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  • Bose QuietComfort 35 & Earbuds Black Friday & Cyber Monday Deals (2020): Top Bose Wireless Headphones Sales Monitored by Deal Stripe
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    Bose QuietComfort 35 & Earbuds Black Friday & Cyber Monday Deals (2020): Top Bose Wireless Headphones Sales Monitored by Deal Stripe

    The best Black Friday & Cyber Monday Bose QuietComfort Earbuds and 35 deals for 2020, including Bose noise cancelling headphones discounts

  • Malaysia Leader Wins Budget Vote, Passes Key Leadership Test

    Malaysia Leader Wins Budget Vote, Passes Key Leadership Test

    (Bloomberg) -- Malaysia Prime Minister Muhyiddin Yassin survived a key test of his leadership on Thursday when he won enough support in parliament for his 2021 budget.House Speaker Azhar Azizan Harun determined that the budget was passed in a voice vote. Just 13 lawmakers called for votes to be counted individually, fewer than the 15 required for bloc voting to be held. The results will ensure Muhyiddin, who took power in March, remains in office for now as the budget enters a second round of debates next week.Muhyiddin’s victory on Thursday came after months of pressure on him to prove he commands majority support in parliament. Still, it’s unclear how long he can hang on: His coalition allies have urged him to allow for a confidence motion to be tabled in parliament, and to hold an election once the pandemic is under control.“I was surprised the speaker jumped to a voice vote,” said James Chin, a Malaysian academic and a political analyst who heads the Asia Institute at the University of Tasmania. “We don’t really know what is Muhyiddin’s support on the floor of parliament or the strength of the opposition because no individual vote was taken.”On Thursday, Finance Minister Tengku Zafrul Abdul Aziz sought to offer an olive branch to lawmakers by adding a slew of proposals from both the ruling coalition and opposition parties. The $78 billion spending plan for 2021 is set to be the nation’s biggest budget yet.“We may not be perfect, but we listen,” he said in parliament. “In the coming months, we will continue to listen.”The main equities index closed at its highest level this year, as investors cheered the passage of the budget. The ringgit rose 0.5% to 4.0650, its strongest level against the dollar in 10 months, while sovereign bonds held losses.Muhyiddin had been on shaky ground prior to the vote: In July, he was able to replace the lower house speaker by a majority of just two votes. He had suffered a loss of prestige last month when Malaysia’s king rejected his request to declare a state of emergency to tackle the pandemic, which would’ve allowed him to pass the budget without approval from lawmakers.Losing the budget vote would’ve been unprecedented for a sitting prime minister in Malaysia. Other Westminster parliamentary democracies have established that the defeat of a supply bill amounts to a loss of confidence, Deputy House Speaker Azalina Othman Said wrote on her website.The monarch thanked lawmakers for supporting the budget in parliament, the palace said in a statement.Muhyiddin still faces more challenges in the next few weeks. The supply bill will enter the “committee stage” on Monday, which means several more rounds of voting as the lower house scrutinizes each portion of the bill until it finally adjourns for the year on Dec. 15.If parliament doesn’t agree to a spending plan before the end of this year, only about 20% of the original budget alloted for pensions and debt servicing can be spent without the legislative assembly’s nod, analysts at Maybank wrote in a note.Beyond the budget, the prime minister is also facing increasing pressure from allies to test his support either through an election or in parliament. Motions of confidence filed by various lawmakers have been buried at the bottom of the order paper due to government matters taking precedence.“The government should make it a priority to bring a motion of confidence into this noble house,” said UMNO president Ahmad Zahid Hamidi, the head of a key ruling coalition ally, during the budget debate last week. “The mandate comes from the people, so the mandate should be returned to the people.”(Adds analyst comment in fourth paragraph, market reaction in seventh.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Merkel Urges Germans to Help Stop Virus ‘Worst-Case Scenario’

    Merkel Urges Germans to Help Stop Virus ‘Worst-Case Scenario’

    (Bloomberg) -- Chancellor Angela Merkel urged Germans to do more to rein in the coronavirus to avoid the “worst-case scenario” of an overburdened health care system.Speaking in parliament Thursday after extending a partial lockdown until at least Dec. 20, Merkel said restrictions will likely remain in place until early January. On a more upbeat note, she said it’s possible that a vaccine for the virus will be available before Christmas.“We undoubtedly have some difficult months ahead of us again,” Merkel told lawmakers on Thursday.Merkel and the leaders of Germany’s 16 states agreed late Wednesday to tighten limits on private gatherings but kept schools and most businesses operating to help limit the impact on the economy. Merkel’s Chief of Staff, Helge Braun, told RTL there’s even a chance that restrictions will remain in place until March if the disease isn’t reined in.There’s no sign of that happening at the moment. Germany registered a record increase in new coronavirus cases during the 24 hours through Thursday morning, bringing the total to just under 1 million. Fatalities, meanwhile, have exceeded 300 for three straight days, the first time that’s occurred since the start of the pandemic.With infection rates surging, German authorities this month ordered restaurants, gyms and cinemas to close. Nations like France and Britain imposed tougher restrictions, and with outbreaks there easing, officials are cautiously moving to loosen curbs ahead of the Christmas holidays.French President Emmanuel Macron said Tuesday that he will gradually lift a nationwide lockdown from Saturday, while restrictions in the U.K. will be eased over Christmas to allow as many as three households to meet indoors.By contrast, Germany’s restrictions have yielded little progress in slowing the spread of the disease. Infection levels are still nearly three times the government’s target rate, and people with the disease in intensive care are at record levels.”The case numbers have stagnated at far too high a level,” Merkel said. She wants the seven-day incidence per 100,000 citizens to come down to around 50 -- and stay there -- before restrictions can be loosened. It was at 140 on Wednesday, according to the latest report from the RKI public health institute.The chancellor and state premiers will revisit the country’s restrictions on Dec. 15.An extension of the partial lockdown isn’t likely enough to reach the target rate by Christmas, according to the Ifo research institute. A more rapid decrease would require tougher measures for schools, retailers or both, the group said.The costs for the shutdown -- including reimbursing affected businesses for most of their lost revenue -- continue to mount. Financial support in December is expected to total as much as 20 billion euros ($23.8 billion), according to people familiar with the negotiations. That could more than double total aid since early November to some 34 billion euros.Merkel said that ultimately, German citizens will determine how successful the country is in tackling the health crisis. “It’s in our hands. We are not powerless,” she said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.