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GOP Counters Biden With $568 Billion Infrastructure Plan Bloomberg 1 hour ago Steven T. Dennis and Laura Litvan © Bloomberg Construction on the Corpus Christi Harbor Bridge and ramps that will connect to Interstate 37 in Corpus Christi, Texas, U.S., on Friday, April 2, 2021. Republicans may be ready to support limited infrastructure funding in President Biden's spending proposal, which would require scaling back the $2.25 trillion plan by more than two thirds, a senior GOP senator said. (Bloomberg) -- Senior Senate Republicans offered a $568 billion counter to President J...

Trafigura Takes Control of Troubled Puma Energy as CEO Exits Bloomberg 3 hrs ago Andy Hoffman © Bloomberg Construction workers ride in the back of a pickup truck past a Puma Energy Holdings Pte. Ltd. gas station Lilongwe, Malawi, on Tuesday, June 26 2018. The diversification of the agriculture-reliant economy is a top priority, Malawian President Peter Mutharika said in an interview on Monday. (Bloomberg) -- Commodities trader Trafigura Group will take back near full control of its troubled Puma Energy subsidiary following the Angolan state oil company’s exit. Popular S...

Biden Says China to ‘Eat Our Lunch’ Without Building Plan Bloomberg 2/11/2021 Alan Levin, Jordan Fabian and Erik Wasson © Bloomberg Construction crews work to erect a new highway bridge to carry I-65 traffic across the Ohio River from Louisville, Kentucky. (Bloomberg) -- President Joe Biden urged Congress to move quickly on a large infrastructure improvement plan in a meeting Thursday with four senators, declaring that China is poised to “eat our lunch” otherwise. Biden said he spoke with Chinese President Xi Jinping for about two hours in a call on Wednesday. “...

China’s Wide Income Gap Undercut Spending as Growth Recovers Bloomberg 1/19/2021 (Bloomberg) -- China’s successful control of Covid-19 made it the only major economy to have grown last year, but wide income inequality and still weak consumer spending reflects an unbalanced recovery. Here’s a deeper look at some of the data published alongside the gross domestic product report this week: Income Gap Official figures released on Monday which showed that the economy’s growth rate surpassed pre-pandemic levels in the last quarter also revealed that the richest 20% of Chinese had an aver...

China’s Wide Income Gap Undercut Spending as Growth Recovers Bloomberg 1/19/2021 (Bloomberg) -- China’s successful control of Covid-19 made it the only major economy to have grown last year, but wide income inequality and still weak consumer spending reflects an unbalanced recovery. Here’s a deeper look at some of the data published alongside the gross domestic product report this week: Income Gap Official figures released on Monday which showed that the economy’s growth rate surpassed pre-pandemic levels in the last quarter also revealed that the richest 20% of Chinese had an aver...