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let s start in the us, where there is growing footsteps. 0k. let s get started, shall we? the cameras do not want to play ball but i can walk back to this position. let s start in the us, where there is growing nervousness in financial markets over the possibility the us could default on its debt. a stand off in congress over plans to lift the federal debt ceiling which is currently at an eye watering $31.4 trillion has led to the cost of buying insurance against a us government default has moved to its highest level in more than a decade this month. so, later today, the republican speaker of the house kevin mccarthy will give a speech at the new york stock exchange, where he s expected to lay out the conditions republicans want democrats to agree to in exchange for movement on the debt ceiling. it sounds like a stand off. scott anderson is chief economist at bank of the west in san francisco. welcome to the programme. what will kevin mccarthy say? what is he goin ....
DETROIT, the United States, May 25 (Xinhua) Asia-Pacific Economic Cooperation (APEC) trade ministers are meeting at a time of shared uncertainty and challeng ....
Plan for phasing out nuclear. so this isn t something out of the blue. this has been planned for a long time. germany has ambitious energy policy plans of both phasing out nuclear and phasing out coal. coal over the next ten years. ultimately, the replacement has to be renewables. germany also has very ambitious renewable targets by 2035. they want their grid to be fully renewable. the government at the moment is bringing policies in place for accelerating this. in germany, there s been some challenges with land challenges with [and availability and permitting issues for the deployment of renewables, but germany is making the bet that they will be able to replace, in the long run, nuclearwith be able to replace, in the long run, nuclear with renewables. you say they re ambitious plans. some argue they re unrealistic plans given the fact that, currently, germany gets 30% of its energy from the coal sector. gets 30% of its energy from the coalsector. is gets 30% of its energy from the co ....