Bloomberg Businessweek - USA (2020-11-16)

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● TheEuropean
Commission
is scrutinizing
Amazon’sdualrole
asa platformfor
smallermerchants
anda retailerin its
ownright.

● ArmenianPrimeMinister
NikolPashinyansaidon
Nov. 10 thathe’ssigned
anagreementtoend
thewaroverNagorno-
Karabakh,justdaysafter
Azerbaijaniforcescaptured
a keystrategiccityin the
contestedregion.

● Anicebergthatsplitfromthe
LarsenC iceshelfin Antarcticathree
yearsagois ona collisioncourse
withtheAtlanticislandofSouth
Georgia,a breedinggroundfor
penguinsandseals.TheDelaware-size
iceberg—thelargestin theworld—may
blockpartofthecoast,accordingto
theEuropeanSpaceAgency.

● President
MartínVizcarra
ofPeruwas
unexpectedly
impeachedon
Nov. 10 over
allegationsof
corruption.

●VirginHyperloopOne,
a futuristictravelstartup
backedbybillionaire
RichardBranson,
performeditsfirsttest
runwithtwohumans
onNov.8.Thecapsule
waselectromagnetically
propelledthroughan
almost-airlesstunnelin
theNevadadesertatjust
above 100 mph.Bransonis
marketingtheconceptin
IndiaandDubai.

● TheEUimposed
tariffson

$4b
ofU.S.goodsstartingon
Nov.10,escalatinga trans-
Atlanticfightoverillegal
aidtoplanemakersBoeing
andAirbus.TheU.S.raised
levieson

$ 7. 5 b
ofEUproductsin 2019.

◼INBRIEF BloombergBusinessweek November 16, 2020

ILLUSTRATION BY SAMANTHA SLINN


● Denmark began the mass culling of minks amid concern about a coronavirus
mutation detected in its fur farms. The government had planned to eradicate the
entire population of 17 million minks, but the move lacked Parliament’s backing.

The competition watchdog suspects
the online giant might abuse its position
by using data from independent
sellers on its marketplace to push its
own products. The company said it
disagrees with the EU’s assertions.

Lawmakers voting to force him from
office also cited the economic crisis
and mismanagement of the pandemic.
The head of congress, Manuel Merino,
was sworn in as interim president.
SaudiArabiahoststheGroupof 20 summitonNov. 21 - 22,
the first time it will take place in the Arab world, albeit
virtually. While President Trump says his farewells, other
leaders will chart a path into a post-pandemic era.

▶ A New Hope


◼ AGENDA


▶Chinareleases
figuresforOctober’s
industrialproduction
onNov.16.Theworld’s
second-largest
economyis rapidly
recoveringfromits
first-quarter slump.

▶ The Bank of Thailand
reveals its rate decision
on Nov. 18. Governor
Sethaput Suthiwart-
Narueput will be chairing
his first monetary policy
committee meeting.

▶ The CEOs of Twitter
and Facebook are set to
testify on Nov. 17 in a U.S.
Senate hearing about
their attempts to halt the
spread of a contentious
article about Joe Biden’s
son Hunter.

▶ On Nov. 20-22,
Germany’s Greens hold
their party conference.
They want to play
an active role in the
government that forms
after Chancellor Angela
Merkel steps down.

▶ Volume 1 of Barack
Obama’s presidential
memoir comes out on
Nov. 17. A Promised Land
covers his early political
life and first few years
in office.

▶ EU leaders gather
virtually for a coronavirus
summit on Nov. 19. Many
of its members are back
in a state of lockdown
to combat a second
outbreak of the disease
in Europe.
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