INTERNATIONAL HEADLINES
UK applying to join Asia-Pacific free trade pact CPTPP
The UK will apply to join a free trade area with 11 Asia and Pacific nations on Monday, a year after it officially left the EU. Joining the group of “fast-growing nations” will boost UK exports, the government says. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership – or CPTPP – covers a market of…
76% of U.S. Companies in Hong Kong Are Worried About Security Law, Chamber of Commerce Survey Finds
BY IAIN MARLOW / BLOOMBERG JULY 13, 2020 3:40 AM EDT Amajority of U.S. businesses operating in Hong Kong are worried about the impact of the controversial national security law recently imposed on the city by China, according to a survey from the American Chamber of Commerce. The lobby group said 76% of companies were concerned about…
Ex CEO of Payment Provider Wirecard Arrested Over Missing $2 Billion
BY ASSOCIATED PRESS JUNE 23, 2020 5:13 AM EDT (BERLIN) — The former CEO of German payment service provider Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday. Markus Braun resigned on Friday after the company disclosed that auditors couldn’t find…
Clean Energy Capacity Grew at a Record Pace in 2019, U.N. Report Finds. But it Needs to Grow Even Faster
BY CIARA NUGENT JUNE 10, 2020 1:29 PM EDT The world’s renewable power capacity grew at a faster rate last year than ever before, while the cost of adding new capacity fell to a record low, says a U.N. Environment Program report released June 10. Researchers found that in 2019, governments and companies created 184 gigawatts (GW) of new renewable power…
The Economic Principle That Tells Us a Lot About Coronavirus and Climate
BY JUSTIN WORLAND UPDATED: MAY 18, 2020 7:55 PM EDT | ORIGINALLY PUBLISHED: MAY 13, 2020 11:11 AM EDT Report after report has documented the warning President Trump received about the growing threat the new coronavirus posed to the U.S. But Trump remained defiant, reports say, seeking to settle the markets and sustain the three years of…
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