#AceBusinessDesk …………The latest UK-EU talks on post-Brexit trade have ended without “significant areas of progress”, EU chief negotiator Michel Barnier has said

“The UK has until the end of June to ask for the “transition period” – keeping it in the single market and customs union – to be extended into next year, but the government has ruled this out.”

Published: June.05: 2020: https://ift.tt/3ePRD4X

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#AceBusinessDesk ………….British finance minister Rishi Sunak said on Friday he had picked Richard Hugh es, a former senior official at Britain’s Treasury and the International Monetary Fund, as the next head of the country’s influential budget watchdog Reuters UK reports

“Hughes will replace Robert Chote, who will soon have served the maximum two five-year terms at the Office for Budget Responsibility (OBR) an independent body set up in 2010 to provide growth and borrowing forecasts for government budgets.”

Published: June.05: 2020: https://t.co/glYtRlT2Ct

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#AceMarketsDesk ……………..European stocks are likely to rise another 10% by the end of September as the re-opening of economies after virus lockdowns is likely to lead to a significant pick-up in business activity, Bank of America analysts said on Friday.

“European stocks have already bounced back 38% from their March trough at the peak of the COVID-19 financial market crash and a further 10% rise would cover all the losses year-to-date.”

Published: June.05: 2020: https://t.co/Vjtfhvzs15

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#AceFinanceDesk ………….India has plenty of options to strengthen its diplomatic position that can coun ter the tense relationship between New Delhi and Beijing, James Crabtree, an associate professor at the Lee Kuan Yew School of Public Policy in Singapore, told CNBC.

“The Asian powerhouses are locked in a bitter standoff in the remote Ladakh region in the Western Himalayas and military officials are set to hold high-level talks on Saturday to ease tensions, according to reports. ”

Published: June.05: 2020: https://t.co/Ntp5Y8qkMq

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#AceFinanceDesk …………Bank of America announced Tuesday that it will commit $1 billion over four years to help local communities grapple with the widened economic and racial inequality caused by the #Covid19 outbreak

“”Underlying economic and social disparities that exist have accelerated and intensified during the global pandemic,” Bank of America CEO Brian Moynihan said in the release. “The events of the past week have created a sense of true urgency that has arisen across our nation, particularly in view of the racial injustices we have seen in the communities where we work and live…………We all need to do more.””

Published: June.05: 2020: https://t.co/KZwhHY7CpH

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