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LONDON: The threat of being named a currency manipulator by the US Treasury may be an embarrassment for Switzerland, but even if the country does get the tag, it likely will have little effect on the Swiss National Bank’s (SNB) monetary policy.
WASHINGTON: Alphabet Inc's Google, already facing lawsuits by the U.S. Justice Department and attorneys general led by Texas, is expected to be sued for anticompetitive behavior on Thursday by another group of attorneys general, according to two people familiar with the matter.
HONG KONG: Deals to take Hong Kong-listed companies private are set to accelerate next year, having already hit a three-year peak in 2020, as family-owned and other businesses reel from economic downturn amid the Covid-19 pandemic, bankers and investors said.
LONDON/BRUSSELS: Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was "very likely" there would be no agreement unless the bloc changed its position "substantially".
WASHINGTON: The United States added dozens of Chinese companies, including the country's top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as U.S. President Donald Trump's administration ratchets up tensions with China in his final weeks in office
THIS year must be one of the toughest in living memory. In one year, more than 300,000 people died from coronavirus in the United States, more than the number killed in four years of her involvement in the Second World War.
WASHINGTON: The U.S. Congress on Monday was scrambling to pass a $900 billion pandemic aid package, following seven months of partisan bickering.
THE pandemic relief deal that Congress struck this week is long overdue. Unfortunately, the package includes a provision that threatens to make this and future crises worse – by limiting the emergency powers of the Federal Reserve.
US oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good.