Tag Archives: global

Trump impeachment news – live: President begins global summit by raging about Senate trial, as Schiff warns proposed rules will lead to rigged result

Trump impeachment news – live: President begins global summit by raging about Senate trial, as Schiff warns proposed rules will lead to rigged resultDonald Trump has again labelled his Senate impeachment trial a “witch hunt” and a “hoax” from the sidelines of the World Economic Forum in Davos, Switzerland, before addressing the business summit with a blustering, hyperbolic speech laying out his supposed economic and environmental achievements.Proceedings in the upper chamber of Congress will begin in earnest on Tuesday after the president was charged with abuse of power and obstruction by the House of Representatives, with today’s session set to see heated debate over majority leader Mitch McConnell’s proposals for a compressed format, already labelled the basis for nothing more than a “rigged trial” by House Intelligence Committee chair Adam Schiff.



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Disease that killed millions of China's pigs poses global threat

Disease that killed millions of China's pigs poses global threatSoon the dog’s handler discovered and confiscated a ham sandwich in the purse of a passenger who had flown on a China Eastern Airlines flight from Shanghai. China has lost millions of pigs in outbreaks of the disease, pushing its pork prices to record highs, forcing purchases of costly imports and roiling global meat markets. Bettie is among an expanded team of specially trained beagles at U.S. airports, part of a larger effort to protect the nation’s $ 23 billion pork industry from a disease that has decimated China’s hog herd, the world’s largest.



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The Air Force's Global Strike Command Is Preparing For A Delivery Of New Nuclear Weapons

The Air Force's Global Strike Command Is Preparing For A Delivery Of New Nuclear WeaponsNuclear modernization has arrived.



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Sackler-owned opioid maker goes global with OD treatment

Sackler-owned opioid maker goes global with OD treatmentSome conference attendees were stunned when they saw the booth’s company logo: Mundipharma, the international affiliate of Purdue Pharma — the maker of the opioid, OxyContin, widely blamed for unleashing the American overdose epidemic. “You’re in the business of selling medicine that causes addiction and overdoses, and now you’re in the business of selling medicine that treats addiction and overdoses?” asked Dr. Andrew Kolodny, an outspoken critic of Purdue who has testified against the company in court. As Purdue Pharma buckles under a mountain of litigation and public protest in the United States, its foreign affiliate, Mundipharma, has expanded abroad, using some of the same tactics to sell the addictive opioids that made its owners, the Sackler family, among the richest in the world.



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Fate of global climate action 'in the balance' as U.N. talks go down to wire

Fate of global climate action 'in the balance' as U.N. talks go down to wireBig polluting countries faced last-ditch pressure from smaller nations to show serious commitment to fighting climate change as negotiators battled into the early hours of Saturday to salvage a result from a fraught U.N. summit in Madrid. With the two-week gathering mired in interlocking disputes over how to implement the 2015 Paris Agreement on global warming, Chile, presiding over the talks, had earlier attempted to inject a note of optimism. Chile later announced the talks, which had been due to end on Friday, would resume at 0700 a.m. (0600 GMT) on Saturday.



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One of the world's thickest mountain glaciers is melting because of global warming

One of the world's thickest mountain glaciers is melting because of global warmingFor half a century, Taku had been the one known Alaskan glacier to withstand the effects of climate change – until now.



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Asia’s Big Trade Pact Will Hurt the Global Economy

Asia’s Big Trade Pact Will Hurt the Global Economy(Bloomberg Opinion) — From a political perspective, India’s decision overnight to walk away from immediate involvement in a trade zone encompassing half the world’s population and a third of its economy is good for almost everyone.The government of Prime Minister Narendra Modi no longer needs to make difficult concessions on agricultural trade. Other members of the Regional Comprehensive Economic Partnership group, or RCEP, won’t need to open their home markets to India’s thriving, and low-cost, services sector. China, the linchpin of a zone that also includes the Association of Southeast Asian Nations, Japan, South Korea, Australia and New Zealand, will be able to move forward faster with an agreement that was at risk of being jeopardized by India’s foot-dragging.The U.S., meanwhile, can take satisfaction from the fact that its key regional ally in New Delhi is remaining outside of Beijing’s orbit. A stronger RCEP that included India would almost certainly have revived politically fraught question of whether Washington should rejoin the rival Trans-Pacific Partnership agreement or TPP, which died in Congress under the Obama administration and was formally killed off by President Donald Trump. That’s precisely the problem, though. Trade agreements are hard precisely because deals that are worthwhile economically tend to be politically hazardous, and vice versa. India’s pause on the RCEP isn’t the cause of the parlous state of international commerce in 2019, but it’s another telling symptom of a global trading system where volumes are now falling at the fastest pace since the 2009 financial crisis.Both the RCEP and the pared-down, U.S.-free version of the TPP are better understood as attempts to harmonize trading standards than reduce tariff barriers.In part this is a result of the success of previous trade agreements, which have lowered border levies to the point where the more potent restraint on commerce is often non-tariff barriers, governing areas such as food safety, licensing, and rules of origin. Even within the more protectionist RCEP zone, the median trade-weighted tariff had fallen in 2017 to about 5.15%, a lower average rate than Australia or Canada imposed in the mid-1990s.Still, the effect of harmonizing standards at the regional-agreement rather than global level is the opposite of an opening of trade. The objection to the original TPP — that it resulted in the U.S. imposing its standards on other economies within the bloc — comes with the territory in such deals. The standards that are established across the zone inevitably resemble those of its largest member. That would be fine in a global agreement, but in a regional deal the effect is to raise barriers to nations outside the bloc with different rules.In the case of RCEP, that means smaller and lower-income countries in Southeast Asia are likely to become more closely entwined with China, while their links with potential partners outside the zone will fall behind. The reformed TPP, likewise, will bind those nations closer to each other than to the rest of the world. Only the handful of countries in both blocs — Japan, Australia, New Zealand and Singapore — stand a chance of benefiting as much as China.The result suggests that trade is moving in a similar direction to tech, with the world bifurcating into separate zones as tensions between China and the U.S. force nations to take sides. It’s a path that’s grimly reminiscent of the aftermath of World War II, when the U.S.-led Marshall Plan and Soviet-centered Comecon developed into rival trading blocs. That division split the global economy for the duration of the Cold War. We shouldn’t welcome its revival. To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.



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Hong Kong Protests Flare for 21st Weekend Amid Global Unrest

Hong Kong Protests Flare for 21st Weekend Amid Global Unrest(Bloomberg) — Hong Kong pro-democracy activists demonstrated for the 21st straight weekend as unrest inspired by the movement spread around the globe, from South America to Europe to the Middle East.Police fired tear gas on Sunday at protesters in Tsim Sha Tsui who blocked roads and disrupted traffic. That followed a night of clashes in the New Territories district of Yuen Long and a peaceful rally that drew thousands in Central. Some protesters set fire to shops in Jordan and hurled petrol bombs at a police station in Sham Shui Po, an area in Kowloon, while others threw smoke grenades at train exits.The Monday morning commute was normal, with nearly all train lines running as scheduled. Rail operator MTR Corp. announced that all subway lines would shut down at 11 p.m., except for the Airport Express.The rallies have become increasingly violent over the course of October, with two protesters shot and a police officer slashed. Efforts by Hong Kong’s authorities to quell the protests have largely failed, from banning marches and withdrawing the proposed extradition bill, to using an emergency law to outlaw face masks and pledging to make housing more affordable.The protests have been cited as inspiration for demonstrators around the world who’ve flooded the streets of major cities this month over economic inequality, regional grievances and alleged corruption.Spanish authorities are facing down separatist riots in Catalonia. In Chile, opposition to a 4-cent subway-fare hike has snowballed into the worst unrest there in decades, with at least 18 people killed so far. And in Lebanon, nationwide protests for more than a week, including hundreds of thousands demonstrating in Beirut, have pressured the country’s leader to shake up his cabinet. There have also been protests in Iraq.Last week, reports surfaced that China’s leaders were mulling a plan to replace Hong Kong Chief Executive Carrie Lam by early next year in a bid to calm public anger.Data due in Hong Kong this week will likely signal a technical recession is under way after a contraction in the second quarter. The benchmark Hang Seng Index tumbled 8.6% last quarter, the biggest loss among major global gauges tracked by Bloomberg.(Adds details on commute in third paragraph.)\–With assistance from Denise Wee.To contact the reporter on this story: Iain Marlow in Hong Kong at imarlow1@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Gregory Turk, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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Climate activists block roads, camp out in global protests

Climate activists block roads, camp out in global protestsHundreds of climate change activists camped out in central London on Tuesday during a second day of world protests by the Extinction Rebellion movement to demand more urgent actions to counter global warming. Determined activists glued themselves to the British government’s Department of Transport building as police working to keep streets clear appealed to protesters to move to Trafalgar Square. Cities in Australia, elsewhere in Europe and other parts of the world also had climate change protests for a second day.



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Climate activists occupy Paris mall as global Extinction Rebellion protests begin

Climate activists occupy Paris mall as global Extinction Rebellion protests beginHundreds of climate activists barricaded themselves into a Paris shopping centre on Saturday as security forces tried to remove them, ahead of a planned series of protests around the world by the Extinction Rebellion movement. Campaigners faced off against police and some inconvenienced shoppers as they occupied part of the Italie 2 mall in southeast Paris. The protest comes ahead of planned disruption to 60 cities around the world from Monday in a fortnight of civil disobedience, from Extinction Rebellion (XR), which is warning of an environmental “apocalypse”.



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