Overseas Headlines – December 8, 2020

United States:

Waning Optimism, U.S. Sanctions, Male Bastions: Eco Day

“U.S. small-business optimism dropped by more than forecast as a resurgence in the coronavirus and the election outcome more than offset favorable news about Covid-19 vaccines. Senate Majority Leader Mitch McConnell continued to tout his own stimulus plan, endangering prospects for a compromise with Democrats. The U.S. announced sanctions against 14 members of China’s National People’s Congress as the Trump administration tries to ratchet up pressure on Beijing over its crackdown on dissent in Hong Kong.”



Johnson Tells Cabinet He Is Working to Reach Deal: Brexit Update

“U.K. Prime Minister Boris Johnson told his cabinet he is working to secure a trade deal with the European Union — but warned that any agreement will have to reflect Britain’s sovereignty. Earlier, Johnson warned that a time may be coming to recognize that the negotiations have failed. “I’ve got to tell you, it’s looking very, very difficult at the moment,” he told reporters as he prepares to travel to Brussels for crisis talks with European Commission President Ursula von der Leyen in coming days.”



Bank of Korea Under Pressure to Broaden Mandate With Jobs Goal

“The Bank of Korea is facing mounting pressure to broaden its mandate for the first time in nearly a decade as global central banks are asked to tackle a wider range of economic issues highlighted by the pandemic. More than a dozen South Korean lawmakers are pushing for the passage of a bill to add employment stability to the BOK’s mandate, a goal shared by some other central banks including the Federal Reserve and the Reserve Bank of Australia.”




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