Biden is going to be in charge of the world’s largest economy as president-elect of the United States of America in January 2021
SHANGHAI/TAIPEI (Reuters) – Apple said on Monday it has put its Taiwanese supplier Pegatron on probation after finding that the company violated Apple’s supplier code of conduct by asking student employees to work night shifts or overtime.
Pegatron had mis-classified student workers and falsified paperwork to disguise the violations, and in some cases also breached the code by allowing students to perform work unrelated to their majors, the U.S. technology giant said.
Pegatron is one of a handful of Taiwanese manufacturers on the island, alongside Foxconn, who dominate Apple’s iPhone assembly chain.
“Several weeks ago, we discovered Pegatron – one of Apple’s suppliers in China – violated Apple’s Supplier Code of Conduct in its administration of a student work study programme,” it said in a statement.
“Apple has placed Pegatron on probation and Pegatron will not receive any new business from Apple until they complete all of the corrective actions required.” Apple did not declare the terms of the probation.
Apple’s investigations had found no evidence of forced or underage labour, it said, adding that Pegatron had now fired the executive with direct oversight of the programme.
“The individuals at Pegatron responsible for the violations went to extraordinary lengths to evade our oversight mechanisms,” Apple said.
Pegatron’s shares closed down 2.1% on Monday, underperforming a 1.2% rise in the broader Taipei market.
Pegatron said in a separate statement that student workers at its Shanghai and Kunshan campuses had been found working without complying with local rules and regulations.
It did not address in its statement how being put on probation by Apple might impact the company. Pegatron reported a T$19.3 billion ($676 million) (512.6 million pounds) profit in 2019, up 74% on the previous year.
Apple and its suppliers have been accused of poor labour practices in the past, but the U.S. company has been trying to get a grip over such issues by releasing annual reviews of the iPhone supply chain.
In 2017, Apple and Foxconn said a small number of students were discovered working overtime in one of the latter’s Chinese factories, violating local labour laws.
In July the third major Taiwanese assembler of the handset, Wistron, sold two smaller factories in China to Dongguan-based Luxshare, a fast-growing firm emblematic of China’s rising home-grown suppliers which are gradually increasing rivalry with the Taiwanese giants.
(Reporting by Josh Horwitz in Shanghai and Yimou Lee in Taiwan; Writing by Brenda Goh; Editing by Ana Nicolaci da Costa and Kenneth Maxwell)
Japan on Monday welcomes the visit of South Korea’s intelligence chief Park Jie-won as an opportunity to discuss frosty ties between Seoul and Tokyo, the government’s chief spokesman said. “Ties between Japan and South Korea are strained and for these two long-time friends to meet and talk is meaningful,” Chief Cabinet Secretary Katsunobu Kato said during a regular press briefing.
A suicide car bomber in Afghanistan killed at least four people and wounded 40 in an attack on a police base in the country’s southern Kandahar province, a provincial official said Monday. Paramedics still searched the rubble of homes destroyed by the blast hours after the attack late Sunday night in the province’s Maiwand district, said Mohammad Ashraf Nadery, the provincial director of Kandahar’s public health department. No group immediately claimed responsibility for the attack, though suspicion immediately fell on the Taliban.
While investors are obsessed with Tesla’s surge, legendary investor Whitney Tilson says an even bigger EV story will provide the highest gains.
(Bloomberg) — Global equities headed for a record high amid optimism about the outlook under a Joe Biden presidency. The dollar extended declines.Last week’s embrace of risk continued Monday after Biden was declared the winner of the U.S. election over the weekend. S&P 500 futures rose about 1.5%, building on the strongest week since April for the benchmark, as the president-elect launched his transition effort. Contracts on the tech-heavy Nasdaq 100 index, which have outperformed since Tuesday’s vote, were up more than 2%.Gains were broad-based in Asia and European stocks opened higher. The yuan and euro rose alongside the Australian and New Zealand dollars. Treasuries were steady and oil pared some of Friday’s slide. Turkey’s lira surged after the installment of a new central bank chief.Biden in his victory speech promised swift action against the pandemic and an orderly transfer of power, though President Donald Trump is weighing legal challenges and has so far refused to concede. As of Sunday there was a growing sense among Trump’s allies that he’d lost.“A GOP senate majority should ensure that Trump’s pro-business policies stay intact,” said Joyce Chang, chair of global research at JPMorgan Securities. “For stocks, this is likely the best of both worlds.”With global equities heading for an all-time high closing level and coming off their best week since April — they rose more than 7% — investor focus will likely return to the global economic recovery. That remains under threat from the resurgent coronavirus, with worldwide cases of Covid-19 surpassing 50 million.The U.S. reported more than 100,000 new infections for a fourth consecutive day. Total U.S. cases neared 10 million with no slowdown in sight. Japan is facing rising infections in the northern island of Hokkaido.China remains a relative bright spot, with trade data over the weekend showing Asia’s largest economy is continuing to recover.These are some key events coming up:Brexit trade-deal talks between the U.K. and EU continue in London Monday with several tricky sticking points remainingTuesday is the EU’s target date for triggering tariffs on as much as $4 billion of U.S. goods in retaliation over illegal aid to Boeing Co.Alibaba holds its annual Singles’ Day on Wednesday, an online global shopping phenomenon that had $38 billion of sales last yearECB President Christine Lagarde, BOE Governor Andrew Bailey and Fed Chair Jerome Powell are among the speakers Thursday at an online ECB Forum entitled “Central Banks in a Shifting World”Finance ministers and central bankers from the Group of 20 hold an extraordinary meeting Friday to discuss bolder action to help poor nations struggling to repay their debts.These are the main moves in markets:StocksFutures on the S&P 500 Index increased 1.2% as of 8:07 a.m. London time.The Stoxx Europe 600 Index climbed 1.5%.The MSCI Asia Pacific Index rose 1.3%.The MSCI Emerging Market Index gained 1.2%.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.2% to 1,147.79.The euro rose 0.2% to $1.189.The British pound gained 0.1% to $1.3176.The Japanese yen weakened 0.1% to 103.49 per dollar.BondsThe yield on 10-year Treasuries declined less than one basis point to 0.82%.The yield on two-year Treasuries declined less than one basis point to 0.15%.Germany’s 10-year yield fell one basis point to -0.63%.Britain’s 10-year yield decreased one basis point to 0.262%.CommoditiesWest Texas Intermediate crude gained 1.5% to $38.08 a barrel.Gold strengthened 0.3% to $1,958.17 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Despite this company’s jaw-dropping success over the past few years, most investors have still never even heard of this company’s name! Until now.
The company said it could not provide guidance but that business might slow over the next two years.
To the Nasdaq Copenhagen 9 November 2020 Prepayments (CK93) Pursuant to s 24 of the Danish Capital Markets Act, Nykredit Realkredit A/S hereby publishes prepayment data (CK93) as at 6 November 2020 in the attached file. Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/en-gb/investor-relations/financial_reporting/prepayments/. For further information about data format and contents, please refer to the Nasdaq website. Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21. Yours sincerelyNykredit Realkredit A/S
Prepayments – Nykredit Realkredit A_S – 09-11-2020
eordindf – 09-11-2020
To the Nasdaq Copenhagen 9 November 2020 Prepayments (CK93) Pursuant to s 24 of the Danish Capital Markets Act, Totalkredit A/S hereby publishes prepayment data (CK93) as at 6 November 2020 in the attached file. Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/en-gb/investor-relations/financial_reporting/prepayments/. For further information about data format and contents, please refer to the Nasdaq website. Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21. Yours sincerely Totalkredit A/S
eordindftk – 09-11-2020
Prepayments – Totalkredit A_S – 09-11-2020
Great customer experience (CX) sets businesses apart and promotes lifelong loyalty. So why do so many companies struggle with it?
John Oliver has expressed his relief over Joe Biden’s win in the 2020 US election, saying Donald Trump’s “bulls*** did not work this time”. Showing a news clip of Biden being announced as the winner, with 290 electoral college votes, a visibly excited Oliver said: “Yeah, that definitely happened.” Because it combined complete euphoria, an abiding disgust for Rudy Giuliani and this time, people were actually dancing on the rooftops in New Jersey.
Perfect proof was provided Sunday in Big D, where the unbeaten Steelers nearly had a Big Debacle against the woeful Cowboys. Sure, the resilient and versatile Steelers came back after trailing all day to win 24-19 against an opponent they should have shoved aside without breaking a sweat. Instead, because they were as flat as the turf in Jerry Jones’ palace, they had to sweat out everything.
08:00 London, 10:00 Helsinki, 09 November 2020 – Afarak Group Plc (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR) AFARAK CHANGE IN MANAGEMENT TEAM Stock Exchange Release Afarak announces that Mr Melvin Grima, Chief Financial Officer, will leave the company at the end of the year. The company extends its gratitude for the excellent job performed by Mr Grima over the years and wishes him all the best for his future career. With the current environment, the CFO function will not be replaced, and the responsibility will be entrusted to the CEO with the support of the current Finance team. In this respect the Company has appointed Ms Kylie Gauci, the Group’s Finance Controller, as Group Finance Manager. Ms Gauci, a Maltese national and resident has been with the Company since 2014 and has occupied senior positions within the finance function. Afarak’s CEO, Guy Konsbruck, said that “Kylie Gauci has been with the Company for a number of years. Her experience and excellent performance made it easy for me to entrust her with the finance manager position.” Guy Konsbruck CEO For additional information, please contact: Guy Konsbruck, CEO, +356 2122 1566, [email protected] Financial reports and other investor information are available on the Company’s website: www.afarak.com. Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK). Distribution: NASDAQ Helsinki London Stock Exchange Main media www.afarak.com
The clock just started on the biggest financial event in 20 years. Fortunes will be made and lost. Here’s how to prepare – before 2020 comes to an end
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In a politically torn, culturally divided and socially splintered America, there was one thing nearly everyone could agree on: Alex Trebek was awesome. At at time when emotions, opinions and personal details feel like they’re at the center of every broadcast, post and podcast, the exceedingly Canadian Trebek held them all in check, instead valuing formality and factuality, dignity and decorum. Six nights a week for 36 years, after the evening news and before the firebrands of primetime cable opinion shows, Trebek brought together liberals and conservatives, city dwellers and rural folk, grandparents and grandchildren for a half-hour of brainy exercise.
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Apple, Pegatron, Hon Hai Precision Industry Co., Ltd., Bloomberg, iPhone
World news – GB – Apple puts Taiwanese supplier Pegatron put on probation over student workers