ECB warns bank profits will 'remain weak' throughout next year

The coronavirus-induced crisis has worsened banks' profits and that will continue to be felt over the coming months, according to the ECB.

Biden's 'America is back' is good news for Germany

The U.S. government needs to get involved in the A.I. race against China, Nasdaq executive says

The U.S. private sector alone cannot compete with the entire Chinese government and private sector in tech development, said Edward Knight of Nasdaq.

Biden's pick for foreign policy head affirms a push to get allies on board with U.S. policy on China

As names emerge for President-elect Joe Biden's cabinet, the new U.S. administration looks intent on working with allies to negotiate with Beijing.

Trump's tariffs could give Biden 'leverage' over China, former White House trade negotiator says

"Whether you love the tariffs or hate the tariffs, they have created leverage for United States," said former top White House trade negotiator Clete Willems.

Credit Suisse says regulatory risks are unlikely to stop China's tech companies from growing in 2021

Credit Suisse predicted China will record 2.2% growth for 2020, followed by a sharp jump to 7.1% in 2021.

India will likely go for bilateral trade pacts for now ? not mega deals like RCEP

India was part of the early negotiations for RCEP but said last year it would not join the world's largest trading bloc.

Elon Musk hints at Tesla hatchback model for Europe

Tesla Chief Executive Elon Musk has suggested that his firm could launch a new hatchback model in Europe in the future.

Two bankers failed miserably in the finance industry. But turned their experiences into a new HBO show

Ex-bankers Mickey Down and Konrad Kay talked to CNBC about channeling their own experiences of the financial sector into writing hit TV show ?Industry."

When will the world reach ?herd immunity'? Citi economists weigh in

Analysis by Citi Research showed that the economic benefits of vaccination may not kick in until late 2021, when "herd immunity" is expected to start forming.

Health care is going digital and that could make it 'almost free,' says tech investor Tim Draper

In future, artificial intelligence will help to diagnose patients and develop the medicine required at "very low costs," says venture capitalist Tim Draper.

Trump brags about Dow 30,000 at surprise news conference, leaves after a minute

Trump's 62-second appearance came less than a day after his administration took a major step toward the transition to Joe Biden's presidency.

U.S. stock futures little changed after record day on Wall Street

U.S. stock futures were little changed early Wednesday morning following a banner day for three of the for major market benchmarks.

UK cuts its quarantine policy to five days ? but there?s a catch

Travellers arriving in the UK will be able to cut their self-isolation period from 14 to 5 days starting next month if they test negative for the coronavirus.

Bitcoin could be on track to $74,000, trader says as cryptocurrency approaches all-time highs

Bitcoin's brightening prospects could take the red-hot cryptocurrency above $74,000 in the year ahead, TradingAnalysis.com founder Todd Gordon says.

Nikola shares fall after CEO fails to reassure investors GM won't pull out of $2 billion deal

Nikola stock fell during afterhours trading after its CEO declined to comment on a deal being finalized with GM and a potential stock selloff by its ex-chairman.

Zambia becomes Africa?s first coronavirus-era default: What happens now?

Zambia last week opted to bow out of a $42.5 million eurobond repayment, becoming the first African nation to default on its debts in the Covid-19 era.

Dow surges more than 400 points, closes above 30,000 for the first time ever

The Dow broke above 30,000 for the first time amid positive vaccine news, hope for a strong economic recovery in 2021 and easing of political uncertainty

Tesla hits $500 billion market cap for the first time

The company has been on a tear this year, with its stock price increasing more than fivefold.

Bitcoin climbs past $19,000 and closes in on record price

The price of bitcoin has climbed past $19,000 as the cryptocurrency's 2020 surge continues.

Credit stress hurts new money going into China's massive infrastructure project, says Moody's

The coronavirus pandemic has caused financial strains in many small economies participating in China's Belt and Road Initiative, said Moody's.

Dow 30,000 could draw in investors from the sidelines with more stocks participating in the next leg

The Dow's rally through 30,000 could draw in sidelined cash and broaden market leadership, as investors bet on financials and other underperformers.

Biden to begin receiving classified presidential daily briefings

The briefing is a significant step toward transferring responsibility for national security from the Trump administration to Biden's.

Asia is leading the way in travel recovery, says bookings platform Agoda

The best pockets of recovery are domestic travel in Taiwan, Thailand and increasingly, Vietnam, said John Brown of Agoda, a subsidiary of Booking Holdings.

Israel and the U.S. among the best places to be a woman entrepreneur

Israel has charged past the U.S. and New Zealand to emerge as the world's best place to be a woman entrepreneur after Covid-19 shook up the annual rankings.

YouTube suspends OANN for a week after it posted fake Covid-19 cure

YouTube barred One America News Network from posting new videos for a week, after the right-leaning media organization uploaded a fake cure for the coronavirus.

JPMorgan Chase pays $250 million penalty over weak controls in its wealth management division

It was the second time in two months that the bank agreed to pay a massive settlement to U.S. regulators over how it conducts business.

Russia plans to produce 1 billion doses of its ?cheaper? Covid vaccine

Russia has said that it will make its own shot cheaper than its rivals, and aims to produce 1 billion doses next year.

Goldman questions the future and purpose of OPEC+ ahead of a critical meeting

OPEC+ is scheduled to begin a two-day meeting Monday to discuss the next phase of its oil production policy.

Trump administration officially begins transition to Biden after weeks of delay

GSA chief Emily Murphy told President-elect Joe Biden that the Trump administration is making resources available for his transition into office.


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