Europe

LONDON (Reuters) - Britain could take five to 10 years to properly recover from the pandemic because the COVID-19 financial hit will sap the economy of the firepower it needs to rebuild for Brexit, advertising supremo Martin Sorrell said on Monday.

Britain has recorded the worst death toll in Europe and the deepest economic contraction of any leading G7 nation from the coronavirus, forcing it to pump more than 200 billion pounds ($263 billion) into the economy to keep it afloat.

LONDON (Reuters) - U.N. envoy Mark Carney backed a push to make companies give investors an annual vote on their climate change strategies, saying on Monday that might prove more effective than “overly prescriptive” regulation.

Carney, who took a U.N. climate finance role after stepping down as Bank of England governor in March, said investors could have an automatic advisory vote on a company’s plans to cut greenhouse emissions, in the same way they have a say on pay.

BRUSSELS (Reuters) - The question of who is U.S. president has no bearing on the trade talks between the European Union and Britain, which are likely to run in London all this week, a spokesman for the bloc’s executive Commission said on Monday.

OSLO (Reuters) - Pandemic-hit Norwegian Air NORR.OL faces a battle for survival this winter, it said on Monday after the country's government declared that it will not provide additional financial support for the cash-strapped carrier.

Norwegian Air, which has been hit hard by the coronavirus crisis and has grounded most of its fleet, said in August that it would run out of cash in the first quarter of 2021 unless it could secure fresh funds and has held talks with the government in the hope of winning support.

09 Nov 2020; MEMO: Belgium on Friday condemned Israel’s destruction of Belgian-funded homes in the occupied West Bank, urged Tel Aviv to refrain from destroying Palestinian schools and demanding compensation for Palestinians affected by the demolitions.

LONDON (Reuters) - Oil rose on Monday, with Brent topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, and the Saudi oil minister said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.

Brent crude had climbed $1.28 cents, or 3.2%, to $40.73 a barrel by 1116 GMT, and U.S. West Texas Intermediate crude was at $38.40, up $1.26 cents, or 3.4%.

LONDON (AP) — Boris Johnson’s famous charm worked wonders on Donald Trump, but he faces a tougher audience in Joe Biden.

Britain’s prime minister promised Sunday to work with the U.S. president-elect to spread democracy, defend human rights and combat climate change, as he sought to woo a leader who sees the world very differently to the outgoing American leader.

MOSCOW, November 8. /TASS/: The Democratic nominee Joe Biden who has won the US presidential election as the American media outlets claim, will hardly make positive contributions to Washington’s policy regarding Russia, Chairman of the Russian State Duma (lower house) Foreign Affairs Committee Leonid Slutsky told reporters on Sunday, adding though that Moscow is ready to cooperate with any head of the US administration.

MOSCOW, November 8. /TASS/: Russian President Vladimir Putin informed Turkish President Recep Tayyip Erdogan in a phone call about phone talks with the leaders of Azerbaijan and Armenia aimed at looking for a solution to the Nagorno-Karabakh conflict, the Kremlin said on Saturday.

According to the Kremlin press office, both presidents confirmed readiness to seek peace for Nagorno-Karabakh.

MOSCOW, November 8. /TASS/: The Democratic nominee Joe Biden who won the US presidential election according to projections of the country’s leading media outlets, addressed viewers and supporters in Wilmington, Delaware, late on Saturday. The politician who is already referred to as president-elect by US media, urged Americans to put away the harsh rhetoric after the election race, as well as outlined the main tasks he sets for himself as head of the country.