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China has lashed out at the Five Eyes intelligence alliance after it urged Beijing to reverse the disqualification of pro-democracy lawmakers from Hong Kong’s de facto parliament.

In a press release launched on Wednesday, the US, UK, Australia, New Zealand and Canada known as China’s actions “a transparent breach of its worldwide obligations beneath the legally binding, UN-registered Sino-British Joint Declaration”.

It added that “the disqualification guidelines seem a part of a concerted marketing campaign to silence all vital voices”. China’s international ministry responded on Thursday by expressing “agency opposition” to what it known as “irresponsible” interference in Hong Kong’s affairs.

Final week, Beijing empowered the Hong Kong authorities to ​expel lawmakers​ who have been “unpatriotic” from the territory’s legislative council. The ability was used to oust 4 opposition lawmakers, prompting the resignation of many of the politicians within the pro-democracy camp. (FT)

Coronavirus digest

Because of those that voted in our ballot. Fifty-two per cent of voters stated a Covid-19 vaccine needs to be made necessary. Observe our global economic recovery tracker and our live blog for the newest developments.

Within the information

Wirecard’s Braun says regulators to not blame Markus Braun, the previous chief govt of the disgraced funds firm, instructed MPs that German regulators and politicians have been not to blame for the fall of the company, and that he hoped prosecutors would reach tracing its lacking billions, as he refused to reply even easy questions. (FT)

China’s first negative-yielding sovereign bond spurs rush The €4bn euro-denominated offering, which drew about €18bn price of orders, gave massive institutional traders an opportunity for greater yields than in Europe, the place central financial institution easing has pushed rates of interest to report lows. (FT)

The Chinese language financial system has picked up on the nation’s containment of the Covid-19 pandemic in contrast with Europe and the US © Bloomberg

Brexit talks go digital Negotiations are to switch to a virtual format after a member of the EU workforce grew to become contaminated with Covid-19, with time working brief for the 2 sides to finalise an settlement. Get the newest with the newest Brexit briefing newsletter. Enroll here. (FT)

Joyy shares plunge after Muddy Waters assault Shares within the Chinese language expertise group fell as much as 26 per cent on Wednesday after a short-seller labelled its livestreaming website a fraud, in a transfer that’s more likely to additional harm investor confidence in US-listed mainland web teams. (FT)

Asia housing crunch South Korea is changing inns and places of work into rental items to ease supply shortages amid rising public discontent over surging rents and home costs. In the meantime, in Beijing, Covid has introduced China’s high-growth rental industry to its knees. Zillow browsing could be the escape we all need. (FT, NYT)

The value of an condo within the South Korean capital has risen greater than 50% since 2017 © REUTERS

BuzzFeed buys HuffPost BuzzFeed has acquired HuffPost from the telecoms group Verizon, within the newest transfer to consolidate the ailing digital media sector. Verizon’s media arm will maintain a minority stake in BuzzFeed, and the teams will syndicate content material throughout one another’s websites and companion on promoting initiatives. (FT)

Australian troops accused of 39 murders in Afghanistan Particular forces have been allegedly concerned in “blooding”, the place commanders made junior troopers execute prisoners to attain a primary kill, an inquiry by defence chiefs has discovered. (FT)

Trump marketing campaign to press forward with authorized challenges Donald Trump’s authorized advisers, led by Rudy Giuliani, vowed on Thursday to file extra lawsuits difficult the outcomes of the presidential vote, whereas dismissing calls to offer proof supporting their claims that Democrats stole the election. Mr Trump has turned his consideration to election boards chargeable for certifying outcomes. (FT, AP)

Pompeo makes unprecedented go to to West Financial institution US secretary of state Mike Pompeo has visited a Jewish-owned winery within the Israeli-occupied West Financial institution on Thursday, turning into the primary high US diplomat to go to the sprawling settlements condemned as unlawful by the worldwide group. (FT)

US secretary of state Mike Pompeo and his spouse Susan arrive in Israel on Wednesday © VIA REUTERS

The day forward

G20 summit World leaders will meet nearly starting on Saturday when they are going to be buoyed by the prospect of vaccines bringing their very own crises to an finish. The summit may additionally result in new pandemic initiatives for poorer countries. (FT)

UK Equal Pay Day The gender pay hole shall be high of thoughts on Friday, which researchers say marks 2020s equal payday, calculated by the full-time imply common gender pay hole — 11.5 per cent this yr. (Impartial)

Motherhood, cash and making profession strikes

Be part of the FT for our on-line occasion, Motherhood, Money and Making Career Moves, 7pm-8.30pm UK time on Wednesday November 25 in partnership with Black Ballad, an internet platform for black British girls. Register here.

The panel for the web occasion shall be: Ima Jackson-Obot, Davinia Tomlinson, Tobi Asare and Dineo Ledwaba-Chapman

What else we’re studying

Why monetary literacy issues We now not reside in a world of paternalistic employers, nanny states and pleasant financial institution managers, writes the FT’s deputy editor Patrick Jenkins. Because the financial local weather worsens, the FT’s new financial literacy foundation goals to assist enhance cash administration abilities for probably the most weak. FT editor Roula Khalaf introduces the brand new initiative. (FT)

Our mission on the Monetary Instances is to offer folks the impartial and dependable data they should navigate right this moment’s advanced world — and that applies to our new charitable effort in addition to our core journalism.”

‘Monetary distress has already engulfed many individuals amid the financial fallout from the Covid-19 pandemic and the lockdowns which have accompanied it’ © Nathalie Lees

Defiant girls tackle ageing autocrats The election of Maia Sandu as Moldova’s first girl president illustrates a development that extends throughout central and japanese Europe, writes Tony Barber. More and more, feminine opposition leaders and activists are spearheading the drive for political change in authoritarian, intolerant and misgoverned states. (FT)

Economists alternate Gita Gopinath, the IMF’s chief economist, says governments should prioritise well being spending and scaling up options to finish the pandemic, in the latest in our series of conversations between FT commentators and main economists. (FT)

Biden’s dilemma on world democracy Joe Biden could be suggested to sort things at house earlier than re-embracing world democracy, writes Edward Luce. In the meantime, Anne-Marie Slaughter argues there’s a approach to hold America globally engaged. Meet the quantity cruncher behind Mr Biden’s marketing campaign success: Jennifer O’Malley Dillon. Plus, the women in politics who could lead on the financial restoration. (FT, nineteenth*)

Jennifer O’Malley Dillon ran the Biden marketing campaign principally from her attic in Washington DC. © Andre Chung/Washington Submit/Getty

China wakes as much as the necessity for a greener weight loss program The nation accounts for nearly a third of global meat consumption, and the per-capita quantity is rising. However as China’s management prioritises meals and the surroundings, and campaigners make inroads, the urge for food is rising for alternate options. Learn extra in our Sustainable Food and Agriculture particular report. (FT)

Synthetic intelligence is reshaping finance Barclays tie-up with Amazon in Germany reveals how the expertise is upending the sector, writes Gillian Tett. It could possibly be useful as a approach to “democratise finance”, however potential prices embody AI program embedding bias, together with racism, into choice making. (FT)

© Ingram Pinn/Monetary Instances

How central banks ought to handle local weather change Bundesbank chief Jens Weidmann, writing in the FT, rejected requires the European Central Financial institution to make use of its €3.5tn bond-buying programme to tackle climate change, saying “it isn’t as much as us to appropriate market distortions and political actions or omissions”. In the meantime, UK analysis blames excessive email for carbon emissions. (FT)

Who’s a great pandemic enterprise? Chewy is. Maybe the one ones happier than our furry buddies getting further walks and treats whereas people spend extra time at house, are these within the enterprise of feeding four-legged members of the family. Chewy, the web pet provide firm, has experienced extraordinary growth in the course of the pandemic. (Bloomberg)

Illustration of the day

EasyJet posts first loss in 25 years as boss urges more state support


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