Economy
Some Apple, Tesla suppliers suspend production in China amid power pinch – Reuters
Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods.
Fuel supply: UK suspends competition law to get petrol to forecourts – BBC
The government is to suspend competition law to allow oil firms to target fuel deliveries at petrol stations following recent panic buying.
Officials said the move would make it easier for companies to share information and prioritise parts of the country most at need. It follows days of long queues at the pumps, after fears of disruption to the fuel supply sparked panic buying. But a minister said there were no plans to bring in the Army to drive tankers.
Beijing bourse to launch test for market opening – China daily
The Beijing Stock Exchange has announced that it will carry out the first market opening test on Sept 25, suggesting that the new bourse may commence trading in the near future.
A wide range of institutions will participate in the test to check if they are technically prepared for the new bourse kicking off trading.
Pelosi sets Thursday vote on infrastructure, eyes smaller social spending bill – Reuters
U.S. House of Representatives Speaker Nancy Pelosi on Sunday set a vote on the $1 trillion bipartisan infrastructure bill for Thursday and voiced confidence it would pass.
China’s latest crypto crackdown is its toughest yet – Quartz
In China, the crypto market has been under constant threat, but it’s never fully been shut down. That may be about to change.
China’s regulators clarified on Friday (Sept. 24) that cryptocurrency transactions and mining are illegal, the country’s strongest stance against the non-government-issued currencies to date. In a statement, the People’s Bank of China (PBOC) said the rules are necessary to “maintain national security and social stability.”
Environment
US airlines are planning to unnecessarily burn 20,000 tons of CO2 per day because of FAA rules – Quartz
A proposed rule change from the US Federal Aviation Administration (FAA) has prompted airlines to change their schedules and dramatically increase their carbon emissions by burning millions of gallons of jet fuel. It’s the result of airlines scheduling unneeded, extra flights out of the seven most congested US airports to protect their access to those airports into the future.
The rule governs how airlines use their assigned takeoff and landing slots at the US’s most congested airports. Data from aviation analytics firm Cirium shows a bump in scheduled flights on Oct. 30—the day the rule change is set to take effect—even though consumer demand for air travel is falling amid a resurgence of Covid-19 outbreaks across the US.
Health
Global vaccines project to revamp rules after Britain got more than Botswana – Reuters
In March, as wealthy Britain led the world in vaccination rates and almost half its people had received a shot, the organisation meant to ensure fair global access to COVID-19 vaccines allotted the country over half a million doses from its supplies.
The post Daily Digest 9/27 — China’s Latest Crypto Crackdown is Toughest Yet; Beijing Bourse to Launch Test for Market Opening… appeared first on Peak Prosperity.
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