Manchin says he's 'engaged' with Biden on economic plan

VIRGINIA (BLOOMBERG) – Senator Joe Manchin emerged from a phone meeting with United States President Joe Biden still uncommitted to voting for the President’s economic agenda by year’s end. “We’re just talking about different iterations, that’s all,” Mr Manchin said…

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ADB cuts developing Asia outlook on Omicron risks

MANILA (BLOOMBERG) – The Asian Development Bank (ADB) cut economic growth forecasts for developing Asia, as the emergence of the Omicron variant and rising coronavirus infections globally show the pandemic is far from over. The region’s gross domestic product will…

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The Achilles' Heel of Biden's climate plan? Coal miners

CHICAGO (NYTIMES) – For years, environmentalists in the United States have sought compromises with labour unions in industries reliant on fossil fuels, aware that one of the biggest obstacles to cutting carbon emissions is opposition from the unions’ members. States…

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China factory gate inflation slows in November

BEIJING (REUTERS) – China’s factory-gate inflation slowed in November, driven by a government crackdown on runaway commodity prices and an easing power crunch, amid Beijing’s efforts to bolster the faltering economy, data out on Thursday (Dec 9) showed. The increase…

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