Chinese president xi jinping and us president donald trump gave duelling remarks at the virtual general assembly in new york, further ratcheting up tensions between the two nations over climate change and the pandemic.
China, the worlds biggest producer of greenhouse gases, said in a surprise move that it will cut its carbon dioxide emissions to nearly zero by 2060. the announcement will raise the pressure on the us, which is now the biggest emitter in the world that does not have a carbon-neutral target.
President trump will officially withdraw the us from the paris climate agreement in november and has refused to honour any emissions targets. in mr trumps remarks, given to the un by video, he said the us had cut its carbon emissions despite leaving the paris accord.
Mr trump also called on un members to hold beijing responsible for the coronavirus pandemic, claiming the us was engaged in a great global struggle to end what he disparagingly termed the china virus. two-hundred thousand people in the us have died, and 6.8m infections have been registered to date more than a fifth of global cases, even though the us comprises only 4 per cent of the worlds population.
Mr xi rejected mr trumps claims in his own pre-recorded speech to the un general assembly. (ft, ap)
Xi jinping critic sentenced to 18 years in prisona beijing court sentencedren zhiqiang, one of president xi jinpings most outspoken and fearless critics,to 18 years in prison and imposed a fine of $620,000 for alleged corruption on tuesday. meanwhile, hong kong activists detained in mainland china have been denied family access. (ft, cnn)
Asset managers set to launch chinas first star 50 index etfs chinas securities regulator has given the nod to the first four exchange traded funds to track shanghai stock exchanges nasdaq-style star market. meanwhile, us active managers failed to beat the market again. (ft)
Us senate republicans set to vote on trumps supreme court pick donald trumps path to installing a new supreme court justice appeared to clear on tuesday as key republican senators, including mitt romney of utah, said they backed holding a vote on his nominee. (ft)
Facebook to act if election hit by chaosthe social media platform has said it will takeaggressive and exceptional measuresto restrict the circulation of content if novembers presidential election descends into chaos or violent civic unrest. (ft)
China, india agree not to send more troops to border the two nations have agreed to stop sending additional troops to the disputed himalayan border after senior military officials from both countries met on monday. (reuters)
Brussels renews legal threat over uk internal market bill maros sefcovic, the eu commissioner in charge of implementing last years brexit agreement, said on tuesday that brussels was studying all legal options on the table if the uk failed to back down.former prime minister theresa may also denounced the internal market bill on monday night. (ft)
Tiffany wins speedy trial schedulelvmhs attempt to walk away from its $16.6bn takeover of tiffany willgo to trial in january, after the us jeweller warned that a longer timeline could force it to accept a lower price or lose the deal. (ft)
China war epic the eight hundred tops global box office the drama set in shanghai during the 1937 japanese invasion of china, had raked in rmb2.91bn ($428m) as of tuesday in its first month in cinemas, according to box office tracker maoyan. chinas recovering economy has given the countrys pandemic-hit filmmakers an edge over us rivals. (ft)
Apples app store opens in india the silicon valley company on wednesday will bring its app store to the second-largest smartphone market for the first time in the more than 20 years its operated in india. (techcrunch)
Central banks new zealand,whose economy saw record contraction in the second quarter, the czech republicandthailandare all likely to keep rates at 0.25 per cent when they meet on wednesday. (ft)
Eu migration and asylum announcement eu commission president ursula von der leyen is set to unveil a new pact on migration and asylum on wednesday. (ft, politico)
The global moral money summit september 30-october 1 will explore what is needed to shift to a form of capitalism that benefits not only shareholders but the whole of society and the planet on which we depend, in an unprecedented time of uncertainty and market turmoil. free tickets available for corporate senior executives. register now.
What trumps tiktok deal learnt from china in forcing bytedance to find an american partner to keep tiktok alive in the us, trump has gone further in advancing xi jinpings agenda by helping mr xi export chinas vision of cyber-governance, writes yuan yang. the next us-china data security skirmish lies in the video game industry, writes frank long. (ft)
In tibets shadowapublic funeral for a tibetan fighterhas refocused attention on the regions role in sino-indian tensions, with longstanding antagonism in beijing because of indias sheltering of the exiled tibetan spiritual leader, the dalai lama. (ft)
Stakeholder capitalisms report card doesnt look good the pandemic and social justice movements have brought stakeholder capitalism to the fore. but a new report shows that even as executives tout their good intentions, companies are failing to follow through. (nyt)
Populists and kleptocrats are a perfect match liberal democrats in europe and the us are not doing enough to curb their money laundering, writes martin sandbu. and the only hope to keep autocracy at bay is a commitment to fighting kleptocracy at home and abroad. (ft)
Trumps court pick could reshape law on abortion and gunsruth bader ginsburgsdeath sets up anideological swingon the court last seen almost 30 years ago when clarence thomas, viewed as the most rightwing justice, replaced thurgood marshall, a liberal hero who championed the civil rights movement. (ft)
The next climate campaign: meatafter advocating divestment from fossil fuel companies, climate activists are taking aim at the emissions-heavymeat and dairy industries, forcing investors to price in the financial risk to agribusiness. we mustput our greenbacksbehind our green rhetoric, writes authorbill mckibben. (ft)
Investors wonder if 60/40 portfolio has a futurethe traditional 60/40 portfolio the mix ofequities and bondsthat has been a mainstay of investment strategy for decades is at risk of becoming obsolete as some investors predict years of underperformance, writes michael mackenzie. (ft)
Brexit and the city: brussels new battleas the clock ticks down to the uks departure, theeus ambitionsto boost its financial services sector as a rival to the city are taking shape. but brussels will find it difficult to replicate the uk capital. (ft)
Cheating scandal that ripped the poker world apart after her opponents epic winning streak at a california casino, veronica brill was left in such disbelief she thought he had to be playing dirty. but just the suggestion of an allegation alone was already breaking one of the sports cardinal sins. (wired)
Why chinas control of rare earths matters china dominates the worlds production and supply of rare earths obscure elements that are vital for high-tech manufacturing. jamie smyth explains why this matters. (ft)