German health minister: No back to normal for now
BERLIN -- The still high COVID-19 infection numbers do not allow a back to normal for now, German Health Minister Jens Spahn said on Wednesday. Read More
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Turkish lira gains for sixth day, EM stocks at 13-year high
The Turkish lira rose for a sixth straight session on Wednesday after the extension of a free-trade deal with Britain, while other emerging market currencies extended gains against the dollar on optimism over additional U.S. fiscal aid. Read More
U.S loans $1.1 bln to Ginkgo Bioworks for pandemic effort
The U.S. government has agreed to loan privately-held biotechnology firm Ginkgo Bioworks $1.1 billion for COVID-19 testing and the production of raw materials for therapies that may help address future pandemics. Read More
UK to pause pay rises for public sector workers, except health workers – Sunak
LONDON -- Britain's government will pause pay rises for public sector workers except those working in the health service and those on lower incomes, finance minister Rishi Sunak said on Wednesday. Read More
UK borrowing to soar to almost 400 bln pounds to pay for COVID hit -Sunak
LONDON -- Britain will borrow almost 400 billion pounds in the current financial year to pay for the massive coronavirus hit to its economy, finance minister Rishi Sunak said on Wednesday, taking the budget deficit to its highest since World War Two. Read More
Indian economy to escape recession early next year on vaccine hopes
BENGALURU -- India's economy is expected to recover early next year from recession, but at a modest pace, according to a majority of economists in a Reuters poll who said their upgraded growth predictions were based on the progress of COVID-19 vaccines. Read More
Gold edges up as weaker dollar offsets vaccine optimism
Gold edged higher on Wednesday after Read More
Stocks touch record high as investors cheer Biden transition, vaccines
LONDON -- Global shares on Wednesday hit record highs and were on course for their best month ever, with investors cheering the prospect of a smooth handover of power after the U.S. presidential election and confident COVID-19 vaccines would soon be ready. Read More
Wall St Week Ahead-COVID-19 vaccine adoption rates are ‘wildcard’ for U.S. stock rally
NEW YORK -- News this month of three promising coronavirus vaccines has helped push the Dow Jones Industrial Average over 30,000, but some investors worry that slow vaccination rates may weaken next year's expected economic recovery. Read More
Kenya’s economic growth to rebound next year, World Bank says
NAIROBI -- Kenya's economic growth is expected to bounce back next year, the World Bank said on Wednesday, as it emerges from a projected decline in output this year caused by the coronavirus crisis. Read More