European Economics Preview: Bank Of England Monetary Policy Decision Due
The monetary policy announcements from the Bank of England and the Swiss National Bank are due on Thursday, headlining a busy day for the European economic news.
At 2.00 am ET, the European Automobile Manufacturers Association is set to issue Europe’s new car registrations data for November.
At 2.45 am ET, the French statistical office Insee releases business survey results.
At 3.30 am ET, the Swiss National Bank announces its policy decision. The bank is forecast to retain the policy rate and interest on sight deposits at the SNB at a record low -0.75 percent.
In the meantime, Statistics Sweden is slated to issue unemployment data for November. The jobless rate is forecast to rise to 8.4 percent from 7.8 percent in October.
At 4.00 am ET, Norges Bank is set to publish the interest rate decision.
At 5.00 am ET, Eurostat publishes euro area final consumer price data. According to flash estimate, consumer prices were down 0.3 percent on a yearly basis in November. The statistical office is expected to confirm the initial estimate.
Greece unemployment data is also due at 5.00 am ET.
At 7.00 am ET, the Bank of England announces the outcome of its monetary policy meeting. The nine-member committee is expected to hold the key rate a record low 0.10 percent and the asset purchase programme at GBP 895 billion after raising it by GBP 150 billion in November.
A workshop in Spain is using 3D-printing tech to make 'fake' versions of ancient masterpieces
- A workshop in Spain uses 3D-printing technology to recreate priceless works of art.
- The digital techniques are giving new life to old masterpieces by repairing damage, rejuvenating long-lost color, and even piecing back together broken fragments.
- Some critics have accused the workshop, Factum Arte, of forgery, but the founder maintains the works are simply highly faithful facsimiles of the originals.
- View more episodes of Business Insider Today on Facebook.
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England halts flights from South Africa as coronavirus variant spreads
LONDON (REUTERS) – Britain’s transport minister said he had ordered flights and arrivals from South Africa to be halted after a potentially more infectious variant of the novel coronavirus that causes Covid-19 had spread to Britain.
“I’ve taken the decision to temporarily stop flights and arrivals entering England from South Africa from 9am tomorrow (Thursday, Dec 24) following an outbreak of a new strain of coronavirus,” Transport Secretary Grant Shapps said.
N.B.A. Postpones Rockets Game, an Early Test of Its Virus Rules
The N.B.A. is postponing a game on just the second day of its season because the Houston Rockets did not have enough players to compete after multiple players received positive or inconclusive coronavirus test results and their star guard James Harden violated the league’s health protocols.
The Rockets were to have faced the Oklahoma City Thunder on Wednesday.
This is a developing story.
‘Amazon bid to control Future violates FEMA FDI’
FRL puts out its analysis of judgment
The Delhi High Court has ruled that U.S. e-commerce giant Amazon’s attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA FDI rules, the Kishore Biyani-led firm said on Wednesday.
Giving out its analysis of the Delhi High Court’s December 21 judgment, Future Retail Ltd. (FRL) in a filing with stock exchanges said its board approving a ₹24,713 crore deal to sell assets to Reliance Retail has been held “valid in law” by the court. It said the entire legal basis of the emergency arbitration award that Amazon secured to halt the ₹24,713 crore deal, “stands vitiated”. The High Court had on Monday upheld Amazon’s right to make representations to statutory authorities against the Future Group-Reliance Retail deal.
It, however, made several observations could potentially upend the U.S. giant’s 2019 investment in Future Coupons Pvt. Ltd.
North London shooting: Reports of shots fired at Wood Green business premises
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A crime scene is in place on Lordship Lane / High Road, N22 after shots were fired at a business in Wood Green, according to reports on social media.
Met Police say they were called at 8:47pm, according to Parikiaki news.
Nobody is believed nor have any arrests been made, it said.
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Trump issues new wave of pardons, commutations
George Papadopoulos: ‘Extremely grateful’ for Trump pardon
Former Trump campaign adviser George Papadopoulos argues there’s been a ‘target’ on him from the moment he started working for the president.
Just before heading to his private club in Palm Beach for Christmas Wednesday, President Trump issued a new wave of 26 pardons and three commutations.
Prominent names included in the list of pardons are former Trump campaign manager Paul Manafort and adviser Roger Stone, who were prosecuted in Special Counsel Robert Mueller's investigation into election interference in the 2016 election.
Other names included in the pardons are Charles Kushner, the father of Trump's son-in law, Jared Kusher, who was convicted and sentenced to two years for preparing false tax returns, witness retaliation, and making false statements to the Federal Election Commission, and Margaret Hunter, the estranged wife of former California Republican Congressman Duncan Hunter. She pleaded guilty in 2019 to one count of conspiracy to misuse campaign funds for personal expenses and was sentenced to three years' probation.
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This is a developing story. Please check back for updates.