Economy
The developing world needs trillions of dollars in climate aid, but who should pay for it? China, like some other developing countries, actually pays climate finance, it just does so on its own terms.
Mainland Chinese stocks roared ahead Tuesday as traders returned from a week-long break to resume a blistering rally fuelled by a raft of measures aimed at reigniting the world's number two economy. Investors have been racing back into mainland and Hong Kong stocks since authorities last month began announcing a raft of stimulus measures to reverse a long period of tepid economic growth.
After years of talking up Tesla's prowess on autonomous driving, Elon Musk is set to host Thursday a much-hyped robotaxi event amid a mix of anticipation and skepticism. "We believe widescale Tesla robotaxi deployment is unlikely within the coming years," said a note from UBS last month.
Elon Musk is ramping up his public support of Donald Trump, telling Tucker Carlson in a conversation streamed Monday that he is "all in" on the Republican presidential candidate. "If he loses, it's going to be hard for you to pretend you never supported him," said Carlson.
A US judge on Monday ordered Google to open its Android smartphone operating system to rival app stores, in a fresh legal setback for the tech giant. Phones running on the Android operating system have about a 70 percent share of the world's smartphone market.
CBN governor said the decision to put the Electronic Foreign Exchange Matching System in place stems from its realization that central banking depends on confidence.
The CBN responded to complaints over arbitrary bank charges by advising clients to check the CBN's bank charges handbook to find out legal fee for each transaction.
Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally. Hopes of that long-awaited "bazooka stimulus" have lit up stock markets, sending bourses in mainland China and Hong Kong surging more than 20 percent.
Kazakhstan has approved a plan to build its first nuclear power station in a referendum, overcoming lingering resentment over massive radiation exposure from Soviet-era nuclear tests. The issue of nuclear power is sensitive given that between 1949 and 1989, the Soviet Union carried out around 450 nuclear tests there, exposing 1.5 million people to radiation.
Economy
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