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NATO must focus more on challenge of rising China, report to say
  + stars: | 2020-12-01 | by ( ) www.nbcnews.com + 0.00   time to read: +3 min
The report "NATO 2030," prepared by a group of so-called wise persons and containing 138 proposals, comes amid growing doubts about the purpose and relevance of an alliance branded last year by French President Emmanuel Macron as "brain dead." The 30-member alliance could also forge closer ties with non-NATO countries such as Australia and focus more on deterrence in space, where China is developing assets, the report suggests. NATO should consider including China in NATO's official master strategy document, its "Strategic Concept", diplomats cited the report as saying, though it will stop short of declaring the country an adversary. TensionsIn other recommendations, the report will suggest that NATO foreign ministers meet more regularly and will call for a strengthening of the secretary-general's role as an international mediator. The report will be discussed by NATO foreign ministers on Tuesday before being presented to the alliance's heads of state and government next year.
Persons: Emmanuel Macron, Jens Stoltenberg, China's, Donald Trump's, Joe Biden, Organizations: NATO, NBC, NATO —, Trump Locations: China, Russia, NATO, Africa, Australia, Russian, Soviet, Crimea, Ukraine, Europe
Russia tries to import COVID-19 drugs as deaths hit high
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: Medical workers transport a patient inside the City Clinical Hospital Number 52, where patients suffering from the coronavirus disease (COVID-19) are treated, in Moscow, Russia October 8, 2020. REUTERS/Maxim ShemetovMOSCOW (Reuters) - Russia is trying to import foreign-made drugs to fight the COVID-19 pandemic due to a shortage of products at home, Health Minister Mikhail Murashko said on Tuesday, as authorities reported a record 569 new daily deaths from the coronavirus. However Prime Minister Mikhail Mishustin said the situation remained quite tense in many of Russia’s more than 80 regions. With 2,322,056 infections, Russia has the fourth-largest number of COVID-19 cases in the world behind the United States, India and Brazil. It has recorded 40,646 deaths related to COVID-19 since the start of the pandemic.
Persons: Maxim Shemetov MOSCOW, Mikhail Murashko, Murashko, , Anna Popova, Rospotrebnadzor, Mikhail Mishustin Organizations: REUTERS, Health, St Locations: Moscow, Russia, Japan, Baltic, Kaliningrad, St Petersburg, United States, India, Brazil
Oil falls after OPEC+ talks delay sets off supply alarm
  + stars: | 2020-12-01 | by ( Aaron Sheldrick | ) www.reuters.com sentiment -1.00   time to read: +2 min
TOKYO (Reuters) - Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed talks on 2021 output policy, while the coronavirus pandemic continues to sap fuel demand. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. West Texas Intermediate was down by 30 cents, or 0.7% at $45.04, having dropped 0.4% in the previous session. OPEC+ delayed talks on output policy for next year until Thursday, three sources told Reuters, as key players still disagreed on how much oil they should pump amid weak demand. Sources said the UAE had complicated the picture by signalling it would be willing to support a rollover of supply cuts only if group members’ compliance with cut commitments improved.
Persons: Todd, Brent Organizations: Gas, REUTERS, . West Texas, Organization of, Petroleum, ING, ” ING Locations: TOKYO, Granum , Alberta, Canada, COVID, OPEC, Russia, UAE, Saudi Arabia
Oil ticks up as OPEC, allies delay output deal meeting
  + stars: | 2020-12-01 | by ( Shadia Nasralla | ) www.reuters.com sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Oil prices ticked up on Tuesday, with early European trading erasing earlier losses, as all eyes were on talks between OPEC and its allies who postponed a formal meeting to decide whether to increase output from next month. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. Both contracts surged around 27% in November after COVID-19 vaccine developments raised hopes of an economic recovery that could revive fuel demand. OPEC+, which includes the Organization of the Petroleum Exporting Countries, Russia and other allies, delayed talks on output policy for next year until Thursday, sources told Reuters, as important players had not reached consensus. But with demand still under pressure from the pandemic, OPEC+ was considering extending current cuts into the first months of next year, a position backed by de facto OPEC leader Saudi Arabia, sources said.
Persons: Todd, Brent, , , Helima Croft, bode Organizations: Gas, REUTERS, West Texas Intermediate, Organization of, Petroleum, ING, Royal Bank of Canada Locations: Granum , Alberta, Canada, COVID, OPEC, Russia, Saudi Arabia
Oil drops as OPEC+ delays talks, raising supply alarm
  + stars: | 2020-12-01 | by ( Aaron Sheldrick | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. West Texas Intermediate was down by 23 cents, or 0.5% at $45.11 a barrel, having dropped 0.4% in the previous session. OPEC+ delayed talks on output policy for next year until Thursday, three sources told Reuters, as key players still disagreed on how much oil they should pump amid weak demand. “Nonetheless this latest fracas does not bode well for collective cohesion in 2021 as vaccine optimism abounds and producers anticipate a strong recovery,” RBC said. Sources said the UAE had complicated the picture by signalling it would be willing to support a rollover of supply cuts only if group members’ compliance with cut commitments improved.
Persons: Hartmann Brent, bode, Brent Organizations: REUTERS, . West Texas, Organization of, Petroleum, ” RBC Capital Markets, RBC Locations: TOKYO, Paris, France, COVID, OPEC, Russia, UAE, Saudi Arabia
Oil prices steady as OPEC and allies seek consensus on output
  + stars: | 2020-12-01 | by ( Shadia Nasralla | ) www.reuters.com sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Oil prices were broadly steady on Tuesday as investors awaited direction from OPEC and its allies after the producers postponed a formal meeting to decide whether to lift output from January. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. The group was due to ease current production cuts by 2 million barrels per day (bpd) from January. With demand still weak, OPEC+ has been considering extending current cuts into the first months of 2021, a position backed by de facto OPEC leader Saudi Arabia, sources say. For a graphic on Brent and WTI price forecast for 2021:
Persons: Hartmann Brent, , Helima Croft, bode, ” Croft, Brent Organizations: REUTERS, West Texas, of, Petroleum, Royal Bank of Canada Locations: OPEC, Paris, France, Russia, Saudi Arabia
U.S. coronavirus adviser Scott Atlas resigns
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +3 min
WASHINGTON (Reuters) - Dr. Scott Atlas has resigned as special adviser on the coronavirus to President Donald Trump, a White House official said on Monday, after a controversial four months during which he clashed repeatedly with other members of the coronavirus task force. “I am writing to resign from my position as special adviser to the president of the United States,” Atlas said in a letter to Trump dated Dec. 1 that he posted on Twitter. Scott Atlas’ resignation today is long overdue and underscores the triumph of science and truth over falsehoods and misinformation,” his peers at Stanford University’s medical school said in a statement issued late Monday. Atlas was considered a special government employee on a 130-day detail that expires this week. “You wouldn’t go to a podiatrist for a heart attack and that was essentially what was happening.”(Interactive graphic tracking global spread of coronavirus: here)
Persons: Scott Atlas, Donald Trump, Joe Biden, , ” Atlas, Trump, Anthony Fauci, Dr, , Atlas, lockdowns, Celine Grounder, “ I’m Organizations: WASHINGTON, White, Twitter, Trump, Stanford, Stanford’s Hoover Institution, Fox News, Russia’s, CNBC Locations: United States
Oil falls as OPEC+ talks delays raise supply concerns
  + stars: | 2020-12-01 | by ( ) www.cnbc.com sentiment -1.00   time to read: +2 min
A line handler helps dock the oil tanker, Texas Voyager, as it pulls into its mooring to offload its crude oil at Port Everglades on April 21, 2020 in Fort Lauderdale, Florida. Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand. OPEC+ delayed talks output policy for next year until Thursday, three sources told Reuters, as key players were still in disagreement on how much oil they should pump amid weak demand. "I suspect that, ultimately, OPEC+ will extend the production cut program by three months," said Bob Yawger, director of energy futures at Mizuho Securities. Sources said the UAE had complicated the picture by signaling it would be willing to support a rollover of supply cuts only if group members' compliance with cut commitments improved.
Persons: Brent, Bob Yawger Organizations: Texas, . West Texas, Organization of, Petroleum, Mizuho Securities, United Arab Emirates, UEA Locations: Port, Fort Lauderdale , Florida, Covid, OPEC, Russia, UAE, Saudi Arabia
European markets head for positive open, following global trend
  + stars: | 2020-12-01 | by ( Holly Ellyatt | ) www.cnbc.com sentiment -0.98   time to read: +2 min
LONDON — European stocks are expected to open in positive territory on Tuesday, following a trend set by other global markets. European markets look set to follow the buoyant mood in their U.S. and Asia-Pacific counterparts; U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. Meanwhile in the Asia-Pacific markets, shares were higher in Tuesday trade as investors reacted to the release of a private survey of China's manufacturing activity. "A full economic recovery is unlikely until people are confident that it is safe to reengage in a broad range of activities." On Tuesday, oil producing group OPEC and its non-OPEC allies led by Russia (an alliance known as OPEC+) had been due to hold a meeting on their joint oil producing policy.
Persons: Germany's DAX, Andrew Cuomo, Jerome Powell, Powell, Jeff Cox, Fred Imbert, Eustance Huang Organizations: FTSE, CAC, IG, Johns Hopkins University, Gov, Federal, OPEC, OECD Locations: Asia, Pacific, U.S, New York, Russia, OPEC
Russian state broadcaster NTV aired an attempted satirical segment over the weekend with a Russian actress in blackface portraying former US president Barack Obama in blackface. Kremlin-affiliated TV station NTV aired a racist program over the weekend featuring a Russian actress in blackface, apparently posing as former US president Barack Obama. The racist skit appeared on NTV's "Mezhdunarodnaya Pilorama" or "International Sawmill," a satirical show with Tigran Keosayan as the host. In the segment, a Russian actress appears as Obama, wearing blackface and baggy clothes and a bandana and gesturing in an attempt to mimic rappers. "We now go live to the dark side of America's history, Barack Obama," Keosayan says, introducing the actress in blackface.
Persons: Barack Obama, Tigran Keosayan, Margarita Simonyan, Obama, Abraham Lincoln, Keosayan, Simonyan, Alexei Navalny Organizations: NTV, United, Moscow Times, Twitter Locations: Russian, United States, Russia, Moscow
STEPANAKERT, Nagorno-Karabakh — As a dilapidated old van pulled up at a hillside checkpoint, an Azerbaijani soldier inside scrubbed furiously at his fogged-up window, then cast a glowering look at an Armenian standing just a few feet away. Just days before, they were on opposite sides of a bitter war. He waved the van through toward Azerbaijani-held territory to the right. The vicious war between Azerbaijan and Armenia over the disputed mountain enclave of Nagorno-Karabakh has settled into a tense truce enforced by heavily armed Russian troops. “I believe in Vladimir Vladimirovich Putin.”
Persons: van, , Svetlana Movsesyan, Vladimir Vladimirovich Putin Organizations: Russian Locations: Nagorno, Karabakh, Azerbaijani, Azerbaijan, Armenia, Russian, Russia, Stepanakert
"Vaccine optimism, impressive Chinese factory data and the prospect of continuing fiscal and monetary stimulus is keeping the mood upbeat," CityIndex analyst Fiona Cincotta said. Global equity markets rose on Tuesday, extending the record-breaking gains of the previous month, after strong factory data pointed to a robust recovery in China, while progress on more vaccine candidates reinforced the optimism of the past few weeks, although oil slipped. "After a phenomenal November run-up European markets are broadly resuming gains at the start of December, a traditionally strong month for equities," CityIndex analyst Fiona Cincotta said in a note. "Vaccine optimism, impressive Chinese factory data and the prospect of continuing fiscal and monetary stimulus is keeping the mood upbeat." "Nonetheless this latest fracas does not bode well for collective cohesion in 2021 as vaccine optimism abounds and producers anticipate a strong recovery," she said.
Persons: cryptocurrencies, Fiona Cincotta, drugmaker Pfizer, Dow Jones, DAX, Helima Croft, bode, Read, Goldman Sachs, Cryptocurrencies, Bitcoin, Ripple's, Ethereum Organizations: TPG, Getty, Global, Moderna, Nasdaq, Shanghai, Nikkei, RBC, of, Petroleum, Brent, Goldman Locations: China, United States, Europe, Asia, COVID, Russia, Mexico, Oman
Special education students and children learning English lost support that their schools struggled to provide online. Many students had no access to computers or internet and were completely cut off from their teachers. The move comes a day after rival Moderna said it was asking U.S. and European regulators to allow emergency use of its COVID-19 vaccine. BioNTech said that if the vaccine, currently named BNT162b2, is approved, its use in Europe could begin before the end of 2020. Share this -Russian rapper 'Basta' criticized for holding concerts amid pandemic Russian rapper Basta (Vasily Vakulenko) performs during a drive-in concert as part of the Live & Drive series at a parking lot of Luzhniki Sports Complex, Moscow In July.
Persons: won’t, Moderna, BioNTech, Basta, Vasily Vakulenko, Anton Novoderezhkin, Vasiliy Vakulenko Organizations: Northwest Evaluation Association, Pfizer, European Medicines Agency, U.S Locations: Black, NWEA, Northwest, Europe BERLIN, Europe, Russian, Moscow, Russia, St, Petersburg
Some charities struggling to keep up with demand amid pandemic
  + stars: | 2020-12-01 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +3 min
Special education students and children learning English lost support that their schools struggled to provide online. Many students had no access to computers or internet and were completely cut off from their teachers. The move comes a day after rival Moderna said it was asking U.S. and European regulators to allow emergency use of its COVID-19 vaccine. BioNTech said that if the vaccine, currently named BNT162b2, is approved, its use in Europe could begin before the end of 2020. Share this -Russian rapper 'Basta' criticized for holding concerts amid pandemic Russian rapper Basta (Vasily Vakulenko) performs during a drive-in concert as part of the Live & Drive series at a parking lot of Luzhniki Sports Complex, Moscow In July.
Persons: won’t, Moderna, BioNTech, Basta, Vasily Vakulenko, Anton Novoderezhkin, Vasiliy Vakulenko Organizations: Northwest Evaluation Association, Pfizer, European Medicines Agency, U.S Locations: Black, NWEA, Northwest, Europe BERLIN, Europe, Russian, Moscow, Russia, St, Petersburg
Pfizer and BioNTech apply for emergency vaccine approval in Europe
  + stars: | 2020-12-01 | by ( Nbc News | ) www.nbcnews.com sentiment -1.00   time to read: +2 min
BioNTech said that if the vaccine, currently named BNT162b2, is approved, its use in Europe could begin before the end of 2020. The move comes a day after rival Moderna said it was asking U.S. and European regulators to allow emergency use of its COVID-19 vaccine. BERLIN — German pharmaceutical company BioNTech and its U.S. partner Pfizer say they have submitted an application for conditional approval of their coronavirus vaccine with the European Medicines Agency. Russian rapper 'Basta' criticized for holding concerts amid pandemicRussian rapper Basta (Vasily Vakulenko) performs during a drive-in concert as part of the Live & Drive series at a parking lot of Luzhniki Sports Complex, Moscow In July. However, videos from Vakulenko's concerts circulating on social media show people not maintaining social distancing, with many not wearing masks and singing.
Persons: BioNTech, Moderna, Basta, Vasily Vakulenko, Anton Novoderezhkin, Vasiliy Vakulenko Organizations: U.S, Pfizer, European Medicines Agency Locations: Europe, BERLIN, Moscow, Russia, St, Petersburg
ET Stocks Rally, Looking Past Virus Concerns: Live Updates RIGHT NOW Airbnb seeks valuation of nearly $35 billion in I.P.O. The Fed has suggested it is disappointed with that decision, and Mr. Powell will address it in his remarks. Mr. Powell plans to note that the legislation gave “sole authority over its funds” to the Treasury secretary and that the Fed will give the money back. “For now, significant challenges and uncertainties remain, including timing, production and distribution, and efficacy across different groups,” Mr. Powell will say. “I continue to believe that a targeted fiscal package is the most appropriate federal response,” Mr. Mnuchin says in his prepared remarks.
Persons: Ahmed Jadallah, Jean Pierre Mustier, Tesla, Dow, Dow Jones, — Powell, Mnuchin, Jerome Powell, Steve Mnuchin, Caroline Brehman, Jerome H, Powell, Steven Mnuchin, Mr, , , Brian Chesky, Calla Kessler, New York Times Airbnb, Airbnb, DoorDash, Michael J, York Times’s Eduardo Porter, Marcela Escobari, Escobari, Stephanie Brown, Emily Kask, Darren Woods Organizations: Reuters, Wall, Caixin, IHS, Nikkei, Organization, Economic Co, Debenhams, JD Sports, Dow Jones Indices, Federal Reserve, Treasury, Banking Committee, Fed, Financial Services, New York Times, Securities and Exchange Commission, Nasdaq, Roblox, Merced, The, Taxi Drivers, Machinists, Food Prep Workers House, Nurses, Goods, Mail, Supervisors, Brookings Institution, Taxi, Air Force, Salesforce, New, Exxon Mobil, ExxonMobil, The New York Times Exxon Mobil, Exxon Mobil’s, XTO Energy, Royal, Shell, Chevron, Exxon, Dow, Company Locations: I.P.O, Saudi, Saudi Arabia, Russia, Reuters U.S, Shanghai, Hong Kong, Japan, Europe, Germany, France, China, Kazakhstan, UniCredit, British, Arcadia, United States, York, Rochester, Mich, New York, Ann Arbor, Baton Rouge, La, Appalachia, Rocky, , Oklahoma , Texas , Louisiana , Arkansas, Canada, Argentina, Africa, New Mexico, West Texas, Guyana, Brazil
Special education students and children learning English lost support that their schools struggled to provide online. Many students had no access to computers or internet and were completely cut off from their teachers. The move comes a day after rival Moderna said it was asking U.S. and European regulators to allow emergency use of its COVID-19 vaccine. BioNTech said that if the vaccine, currently named BNT162b2, is approved, its use in Europe could begin before the end of 2020. The number of Covid-19 cases has been rising in Russia, with the country experiencing a record number of deaths on Monday at 569.
Persons: won’t, Moderna, BioNTech, Basta, Vasily Vakulenko, Anton Novoderezhkin, Vasiliy Vakulenko Organizations: Northwest Evaluation Association, Pfizer, European Medicines Agency, U.S Locations: Black, NWEA, Northwest, Europe BERLIN, Europe, Russian, Moscow, Russia, St, Petersburg
COVID R&D Alliance launches trial of Amgen, UCB, Takeda drugs
  + stars: | 2020-11-30 | by ( Deena Beasley | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) - Amgen Inc, UCB SA and Takeda Pharmaceuticals Inc on Monday launched a global trial to identify whether any of three different drugs can reduce the severity of COVID-19 in hospitalized patients by moderating the immune system’s response to the disease. The three compounds “have a plausible biologic rationale in terms of effect on immune response or the hyper-immune response that some people develop,” said Amgen research chief David Reese. The multiple candidates will be tested against a placebo with all trial patients also receiving standard care. Other drugs that work in a variety of ways, including antivirals, medicines that also modulate immune response and vascular agents may enter the study in coming months. The COVID R&D trial will enroll both hospitalized intensive care unit and non-ICU patients.
Persons: , David Reese, , COVID, Dhavalkumar Patel Organizations: Reuters, Inc, UCB SA, Takeda Pharmaceuticals Inc, Monday, Research & Development Alliance, Health Locations: overreacting, COVID, United States, Brazil, Mexico, Russia, South Africa
U.S. imposes Venezuela-related sanctions targeting Chinese firm
  + stars: | 2020-11-30 | by ( Daphne Psaledakis | ) www.reuters.com sentiment -0.71   time to read: +2 min
Toni L. Sandys/Pool via REUTERS/File PhotoWASHINGTON (Reuters) - The United States on Monday imposed sanctions on Chinese firm China National Electronics Import & Export Corporation (CEIEC), accusing it of supporting Venezuelan President Nicolas Maduro’s efforts to undermine democracy. “The United States will not hesitate to target anyone helping to suppress the democratic will of the Venezuelan people and others around the world,” he added. Venezuela’s information ministry did not immediately respond to an email seeking comment about the Treasury’s announcement. Maduro remains in power, backed by Venezuela’s military as well as Russia, China and Cuba. Monday’s action freezes any U.S. assets of the Chinese firm and generally bars Americans from dealing with it.
Persons: Steven T, Mnuchin, Toni L, Sandys, Nicolas Maduro’s, ” “, Steven Mnuchin, CEIEC, Juan Guaido Organizations: of, Treasury, Banking, Housing, Urban Affairs, WASHINGTON, China National Electronics Import & Export Corporation, U.S . Treasury Department, Venezuelan National Telephone Company Locations: Washington , DC, United States, China, U.S, Maduro, Washington, Venezuelan, Russia, Cuba
WASHINGTON (Reuters) - The United States imposed sanctions on Monday on Chinese firm China National Electronics Import & Export Corporation (CEIEC), accusing it of supporting Venezuelan President Nicolas Maduro’s efforts to undermine democracy. Those using broadband services provided by state-run telecommunications provider Venezuelan National Telephone Company (CANTV) are generally the most affected, but users of private services also face restrictions. Maduro remains in power, backed by Venezuela’s military as well as Russia, China and Cuba. Monday’s action freezes any U.S. assets of the Chinese firm and generally bars Americans from dealing with it. The Treasury also issued a license authorizing the “wind down” of transactions with the Chinese company until Jan. 14.
Persons: Nicolas Maduro’s, Steven T, Mnuchin, Toni L, Sandys, , Steven Mnuchin, ” CEIEC, Hua Chunying, Juan Guaido, CEIEC, Guaido Organizations: WASHINGTON, China National Electronics Import & Export Corporation, of, Treasury, Banking, Housing, Urban Affairs, . Treasury Department, Ministry, Venezuelan National Telephone Company Locations: United States, China, Washington , DC, Maduro, Beijing, . Washington, Venezuelan, Russia, Cuba
Russia's Sberbank may issue its own cryptocurrency, says CEO
  + stars: | 2020-11-30 | by ( Reuters Staff | ) www.reuters.com + 0.87   time to read: 1 min
FILE PHOTO: Chief Executive of Russian bank Sberbank Herman Gref attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. REUTERS/Maxim Shemetov/File PhotoMOSCOW (Reuters) - Russia’s largest lender Sberbank may issue its own cryptocurrency, called ‘Sbercoin’, in 2021, Chief Executive Herman Gref said on Monday. Gref said Sberbank was teaming up with JP Morgan on preparing the cryptocurrency and may launch it in “an experiment” next year.
Persons: Sberbank Herman Gref, Maxim, Herman Gref, Gref, Sberbank, JP Morgan Organizations: St ., Economic, REUTERS Locations: St, St . Petersburg, Russia, MOSCOW
Sberbank bets on e-commerce in expansion beyond banking
  + stars: | 2020-11-30 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
FILE PHOTO: The logo of Russian bank Sberbank is seen on a screen during a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. Sberbank has invested some $2 billion on acquisitions and IT as it attempts to join Apple and Google on the big tech stage. “And we will direct most of that on developing the e-commerce business.”Khasis said Sberbank’s total investment in SberMarket now stands at 12 billion roubles ($156 million). Russia’s e-commerce market has boomed this year as coronavirus lockdowns forced consumers to switch to online shopping. Sberbank said it was also planning to channel 50% of net profit to dividends in the next three years.
Persons: Maxim, Sberbank, Lev Khasis, , ” Khasis, coronavirus, Gref Organizations: Sberbank, St ., Economic, REUTERS, Apple, Google Locations: MOSCOW, St, St . Petersburg, Russia, SberMarket
NATO must focus more on challenge of rising China - report
  + stars: | 2020-11-30 | by ( Robin Emmott | Sabine Siebold | ) www.reuters.com sentiment -0.98   time to read: +2 min
It is the rising power of our century and NATO must adapt,” said one NATO diplomat who has seen the report, pointing to Chinese activity in the Arctic and Africa and to its heavy investments in European infrastructure. The 30-member alliance could also forge closer ties with non-NATO countries such as Australia and focus more on deterrence in space, where China is developing assets, the report suggests. NATO should consider including China in NATO’s official master strategy document, its “Strategic Concept”, diplomats cited the report as saying, though it will stop short of declaring the country an adversary. TENSIONSIn other recommendations, the report will suggest that NATO foreign ministers meet more regularly and will call for a strengthening of the secretary-general’s role as an international mediator. The report will be discussed by NATO foreign ministers on Tuesday before being presented to the alliance’s heads of state and government next year.
Persons: Emmanuel Macron, , Donald Trump’s ‘, Joe Biden Organizations: NATO, Trump Locations: BRUSSELS, BERLIN, China, Russia, “ China, NATO, Africa, Australia, Russian, Soviet Union, Crimea, Ukraine, Europe
FILE PHOTO: Lebanese medicine student Lara Mustafa is pictured at her dorm in this handout in Tver, Russia November 27, 2020. Mustafa and Hachem are among thousands of university students caught up in Lebanon’s financial crisis, which started in 2019 with popular protests against leaders whom demonstrators blamed for corruption and mismanaging the economy. American and French missionaries set up schools and universities in the 19th century that became platforms for young Lebanese to further their studies abroad. “Now I live in austerity, now I calculate every penny.”Slideshow ( 4 images )NO ACCESS TO MONEYSome parents of the thousands of Lebanese students abroad have been protesting outside the Banque du Liban (BDL), Lebanon’s central bank. “We are not only borrowing money from here, but also from (family) abroad to be able to send her money.
Persons: Lara Mustafa, Dinusha, Wassim Hachem, Mustafa, ” Mustafa, Central Bank Governor Riad Salameh, Nidaa Hassan, , Nidaa, , ’ Mohammad Kassar, ” Kassar, Nadia Moussa, Wael Dib Hajj, I’ve Organizations: REUTERS, Reuters, Banque du Liban, Central Bank Governor, , Yale Locations: BEIRUT, Russia, Tver, Handout, Lebanon, Beirut, Ukraine
U.S. Blacklists Chinese Defense Firm for Sales to Venezuela
  + stars: | 2020-11-30 | by ( Ian Talley | ) www.wsj.com sentiment -0.99   time to read: +1 min
WASHINGTON—The Trump administration on Monday blacklisted a major Chinese government-owned defense company it said sold goods to Venezuela that aided political repression by the regime of President Nicolás Maduro. The U.S. Treasury Department said goods sold by China National Electronics Import & Export Corp., or CEIEC, helped the Maduro government restrict internet service and conduct digital surveillance and cyber operations against political opponents. The sanctions precede a Dec. 6 parliamentary election in Venezuela that the U.S. says will be fraudulent. The Trump administration says the Maduro government fixed previous elections and maintains an illegitimate hold on power through repression of the political opposition. The U.S. views the Maduro government as a major security threat, citing its relationships with Iran, China, Russia and South American drug cartels.
Persons: WASHINGTON, Trump, Nicolás Maduro, Juan Guaído Organizations: U.S . Treasury Department, China National Electronics Import & Export Corp Locations: Venezuela, U.S, Washington, Beijing, Hong Kong, Taiwan, Iran, China, Russia, South American
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