Asian Lite Daily Digital – October 21, 2020 – No 10 Vs North as Boris puts MCR into Tier 3

No 10 Vs North as Boris puts MCR into Tier 3; Thousands support local businesses through Pay It Forward London; UNICEF Prepares For Efficient Delivery of Covid Vaccine; Pakistan, Turkey Meddling Disrupts Armenia-Azerbaijan Ceasefire; COVID-19: Modi Alerts Nation To Remain Vigilant – all in Asian Lite Daily Digital – please click here to read.

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Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel

EU prepares retaliation for Trump’s tariffs

The European Commission is assembling a fresh round of counter-tariffs aimed at US goods, adding to two existing lists of potential targets—one of which includes products that were hit by suspended tariffs

US, EU slam China’s war games near Taiwan

US President Donald Trump underscored the need to maintain peace in the Taiwan Strait, advocating for a diplomatic approach to cross-strait tensions while warning against the use of force The United States

£13.9 billion of R&D fund to boost innovation, jobs

Funding outlined to support transformational R&D in areas like life sciences, green energy, engineering and beyond More UK innovators like those developing treatment-transforming dementia tests or building world-leading testing facilities to power

OPEC+ accelerates oil output hikes

Despite the production boost, the group emphasised that future adjustments remain flexible and could be paused or reversed depending on market conditions. Eight OPEC+ nations have unexpectedly decided to accelerate their oil