Day: June 11, 2020

Simplifying Unilever is a complicated task

A who’s who of City heavyweights objected to the move, including Aviva Investors, Columbia Threadneedle, Legal & General Investment Management and Schroders. 

The plan would have resulted in Unilever being ejected from the FTSE 100, forcing passive investors that track the index to sell their holdings. 

As well as a shareholder revolt, the ill-fated move stirred political tensions. The Dutch government’s announcement that it would scrap a 15pc withholding tax on dividends was seen by political opponents as a sweetheart deal to ensure Unilever chose Rotterdam over London.

Britons feared jobs would be moved to the continent after Brexit, which

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Coronavirus latest: Dow drops 1,300 points on second-wave fears

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 7,403,713, according to Johns Hopkins University.

The worldwide death toll has hit 417,174.

To see how the disease has spread, view our virus tracker charts:

(Source photo by AP) 

Here are the latest developments (Tokyo time):

Friday, June 12

1:20 a.m. Brazil’s Instituto Butantan, one of the country’s biggest vaccine producers, has joined with China’s Sinovac Biotech to develop a COVID-19 vaccine candidate, according to a statement.

12:15 a.m. The Dow Jones Industrial Average

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Vietnam to resume flights to Guangzhou, Taiwan, Seoul and Tokyo

HANOI — Vietnam said on Thursday it is preparing to resume international flights to China, Taiwan, South Korea, Japan and Laos in a bid to sustain growth, with the first flights set for early July, according to sources.

“Regarding the reopening of international flights, ministries will first select some locations to open soon, such as Guangzhou, Taiwan, Seoul, Tokyo and Laos, depending on the general situation,” the government posted to its website on Thursday.

Hanoi said it would gradually restart international flights without giving specific dates. But this should happen by the end of June or early July, an aviation

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Hong Kong publisher Jimmy Lai faces charges for June 4 vigil

HONG KONG — Hong Kong police on Thursday notified Jimmy Lai, founder of the Apple Daily newspaper, and three other prominent pro-democracy activists that they will face charges over their roles in holding an unauthorized vigil to commemorate the June 4, 1989 Tiananmen crackdown.

Even though authorities banned the event for the first time in three decades citing coronavirus concerns, thousands still gathered in Victoria Park and other parts of the city.

The other three notified by the police are former legislators Lee Cheuk-yan and Albert Ho Chun-yan, as well as Richard Tsoi Yiu-cheong, another veteran of the Hong Kong

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