1. The European Central Bank will have to debate whether more stimulus is needed:
As ECB officials wait for eurozone growth data this week, the slowdown in China and other emerging markets has prompted a drop in commodity prices, confounding their attempt to stoke price pressure via bond buys to the tune of 60 billion euros ($US64 billion) a month.
2. Lufthansa is canceling 929 flights due to strike on Monday:
The strike is part of a week of action organised by cabin crew union UFO to push demands in a long-running row over early retirement benefits and pensions.
3. Volkswagen says its staff flagged up the latest emissions faults:
The findings, which the Wolfsburg, Germany-based company made public on November 3, were disclosed by employees during an internal investigation, Volkswagen said in a statement on Sunday.
4. Snapchat is closing the gap on Facebook in video with a reported 6 billion daily video views to Facebook’s 8 billion:
That number has tripled since May, the FT’s Tim Bradshaw reported, citing people close to the company.
5. Britain’s Prime Minister David Cameron will warn the EU that he may back a Brexit if Brussels doesn’t re-negotiate a new deal with him:
Cameron is due to outline British demands for renegotiation of its European Union membership terms in a letter to the President of the European Council, Donald Tusk.
6. Chinese trade disappoints, clouding economic outlook:
China’s trade figures disappointed analyst expectations by a wide margin in October, reinforcing views that the world’s second-largest economy will have to do more to stimulate domestic demand given softness in overseas markets. October exports fell 6.9 percent from a year ago, down for a fourth month, while imports slipped 18.8 percent, leaving the country with a record high trade surplus of $61.64 billion, the General Administration of Customs said on Sunday.
7. G20 finalizes tools for ending ‘too big to fail’ banks:
Global regulators set out their “final tools” on Monday for ending the phenomenon of “too big to fail” banks, seeking to draw a line under a period of intensive rule making after a financial crisis that tarnished the sector and weighed heavily on taxpayers.
G20 leaders meeting next week in Turkey will be asked to endorse a reform that requires the world’s 30 top banks to issue a buffer of bonds by 2019 that can be written down to raise funds equivalent to 18 percent of risk-weighted assets, if the lender goes bust.
8. Toshiba Needs to Pull This Plug to Restart:
Japanese giant Toshiba could get back to work if it would just turn off the television—the television business that is.Toshiba’s shares plunged more than 7% Monday, continuing a dispiriting year for the iconic Japanese company.
9. Oil Investment Cuts at $200 Billion as Saudi Prince Sees Rally:
The oil and gas industry has cut $200 billion from investments this year as low prices discourage new projects, leading to cuts in crude supplies equal to half the daily output of Saudi Arabia, according to the kingdom’s Prince Abdul Aziz bin Salman.
10. British luxury carmaker Jaguar Land Rover has a secret plan to cut costs by £4.5 billion ($6.8 billion):
British luxury carmaker Jaguar Land Rover (JLR) has launched a secret project to cut costs of 4.5 billion pounds ($6.8 billion) and build 1 million cars per year by the end of the decade, the Sunday Times reported.
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