylaite, it’s, Alexander Shahid Khan, Sahar Beg Organizations: Bank of England Locations: London, Britain, Tooting
Euro heads for best week in a month as dollar struggles
  + stars: | 2020-12-04 | by ( ) www.cnbc.com + 0.00   time to read: +4 min
A picture taken on April 18, 2007 in London shows a woman holding Euro and US dollar notes. The common currency is up 1.5% for the week so far and last sat comfortably at $1.2140. The euro is also set for its best week against the Japanese yen in six months, even though the yen rose a little against a broadly weaker dollar overnight. The Australian dollar struck a 28-month high of $0.7449 overnight and is up nearly 0.8% for the week so far. The New Zealand dollar made a fresh 31-month high overnight and is set for its fifth consecutive weekly gain, a streak which has put it 8.6% above late-September lows.
Persons: Sterling, Jane Foley, seasonality, Sharon Zollner, David Croy, , Chris Weston, Michel, Barnier Organizations: ., European Central Bank, Rabobank, Federal Reserve, New Zealand, ANZ Bank's Locations: London, United States, Melbourne
NEW YORK/LONDON/MELBOURNE/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Europe’s largest airline boosted its 737 MAX order from Boeing to 210, adding 75 aircraft, the U.S.-based manufacturer said on Thursday. And if Ryanair proves to have been too ambitious, it can prolong delivery and payment to Boeing. Richard’s bid gives Orange Belgium an enterprise value of nearly 1.6 billion euros, including its estimated 274 million euros of debt. But global luxury sales will still be between $40 billion and $80 billion below pre-pandemic levels next year, says McKinsey.
Persons: Angus Mordant, Robert Cyran, Boeing’s, it’s, can’t, Lauren Silva Laughlin, Brent, George Hay, Richard, Franco, Patrick Drahi, Drahi’s, Ed Cropley, Valery Giscard d’Estaing, Francois Mitterrand, Giscard, Tom Wolfe’s, Sherman McCoy, “ Giscards, Christopher Thompson, Peter Jackson, Draftkings, Jackson, Liam Proud, Morgan Stanley, Aimee Donnellan, What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: Reuters, Corona, REUTERS, Chevron, Boeing, Exxon Mobil, Ryanair, SCORE, of, Petroleum, Saudi, United Arab Emirates, U.S, drillers, Paris, Orange, FRANCE, Socialist, United, Portland Estates, Qantas Airways, Qantas, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Pershing Square Holdings, Euronext Amsterdam, London Stock Exchange Locations: MELBOURNE, MILAN, Loving County , Texas, U.S, Europe’s, Russia, Saudi Arabia, UAE, ORANGE, France, Belgium, Brussels, Belgian, Orange Belgium, Amsterdam, , American, Dublin, confinements, United Kingdom, Germany, Italy, Spain, Portland, Paris, London, Oslo, China, Middle Kingdom, Europe
Brexit trade talks going backwards: Sky News
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: EU chief negotiator Michel Barnier wearing a face mask arrives for Brexit talks in London, Britain, November 29, 2020. REUTERS/Toby MelvilleLONDON (Reuters) - The trade talks between Britain and the European Union have gone backwards and the expectation that the bloc’s Brexit negotiator Michel Barnier would return to London over the weekend to seal a deal may not be fulfilled, Sky News said on Thursday. “Despite intense negotiations over past 24 hours (fuelled by pizza and sandwiches) told by UK source that ‘talks have gone backwards a bit today’,” Sky’s political editor Beth Rigby said on Twitter. Rigby said an EU source said the expectation was Barnier would return to Brussels and then come back to UK over the weekend to close a deal, but the disagreements mean this may no longer happen.
Persons: Michel Barnier, Brexit, Toby Melville LONDON, , Beth Rigby, Rigby Organizations: REUTERS, European Union, Sky News, Twitter Locations: London, Britain, EU, Brussels
LONDON (Reuters) - Anthony Fauci, the top U.S. infectious diseases expert, criticized UK regulators on Thursday for the swift approval of Pfizer Inc’s COVID-19 vaccine, a day after the authorization was announced in London. FILE PHOTO: Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies during the House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., U.S., July 31, 2020. Kevin Dietsch/Pool via REUTERS/File PhotoBritain’s Medicines and Healthcare products Regulatory Agency (MHRA) said on Wednesday it had conducted a thorough assessment of the vaccine before granting its emergency use. He said the U.S. Food and Drug Administration was the regulatory gold standard and that the agency was assessing the vaccine data very carefully, which he called appropriate. “Because if we did anything that was cutting corners and rushing, we have enough problems with people being sceptical about taking a vaccine anyway,” Fauci said.
Persons: Anthony Fauci, Pfizer Inc’s, Kevin Dietsch, they’re, ” Fauci, Fauci, Donald Trump, Joe Biden’s Organizations: Pfizer, Pfizer Inc’s COVID, National Institute for Allergy, Washington , D.C, Medicines, Healthcare, Agency, U.S . Food, Drug Administration, White Locations: London, Washington ,, U.S
FILE PHOTO: European Union chief Brexit negotiator Michel Barnier and British Prime Minister's Europe adviser David Frost are seen at the start of post-Brexit trade deal talks between the EU and the United Kingdom, in Brussels, Belgium March 2, 2020. Oliver Hoslet/Pool via REUTERSLONDON (Reuters) - The trade talks between Britain and the European Union suffered fresh problems on Thursday afternoon with the European bloc introducing new elements to the talks, the BBC’s political editor Laura Kuenssberg said. “Sounds like Brexit talks have gone worse this afternoon,” she said on Twitter. “A senior govt source says ‘at the eleventh hour, the EU is bringing new elements into the negotiation. A breakthrough is still possible in the next few days but that prospect is receding’,” she said.
Persons: Michel Barnier, David Frost, Oliver Hoslet, Laura Kuenssberg, , Organizations: Union, EU, REUTERS LONDON, European Union, Twitter Locations: Europe, United Kingdom, Brussels, Belgium, Britain
Barnier due to update EU envoys on Brexit on Friday: sources
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: EU chief negotiator Michel Barnier, wearing a protective mask, arrives for Brexit talks in London, Britain December 3, 2020. REUTERS/Henry NichollsBRUSSELS (Reuters) - The European Union’s Brexit negotiator Michel Barnier is due to update 27 national envoys to the bloc’s hub Brussels on the latest in talks with the UK on Friday afternoon, three diplomatic sources said. The briefing was tentatively scheduled for 1500 or 1600 GMT, the sources said, though they did not know if that would be to announce a deal with the UK or conclude that gaps were still there and negotiations would need to go on.
Persons: Michel Barnier, Brexit, Henry Nicholls BRUSSELS Organizations: REUTERS Locations: London, Britain, Brussels
(Reuters) - Britain will pay individuals who suffer any severe side-effects from COVID-19 vaccines under an existing programme, the government said on Thursday, ahead of a rollout of Pfizer and BioNTech’s vaccine in the country following emergency approval. A man wearing a protective mask uses a phone at a bus stop, amidst the spread of the coronavirus disease (COVID-19), in London, Britain December 3, 2020. REUTERS/Henry NichollsCOVID-19 will be added as a "precautionary step" to the list of diseases covered for potential liabilities under the Vaccine Damage Payments Scheme (VDPS), the Department of Health and Social Care said. It would be much better if the government set up a bespoke scheme for COVID-19,” said Duncan Fairgrieve, of the British Institute of International and Comparative Law. Britain said it would continue to monitor the safety of Pfizer and BioNTech’s vaccine after the country on Wednesday became the first in the Western world to approve a COVID-19 vaccine.
Persons: Henry Nicholls COVID, Britain's VDPS, , Duncan Fairgrieve Organizations: Reuters, Pfizer, REUTERS, Department of Health, Social Care, British Institute of International, Comparative Law, Wednesday, European Union Locations: Britain, COVID, London
FILE PHOTO: A sign is pictured in front of the Vitol Group trading commodities company building in Geneva October 4, 2011. Vitol, run out of London, is the world’s largest independent oil trader, trading some 8 million barrels of oil a day. The energy trader will pay the Department of Justice (DOJ) a criminal penalty of $135 million to resolve the probes. Prosecutors said the bribes went to employees at Mexico’s state-run Pemex and Ecuadorian state oil company Petroecuador. Brazilian prosecutors announced in late 2018 that they were investigating Petrobras’ oil deals with trading houses, including the world’s biggest oil traders - Vitol, Trafigura and Glencore.
Persons: Denis Balibouse, “ Vitol, Seth DuCharme, Vitol, , Russell Hardy, MEXICO Vitol, Prosecutors, Pemex, Michael “ Mike ” Loya, Loya, Trafigura Organizations: Reuters, U.S ., U.S . Department of Justice, Vitol, REUTERS, of, of Justice, Futures Trading Commission, DOJ, Petroleo Brasileiro SA, Petrobras, FBI Locations: Brazil, Geneva, Swiss, London, Ecuador, Mexico, Eastern, of New York, ECUADOR, MEXICO, Mexico’s, U.S
MONTREAL/SYDNEY (Reuters) - Aviation industry opposition to requiring mandatory COVID-19 vaccination for passengers has intensified as impending drug approvals trigger a debate over their role in air travel. Qantas Airways triggered the debate last week when it said a COVID-19 vaccination would be necessary for passengers on its international flights, which remain largely idle because of Australia’s strict border controls. Shukor Yusof, head of Malaysia-based aviation consultancy Endau Analytics, said Southeast Asian countries would take different approaches on vaccine requirements. [L1N2II0FV]Australian Prime Minister Scott Morrison called on Thursday for a common set of global recognitions for COVID-19 vaccines. “The other issue about mandatory vaccines is going to be well what vaccine did you get?” Freedman said.
Persons: Toby Melville, Luis Felipe de Oliveira, Alan Joyce, , Alexandre de Juniac, Shukor Yusof, Chen Shih, Scott Morrison, Dr David Freedman, Freedman, ” Freedman Organizations: Aviation, Heathrow Airport, Britain, REUTERS, International, Qantas Airways, Reuters, Qantas, IATA, Endau, Taiwan Health, University of Alabama Locations: MONTREAL, SYDNEY, London, Britain, Europe, Australia, United States, Malaysia, U.S, Birmingham
FILE PHOTO: A fishing boat sails in front of wind turbines through the Thyboron Canal in Jutland, Denmark, March 14, 2019. REUTERS/Andrew KellyLONDON (Reuters) - A Sky News reporter said on Thursday EU sources had told him there had been some progress on the issue of fishing rights, one of the main areas of disagreement in trade talks between Britain and the European bloc. “EU sources suggest progress on fishing rights, based around this idea: UK fishermen get notably increased quota of stocks that are sold to UK customers; and EU boats keep similar quotas for fish (like herring, mackerel) that are loved in the EU but rarely eaten in the UK,” Adam Parsons, Europe correspondent at Sky News, said on Twitter.
Persons: Andrew Kelly LONDON, ” Adam Parsons Organizations: REUTERS, Sky, EU, European, Sky News, Twitter Locations: Thyboron, Jutland, Denmark, Britain, Europe
Airbnb toughens home rental conditions on New Year's Eve
  + stars: | 2020-12-03 | by ( Mathieu Rosemain | ) www.reuters.com sentiment -1.00   time to read: +1 min
Slideshow ( 5 images )PARIS (Reuters) - Airbnb, the U.S. home rental company that will make its market debut next week, is making it harder to book apartments on New Year’s Eve in Paris, New York, London and other top destinations to limit the risks of illegal parties in the time of COVID-19. All bookings made under previous conditions will be maintained, Airbnb said. But it added that most single-day reservations aimed at organising large year-end gatherings were usually made in December. Last-minute bookings by people seeking to rent a place close to their own home and who haven’t received positive reviews will also be restricted, Airbnb said. The firm also made it impossible to rent a full home for a single night on Halloween in the United States and Canada to prevent illegal parties.
Persons: won’t, Airbnb, haven’t Organizations: Nasdaq Locations: PARIS, U.S, Paris , New York, London, United States, France, Britain, Canada, Mexico, Australia, Spain, San Francisco
Ryanair CEO says he wants another Boeing order within 18 months
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Ryanair Chief Executive Michael O'Leary speaks during a Reuters Newsmaker event in London, Britain October 1, 2019. REUTERS/Peter NichollsDUBLIN (Reuters) - Ryanair hopes to agree another large order of the 737 MAX jets with manufacturer Boeing over the next 18 months and expects to be flying the 230-seat MAX 10 by 2025, Group Chief Executive Michael O’Leary told Reuters in an interview on Thursday. “I would like to see a follow-on order some time over the next 12 or 18 months,” O’Leary said in a phone interview after signing a deal for 75 additional 197-seat MAX 200 jets. “Very much part of the agreement we announced today is that Ryanair are going to be at the front of the queue when Boeing are able to price a MAX 10 order and put together a delivery programme,” he said. O’Leary said he was in active discussions about the MAX 10 but also said that the delivery timetable of the MAX 10 programme looked likely to slip.
Persons: Michael O'Leary, Peter Nicholls DUBLIN, Michael O’Leary, , ” O’Leary, , O’Leary Organizations: Ryanair, Reuters, REUTERS, Boeing Locations: London, Britain
LONDON/MELBOURNE/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Former French President Valery Giscard d'Estaing speaks during an interview with Reuters in his office in Paris, France, February 11, 2016. LATEST- Valery Giscard d’Estaing- Flutter- Working from homeA CREDIT TO FRANCE. Peter Jackson, chief executive of Irish gambling group Flutter Entertainment, is doubling down on the burgeoning American sports-betting market. The stake’s current owner, Fastball, will get about $2.1 billion in cash and the rest in Flutter shares.
Persons: Valery Giscard d'Estaing, Valery Giscard d’Estaing, Francois Mitterrand, Giscard, Tom Wolfe’s, Sherman McCoy, “ Giscards, Christopher Thompson, Peter Jackson, Draftkings, Jackson, Liam Proud, Morgan Stanley, Aimee Donnellan, What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, Ed Cropley, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: Reuters, Corona, FRANCE, Socialist, United, Portland Estates, Qantas Airways, Qantas, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Pershing Square Holdings, Euronext Amsterdam, London Stock Exchange Locations: MELBOURNE, MILAN, Paris, France, , American, Dublin, U.S, confinements, United Kingdom, Germany, Italy, Spain, Portland, London, Oslo, China, Middle Kingdom, Europe
UK's COVID-19 death toll surpasses 60,000
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
REUTERS/John Sibley/Fiel PhotoLONDON (Reuters) - The United Kingdom’s total death toll from COVID-19 surpassed 60,000 on Thursday, by the government’s preferred measure of deaths within 28 days of a positive test. The UK toll is the fifth highest in the world after the United States, Brazil, India and Mexico. The number of deaths over the past seven days was 3,085, down 5% compared with the previous seven days. Until August, the United Kingdom was tallying its official COVID-19 death toll by a different measure, namely all deaths where the disease was mentioned on the death certificate. By that measure, the toll has now reached 69,752.
Persons: John Sibley Organizations: REUTERS Locations: London, Britain, COVID, United States, Brazil, India, Mexico, Europe, Italy, France, United Kingdom
The trial data was released on Nov. 23, when developers hailed “a vaccine for the world”. ‘NEED TO BE CLARIFIED SWIFTLY’For Oxford’s vaccinologists, the confusion is a far cry from last week’s euphoria when interim data appeared to vindicate almost three decades of work. But the conflicting versions of events are the latest twist for the vaccine data, which has drawn scrutiny from scientists and investors since its release. AstraZeneca has lost almost 7 billion pounds ($9.35 billion) in value since the interim trial results amid such worries. It has said it hopes that more trial data gathered over time in that group will solidify the interim findings.
Persons: Francis Mascarenhas, ” Eleanor Riley, , Mene Pangalos, Adrian Hill, vaccinologists, ” Riley, ” Peter Openshaw Organizations: AstraZeneca, Oxford University, Serum Institute of India, REUTERS, Reuters, University of Edinburgh, Jenner Institute, University of Oxford, Britain’s Medicines, Healthcare, Agency, European Medicines Agency, Moderna, Pfizer, BioNTech’s, Imperial College London, Oxford Locations: Pune, India, , OXFORD, Britain, U.S, Oxford
Flutter enlists Fox help to control FanDuel in $4 billion deal
  + stars: | 2020-12-03 | by ( Graham Fahy | ) www.reuters.com + 0.00   time to read: +3 min
Dublin (Reuters) - Flutter Entertainment raised its bet on the U.S. gambling market on Thursday, with a $4.18 billion (3.12 billion pounds) deal to increase its FanDuel holding to 95% and end Fastball’s involvement in online sports betting platform FOX Bet. The deal also leaves the door open to further involvement by U.S.-based FOX Sports, owned by Fox Corporation, giving it the option to buy 18.5% of FanDuel in July next year. Flutter said it will raise 1.1 billion pounds ($1.48 billion) in equity to partly fund the purchase, with Fox Corporation participating in the capital raising. Jackson said Fox held 2.6% of Flutter Entertainment ahead of the placing. Flutter plans to pay for the stake through a combination of $2.09 billion in cash and the issue of about 11.7 million new ordinary shares directly to Fastball.
Persons: William Hill, Paddy Power, ” Lachlan Murdoch, , ” Murdoch, they’re, Peter Jackson, Jackson, Fox, ” Jackson Organizations: Dublin, Reuters, FOX, Caesars Entertainment, FanDuel, U.S, FOX Sports, Fox Corporation, Fox, FOX Bet, Canada’s Stars Locations: United States, FanDuel, London
Data sharing confusion four weeks before Brexit completes
  + stars: | 2020-12-03 | by ( Gabriela Baczynska | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: A British Union Jack flag flutters outside the European Parliament in Brussels, Belgium January 30, 2020. As talks go down to the wire, options range from upholding free commerce and other cooperation to an abrupt split. If there is an agreement, Britain’s data access would still be reduced, but by how much remains unclear. But that would not come into effect if they fail to agree on a new free trade deal and end up with a rupturous end to the years-long Brexit crisis. Britain’s mission to the EU hub Brussels had no comment, saying negotiations between London and the bloc were ongoing.
Persons: Francois Lenoir, Theresa May, Ben Rapp, , Rapp Organizations: REUTERS, European Union, EU, police Locations: BRUSSELS, Jack, Brussels, Belgium, Britain, Schengen, PRUM, Europol, Eurojust, France, Austria, British, EU, London, Europe
S&P Global trims back default forecasts
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The S&P office is seen at right in Canary Wharf in London, Britain March 6, 2020. REUTERS/Kevin CoombsLONDON (Reuters) - Credit rating agency S&P Global trimmed its forecasts on Thursday on how many U.S. and European firms were likely to default in the coming 10 months as the coronavirus fallout continues. The firm said it now expected the 12-month trailing corporate default rate to rise to around 9% in the United States and 8% in Europe by September 2021. In October it had predicted U.S. rates would rise to 12.5%, albeit for a slightly different time frame of the following nine months, while Europe’s rate would climb to 8.5%.
Persons: Kevin Coombs Organizations: REUTERS, Kevin Coombs LONDON Locations: Canary Wharf, London, Britain, U.S, United States, Europe
BRUSSELS (Reuters) - A member of the EU’s Brexit negotiating team said on Thursday “significant” gaps on fisheries, the level playing field and dispute settling persisted in UK trade talks, adding that the final outcome of the tortuous negotiations was still uncertain. “The long and the short story is that talks are continuing in London. Significant divergences remain. Both sides are working hard to overcome them but the outcome is uncertain,” Stefaan de Rynck, a member of the EU Brexit negotiating team led by Michel Barnier, told a seminar. We are probably past kilometre 40,” de Rynck said, adding that negotiators helped themselves to pizzas during talks that lasted late into the evening on Wednesday.
Persons: Michel Barnier, ” de Rynck Organizations: EU Brexit Locations: BRUSSELS, London
Hunger threatens Lebanon if leaders don't act, UK minister warns
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
BEIRUT (Reuters) - Lebanon is on the verge of not being able to feed itself, a British minister warned on Thursday, as the country’s financial crisis hikes poverty and inflation. FILE PHOTO: Britain's Conservative Party Chairman James Cleverly arrives at Downing Street in London, Britain February 11, 2020. Lebanon’s leaders must act.”Comments about a looming end to subsidies, which have depleted already critical foreign currency reserves, have raised fears of shortages. Caretaker Prime Minister Hassan Diab has said lifting subsidies on vital goods without helping the poor could cause “a social explosion”. “I reiterate my call to the leaders of Lebanon to do what is needed and deliver reforms,” he said.
Persons: James, Hannah McKay, Lebanon’s, , Riad Salameh, Hassan Diab Organizations: Britain's Conservative, REUTERS, Foreign, Caretaker Locations: BEIRUT, Lebanon, London, Britain, Beirut
WASHINGTON — The Trump administration will temporarily draw down staff from the American Embassy in Baghdad as the fast-approaching anniversary of the U.S. strike on Iranian Gen. Qassem Soleimani brings concerns of retaliation, two U.S. officials told NBC News on Wednesday. The State Department did not confirm the reduction, telling NBC News that the department does not comment on the details of staffing adjustments. His death prompted outrage in Iran, which retaliated with strikes against U.S. troops in Iraq. American troops left in 2011, but they returned in 2014 after the Islamic State militant group overran large parts of the country. In May 2019, after a series of rocket attacks were launched toward the U.S. embassy in Baghdad, the State Department ordered the departure of "nonemergency" personnel from Iraq.
Persons: WASHINGTON, Trump, Qassem Soleimani, Matthew Tueller, Soleimani, Ahmed Al, Sahaf, Saddam Hussein's, Mike Pompeo, Pompeo, Ameer Al Mohammedaw, Mohsen Fakhrizadeh, Ayatollah Ali Khamenei, Mohammad Javad Zarif Organizations: American Embassy, NBC News, The Washington Post, The State Department, State Department, U.S, Embassy, Quds Force, Iraqi Foreign Ministry, State, Consulate, NBC, White, Iran, K1 Air, Getty Locations: Baghdad, U.S, Iraq, Iran, The U.S, Basra, Iranian, United States, Kirkuk, Israel
Britain to press ahead with Brexit treaty-breaking laws next week
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Britain's Leader of the House of Commons Jacob Rees-Mogg arrives to attend a Cabinet meeting at the Foreign and Commonwealth Office (FCO) in London, Britain December 1, 2020. REUTERS/Henry Nicholls/File PhotoLONDON (Reuters) - Legislation that breaks Britain’s Brexit withdrawal treaty will be debated in parliament next week, House of Commons Leader Jacob Rees-Mogg said on Thursday, a move which could further undermine talks on a trade deal with the European Union. Britain’s upper house of parliament voted last month to remove clauses in the Internal Market Bill which broke international law, but the government intends to reinstate them in the lower chamber on Monday. The Internal Market Bill - designed to protect trade between the four nations of the United Kingdom - prompted fury in the EU when it was first introduced because it unpicked the terms of a divorce agreement both sides signed in January. Brussels has launched legal action against Britain and Ireland has warned that breaking the treaty could destroy the trust needed to reach a trade deal.
Persons: Jacob Rees, Mogg, Henry Nicholls Organizations: Foreign and Commonwealth Office, REUTERS, European Union, Britain Locations: London, Britain, United Kingdom, Brussels, Ireland
LONDON (Reuters Breakingviews) - A speedy vaccine rollout faces several bottlenecks. Britain’s medical regulator on Wednesday said the Covid-19 vaccine developed by Pfizer and BioNTech was safe to use, clearing the way for healthcare workers and nursing home residents to receive shots as early as next week. Even so, with polls showing 40% of Americans are unwilling to take a vaccine, getting to 70% will be a challenge. Though authorities are unlikely to give people a choice, some may resist a vaccine they think is less likely to work. After the medical triumph of quickly developing effective and safe vaccines, the speed of the rollout is now the main obstacle to reopening stricken economies.
Persons: BioNTech, doesn’t Organizations: Brussels International Airport, LONDON, Reuters, Pfizer, European Union, Moderna, AstraZeneca, Manpower Locations: Brussels, Belgium, United States, Germany
MELBOURNE/LONDON/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Such developments will make it the envy of many peers, some of which are still raising capital to cope with the pandemic. But global luxury sales will still be between $40 billion and $80 billion below pre-pandemic levels next year, says McKinsey. The hedge fund manager’s prescient bets against corporate credit ahead of the lockdown crisis have helped lift his London-listed fund’s net asset value by 63% this year. That may help close its roughly 20% discount to net asset value.
Persons: What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, Ed Cropley, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: MELBOURNE, Reuters, Corona, Qantas, Boeing, Sydney Airport, Norwegian Air, Pershing Square Holdings, Qantas Airways, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Euronext Amsterdam, London Stock Exchange Locations: LONDON, MILAN, Sydney, Australia, Oslo, China, Middle Kingdom, Europe
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