Biden Wins Transition Access as Trump Yields on Process; Covid Passports Piloted: World Brief
Published Date: 11/24/2020
Source: Bloomberg Quicktake: Now
The General Services Administration acknowledged Joe Biden as the apparent winner of the presidential election on Monday, following weeks of inaction, and President Donald Trump called on his agencies to cooperate.
The designation triggers a formal transition process, giving Biden and his team access to current agency officials, briefing books and other government resources, including some $6 million in funding. MORE: https://bloom.bg/2J6ZUad
Prime Minister Boris Johnson confirmed England’s national lockdown will end next week, to be replaced by a tougher three-tier system of regional restrictions designed to last until spring next year. MORE: https://bloom.bg/35W2jNQ
Global airline lobby IATA is working on a mobile app that will help travelers demonstrate their coronavirus-free status, joining a push to introduce so-called Covid passports to speed up the revival of international travel. MORE: https://bloom.bg/3l4raDf
Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world’s second-richest person. MORE: https://bloom.bg/2J2bfbG
The surging coronavirus is stoking fears of a fresh downturn for the world economy, heaping pressure on central banks and governments to lay aside other concerns and do more to spur demand. MORE: https://bloom.bg/3kZp73z
The U.K. is considering a ban on the installation of Huawei Technologies Co. 5G equipment as soon as next year to appease hawks pushing for tighter restrictions on the Chinese network equipment maker, according to people familiar with the matter. MORE: https://bloom.bg/35ZmpXu
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