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Exclusive:

UK government warned 'little appetite' for ditching workers' rights as MPs vote

Experts said that a wave of potential reforms to UK employment law were more important than 'tinkering' with EU rules

France opens border after deal on COVID-19 testing

Yahoo Finance's Kumutha Ramanathan has the latest from London.

Latest stories

  • Federal judge orders massage parlor videos of Robert Kraft, others destroyed

    Video that allegedly showed Patriots owner Robert Kraft paying for sex at the Orchids of Asia Day Spa in Florida will finally be destroyed.

  • Under Biden, China faces renewed trade pressure

    Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. Negotiators might tone down Trump’s focus on narrowing China’s multibillion-dollar trade surplus with the United States and push harder to open its state-dominated economy, which matters more in the long run, economists say.

  • BPLI Holdings Inc. Releases 2020 Year End Financial Results

    BPLI Holdings Inc. ("BPLI" or "the Company") (TSX-V: BPLI) today reported its audited financial results for the year ended September 30, 2020.

  • European Union warns AstraZeneca over delay in delivering Covid-19 vaccine

    The European Union issued an angry warning to pharmaceutical group AstraZeneca on Monday over its unexpected delay in delivering millions of doses of its Covid-19 vaccine to the bloc. The British-Swedish company's announcement "is not acceptable to the European Union," EU Commissioner for health Stella Kyriakides said after a meeting of member state representatives and the firm."The European Union will take any action required to protect its citizens and rights," she stressed.Kyriakides did not elaborate on what action Brussels might take, but she said Brussels would propose a "transparency mechanism" to track shipments of vaccine exported from the EU to non-member countries.The unusually blunt message underscored the threat facing the 27-nation EU as it tries to ramp up so far underpowered vaccination programmes as more contagious coronavirus variants threaten a looming third wave of the pandemic.Last Friday, AstraZeneca said it would not meet its contractual delivery commitments to the European Union because of unexplained "reduced yields" in its European supply chain.That came a week after US group Pfizer said it was also cutting early delivery volumes of its vaccine produced with German firm BioNTech.Together, those announcements risk up-ending EU vaccination programmes that depend on people getting two jabs weeks apart. That would potentially trash European Commission chief Ursula von der Leyen's pledge made just a week ago to inoculate 70 percent of adults in the EU by the end of August.Watching vaccine exports The European Union has currently authorised two vaccines for jabs: the BioNTech/Pfizer and Moderna ones. By the end of this week it is poised to add the AstraZeneca vaccine, on the understanding that it would be already on hand and available for immediate roll-out.Those vaccines, along with others also being vetted for marketing authorisation, were secured by the European Commission under advance purchase agreements on behalf of the EU and its 450 million residents.Von der Leyen early Monday spoke with AstraZeneca's French CEO Pascal Soriot, and representatives EU member states held two meetings with the company to press for answers and a rapid solution meeting the contract terms."The answers of the company have not been satisfactory so far," Kyriakides said.In a sign of distrust of the company she announced a move to have pharmaceutical companies notify EU authorities of vaccine exports out of the bloc, except for humanitarian deliveries."The Commission has today proposed to the 27 member states in the steering board that an export transparency mechanism will be put in place as soon as possible," she said.She added: "The European Union has pre-financed the development of the vaccine and its production and wants to see the return. The European Union wants to know exactly which doses have been produced where by AstraZeneca so far, and if or to whom they have been delivered."The only public statement by AstraZeneca on Monday was that Soriot was "pleased" to speak with von der Leyen and it "is doing everything it can to bring its vaccine to millions of Europeans as soon as possible".Travel restrictions In an effort to create enough time for vaccinations to protect the most vulnerable, the EU and various member states have increasingly restricted travel into the bloc and, for non-essential trips, within it.On Monday, the European Commission urged further tightening of those rules, calling on member states to impose pre-trip PCR tests for all travellers allowed into the European Union and quarantine on arrival if they came from zones where more-contagious virus variants were spreading.It also recommended a heightened testing and quarantine regime, where possible, for essential travellers between -- or even within -- EU countries with high-risk areas classed as "deep red" by the European Centre for Disease Prevention and Control.The EU Commissioner for justice, Didier Reynders, said the new variants with high infectivity -- coming from former EU member Britain as well as South Africa and Brazil -- meant "there is an urgent need to reduce the risk of travel-related infections to lessen the burden on overstretched healthcare systems".(AFP)

  • Tacoma Police officer who hit at least 1 pedestrian with patrol car placed on administrative leave

    A Tacoma Police Department officer who struck at least one pedestrian with his patrol car while trying to clear a crowded scene has been placed on administrative leave. Officers responded to the intersection of South 9th Street and Pacific Avenue in Tacoma around 6 p.m. Saturday night after receiving "numerous reports" of an incident that was occurring there, according to a police press release. When authorities arrived, there were several vehicles and about 100 people blocking the intersection, police said, but did not provide additional details on the incident.

  • What type of a Republic is India? All you wanted to know about Republics

    What are the other types of Republics? More importantly, what makes a country a Republic?

  • 10 things: Kyle Lowry gets ejected in miserable return to lineup

    The Toronto Raptors slip on defense in a letdown loss to the Indiana Pacers as Kyle Lowry gets ejected.

  • Asian Stocks Drop on Stimulus Timing; Bonds Steady: Markets Wrap

    (Bloomberg) -- Asian stocks fell Tuesday as investors considered the possibility that a U.S. fiscal-relief package might be delayed and mulled extended valuations in some markets. Treasuries held an overnight climb.Stocks saw declined across the region with shares in South Korea and China underperforming. Tencent Holdings Ltd. led Hong Kong stocks lower after the internet behemoth’s market value rose to the cusp of $1 trillion for the first time Monday. The People’s Bank of China unexpectedly withdrew funds from the financial system as an advisor discussed the risks of asset bubbles in local media.S&P 500 futures slipped as Senate Majority Leader Chuck Schumer said an aid package was unlikely before mid-March and a U.S. health official expressed concern about vaccination delays. Nasdaq 100 contracts also pointed lower as investors awaited earnings from some of the biggest companies.Elsewhere, crude oil fluctuated under $53 a barrel and gold edged higher. European stocks retreated earlier. The dollar held an overnight advance.With global stocks trading around record highs, investors are looking for fresh catalysts to push them higher or at least justify current valuations. That could come from a slate of earnings reports due this week. Meanwhile, the possibility that a U.S. fiscal-relief package might be delayed is undercutting a key reason why Treasury yields climbed earlier this year.President Joe Biden said he’s open to negotiation on his $1.9 trillion Covid-19 relief proposal, and is hopeful to bring Republicans behind it, though didn’t rule out pursuing a Democrat-only route. Schumer said earlier Monday he aims to secure passage of the next round of relief by mid-March, just when jobless benefits from the last package will be running out.On the pandemic front, vaccine coverage won’t reach a point that would stop transmission of the virus in the foreseeable future, the World Health Organization said Monday. U.S. infectious-disease chief Anthony Fauci said he’s worried about delays to second doses.These are some key events coming up in the week ahead:Microsoft Corp., Apple Inc., Tesla Inc., Facebook Inc., UBS Group AG and Samsung Electronics Co. are among companies reporting results.Data on U.S. home prices and consumer confidence come Tuesday.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksS&P 500 futures fell 0.4% as of 12:40 p.m. in Tokyo. The S&P 500 Index rose 0.4%.Topix Index fell 0.7%.Kospi Index fell 1.7%.Hang Seng Index fell 2.4%.Shanghai Composite Index fell 1.2%.CurrenciesThe Bloomberg Dollar Spot Index was little changed after rising 0.2% Monday.The euro was little changed at $1.2142.The British pound was down 0.1% at $1.3666.The Japanese yen was little changed at 103.72 per dollar.The offshore yuan was up 0.1% at 6.4803 per dollar.BondsThe yield on 10-year Treasuries rose one basis point to around 1.04% after declining six basis points Monday.CommoditiesWest Texas Intermediate crude fell 0.5% to $52.51 a barrel.Gold rose 0.2% to $1,860 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • New Zealand school climate strikers call for 'can-do Kiwi attitude' to combat crisis

    New Zealand school climate strikers call for 'can-do Kiwi attitude' to combat crisis. Crowds outside parliament demand government take the same science-led approach on climate as it did on Covid

  • CBS Places Two Senior Local-TV Executives on Leave Following LA Times Allegations

    Two of CBS’s two top local-TV executives were placed on administrative leave Monday night after the Los Angeles Times raised issues about their conduct over the weekend in a two-part report that examined their treatment of people of color at specific TV stations, among other allegations. Peter Dunn, president of the CBS Television Stations, and […]

  • Mitch McConnell Backs Down In Fight Over Filibuster

    The GOP leader cited comments from two Democratic senators who reiterated their support for the Senate rule as a reason to move forward.

  • Trump campaign distances itself from new 'Patriot party'

    Trump campaign distances itself from new 'Patriot party'. Trump team rejects claims by new party’s founder that they are holding joint fundraising activities

  • Kyrie Irving sneaks jersey to Bam Adebayo past NBA's COVID-19 security

    Score one for Irving and Adebayo against the NBA's COVID-19 protocols.

  • Brokerages Want Piece of Lucrative Korean Foreign Bond Sales

    (Bloomberg) -- South Korean bond sales have been on a tear recently in global markets, but the country’s brokerages have been involved in very few of those deals. Some Korean firms want to change that.Offshore note sales by Korean issuers have jumped 160% so far this year, including a $2.5 billion offering by SK Hynix Inc., the biggest-ever dollar deal by the nation’s non-financial companies. But Korea Development Bank has been the only arranger from the country to underwrite foreign-currency bonds overseas from the nation’s issuers in 2021.Last year, other than KDB the biggest Korean underwriter of the nation’s international debt was Mirae Asset Daewoo Co., and it was way down at No. 20 in league rankings for Korean offshore note deals, according to Bloomberg-compiled data.Seoul-based KB Securities Co., which has been Korea’s No. 1 won-bond arranger for 10 years in a row, wants to boost its overseas presence too. It aims to be in the top 10 for Korean offshore note arrangers in a decade, according to Kim Sung-hyun, the brokerage’s president and chief executive officer. Last year it was No. 26.“We’ve been on the top at home, but we shouldn’t stop here,” Kim, who has more than 30 years’ experience in the securities firms industry, said in an interview in Seoul. “We’ll work with foreign banks to increase our experience at first.”An expansion of overseas debt underwriting by Korean firms would be in line with what the government has said is its goal of creating the nation’s own Goldman Sachs, a giant brokerage that could compete internationally as a crowded securities industry at home weighs on profits. So far, a lack of experience has held the brokerages back from boosting operations abroad, with European and U.S. firms even dominating sales of offshore debt by Korean issuers.Changes are afoot. KB Securities, a unit of KB Financial Group Inc., is increasing staff in its Hong Kong branch to boost the offshore bond business. It organized a syndication desk in the branch last year to secure a sales network, said Kim, the CEO.KB Securities also said in October it will work with Japan’s SMBC Nikko Securities Inc. to bolster its debt capital market department. The Korean brokerage arranged dollar bond deals by its affiliate KB Capital Co. as well as Lotte Shopping Co. last year.Other major Korean securities firms are eyeing more debt business overseas. Mirae Asset Daewoo and Samsung Securities Co. are seeking more opportunities in the offshore bond market, spokespeople for the firms said.BOK WarningExpanding abroad isn’t without risks. Korean firms will be operating in unfamiliar markets with different regulations. The Bank of Korea also warned last year that increasing overseas real estate investments by the nation’s brokerages pose potential risks in case the global commercial property market weakens due to the Covid-19 pandemic.Still, doing more business abroad is probably a step Korean brokerages need to take to grow. Securities firms in neighboring Japan may serve as a good model. The Japanese firms have become major players in global debt underwriting, including for Korean notes: last year, Mizuho Financial Group Inc. was the No. 10 arranger of Korean offshore bonds, and Mitsubishi UFJ Financial Group Inc. was No. 17, Bloomberg-complied data show.“I’ve been impressed by some of the big Japanese brokerages’ performance in the global bond market,” said Kim at KB Securities. “I thought that if they could do it, we could do it too.”(Adds detail on CEO’s experience in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Oil Slips Toward $52 as Virus Woes Loom Over Tightening Supply

    (Bloomberg) -- Oil edged lower toward $52 a barrel as a resurgent Covid-19 outbreak in some regions and a slow roll-out of vaccinations weighed on the demand outlook, offsetting tightening global supply.Futures in New York fell 0.5% after rising around 1% on Monday. A flare-up of the coronavirus in China is threatening fuel demand during the Lunar New Year period, with the government encouraging millions not to travel to prevent the outbreak from spreading further. Asian equities, meanwhile, slid as investors mulled the possibility of a U.S. stimulus package being delayed.Seaborne exports of Russia’s flagship Urals crude will drop by almost 20% in February from a month earlier, adding to lower Iraqi production and crimped Libyan shipments. Prompt timespreads for the U.S. benchmark and global Brent are in a bullish market structure and widening, indicating shrinking supplies.Oil has surged almost 50% since the end of October but the rally has started to falter amid concerns about a sustained recovery in global fuel demand. Vaccine coverage won’t reach a point where it will stop the transmission of the virus in the foreseeable future, the World Health Organization said on Monday.“Oil investors are still struggling to gauge the impact of mobility restrictions on Chinese consumption ahead of the holidays,” said Stephen Innes, chief market strategist at Axi. “Tightening supply is definitely welcomed and is a timely relief as demand was shifting lower on weaker consumption in Europe.”Brent’s prompt timespread was 20 cents a barrel in backwardation -- where near-dated contracts are more expensive than later-dated ones -- compared with a 7-cent contango at the start of the month.About 1.7 billion trips are expected across China over the Lunar New Year period, down 40% from 2019, although 15% higher than last year. The travel rush, which starts on Jan. 28 this year, runs for 40 days and is normally the biggest mass movement of people around the globe as hundred of millions of Chinese jump on planes, trains and automobiles to see their extended families.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Reckless? No, as Tom Brady must be aggressive in Bucs' scheme, INTs be damned.

    The guy who is arguably the smartest QB ever didn’t decide to force balls all over the field for no reason. This is the same guy, but with a new game plan. The inevitable interception is collateral damage. It’s the only way at this point. 

  • Nuggets' Murray tossed after hitting Mavs' Hardaway in groin

    Denver Nuggets guard Jamal Murray was ejected after what appeared to be an intentional shot to the groin area of Dallas' Tim Hardaway Jr. in the second half of their game Monday night. Murray stumbled backward after the pair collided as Denver was setting up on offense. Murray got up and reached between Hardaway's legs with his right arm, prompting Hardaway to double over.

  • Space calendar 2021: Rocket launches, sky events, missions & more!

    Here's a guide to all the rocket launches and astronomical events in 2021, as well as milestones for space missions, anniversaries and conferences.

  • US Senate Republican leader Mitch McConnell drops objection to power-sharing deal with Democrats

    Mitch McConnell, the US Senate Republican leader, said on Monday he would agree to a power-sharing agreement with Democrats, dropping demands that had held up the basic organisation and daily work of the 50-50 chamber for days. Democrat Chuck Schumer, now the majority leader thanks to Vice President Kamala Harris' tie-breaking vote, and Mr McConnell had been at odds over the Republican's request that Democrats promise to protect the filibuster, which requires a 60-vote supermajority to advance most legislation. Mr Schumer has refused to guarantee the filibuster would stay. But in a statement, Mr McConnell cited comments from moderate Democratic Senators Joe Manchin and Kyrsten Sinema, who said they would not favour eliminating the filibuster. "The legislative filibuster was a key part of the foundation beneath the Senate's last 50-50 power-sharing agreement in 2001," Mr McConnell said. "With these assurances, I look forward to moving ahead with a power-sharing agreement modeled on that precedent." A spokesman for Mr Schumer, Justin Goodman, said in a statement, "We're glad Senator McConnell threw in the towel and gave up on his ridiculous demand. We look forward to organising the Senate under Democratic control and start getting big, bold things done for the American people." Some liberal Democrats have suggested killing the filibuster to help advance President Joe Biden's agenda, though Mr Biden has not signaled support for such a move. In recent years, the 60-vote threshold has brought the Senate nearly to a halt on major legislation. With Ms Harris unable to attend every Senate session, the two party leaders have been discussing an arrangement to govern day-to-day operations, similar to one struck the last time the Senate was equally split two decades ago. Senate committees have still not been reorganised under Democratic control. Democrats could unilaterally change the rules to require only a simple majority to approve bills, a move sometimes called the "nuclear option", if all 50 members voted together and Ms Harris provided the tie-breaking vote. By declining to guarantee as part of the deal that the filibuster will be protected, Mr Schumer preserves the threat as leverage in negotiations over Mr Biden's priorities, such as a new round of coronavirus relief.

  • Boot Barn Holdings Inc (BOOT) Q3 2021 Earnings Call Transcript

    BOOT earnings call for the period ending December 26, 2020.