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Amy Coney Barrett to say she will judge cases on law not personal views | Amy Coney Barrett

October 11, 2020

Amy Coney Barrett, Donald Trump’s latest controversial nominee for the US supreme court, will tell senators in her high-stakes confirmation hearing this week that she will approach cases based on the law, not her personal views, as Democrats urged her to step aside on upcoming contentious cases.

Barrett, a fervent Catholic with a record of opposing abortion rights, will say that courts “should not try” to create policy, during Monday’s opening remarks, which were obtained by multiple media outlets on Sunday.

Barrett, a Trump-appointed judge now serving on the US seventh circuit court of appeals, will also say that she’s “done my utmost to reach the result required by the law, whatever my own preferences might be” in her present position. Senate Democrats are expected to grill Barrett on this.

Trump nominated Barrett to replace liberal Justice Ruth Bader Ginsburg, who died in September at the age of 87. If

Rising COVID Cases Will Stall UK Recovery, Budget Watchdog Warns | Investing News

October 8, 2020

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By David Milliken and Andy Bruce

LONDON (Reuters) – A sharp rise in coronavirus cases is likely to cause Britain’s economic recovery to stall until the resurgence comes under control, the country’s budget watchdog said on Wednesday.

Britain has recorded more than 14,000 new cases on each of the past two days, the most since mass testing began in April, and has increased curbs on socialising, with Scotland announcing the closure of pubs in its two biggest cities.

“There will be some kind of hiatus in the recovery,” said Charlie Bean, a former Bank of England (BoE) deputy governor who now serves on the board of the Office for Budget Responsibility, which produces government economic forecasts.

“How long and how potentially deep that is, I think it’s very difficult to know at this stage until we see how effective any measures are in bringing this resurgence of cases back under

Toronto real estate set records in September as COVID-19 cases rise

October 6, 2020

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Home sales were stronger in the Greater Toronto Area's suburbs than the city's core (Getty Images) — Home sales were stronger in the Greater Toronto Area’s suburbs than the city’s core (Getty Images)

The Greater Toronto Area’s real estate market had its busiest September on record, even as COVID-19 cases rise and the Canada Emergency Response Benefit (CERB) wound down.

The Toronto Regional Real Estate Board (TRREB) says 11,083 homes were sold during the month, 42.3 per cent more than September 2019.

TRREB continued to beat the drum of pent up demand to explain the unusually strong sales this late in the year, combined with low interest rates. But it also warned the pandemic’s economic effects could cool the market in the coming months.

“Further improvements in the economy, including job growth, would support strong home sales moving forward,” said TRREB president Lisa Patel, in a release. “However, it will be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact

German Cases Jump; Israel Sees Record Infections: Virus Update

October 1, 2020

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(Bloomberg) — Global coronavirus cases approached 34 million, with Germany reporting the highest number of infections since April amid a resurgence in Europe. Israel saw a record 8,919 new cases after a dip in numbers over the holiday weekend.

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European regulators are set to start an accelerated review of AstraZeneca Plc’s Covid-19 vaccine, even as the U.S. Food and Drug Administration is reported to have widened its investigation into a trial participant who fell ill.

U.S. carriers American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off a combined 32,000 workers as they contend with the unprecedented collapse in travel demand. The Centers for Disease Control and Prevention extended a ban on cruises in the U.S., saying further action is needed before cruises can safely resume.

Key Developments:

Global Tracker: Cases top 33.9 million; deaths exceed 1 millionEuropean regulators are said to speed review of

On CNN, TenHaken says with valuing personal freedoms ‘comes an increase in cases’

October 1, 2020

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Sioux Falls Mayor Paul TenHaken speaks with CNN anchor John King on Tuesday (Photo: screenshot)

Sioux Falls Mayor Paul TenHaken appeared on CNN Tuesday afternoon, speaking about the recent spike in cases and hospitalizations in the city as well as South Dakota.

CNN anchor John King introduced TenHaken after discussing South Dakota’s record-setting COVID-19 numbers, including the highest positivity rate in the country, and asked the mayor why cases were on the rise.

More: Recovered coronavirus patients outnumber new infections amid more deaths

“It’s a little bit of everything,” TenHaken said, noting that schools and colleges are open, and the state has been holding in-person events.

“We are a state that values personal freedoms, and values liberties,” TenHaken said, “and because of that we haven’t had a lot of restrictions, we haven’t had a lot of lockdowns, we haven’t had a lot of government mandates. And with that comes

Oil extends losses as rising virus cases spur demand worries

September 30, 2020

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By Aaron Sheldrick, Dmitry Zhdannikov

TOKYO/LONDON (Reuters) – Oil prices fell for a second day on Wednesday as rising coronavirus cases prompted concerns about further restrictions on global economic activity that could curb fuel demand.

Paul Putnam, 53, a rancher and independent contract pumper walks past a pump jack in Loving County, Texas, U.S. November 25, 2019. Picture taken November 25, 2019. REUTERS/Angus Mordant

Brent crude LCOc1 for November delivery dropped 57 cents, or 1.4%, to $40.46 per barrel by 1005 GMT. West Texas Intermediate CLc1 fell 14 cents, or 0.4%, to $39.15.

The November Brent contract expires today, to be replaced by the December contract, which was down around 0.5% at $41.36.

The benchmarks fell more than 3% on Tuesday as global COVID-19 cases passed 1 million, having doubled in three months.. A Reuters monthly oil poll showed prices would have little upside this year [O/POLL].

“The increasing number

Oil extends losses as rising COVID-19 cases fuel demand concerns

September 30, 2020

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By Aaron Sheldrick

TOKYO (Reuters) – Oil prices extended losses on Wednesday on worries that rising coronavirus cases heading into the northern winter would lead to further restrictions on activity and curb demand for fuel.

Brent crude dropped 48 cents, or 1.2%, to $40.55 per barrel by 0356 GMT. West Texas Intermediate fell 33 cents, or 0.8%, to $38.96.

The benchmarks fell more than 3% on Tuesday as global COVID-19 cases passed 1 million, having doubled in three months.

“The resurgence in Covid-19 cases more recently in some regions, is clearly not great for market sentiment,” ING Economics said in a note.

“Whilst demand is an issue for the market, the supply side of the equation is not helping either,” ING said.

Libya’s Sarir oilfield, which was producing more than 300,000 barrels per day last year, restarted output after eastern forces lifted an eight-month blockade on energy facilities.

CEOs of

Oil Drops Second Day as Surging Coronavirus Cases Prompt Demand Worries | Investing News

September 30, 2020

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TOKYO (Reuters) – Oil prices fell for a second day on Wednesday, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens.

Brent crude

dropped 23 cents, or 0.6%, to $41.03 per barrel by 0048 GMT. West Texas Intermediate

fell 26 cents, or 0.7%, to $39.29.

The benchmarks fell more than 3% on Tuesday as global COVID-19 cases passed 1 million, having doubled in three months.

“It is important to keep in mind that moves to the downside have the potential to be supersized,” given rising coronavirus cases and increasing oil supplies around the world, said Bob Yawger, director of energy futures at Mizuho in New York.

CEOs of the world’s biggest trading companies are forecasting a weak recovery for oil demand and little movement in prices in the coming months and potentially years.

Weighing heavily on markets is the continued depressed

Oil falls as surging virus cases cloud demand outlook

September 28, 2020

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Merrill Lynch Wealth Management president Andy Sieg discusses his outlook for the markets.

Oil prices fell on Monday as rising coronavirus cases spur concern about demand, with the main crude benchmarks on track for their first monthly falls since April.

Brent crude LCOc1 fell 32 cents, or 0.7%, to $41.60 a barrel by 0915 GMT. U.S. West Texas Intermediate CLc1 was at $39.89 a barrel, down 36 cents or 0.8%.

“The rise in daily infections have accelerated and the total number is now very close to 33 million. The most impacted countries are the populous ones,” PVM analyst Tamas Varga said.

“The speed with which the virus is spreading is the main concern for both health officials and financial investors.”

Russian Energy Minister Alexander Novak said on Monday that the global oil market has been stable for the past few months and the demand-supply balance restored, but warned of the

Oil slips as surge in virus cases clouds demand recovery

September 28, 2020

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SINGAPORE (Reuters) – Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after slipping last week.

FILE PHOTO: Dust blows around a crude oil pump jack and flare burning excess gas at a drill pad in the Permian Basin in Loving County, Texas, U.S. November 25, 2019.REUTERS/Angus Mordant

Brent crude LCOc1 fell 37 cents, or 0.9%, to $41.55 a barrel by 0652 GMT after dropping 2.9% last week. U.S. West Texas Intermediate CLc1 was at $39.86 a barrel, down 39 cents or 1%, following a 2.1% decline last week.

Brent is on track to fall for the first month in six while WTI is headed for its first monthly loss since April as the reimposition of mobility curbs in some countries clouds the outlook on fuel