Page 18 - M Fe News Today

Senate Democrats are set to try again on Wednesday to extend the U.S. government's borrowing authority to head off a catastrophic default, after President Joe Biden suggested they could change the chamber's rules to bypass a Republican roadblock.

The European Commission on Wednesday proposed adding shipping to the bloc's carbon market for the first time, adding pressure on an industry, which had for more than a decade avoided the European Union's system of pollution charges, to become greener.

Fresh coronavirus outbreaks in Southeast Asia have hurt factory activity across industries, threatening the region's recovery from the COVID-19 pandemic and disrupting global supplies of goods such as apparels, automobiles, and electronics.

Global equity markets slid and the dollar rose on Wednesday after a strong private payrolls report and surging energy prices fueled the inflation outlook and expectations the Federal Reserve will soon taper its massive bond purchases.

German construction workers said on Wednesday they were likely to go on strike for higher wages and other payments, increasing pressure on employers to finally meet a range of demands including more compensation for long commutes to building sites.

Taiwan falling to China would trigger "catastrophic" consequences for peace in Asia, President Tsai Ing-wen wrote in a piece for Foreign Affairs published on Tuesday, and if threatened Taiwan will do whatever it takes to defend itself.

Facebook has complied with Russian demands to delete some content Moscow deems illegal, but it could still face a hefty fine as it was slow to do so, the Vedomosti newspaper reported on Tuesday, citing Russia's state communications regulator.

European Union governments are embroiled in talks this week on whether a surge in energy prices requires a coordinated response, as leaders weigh the potential fallout for Europe's green transition and consumers facing the winter heating season.

Chad and the Central African Republic (CAR) have called on the United Nations and African Union to investigate an incident at a border post in which at least six Chadian soldiers and three Russians on a military mission to assist CAR were killed.

South Africa's biggest metalworkers union on Tuesday launched an indefinite strike, seeking pay rises and threatening to block supplies of parts to make new cars and accessories, industry and union officials said.