October, 2021

• 21 October

  China promotes US-sanctioned official

  

  Bloomberg China has promoted a Xinjiang official sanctioned by the US in its biggest personnel reshuffle in years, as President Xi Jinping prepares to kick off a year of politicking inside the ruling Communist Party. Wang Junzheng, 58, was given the top party position in Tibet, the official Xinhua News Agency reported, promoted from party chief of a powerful economic ...

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• 21 October

  French ‘pundit’ poses with gun, echoes populist leaders

  

  Bloomberg A far-right media pundit who talks about arming citizens and is cementing his position as a main contender for France’s upcoming presidential election demonstrated a love for guns at a trade fair in Paris. Eric Zemmour on Wednesday visited the Milipol International Exhibition, which is promoted as a leading event for homeland security and safety. At one stand, Zemmour ...

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• 21 October

  UK tries to juice UN climate talks with its net-zero plan

  

  Bloomberg Days before it hosts United Nations negotiations over how to ramp up the global fight against climate change, the UK released a sweeping plan to decarbonize its economy by targeting everything from the finance industry to home heating. The masterplan will give British politicians something to tout as they put pressure on other nations to raise their green ambitions ...

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• 21 October

  Poland threatens to block EUclimate talks over funds

  

  Bloomberg Poland threatened to stonewall talks on the European Union’s climate pact unless it receives access to the bloc’s recovery package, raising the stakes of a meeting of the bloc’s leaders on Thursday. Coal-dependent Poland seeks to gain some leverage over the EU by linking further talks on cutting greenhouse gas emissions to tapping billions of euros in pandemic recovery ...

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• 21 October

  State grants emerge as Dems’ clean power program fallback

  

  Bloomberg A White House-backed clean power program that was rejected by Senator Joe Manchin could be resurrected as a grant program that would reward states that increase clean energy. Lawmakers have been working on a Clean Energy Challenge Grant Program for states as an alternative, Representative Jared Huffman, a California Democrat, said in a telephone interview following a meeting with ...

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• 21 October

  Argentina freezes prices of 1,400 goods ahead of vote

  

  Bloomberg Argentina’s government is freezing prices on 1,432 household items in an effort to cool accelerating inflation ahead of November’s midterm election and the Christmas holidays. Prices will remain fixed until January 7 on the products, a larger list than the roughly 900 items government officials had originally pitched to companies and supermarkets last week. Talks between the government and ...

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• 21 October

  Draghi urges active state role in chip sector

  Bloomberg Governments need to fully commit to a European Union plan to increase the bloc’s share of global semiconductor production to 20% by 2030, Prime Minister Mario Draghi told lawmakers in Rome on Wednesday. “In order to make the ecological transition, in order to make the digital transition, there are no alternatives to state intervention,” Draghi said, noting that subsidies ...

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• 21 October

  Gates aims to accelerate global access to Merck’s Covid pill

  

  Bloomberg The Bill & Melinda Gates Foundation said millions of courses of Merck & Co’s promising pill for Covid-19 could begin to reach lower-income nations early next year as the charity kicks in as much as $120 million to widen global access to the therapy. The funds will help spur generic-drug manufacturers, some of which have indicated they could produce ...

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• 21 October

  US futures hold steady as traders mull recovery

  

  Bloomberg Stocks were mixed on Wednesday as traders weighed company earnings and risks from inflationary pressures. Treasury yields and the dollar were weaker. Chinese technology stocks listed in the US rallied in premarket trading, along with Hong Kong peers such as Alibaba Group Holding Ltd. on hopes the worst of Beijing’s regulatory crackdown is over. Tesla Inc. will be in ...

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• 21 October

  Hong Kong stocks rise fastest in world as crackdown ebbs

  

  Bloomberg Investors in Hong Kong’s stock market are rapidly losing their fear of President Xi Jinping’s regulatory crackdowns. The Hang Seng China Enterprises Index has rallied 10% since closing at a five-year low on October 6, the best performance among major global benchmarks tracked by Bloomberg. Alibaba Group Holding Ltd. has provided the second-biggest support to the gauge with a ...

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