A protester is detained by riot police, Nov. 10. Photo: Anthony Kwan/Getty Images
Pro-democracy activists blocked roads, trashed shopping malls and vandalized public transportation across Hong Kong on Sunday, while riot police fired tear gas to break up demonstrations, Reuters reports.
Why it matters: Sunday's protests mark the 24th consecutive weekend of anti-government protests, coming just two weeks before the Chinese-controlled city holds district council elections.
The growth of coronavirus cases is "casting a shadow" over oil's recovery despite the partial demand revival and supply cuts that have considerably tightened the market in recent months, the International Energy Agency said Friday.
Why it matters: IEA's monthly report confirms what analysts have seen coming for a long time: Failure to contain the virus is a huge threat to the market rebound that has seen prices grow, but remain at a perilous level for many companies.
This week, United Airlines warned 36,000 U.S. employees their jobs were at risk, Walgreens cut more than 4,000 jobs, Wells Fargo announced it was preparing thousands of terminations this year, and Levi's axed 700 jobs due to falling sales.
Why it matters: We have entered round two of the jobs apocalypse. Those announcements followed similar ones from the Hilton, Hyatt, Marriott and Choice hotels, which all have announced thousands of job cuts, and the bankruptcies of more major U.S. companies like 24 Hour Fitness, Brooks Brothers and Chuck E. Cheese in recent days.