FT News Briefing Europe eases lockdowns for holidays, G20 on Covid-19 vaccines, China’s crackdown on misconduct
Nov 23, 2020
European leaders are strategizing to lift Covid-19 lockdowns just in time for the holiday season. G20 nations are uniting to ensure everyone has access to vaccines. Meanwhile, China is cracking down on financial misconduct following alarming defaults by state-owned firms. Additionally, experts discuss the ongoing economic uncertainty stemming from Brexit and its impact on investors, highlighting trade challenges and potential opportunities in the evolving market.
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Lockdown Effectiveness and Holiday Concerns
- European COVID-19 lockdowns are slowing new infections, according to Financial Times data analysis.
- Policymakers aim for a compromise: easing restrictions without causing another surge like after summer.
G20 Vaccine Distribution Goals
- G20 leaders prioritized making COVID-19 vaccines affordable and accessible during their summit.
- Despite this, wealthy nations have pre-purchased nearly all doses of the most promising vaccines.
China's Crackdown on Financial Misconduct
- China's Vice Premier pledged zero tolerance for financial misconduct following bond defaults by state-owned companies.
- These defaults shook investor confidence in the implicit government backing for such companies.