FINANCIAL TIMES Democrats defiant over Trump threats to challenge postal votes ‘© Swing states lash out e Biden leads on eve of polling day e Businesses fear possible unrest Ardern appoints Maori ministersin |) New Zealand's most diverse cabinet FA lac cy ST neafen Merkel appeals for national effort on Covid Aictiabecks limit for Chanceborsyetheeisn ‘hice andaimstorcstit Infection ate this non | presidentin plebiscite SER poncrtomakethis walteat November ajint sucess High drama Sculpture saves train T-cell reaction conveys virus immunity after infection, study finds = Tarlton whe Ses a stencandl arouse Seni Zelensky at pivotal moment over Ukraine constitutional court De eC onsINTERNATIONAL Traq’s PM battles to curb militias as economic crisis deepens Political systemand armed groupsleave Kadhimistru jorestore order UAE minister backs Macron call for Muslim integration fUS ELECTION Record turnout likely despite virus fears Uproisomproicalto _eymamaiennadirers iy atacand nn em ny rene sorethisyear compared aaa Sierra Syme a Political donations. Fundraising Small donors swell Democratic war chest SWhacall rented anner nt ckeionis “teas veri Meerut Mail ballot battles raise fears over « constitutional ennich _— ee ec cect eee emcee fer, Sees | oe ‘hens Zereaemetbaa | rena ett Clues to winner All eyes on Florida’ early results as official outcome expected to be delayed Sa Soares ees Soot Simerediesertmniy tnincaamcoks pohietyceee Sofia oe aosATTSe ee Companies & Markets iii Sound investment Hipgnosis doubles size of Fintechs Nexi Beijing orders songs catalogue after $523m deal with Kobat oc Mato attend talks ahead of $37bn Ant IPO ‘© PBoC and regulators call meeting ‘© Group founder given ‘dressing down’ eee ee “Today banks rel operating witha Psp mentality ASIA INSURANCE SUMMIT €72bn tie-up ‘Arbageddon risk recedes as deals go through PagersANDREW NEIL We ANNESOY Pa IN A CONFUSING WORLD, IT’S MORE IMPORTANT THAN EVER TO TRUST WHERE YOU TURN As the most anticipated election of the year approaches, our correspondents will be reporting live on-the-ground in the US and around the world. Puen Cermu mace teuc marten follow the story live on TY, online and on the app. a fe[8/C] = US Election 2020 NEWS bbc.com/us2020COMPANIES & MARKETS Serco hit bylossofnuclear contract = cue" .2bn cash ticatomkestame, "tenn saare, Smukiemoaiaie Sioa rccuae Seto Frbassetrale Weapons Esabishment ers Jedia, Research Academic publishers bet on preprint platforms opens = wih stbseion Abandoned US home lender listings highlight doubts over housing boom’s durability SoreCOMPANIES & MARKETS US digital start-ups challenge banks _cititiskboss with push to win customer deposits Peetsare set to follow Varo lead after it becomes the frst consumer fintech group to secure national charter ae wr aedCOMPANIES & MARKETS CRS STE = Re its Investors boost macro funds searowen as choice of portfolio hedge pila US election fears eee re % tough ih satan = eae " fandshove aerate performed well 3 daring — "Shs! ewe Second lockdown in England takes GSA looks to interest rate swaps heavy toll on leisure sector debt in greater focuson niche trading Fe tspullagsomeotihe 22 Trend Funda rm conveitonal makes ke forex bonds andesesCOMPANIES & MARKETS The dey in themarkets Beijing bashing has hurt the US more than China John Plender “Thereby stat Chinese eatin has wrested aoc withtSexpors The Political Economy Club teen saheagtinovetec ber Seteedascanp ‘eaten tgtioncren kom Irmaesenmssiennpaanne eat He i —a a =a Wall street Eurozone London nosed eratMARKET DATAMARKET DATA i ht iii Sibi i passerine eflosallltlfdoe aot detiefatbncafset dito bts aq cat i q 1 te a aAeUa ELGAR HNGAAN NTA fn ig it iin nll lietlnntcdateasettntttltetied gee team eee | aeereaital = i “tos Be al eset 8 at dane 0 at] i aan ‘lilt ‘largest independent analyst teams. 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By Demetri Sevastopulo SURG See on, EOauGATtemecmmagyear svete le tang rea 2016 tepmne ae Seeman = im oe aoe SS Yoscn = See ent eae eta nnn ee ‘werner at Seige akan smo Reactant “Eine Siero Somme? Te ENT aes ee eae ‘etme msn Seesngeanscn palace ete cee Scmecenanne mune, cemaeegetiles eee epics cee ee ee ieee Sees pe [es oe See eae oS ‘mbetsatc meng, UPWHNS Sent te | ree ann sper ey “more recy Taha esa Se ee seo pee emcee Se So ee ee or ae Prone Sg pury nse tess maya Kenmare TSEGSer lg isewalaaer | Paw Tompang ae oona Re hen (Srwtont pate i y f } i ra Fr“Want ar and wouter Macron, Islam and secularism in France ‘hecomer hatingonore ric eroratt The battle to save UK businesses in lockdown FINANCIAL TIMES ae =Global liquidity trap requires a big fiscal response Great power rivalry hots up «ita Seite ppmgmony seeines cenctineess| inthesouth Gopinath bia eee a ee el ee es a : mn ea cea eay the tated aft oe Rewwmmnnine, Semagtiganaes = “Tony ate: ERS oa Tork ee eS ace vara wy ‘aoe emu oma = = ma eand esd it ace seer ao a Serene : ‘eveyone Democracy can fail anywhere, evenintheUS B= = I Racha i =o oe Sie! cts army ate ihe mr ne me Seeger See ema tal the wey eae he process hos Bcreestacet: cc ee Se \yomareet Seman taking Sa, Soe Soames Se peanLex. { Sere “sore acme pendence Eprom = = = = ata a Ts Senay tetas Ryanair wellgrounded ‘Suttomlarrmane” | copamehdamssprom! | sientaiesSatvens” | Saar args tt, eras ‘CROSSWORD No 1624 Set by LEONIDASes World Economy Tuesioy November 32020, wv f.comeporisereperts Inside jebalition ‘ot ret er suey anand he end ‘eer papain and Eviprospects wi Spend on mare thas Brom Coste to bul sly ‘sue see inept a ‘Winners and losers Pander aceates Ten ways Covid-19 ual ill ape the world “a ae vvrtes Marcin Wal ero ve a ADVERTISEMENT Affirming the “Responsibility” of Responsible Asset The Social Exigency of Sound Finan i Lasting vty en sng vty Japan wings on emgage nas die orpoteo, nd ratonl hokangs of inal aset responsi hat was the suse ot @ NAL Sriposuin on August 2 Th ever coma re reson an soeshes and spar oft rs by goverment end corporte re ‘Reconciling Economic Vitality and Public Health Amundi BlackRock. J ENCEARIEA$ Dai Asset Monogenent TEASE ON eMorgan | murs NOMURA TAUVECN — @aesona Auet ManagementWorld Economy Europes prospects depend on more than beating virus Brexit costs on course to build slowly as UK enters end game What next for globalisation, after populism and pandemicTen ways Covid-19 will shape the world ContributorsWorld Economy Winners and losers as consumers seek value Global outlook When frowrh returns ite drivenby thesame forces cr have spending patterns changed? by dierent dean Race to discover pandemic vaccine faces hurdles nd meerCause esses African Banking & Finance sy be 32000 wen teomcns tates Continents unbanked Opportunity2 rtmepors Fae TW ty Se) African Banking & Finance Ramaphosa tells banks to get lending Pandemic response ‘hen South African eatery sent ‘Even in Africa's financial hub, will hamper recovery, eS writes Joseph Cotterill ie Ins eee nr Se Kenya's Faulty targets _——— feel domihance ea Villers Gls Iestanent ea eee eee bere rita Licence delay places renuinsnnal” | TECH hub braces as pandemic bites Financial inclusion drive slowed by lack of access for felecams groups rae 4 Ethiopia’ slow path to bank liberalisation Reformist central banker ays looser control sa {ist step to atract foreign capital tf ‘ete smpany or Spore investors electrify sustainability dive a Climate resoltion at eect South African lender | et eur te ie ss marks changing eee environment for fossil | tidings tae fualled power projects | Ssctaieteiaterseot seat Pox “ates i SimEciontnntS0s fier Nrien inte ot LnpiopinnieppetAfrican Banking & Finance Eaagela t= Sis cert ¥) - a “Lagos... is haracterised by youthful energy’4 Lermeponts mae WE ty SNe 2 African Banking & Finance Interview James Mwangi Chicfexecutive has earmarked $100m for cross-border acquisitions, writes Andres Schipani Kenya’s Equity Bank targets regional role te Nsiciticethne “sb bps nko sae Minter” tyamelasgwatspesnay ‘Sopednpie Wilma on) agree ‘itorebydecet Ebvncat autecuape iar be ee ‘Only23percentofthe seated ‘Afican populationhave Gemetrtepene bankaccounts Seema eee re Janes yang cit execstve Sadat ‘itenyas Ea bank Somcbeuteonsasdy” TeneatinciDCredd— iemmige®Amnslorass yornepieeds preety OeAdvertisement Kk BANK OF KIGALI y Financially transforming lives. 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