DAILY DOSE: December 11, 2020
Posted on 12/11/2020
1. The U.S. Federal Communications Commission (FCC) initiated moves to revoke China Telecom’s authorization to operate in the United States over national security concerns. China Telecom is the largest Chinese telecommunications company.
2. U.S. President Trump’s Abraham Accords is gaining traction in the Arab world. On December 10, 2020, Israel and Morocco agreed to normalize relations in a deal brokered with U.S. Morocco joins the United Arab Emirates, Bahrain, and Sudan in beginning to link with Israel.
3. Colombia’s central bank board named International Monetary Fund official Leonardo Villar as its new chief, to take up the post from January 3, 2021. Villar replaces Juan Jose Echavarria, who did not seek re-election to a second four-year term.
4. Former Goldman Sachs executive Gary Cohn will make a charitable donation instead of giving back compensation to Goldman Sachs Group Inc. Goldman Sachs said it would reclaim a total of US$ 174 million in compensation from current and former senior Goldman executives as an acknowledgement of managerial accountability for the institutional failure from the 1MDB sovereign fund corruption scandal.
5. U.K. medicine regulator, Medicines and Healthcare Products Regulatory Agency, warned that anyone who has a history of anaphylaxis to food or medicine should not get the Pfizer-BioNTech COVID-19 vaccine.
Keywords: Banco de la Republica de Colombia.
