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Europe should use WTO Boeing win to de-escalate EU-U.S. trade spat: German finmin By Reuters

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© Reuters. FILE PHOTO: German Finance Minister Olaf Scholz presents the federal government’s 2021 draft budget, in Berlin

BERLIN (Reuters) – Europe must use its victory in its dispute with the United States over subsidies to planemaker Boeing (N:) as a leverage to push for de-escalation in a broader trade conflict with Washington, German Finance Minister Olaf Scholz said on Wednesday.

The European Union on Tuesday won the right to impose tariffs on $4 billion of U.S. goods in retaliation against subsidies for planemaker Boeing.

The World Trade Organization ruling threatens to intensify transatlantic trade tensions just three weeks ahead of the U.S. presidential election.

But Scholz told Reuters that anything that stood in the way of trade was in the interest of neither of the two giant economies and the ruling should help Europe dial down the conflict rather than lead to its further escalation.

“There’s no sense in measures that affect fair trade,” he said. “So it is very clear that the decisions taken in the WTO must be used to step back from mutual threats… But it strengthens Europe’s position, and that is good.”

Speaking after Germany’s leading institutes released figures showing Europe’s largest economy recovering faster than expected from the coronavirus pandemic, Scholz warned against slackening off on social distancing.

“We will be living with the virus and its dangers for a long time to come, and so we must call on everyone to be careful and button up,” he said.

Scholz welcomed a proposal included in draft communique of finance ministers from the G20 group of large economies to extend for six months a moratorium on debts owed by the world’s poorest countries to help them during the pandemic, but said the measure did not go far enough.

“I hope for the future that it doesn’t stop there, but that countries that have lent a huge amount but not taken part in the moratorium also get involved – and also of course the private sector,” he said. “The extension has to be a starting point.”

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IGNITE International Brands, Ltd. Enters Manufacturing Agreement With CannaPiece Corp. to Meet Overwhelming Demand for IGNITE Cannabis Products in Canada

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VAUGHAN, Ontario, Oct. 26, 2020 (GLOBE NEWSWIRE) — IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) (“IGNITE” or the “Company”), a global consumer packaged goods brand, is pleased to announce that it has broadened its manufacturing capabilities by signing a contract manufacturing agreement with CannaPiece Corp. (“CannaPiece”), a leading contract manufacturer of cannabis and hemp. CannaPiece operates a 50,000 square foot state-of-the-art licensed manufacturing and processing facility, with ability to expand its operations to 150,000 square feet. The operation includes R&D, Product Development, Third-Party Processing, Packaging, Large-Scale Extraction, Production of Edibles, Topicals and Concentrates with the ability to provide IGNITE Branded products to domestic markets.

“Canada has shown to be a burgeoning market for IGNITE. Collaboration with CannaPiece is a strategic move that will position IGNITE to maximize its potential in the Canadian cannabis market,” said Gene Bernaudo, Global Head of Cannabis at IGNITE. “Curating premium craft cannabis and delivering consistent products has gained the loyalty of consumers and has been essential to generating brand awareness as IGNITE continues to scale the country. Demand for IGNITE products has grown since launch and the team at CannaPiece will be instrumental to IGNITE’s ability to meet demand and deliver uber-premium cannabis products.”

“CannaPiece is excited to be the manufacturing body for IGNITE, and we look forward to leveraging our manufacturing expertise, technology and high-end equipment to offer sustainable high quality cannabis and hemp products to the Canadian market,” said Afshin Souzankar, Chief Operating Officer at CannaPiece.

AboutIGNITE

IGNITE is a global consumer brand, operating in the premium product segment of the market. Founded by Dan Bilzerian, the Company’s ‘quality‐first’ approach is fundamental to the brand and its products. Originally operating in the cannabis and hemp‐derived cannabidiol (CBD) wellness space, IGNITE was able to establish its brand awareness. IGNITE product categories now include a full line of CBD oil tinctures, CBD topicals, CBD pet products and CBD vape devices, nicotine and synthetic nicotine vape products, a line of premium performance drinks, named Z‐RO as well as a gluten‐free, seven‐time distilled vodka, and apparel produced by various partners and sold through select distributors, brick and mortar retailers, and online through the Company’s website, ignite.co. The IGNITE THC product line, which was launched subsequent to the CBD product line, incorporates quality, locally sourced, cannabis products.

Shares of IGNITE are listed on the CSE under the symbol “BILZ” and quoted in the United States on the OTCQX under the symbol “BILZF”.

Further information on IGNITE can be found on the Company’s website at ignite.co.

For further information, please contact:

Linda K. Menzel, General Counsel
Tel: 310‐867‐3859
Email: linda.menzel@ignite.co

ABOUT CANNAPIECE CORP.

Headquartered in Pickering, Ontario, CannaPiece Corp. is a wholly-owned subsidiary of CannaPiece Group Inc., a Canadian based, vertically integrated cannabis company. CannaPiece Corp. is a contract manufacturer of cannabis and hemp products and provides the industry with services and products to cover gaps in the supply chain. CannaPiece offers a complete selection of high-quality services ranging from R&D, product development, third-party processing, packaging, large-scale extraction, production of edibles, topicals and concentrates as well as white-labeled products to the Canadian market.

CAUTIONARY STATEMENT REGARDING FORWARDLOOKING INFORMATION

This news release includes certain “forward‐looking statements” under applicable Canadian securities legislation. Forward‐looking statements include, but are not limited to, the success of the arrangements with CannaPiece, the ability of IGNITE to distribute its products in Canada successfully and the ability to have a successful market strategy in Canada. Forward‐looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the effects and impacts of the coronavirus disease (COVID‐19) pandemic, the extent and duration of which are uncertain at this time on IGNITE’s business and general economic and business conditions and markets; the ability of IGNITE to give effect to its business plan; reliance on the “IGNITE” brand which may not prove to be as successful as contemplated; the ability to and risks associated with unlocking future licensing opportunities with the “IGNITE” brand, and the ability of IGNITE to capture significant market share. There can be no assurance that any of the forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. The Company disclaims any intention or obligation to update or revise any forward‐looking statements, whether because of new information, future events or otherwise, except as required by law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICESPROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Holiday shoppers are coming to town with health checklist: survey By Reuters

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2/2
© Reuters. FILE PHOTO: Black Friday ads lay on top of clothes during a sales event on Thanksgiving day at Walmart in Westbury, New York

2/2

By Nathan Frandino

(Reuters) – Holiday shoppers braving the coronavirus pandemic to buy gifts in person are checking which stores are naughty or nice in terms of public health, a worldwide survey released on Monday showed.

About 79% of respondents want to see masks being worn, 82% demand visible cleaning efforts, and 76% prioritize reduced occupancy in stores, according to the survey by Oracle Retail, a unit of software maker Oracle Corp (N:).

Contactless checkout and social distancing requirements are also paramount.

“Customers are eager to shop,” said Mike Webster, senior vice president and general manager of Oracle Retail. “What consumers are looking for is basic levels of protection and safety and they’re looking for that confidence that their needs are being looked after.”

More than 5,100 consumers were surveyed in the United States, United Kingdom, Australia, China, Brazil, Mexico, Italy, France, Germany and the United Arab Emirates in September.

The pandemic has killed more than 1.1 million people and infected more than 41.9 million worldwide, according to a Reuters tally.

Countries have imposed new restrictions as COVID-19 cases have risen again in recent weeks. Wales on Friday banned the sale of all non-essential goods in stores as part of a two-week lockdown, while regions in Italy have announced measures such as shuttering shopping centers.

San Francisco has capped occupancy for storefront retailers at 50% of the normal maximum. At the Californian city’s Union Square plaza, shoppers lined up outside the Apple (NASDAQ:) Store and Gucci, where an associate took their temperature.

“A lot of the shops that I go to, they offer hand sanitizer and seem pretty up to date on all the equipment and everything that they have in the shop, so I feel safe going into stores,” said 26-year-old Antioch resident Teino Stingley.

Nearly 20% of survey respondents said they planned to shop in-store this holiday season, while 47% plan to split between online and in-store and 16% will opt for curbside pick-up.

“I feel too many people inside of a store makes me uneasy, so I’d much prefer an outside open-air environment,” said Param Sharma, 24. “And it’s more convenient to order it on the app, pull up curbside, and have them hand it to you.”

Fellow San Francisco resident Katrin Eyjolfsdottir, 27, plans to split her shopping between going online and visiting stores for the live experience.

“That’s a big part of the whole Christmas holiday spirit,” she said. “I think the stores are doing a good job of keeping everything clean and sanitized and following the procedures.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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BlackRock Downgrades U.S. Government Debt on Blue-Sweep Outlook By Bloomberg

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© Reuters. BlackRock Downgrades U.S. Government Debt on Blue-Sweep Outlook

(Bloomberg) — BlackRock Inc (NYSE:)., the world’s largest asset manager, is downgrading its views on U.S. government debt even as Treasuries retain their value as a haven amid Monday’s stock-market selloff.

Worries about rising coronavirus cases weakening the global economy pushed the S&P 500 Index toward its biggest drop in a month. Treasuries advanced, sending 10- and 30-year yields down by around 5 basis points each, to 0.80% and 1.59%, respectively.

Treasuries Gain Most in Weeks as Investor Optimism Takes a Hit

In a note released Monday by BlackRock’s research arm, strategists cited the growing likelihood of significant fiscal expansion under a unified Democratic government. Such a scenario, in which Joe Biden wins the White House and his party takes control of both chambers of Congress, would bring forward the market pricing of higher inflation, they said.

“This is why, tactically, we are downgrading nominal U.S. Treasuries and upgrading their inflation-linked peers,” said strategists Mike Pyle, Scott Thiel and Beata Harasim, along with researcher Elga Bartsch.

New York-based BlackRock oversees $7.8 trillion, $2.5 trillion of which is in fixed-income assets. It joins a growing list of major firms, which includes Credit Suisse (SIX:) Group AG and Goldman Sachs Group Inc (NYSE:)., that have weighed in during the past month with the prospects of a “blue sweep.”

BlackRock changed its view by saying the strategic case for holding nominal government bonds has diminished with yields closer to “perceived lower bounds.”

“Such low rates reduce the asset class’s ability to act as ballast against equity market selloffs,” the strategists wrote.

“We prefer inflation-linked bonds as we see risks of higher inflation in the medium term,” they said. “On a tactical basis, we keep duration at neutral as unprecedented policy accommodation suppresses yields.”

Earlier this year, the firm was buying Treasuries along with other assets being purchased by the Federal Reserve as part of a “follow-the-Fed” mantra.

©2020 Bloomberg L.P.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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