KYIV—Ukraine is planning compulsory COVID-19 vaccinations for some jobs, including teachers and employees of state institutions, and local governments, Health Minister Oleh Lyashko said on Wednesday. The new requirements would be introduced after a final decision by the ministry in coming days. “We propose to start the introduction of mandatory preventive vaccinations against acute respiratory…
With Gucci Bags and Dyson Appliances, Evergrande Wooed Retail Investors
SHANGHAI—Lured by the promise of yields approaching 12 percent, gifts such as Dyson air purifiers and Gucci bags, and the guarantee of China’s top-selling developer, tens of thousands of investors bought wealth management products through China Evergrande Group. Now, many fear they may never get their investments back after the cash-strapped property developer recently stopped…
Sens. Grassley, Ossoff Introduce Bill to Fight Opioid Epidemic in Rural Areas
A bipartisan bill introduced in the Senate is aimed at fighting the opioid epidemic in rural areas of the United States. Sens. Jon Ossoff (D-Ga.) and Chuck Grassley (R-Iowa) have teamed to introduce the proposal (pdf), which is called the Rural Opioid Abuse Prevention Act. Among the provisions are codifying a Department of Justice program that…
New Bill From Sens. Grassley, Ossoff Aims to Combat Opioid Epidemic in Rural Areas
A new bipartisan bill introduced in the Senate is aimed at fighting the opioid epidemic in rural areas of the United States. Sens. Jon Ossoff (D-Ga.) and Chuck Grassley (R-Iowa) teamed to introduce the bill (pdf), which is called the Rural Opioid Abuse Prevention Act. Among the provisions are codifying a Department of Justice program that…
Evergrande Domestic Debt Deal Calms Immediate Contagion Concern
SINGAPORE/SHANGHAI—China Evergrande agreed to settle interest payments on a domestic bond on Wednesday, while the Chinese central bank injected cash into the banking system, temporarily soothing fears of imminent contagion from the debt-laden property developer. Evergrande, Asia’s biggest junk-bond issuer, is so entangled with China’s broader economy that its fate has kept global stock and…
Last Person Seen With Kristin Smart in 1996 Heading to Trial
SAN LUIS OBISPO, Calif.—The last person seen with Kristin Smart before she vanished from a college campus 25 years ago on the Central California coast will stand trial on a murder charge in her suspected death and his father faces trial as an accomplice for allegedly helping bury her body, a judge ruled Wednesday. San…
12th Inmate Dies as New York City’s Jail Crisis Intensifies
NEW YORK—An inmate on a New York City jail barge died Wednesday after a medical emergency, the city’s Department of Correction said. It is at least the 12th death of a city inmate this year and the second this week amid what some elected officials and advocates have deemed a “humanitarian crisis” in the city’s…
Fitch Cuts China 2021 GDP Forecast to +8.1 Percent Vs +8.4 Percent on Property Slowdown
September 23, 2021
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Business & EconomyChinaChina Business & EconomyEconomiesFitchforecastGDPLocal NewsNew YorkpropertyRegional-Local NewsslowdownUS
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BEIJING—Fitch Ratings said on Sept. 16 that it had cut its 2021 economic growth forecast for China to 8.1 percent from 8.4 percent, citing the impact of the slowdown in the country’s property sector on domestic demand.
Facebook Chief Technology Officer Makes ‘Difficult Decision’ to Step Down in 2022
September 23, 2021
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Facebook Chief Technology Officer Mike Schroepfer has made the “difficult decision” to step down from his role, he announced Wednesday. Schroepfer, who has worked for the social network for 13 years and oversees its work in artificial intelligence (AI), virtual reality, and the blockchain, said he will transition to a new part time role as Facebook’s first senior…
HSBC CEO Sees Market Impact From Evergrande Debt Woes
September 23, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesdebtEconomiesevergrandeHK BusinessHong KongHSBCimpactmarketMarketsUKWorld
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HSBC Holdings PLC expects the debt problems involving embattled property developer China Evergrande Group to have an impact on capital markets but does not see any direct impact on the bank, its group CEO said. “I’d be naive to think that the turmoil in the market doesn’t have the potential to have second-order and third-order…
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