Biden announces return to global climate accord, new curbs on U.S. oil industry January 21, 2021 By Valerie Volcovici and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden on Wednesday announced America’s return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements also included a sweeping order to review all of [...]
China sanctions Trump officials including Mike Pompeo January 20, 2021 China has slapped sanctions on 28 top US figures including former secretary of state Mike Pompeo, who it claimed violated Chinese sovereignty. Pompeo joined a list of US political heavyweights banned from doing business with China, including John Bolton, Donald Trump’s former national security advisor, Peter Navarro, former director of trade, and Steve Bannon, former [...]
It’s Inauguration Day: Full timeline and where to watch Joe Biden’s entry to the White House January 20, 2021 Joe Biden’s inauguration will take place today, making him the 46th President of the United States. The Democrat will take the reins in a moment of profound unease in US politics, with outgoing Donald Trump becoming the first President in 152 years not to attend the welcome ceremony for his successor. With officials looking to [...]
The inauguration of President Joe Biden in pictures January 20, 2021 The inauguration of President Joe Biden in pictures
Biden mulls creation of competition tsar amid tech probes January 20, 2021 The administration of incoming US President Joe Biden is said to be mulling the creation of a new White House role focused on competition issues amid a string of probes into tech giants. The Biden administration is still weighing up the role, which could be based in the White House or focus on coordinating actions [...]
Before the Bell: It’s Biden’s time as Trump leaves the stage January 20, 2021 The return of US markets from the Martin Luther King holiday saw stocks drive higher as the US gets ready to swear in today a new President for the next four years, CMC Markets UK chief market analyst Michael Hewson tells City PM this morning, adding that optimism that the pledge to act big on [...]
Before the Bell: Janet Yellen faces US lawmakers today January 19, 2021 A lacklustre trading session for Europe in the absence of US markets yesterday saw European equities finish the day rather mixed with the FTSE100 finishing the day on the back foot, while German and French markets finished the day modestly higher. Michael Hewson, chief market analyst at CMC Markets UK, told City PM this morning [...]
Before the Bell: Details of Biden’s $1.9 trillion stimulus package January 15, 2021 Overnight, US President-elect Joe Biden revealed a stimulus package of $1.9 trillion. Ahead of the announcement there was speculation the package would be in the region of $1.3 trillion to $2 trillion. “It was at the upper end of estimates,” David Madden, market analyst at CMC Markets UK, tells City PM this morning. The programme [...]
Airbnb cancels all Washington bookings during Biden inauguration January 13, 2021 Airbnb is cancelling all reservations in the Washington DC area during the week of Joe Biden’s inauguration amid concerns about further violence. The holiday rental site said all existing reservations will be cancelled, including those made on its Hotel Tonight subsidiary, and any new bookings will be blocked. Airbnb said guests and hosts will be [...]
Exclusive: UK eyes adding climate provisions in US trade talks to woo Joe Biden January 13, 2021 The UK will try to add new provisions on climate change and environmental standards in US trade negotiations in a bid to woo incoming President Joe Biden. Trade secretary Liz Truss wants to build on current negotiations with the Donald Trump administration and potentially add things like enhanced protections on air pollution and corporate transparency [...]
