French lawmakers approve a ban on short domestic flights

© Reuters. FILE PHOTO: An Air France airplane lands at the Charles-de-Gaulle airport in Roissy PARIS (Reuters) – French lawmakers voted late on Saturday to abolish domestic flights on routes than can be covered by train in under two-and-a-half hours, as the government seeks to lower carbon emissions even as the air travel industry reels […]

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Exclusive: Biden campaign tells miners it supports domestic production of EV metals

2/2 © Reuters. FILE PHOTO: Democratic presidential candidate Joe Biden campaigns in North Carolina 2/2 By Ernest Scheyder (Reuters) – Joe Biden’s campaign has privately told U.S. miners it would support boosting domestic production of metals used to make electric vehicles, solar panels and other products crucial to his climate plan, according to three sources […]

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Canada export agency sees 2021 global rebound, but domestic energy sector to suffer

© Reuters. Cargo ships anchor outside the Port of Vancouver OTTAWA (Reuters) – Canada’s export development agency on Thursday predicted global growth of 6.6% in 2021 after a 4.3% decline this year amid the coronavirus pandemic, but said the domestic energy and tourism sectors would suffer. Export Development Canada (EDC), in a semi-annual forecast, said […]

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Car sales in China Jump Higher Thanks to Stronger Domestic Demand for Commercial Vehicles

Car sales in China in June rose 11.6% year-on-year to 2.3 million units, according to China Automobile Manufacturers Association (CAAM). The indicator is growing for the third month in a row, and the world’s largest car market is moving away from the lows reached during coronavirus lockdown. The growth in sales was largely due to strong […]

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China’s central bank says economy faces risks from global pandemic, efforts against domestic resurgence

© Reuters. FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing SHANGHAI (Reuters) – China’s central bank said on Sunday that the country’s economic growth faces challenges from the global coronavirus pandemic, despite signs of improvement amid business re-openings. The People’s Bank of China (PBOC) said in a statement it would […]

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Air France must slash domestic traffic in exchange for state guarantees -minister

© Reuters. Airplanes at Paris Charles de Gaulle airport in Roissy-en-France PARIS (Reuters) – Air France (PA:) will have to “drastically” reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday. Domestic routes were served by alternatives in the form of high-speed trains, she noted in […]

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The Australian dollar is being rewarded for domestic virus containment

The numbers in Australia are upbeat There was always going to be a time when the market began to reward winners and losers in the coronavirus fight. The countries that limit infections and offer stimulus with minimal waste and turmoil will benefit, and so will their currencies. Earlier today we learned that Australian retail sales […]

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