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China adds teeth to clean energy targets

Bloomberg China boosted its clean energy targets for 2020 and said it would for the first time formally monitor whether provinces meet their goals or not. Nationwide, the country is targeting 28.2% of electricity generation to come from renewable sources, up 0.3 percentage points from last year, the National Development and Reform Commission (NDRC) said. Non-hydro sources are expected to ...

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Trump’s Antifa threat is a threat to free speech

President Donald Trump tweeted that the executive branch will designate Antifa as a “terrorist organisation,” apparently in an attempt to pin blame for the weekend’s violent protests on the loose collection of far-left activists. The president’s announcement was characteristically unclear. Federal law says that if the Secretary of State designates a group as a foreign terrorist organisation, then materially supporting ...

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UK’s virus quarantine won’t fly

Just as coronavirus infections weaken, European countries lift foreign travel restrictions and people gear up for the possibility that we might actually get on an airplane again, one of the world’s largest tourism markets is effectively shutting down. Under rules to be finalised on Tuesday, anyone arriving in the UK from June 8, including returning Britons, will have to quarantine ...

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Coronavirus antibody tests aren’t accurate!

Doctors, medical administrators and consumers are falling for misleading marketing of Covid-19 antibody tests. And the FDA has exerted almost no oversight over a hodgepodge of different tests that have come on the market since April, promoted with a blitz of direct emails to clinics and hospitals that tout the tests’ ability to detect past infections of Sars-CoV2. The FDA ...

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Take China’s US farm threats seriously now

If you’re haggling over the price of goods at a market, there often comes a point when the buyer threatens to walk away. It’s up to the seller to decide whether or not that’s a bluff. That’s the right way to consider the news that Chinese state-owned agricultural companies have been ordered to pause purchases of US farm goods, including ...

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UK considers air bridges to replace virus quarantine

Bloomberg The UK is considering a plan to allow unhindered flights from countries with a low risk of spreading coronavirus as pressure mounts on ministers to scrap controversial quarantine plans. Arrivals in Britain will have to self-isolate for 14 days under rules to be introduced on June 8, which travel executives warn could devastate their industry. The restrictions are due ...

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Thailand approves $9b airport terminal project

Bloomberg Thailand’s cabinet on Tuesday approved a bid by a consortium led by BTS Group Holdings Pcl for an airport development project worth 290 billion baht ($9 billion). The project will add a third passenger terminal at the U-Tapao International Airport near Pattaya, which in normal times is a tourist hot-spot, and develop other facilities like air cargo and aviation ...

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Air Mauritius is running out of options, say administrators

Bloomberg Air Mauritius administrators are running out of time to save the airline as recurrent expenses pile up, costs of servicing leases for new aircraft accumulate and unions fail to give constructive proposals on job cuts. By the end of March 2021, cumulative losses could reach 9 billion rupees ($225 million) if costs are not cut in the short term, ...

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Hong Kong retail slump continued in April

Bloomberg Hong Kong’s retail activity extended a decline in April as the coronavirus pandemic continued to constrain global travel. The city’s retail sales by value fell 36.1% from year-ago levels to HK$24.1 billion ($3.1 billion), for a 15th consecutive monthly decline, according to a government release. That’s ahead of the median economists’ forecast for a 40% slump, according to data ...

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Trump threatens to use troops to crush unrest across US cities

Bloomberg President Donald Trump threatened to deploy the US military to end “riots and lawlessness” across the country in a Rose Garden address punctuated by the sound of explosions as federal officers dispersed peaceful demonstrators just outside the White House gates. Trump called on governors and mayors to “dominate the streets” and announced that he was sending thousands of heavily ...

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