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Wednesday, January 22, 2020
Stocks Advance After Virus-Triggered Sell-Off: Markets Wrap
(Bloomberg) -- Stocks climbed alongside U.S. index futures after China took steps to contain the spread of a deadly virus that had rattled international markets. Haven assets retreated.Gains in utilities and media shares led the Stoxx Europe 600 Index higher at the open, taking a cue from Asia, where the major markets rebounded. Shanghai shares erased losses after Beijing...
Chinese tourism would be hit by prolonged outbreak
A man wearing a protective mask takes pictures on the promenade of the Bund along the Huangpu River in Shanghai on January 21, 2020.Hector Retamal | AFP | Getty ImagesIf China's new coronavirus turns into a prolonged outbreak, the country's travel and leisure industry will likely be among the hardest hit.News of the pneumonia-causing virus first emerged in late...
IBM reports surprise revenue rise on cloud growth
Jan 21 (Reuters) - International Business Machines Corp on Tuesday reported a surprise rise in revenue, its first in six quarters, benefiting from its high-margin cloud computing business.Revenue from the cloud business, which is crucial as IBM pivots away from its established businesses including mainframe servers, rose 21% to $6.8 billion in the fourth quarter ended Dec. 31.Over the...
Leaders doubt Trump reaches phase 2 China deal by end of term
Donald Trump delivers a speech at the Congres center during the World Economic Forum (WEF) annual meeting in Davos, on January 21, 2020.Fabrice Coffrini | AFP | Getty ImagesDAVOS, Switzerland – Many business leaders at the World Economic Forum aren't convinced the latest round of trade negotiations between China and the U.S. will yield a "phase two" deal before the end...
Wall Street Wants to Conquer China. Here’s What May Go Wrong
(Bloomberg) -- China’s financial opening could be a classic case of be careful what you wish for.The opportunity of making inroads in the world’s second-largest economy is prompting the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co. to detail expansions that some estimate will see $1 trillion plowed into China. Plans to throw open the $45...
Latest News Today 1
Uganda’s President Yoweri Museveni has said that African countries failed to stop Western countries from attacking Libya in 2011. The intervention by the West led by the United States and a...
Latest News Today 2
Africa’s richest woman, Isabel dos Santos is wanted back in Angola by state prosecutors who intend putting her on trial for alleged corrupt dealings. Isabel dos Santos is currently facing graft...
Latest News Today 3
Nigeria’s President Muhammadu Buhari has revealed that the closure of the country’s borders since last year was not entirely because of the smuggling of rice as was widely reported. On Monday...
Latest News Today 4
Dear Coleen I’ve been with my husband for eight years and we’ve always been very happy until a couple of months ago when I found some messages from him to a woman at work on his mobile. I was taken aback – the messages were flirty and they seemed very close, but there was nothing sexual. I’ve...
Latest News Today 5
Ghanaian entrepreneur Eyetsa Lorraine Ocloo is giving instructions to her staff at her newly built African artworks shop called ‘The Shop Accra’. The shop serves as a creative hub for over...

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