Rio Tinto's destruction of sacred Indigenous rock shelters in Australia this year has dismayed and galvanised a swathe of investors who want big changes in how mining firms manage heritage issues and have begun to tell them so. They have stepped up communication with mining companies both in volume and frequency, putting them on notice to improve accountability and risk management, according to Reuters interviews with two dozen major investors and corporate governance advisers. Regnan is part of the Pendal Group which has some A$94.8 billion(52.22 billion pounds)under management.
Consumers and businesses are spending on notebooks at a rate Dell has not seen in over a decade, according to an earnings presentation, helping its client solutions group rake in a record $12.29 billion in revenue, up about 8% from a year earlier. Global shipments in the traditional PC market, which includes desktops, notebooks, and workstations, jumped 14.6% year-over-year to 81.3 million units in the third quarter of 2020, according to data from IDC. While the health crisis lifted demand for Dell's remote workstation products, the company's data center business remained under pressure, with revenue from the unit falling about 4% to $8.02 billion in the quarter.
Biden sits for first interview since becoming president-elect
British finance minister Rishi Sunak, who has already pledged over 200 billion pounds to fight the COVID-19 crisis, will free up more cash on Wednesday against the backdrop of the heaviest public borrowing since World War Two. Sunak will announce extra investment to ease a backlog in the health system, counter a surge in unemployment and build new infrastructure in a one-year Spending Review that he is due to deliver to parliament at around 1230 GMT. With Britain's full exit from the European Union approaching on Dec. 31 - and no new trade agreement yet secured - Sunak is likely to announce more spending on customs operations and possibly replacement subsidies for farmers.
Donald Trump’s quixotic attempt to overturn the results of the 2020 election has created a fissure within his own ranks, as top campaign officials and allied donors seek distance from a legal effort that they increasingly view as a pointless laughingstock.The breakdown, sources with direct knowledge say, has been evident for some time just below the surface. Staff in leadership roles on the 2020 reelection campaign have disappeared from public view. Others, including campaign manager Bill Stepien, have had limited to no involvement in the legal campaign to challenge the vote results in key states, and have privately said they want nothing to do with it. And committees ostensibly tasked with ginning up support for the president have stayed conspicuously on the sidelines.Increasingly, however, the disagreements are bursting into the open, with operatives, lawmakers, and money men saying they find no utility in what Trump is currently doing.“The president is entitled to whatever legal defense he wants to have. I don’t think it’s going anywhere. But he’s entitled to it, and I am not going to contribute any funds to that. I will in fact plead with him to concentrate on Georgia’s Senate races and I’ll contribute to that,” businessman Shalabh “Shalli” Kumar, a Trump and GOP mega-donor who leads the Republican Hindu Coalition, said in an interview on Tuesday.Kumar added, “I’m currently writing messages to Jared Kushner and the White House political apparatus there on this issue.” Though he said he firmly believes that the outgoing president “could come back with a vengeance in 2024” and “could get a landslide in 2024,” he called a recent press conference featuring Trump’s lawyer Rudy Giuliani “a joke.”“This is all,” Kumar said, “crazy, lunatic stuff.”Kumar’s concerns are not the type of public utterance one would expect from a political party’s key players during a piqued battle over the presidency. But they reflect the confusion among the more established Trump figures about what the president’s ultimate end game is.Various senior officials in the administration and 2020 Trump campaign have rolled their eyes at the legal and messaging blitz (while continuing to play along), top allies to the president are largely preparing for the post-Trump era and encouraging the White House to do the same.While the campaign and the Republican National Committee have been in high-gear since election day, the president’s top independent political groups have largely sat out the fight. America First Action, Trump’s “official” super PAC, hasn’t purchased any television airtime to, say, pressure state officials to back the president’s position on supposedly widespread election fraud. Preserve America, a high-dollar super PAC created late in the campaign to support Trump’s reelection, also appears to be laying low.“No idea why they’ve gone quiet,” said Foster Friess, a high-dollar Republican donor who chipped in $250,000 to America First this year. “Maybe they’ve run out of money.”Last week, Stephen Moore, a campaign surrogate and outside economic adviser to the president, said the election was over, and that Trump should focus on making it as hard as possible for President-elect Joe Biden to undo his policies. On Monday, Axios quoted Blackstone CEO Steve Schwarzman, a prominent Trump confidant, as saying: “the outcome is very certain today, and the country should move on.”Asked on Friday what the president should do between now and the inauguration, Art Laffer, a conservative economist who has directly advised Trump for years, told The Daily Beast, “I don’t know what he could do. What can he do?” In a statement strikingly unique among Trump’s advisers and allies, Laffer also reserved some high praise for Biden and Vice President-elect Kamala Harris, and even stated an openness to working with them.“If we are going to have a Democratic administration, I am glad we have a Biden-Harris one. I have no grudges against Harris or Biden. None. And Biden has handled himself honorably throughout his entire political career to my knowledge, and so has Harris,” he said. “She seems like a very cool person, and a very positive person. And so does Biden. Trump, of course, is my number one choice. He's done a fantastic job. But Harris and Biden are no AOC, [and] if any of Biden's people asked me to come in and talk about economic policy at the White House, I would certainly do it.”Team Trump Leaders, Including Campaign Manager Bill Stepien, Have No Faith in RudyNeither the Trump campaign nor Giuliani responded to requests for comment for this piece. But while their efforts may be bleeding prominent allies, there are those who still insist that there is merit to and support for them.One party official familiar with the recount strategy said it was immaterial that big-name donors were non supportive since there had been massive grassroots money rolling in to fill the void. The source said that in the first few days following the election, The Trump Make America Great Again Committee—the joint fundraising account to which most of the money from these fundraising pitches—was getting “well over ten million dollars a day online.”“I’m not aware of many folks beyond [campaign lawyer] Jenna [Ellis] and Rudy who think there is any path forward,” the source said. “But the base does.”An OAN Host Has Been Helping Rudy With Trump’s Legal EffortsA clue for just how successful the money raising is going can be found elsewhere too. Initially, donations to the committee were being split between retiring campaign debt and funding recount efforts. But less than two weeks after election day, the committee changed that formula, redirecting the 60 percent of each donation that had initially gone towards paying down campaign debts to a new group called Save America—leaving the suggestion that the debt had been retired.Save America is what’s called a leadership PAC, a vehicle that Trump can use to disburse money to political allies—and otherwise keep his political apparatus humming in advance of a potential 2024 comeback run. In a sign that it’s already looking past the 2020 election, the Trump Make America Great Again Committee once again adjusted donation allocations last week, upping the percentage of each contribution going to Save America from 60 percent to 75 percent.It’s not the only sign of a softening stance on the state of Team Trump’s increasingly desperate efforts to cling to power. The Trump Make America Great Again Committee’s incessant “Election Defense Fund” fundraising emails have started hedging their language when it comes to allegations of widespread voter fraud. Ten such emails since last Tuesday say Trump’s legal team has “reportedly” uncovered mass voter fraud or that voting “reportedly took place after the Election was over.”Even the true diehards have begun to notice.“The big question is, do you have enough evidence to change enough votes and can you prove that with evidence so that the court will take up the case,” said former Rep. Jack Kingston, a Trump surrogate who seems, at times, like he’d rather endure invasive dental surgery than utter a bad word about the president. “I think they’re working diligently to get there. But I don’t think they’re there yet.”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
If confirmed, Mayorkas would become the first immigrant and first Hispanic American to lead the sprawling department, which, among its various responsibilities, oversees the U.S. immigration system and border security.
"Well, that was weird as s**t," one journalist was heard commenting.
Alberta Premier Jason Kenney has declared a public health emergency in the province, adding enhanced restrictions to stop the spread of COVID-19 for at least three weeks.
New Zealand's central bank on Wednesday said it would re-impose mortgage curbs next year and work with the government on fixing a housing crisis, reinforcing views that deeper cuts to interest rates into negative territory are now less likely. The government on Tuesday sent a letter to the Reserve Bank of New Zealand (RBNZ) asking it to consider factoring property prices as part of its policy remit amid broad concerns about housing affordability. RBNZ Governor Adrian Orr said the central bank would consider the government's proposal but would need to assess the impact such a change would have on its objective of maintaining financial stability.
U.S. oil edged lower on Wednesday, after an industry report showed crude stockpiles in the United States rose against expectations, tempering a rally driven by news that another vaccine against COVID-19 had proved effective in trials. West Texas Intermediate crude was down 14 cents, or 0.3%, at $44.77 a barrel by 0035 GMT, after rising more than 4% on Tuesday. Brent crude was yet to trade, having risen almost 4% in the previous session.
The Marlin Firearms brand -- a famous line of lever-action rifles, bolt-action hunting rifles, and .22 rimfire semi-automatic long guns -- became the property of Sturm, Ruger & Company (NYSE: RGR) as the final step in an acquisition that began earlier this year. Marlin Firearms was previously owned by Remington Outdoor Company, which went bankrupt and was fully liquidated in September 2020. Marlin's lever-action rifles became popular with the rising use of scopes in the last two decades of the 20th century, with their side ejection making scope mounting easier.
JD Health International Inc is seeking to raise up to $3.5 billion by selling 381.9 million shares in a range of HK$62.80 and HK$70.58 at its Hong Kong initial public offering (IPO), according to a term sheet obtained by Reuters. There is a greenshoe option to sell a further 15% of stock in the online healthcare platform of China's e-commerce giant JD.com that would take the size of the IPO, set to be Hong Kong's biggest this year, up to $4 billion. Six cornerstone investors led by GIC, Tiger Global and BlackRock have taken up to $1.35 billion worth of stock in the deal, the term sheet showed.
Asian stocks made early gains on Wednesday, following a world rally overnight that saw the Dow Jones benchmark crack 30,000 for the first time as investors cheered a dramatically improved global outlook. The main drivers of that exuberance were increasing confidence a COVID-19 vaccine would be ready soon and the formal start of U.S. president-elect Joe Biden's transition to the White House, which ends weeks of post-election political uncertainty. President Donald Trump's apparent willingness to comply with the formal transfer of power also boosted investor sentiment, following weeks of legal challenges to the election results.
Past winners of The Great British Bake Off fell in love with baking at their grandmother's knee. This year's star baker is a little different. At the tender age of 20, Peter Sawkins can barely remember life before Bake Off and as he grew up watching it the show inspired him to take up baking. Last night, the Edinburgh university student became the show's youngest winner, beating fellow finalists Laura Adlington and Dave Friday. "It's a show I've watched all my life," Mr Sawkins told Paul Hollywood on the show. "Don't say that, it makes me feel really old," Hollywood replied. Mr Sawkins was favourite to win from early in the series. After receiving the trophy, he said: "I can't quite believe that I am here, I can't quite believe that I made it on to the show, and I can't quite believe that the show happened. This is going to be a really huge chapter in my life, and what a way for it to end."
The Australian Open is likely to be delayed by a week or two as negotiations between organisers, the tennis tours and the Victoria government over health measures continue, the state's sports minister said on Wednesday. "There's a number of potential dates on the table," Victorian Sports and Tourism Minister Martin Pakula told reporters in Melbourne. As you know, the French Open was delayed by many months and Wimbledon didn't occur at all.
On Tuesday the Los Angeles County Board of Supervisors heard details about a new “targeted” stay-at-home order that would prohibit all public and private gatherings of people not in the same household and require individuals to stay home “as much as possible.” The proposed order met with no objections from the board, but it was […]
Australian Open delay 'likely' outcome of government talks with Tennis Australia * Victorian sports minister says one or two-week delay is probable * Players have been told they won’t be allowed into Victoria until January
The president-elect told NBC News that the Trump administration’s outreach has been “sincere” since the transition of power formally began.
Republican National Committee Chairwoman Ronna McDaniel responds on 'The Story'
The relaxation of Covid-19 restrictions over Christmas could lead to a third wave of the virus, a member of the Government's scientific advisors has warned. Professor Andrew Hayward said the planned move to ease measures over the festive period amounts to “throwing fuel on the Covid fire”. “We are still in a country where we have got high levels of infection with Covid, particularly in young people,” Prof Hayward added.