Daily Archive: September 28, 2020

Investors look to buck a four-week losing streak, sending global stocks higher

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Good morning. There’s plenty of green on the screens as investors shake off COVID fears, election jitters and the headwinds that come from a strong dollar.

Let’s see where investors are putting their money.

Markets update

Asia

  • The major Asia indexes are gaining in afternoon trading, with Hong Kong’s Hang Seng up 1%.
  • Ban averted. A U.S. District Court granted an 11th-hour reprieve to TikTok owner ByteDance, blocking a Trump Administration ban on the video-sharing platform that was to go into effect mere hours ago.
  • Meanwhile, the U.S. imposed export restrictions on China’s biggest chipmaker, Semiconductor Manufacturing International Corp. It’s not quite as restrictive as the sanctions slapped on Huawei, but adds loads of red tape to any U.S. firm that
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Uber granted 18-month London licence after legal battle By Reuters

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© Reuters. FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the NYSE in New York

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By Costas Pitas

LONDON (Reuters) – Uber (NYSE:) has won a legal bid to restore its London operating licence which was taken away over safety concerns, after a judge ruled on Monday that the company was a fit and proper operator despite “historical failings”.

Transport for London (TfL) refused to grant the Silicon Valley-based company a new licence in 2019 due to what it called a “pattern of failures”, including thousands of trips conducted where drivers other than those advertised picked up passengers.

Uber argued it has since assuaged concerns by improving insurance document verification systems and rolling out real-time identification.

The U.S. company was also denied a licence by TfL in 2017, in a major blow in one of its most

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