1.Greece’s government is struggling to pass reforms needed for a bailout:
Greece’s leftist government narrowly pushed a bailout reform vote through parliament, seeing its majority dwindle after axing two lawmakers who refused to support a home foreclosures bill. The defections did not derail the vote as 153 government MPs in the 300-seat chamber still approved the bailout legislation.
2.IBM is cutting back in Germany:
IBM is considering laying off up to 3,000 German employees, or 18% of its staff in the country over the next two years, business magazine Wirschafts Woche reported, quoting a union leader on the company’s supervisory board.
3.Four EU countries have closed their borders to economic migrants:
Macedonia, Serbia, Croatia and Slovenia shut their borders to those not coming from war-torn countries such as Syria, Afghanistan or Iraq, leaving thousands of others seeking a better life in the continent stranded at Balkan border crossings.
4.The US is probing a car parts maker for involvement in the VW emissions scandal:
Federal prosecutors with the U.S. Department of Justice are examining whether Bosch, the world’s largest auto supplier, knew or participated in Volkswagen’s years-long efforts to circumvent U.S. diesel emissions tests.
5.Zambian President Meets Mine Unions as Industry Bleeds Jobs:
Zambian President Edgar Lungu will meet with mining unions Friday as Glencore Plc’s local unit cuts more than 7,000 jobs and four other producers also intend to reduce their workforce.
6.Perfect Storm at Petrobras, the World’s Most Indebted Oil Company:
Brazil’s state-run oil firm Petróleo Brasileiro SA spent much of the past decade loading up on cheap foreign credit in its drive to become a top-five global oil producer.
7.Indian Bonds Decline as Wage Rise Seen Threatening Deficit Plan:
Indian sovereign bonds headed for the biggest weekly decline this month as a proposed wage increase for federal employees raised concern the government may miss its fiscal-deficit target.
8.Oil edges lower to near three-month lows on surplus supply:
Oil futures gave up early gains to trade near three-month lows on Friday on a persistent supply glut that has cut prices by up to 13 percent since the start of November.
9.Adele will not bring her new album to music streaming services like Apple Music or Spotify:
The album is released today, but Adele reportedly declined to make it available for streaming.
10.Oil Price Crash Dips Nigeria’s Revenues By N11.96bn In Two Days:
Nigeria’s crude revenues dipped by N11.96 billion in the last two days as prices of oil, country’s cash cow, dipped below $40 a barrel at the global market.
World Of Business Today (20 Nov, 2015)
