Wednesday, 27 Nov 2024

South African Stocks Slide as China Tech Probe Weighs on Naspers

Johnny Depp Wishes For “A Better Time Ahead” After “Hard” 2020 In Holiday Message To Fans

Johnny Depp, who last month lost his high-profile label case against British newspaper The Sun over an article that called him a “wife beater,” posted a holiday message to his fans on Instagram Saturday.

“This year has been so hard for so many,” the Pirates of the Caribbean wrote. “Here’s to a better time ahead.”

While Depp likely refers to the devastating coronavirus pandemic, which has taken the lives of almost 2 million people worldwide, 2020 has been difficult for him too, both personally and professionally, with his career in jeopardy. Shortly after a High Court court ruled against the actor, he also lost his starring role in Warner Bros.’ Fantastic Beasts movie franchise.

But earlier this month, Depp turned to the UK Court Of Appeal in a bid to overturn the verdict.

Depp’s wrote his holiday message next to a black-and-white photo with Pogues frontman Shane MacGowan on the set of the documentary Crock of Gold, which Depp produced. It was the first time Depp addressed his fans directly since he announced last month that he had “been asked to resign by Warner Bros.” from his role as Grindelwald in Fantastic Beasts.

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O&H Danish Bakery Recalls Almond Kringle Sold In Trader Joe’s Stores

O&H Danish Bakery, Inc. is recalling 3,173 units of Almond Kringle sold in Trader Joe’s retail stores in nine states citing the possible presence of undeclared Pecans, according to the U.S. Food and Drug Administration.

The recall involves 1lb 8oz packages of Almond Kringle, packaged in a white wax paper bakery bag marked with batch code #26720.

The recalled Almond Kringle were delivered to the Trader Joe’s stores located in Texas, Tennessee, Oklahoma, New Mexico, Louisiana, Colorado, Kansas, Arkansas and Alabama.

The recall was initiated after it was discovered that four pecan filled kringles were incorrectly labeled as Almond Kringle and delivered to the Trader Joe’s distribution center as a part of a larger order.

As per an investigation, the problem was caused by a temporary breakdown in the company’s baking and icing processes.

People who have allergies to pecans may get serious or life-threatening allergic reaction if they consume these products

However, the company has not received any reports of illnesses to date related to the recalled products.

Consumers who bought the affected Almond Kringle from a Trader Joe’s store in any of the nine states are asked to discard or return it to any Trader Joe’s for a full refund.

In similar incidents involving undeclared pecans, George DeLallo Co., Inc. in early December called back Publix Bakery 20 OZ Holiday Cookie Platters. Homestead Creamery in September recalled chocolate ice cream quarts.

Russian fishing trawler sinks in Barents Sea, 17 feared dead

MOSCOW (Reuters) – A fishing trawler sank in the northern Barents Sea on Monday, the emergencies ministry said, and 17 people were feared dead off the coast of the Novaya Zemlya archipelago.

Rescue vessels were searching for survivors but only two people had been rescued out of a 19-member crew, the ministry said.

Authorities said an ice accumulation on the trawler had led to its sinking.

A source told Interfax said crew members had been washed over the trawler’s deck during a storm. TASS cited a source as saying the missing crew were feared dead.

BMW Plans To Increase Electric Vehicle Productions

BMW AG plans to increase its electric vehicle productions, German daily Augsburger Allgemeine reported, following an interview with the German luxury car maker’s Chief Executive Officer Oliver Zipse.

Zipse reportedly said that the company plans to produce an additional 250,000 electric cars in next three years. Electric vehicles will account for about a fifth of the company’s sales by 2023, compared to about 8% this year.

Zipse vows to speed up the expansion of charging infrastructure, due to lack of charging facilities in the Europe.

German DAX Reaches Record, Leads Gains Across European Equities

European shares advanced Monday, sending Germany’s DAX Index to a record intraday high in the first trading session after the European Union and the U.K. reached a final agreement on Brexit terms.

The Stoxx Europe 600 Index climbed 0.5% shortly after the open, with all sectors advancing and autos and energy stocks gaining the most. While the British market is closed for a holiday, U.K. shares rallied in trading on Germany’s Tradegate exchange.

On Thursday, the U.K. and the EU clinched a trade deal that will complete Britani’s separation from the bloc. European markets were already closed when the agreement was reached and have remained closed in observance of the Christmas holidays. In the U.S., President Donald Trump signed signed a bill containing $900 billion in pandemic relief.

The Brexit deal “will be greeted by financial markets with Christmas cheer,” James Athey, investment director at Aberdeen Standard Investments, said by email. “It remains to be seen if that Christmas cheer gives way to a New Year hangover when analysts start poring over the details.”

South African Stocks Slide as China Tech Probe Weighs on Naspers

South Africa’s main equities index declined, led by Naspers Ltd. and its Prosus NV unit after Hong Kong-listed Tencent Holdings Ltd. slumped amid a widening Chinese antitrust probe of the technology sector. With a stake of about 31%, Prosus is Tencent’s largest shareholder.

The benchmark FTSE/JSE Africa All Share Index fell 0.8% to 58,721 at 10:25 a.m. in Johannesburg, with cyclical sectors including oil, automotive and travel and leisure down the most. Without the decline in Naspers, which accounts for 17% of the index, the benchmark would be up.

The country’s gauge remains up 2.8% for the year and Naspers remains up 24%. The South African rand was down 0.4%.

The session’s worst performers were power generator Montauk Holdings Ltd., down 8.2%, and miner Royal Bafokeng Platinum Ltd., down 6.5%. Infrastructure builder Raubex Group Ltd. gained 3.5%.

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