• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Thursday, November 5, 2020 Headlines

FTD Limited by FTD Limited
November 5, 2020
Reading Time: 4 mins read
A A
US Vice President refused to remove Trump from power; China allowed entry for WHO experts; Fed officials: ‘'Support should not be discussed'’
0
SHARES
46
VIEWS
tweetpostshare

Here is the list of news you need to catch up for today:

  1. John Lewis to Cut 1500 Jobs as UK Back in Quarantine and Pandemic Hits the Sales
  2. Joe Biden has won 264 of the 270 electoral colleges as the US vote counting continues
  3. Announcements About Brexit Negotiations After 2 weeks of Intensive Talks

John Lewis to Cut 1500 Jobs as UK Back in Quarantine and Pandemic Hits the Sales

John Lewis, one of the UK’s leading retail chains, announced that 1,500 people will be laid off. The company announced plans as part of efforts to make £300m in annual cost savings and return to profitability of its 5 years plan by 2025.

The 91-year-old company, which sells many products from home textiles to clothing and electronic devices, announced that the layoffs are planned to be made mostly from the head office.

The company said the latest cuts would save £50m a year and would involve the loss of jobs in its strategy, commercial development and operations teams.

Including all of its subsidiaries, John Lewis employs approximately 80,000 people.

Its finance director, Patrick Lewis, the great grandson of John Lewis’s founder and the only family member still working for the business, has also decided to leave at the end of this year ending a 26-year career.

British Prime Minister Boris Johnson announced last weekend that the country would go into 4-week quarantine due to the increase in Covid-19 cases.

Photo: Jon Tyson/Unsplash

Joe Biden has Won 264 of the 270 electoral colleges as the US Vote Counting Continues

Democratic presidential candidate Joe Biden has neared the magic number of 270 electoral votes needed to win to declare victory, strengthening his lead with wins in Michigan and Wisconsin on Wednesday. Donald Trump, for the time being, has 214 electoral college votes after gaining one vote in Maine.

If Biden wins the votes in Nevada, he would eventually have the necessary 270.

Meanwhile, Trump claimed on Twitter that his opponents are trying to steal the election. However, since there is no proof of his claim, Twitter restricted access to the post, saying parts or all of the message are disputed.

“We are up BIG, but they are trying to steal the election. We will never let them do it. Votes cannot be cast after the Polls are closed!” Trump wrote on his Twitter account.

It has to be noted that, it is still possible for Trump to win. President Trump is expected to win three electoral college votes, taking him to 217. In order to guarantee the other 53 votes he needs for the victory, he would need to win all four left states and their 57 votes, making: Nevada (6 votes), North Carolina (15 votes), Georgia (16 votes) and Pennsylvaia (20 votes).

“I will govern as an American president,” Biden said. ”There will be no red states and blue states when we win. Just the United States of America.”

Announcements About Brexit Negotiations After 2 weeks of Intensive Talks

The UK and EU announced that differences in opinions still remain in Brexit negotiations even after two weeks of intense talks.

U.K. chief negotiator David Frost said on his Twitter account  that: “Wide gaps remained on some core issues” , but he insisted there had been “progress made.”

His EU counterpart Michel Barnier sounded more pessimistic about negotiations with no mention of progress. “Despite EU efforts to find solutions, very serious divergences remain in level playing field, governance & fisheries,” he said. “These are essential conditions for any economic partnership.” Barnier added that the EU was “prepared for all scenarios.”

One diplomat from Brussel mentioned that: “The U.K. does not seem to be engaging sufficiently on key issues like level playing field, governance, and fisheries.” Meanwhile, another EU diplomat mentioned that a lot of work still remains to be done while the clock is ticking.

David McAllister, the chair of the European Parliament’s U.K. Coordination Group, told that his optimism was dropping. “Yesterday I would have said I am cautiously optimistic. However, today we heard from Michel Barnier that there was no movement from the United Kingdom, and of course we are now under great time pressure,” he said.

McAllister announced that on Thursday and Friday of this week, the deputy officials will continue the technical talks, while Barnier and Frost will meet again on Sunday.

Nevertheless, Bernd Lange, the chairman of the European Parliament trade committee, raised his concerns and fear that that time might run out to evaluate a deal. “I am on the verge of losing my patience and rejecting the project because it really can no longer comply with democratic principles,” the chairman said.

Tags: BrexitBrexit negotiationsDAILY NEWSDAILY UPDATESDonald TrumpJoe BidenJohn LewisUS ELECTIONS
TweetShareShareSend
Previous Post

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Next Post

Hours Left to FOMC as the Election Uncertainty Continues

Related Posts

COT Weekly Non-Commercial Net Positions
CFDS

COT Weekly Non-Commercial Net Positions

Silver Slowed Down After the Massive Run
CFDS

Silver Slowed Down After the Massive Run

S&P 500 Bulls to Make Another Attempt to Break the Trend
DAILY UPDATES

S&P 500 Bulls to Make Another Attempt to Break the Trend

Mixed Course in Asian Stock Markets
DAILY UPDATES

Mixed Course in Asian Stock Markets

Oil prices
DAILY UPDATES

Break to China Rally in Oil

IMF
DAILY UPDATES

Year-End Forecast from IMF

Next Post
FOMC - Federal Open Market Committee

Hours Left to FOMC as the Election Uncertainty Continues

You might also like

Monthly FX Market Outlook

Monthly FX Market Outlook

What is RSI

What is RSI and How to Use It Effectively? 

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

Recent Posts

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend
  • Mixed Course in Asian Stock Markets
  • Break to China Rally in Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.