Overseas Headlines -April 22, 2021

April 22, 2021

United States:
Biden Pushes Carbon Plan to World Burned by Trump, Leery of Risk

“President Joe Biden will pledge to cut U.S. greenhouse gas emissions in half by 2030 as he convenes 40 world leaders in a virtual summit intended to demonstrate renewed American resolve to fight climate change and pressure wary nations to raise their own ambitions. Biden will announce in the two-day summit that begins Thursday that the U.S. will reduce its own greenhouse gas emissions 50%-52% from 2005 levels by the end of the decade — nearly doubling a commitment made under former President Barack Obama that was scrapped by former President Donald Trump.” ”


U.K. Sees Record Jump in Firms in Significant Financial Distress

“The number of U.K. businesses in significant financial distress jumped the most in at least seven years last quarter, with firms across all sectors seeing their situation deteriorate. There are 723,000 companies facing serious problems, according to research by intelligence provider Begbies Traynor published Thursday. That’s a 15% increase from the end of last year, and the biggest quarterly increase since it began publishing the data in 2014. From a year ago, the number has climbed 42%.”



India Eases Rules to Encourage Ministries to Spend to Aid Economy

“India eased rules for capital expenditure by government departments, as it seeks to spur spending in an economy that is trying to shake-off the impact of a new wave of coronavirus infections. Curbs put in place in 2017 on monthly and quarterly spending by ministries won’t apply for capital expenditure, the Finance Ministry said in a memorandum Thursday. The relaxations are effective immediately and will be in force until further orders, it said​.”



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