US to propose big emissions cut by 2030, Huarong tests Beijing’s backing
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 22 April 2021
⏱️ 9 minutes
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Summary
US President Joe Biden is set to announce his country’s steepest ever emissions cuts, Russia plans to pull out of the International Space Station by 2025, and Turkey’s opposition is asking where US$128bn in foreign exchange reserves has gone. Plus, the FT’s Shanghai correspondent, Tom Hale, explains why the corruption at Huarong Asset Management is creating headaches for Beijing.
US to propose emissions cut of up to 50% by end of decade
https://www.ft.com/content/32f5e2cd-4689-4434-9da0-d97d46673eaf?
Huarong debacle tests Beijing’s resolve to bail out state groups
https://www.ft.com/content/2aabfd64-6527-442f-b6fb-36c3804dcfc7
Russia to pull out of International Space Station in 2025
https://www.ft.com/content/a1518565-e643-42ae-a650-02e9c3bdd657
Turks chase missing billions in foreign exchange reserves
https://www.ft.com/content/dee218ba-c102-4a2f-8042-e8c8601991cd?
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Thursday, paper 22nd. This is your FT news briefing. |
| 0:08.8 | US President Joe Biden is going to announce his country's most ambitious plan to reduce greenhouse |
| 0:13.9 | gas emissions. Russia plans to leave the International Space Station and Turkey's opposition |
| 0:19.1 | party is on the hunt for billions of dollars in missing foreign exchange reserves. Plus a big Chinese |
| 0:25.1 | asset manager called Huarong is making its international investors very nervous. |
| 0:30.2 | This is a company that's been caught up in a corruption scandal and the bond market has |
| 0:34.8 | kind of said we can't be exactly sure that the government's going to stand behind this. |
| 0:39.0 | The FT's Tom Hale looks at what this means for other big Chinese companies that issue debt |
| 0:43.8 | and offshore markets. I'm Mark Filipino and here's the news you need to start your day. |
| 0:48.8 | Today US President Joe Biden will host 40 world leaders for a virtual climate change summit. |
| 0:57.2 | It's Earth Day, by the way. Biden set to announce plans to slash America's carbon emissions by |
| 1:02.5 | up to half by the end of the decade. It would be the country's largest ever greenhouse gas |
| 1:07.0 | reduction and even more ambitious plan than Barack Obama's. The US is currently the second largest |
| 1:12.0 | carbon emitter on Earth after China. The announcement will come just days after the US and China |
| 1:16.6 | pledged to work together on the global climate crisis. Biden also unveiled other climate policies |
| 1:22.0 | recently, including a plan to integrate climate risk into the financial system. |
| 1:30.9 | There's going to be a breakup in Earth's orbit. Russia said yesterday it's going to leave |
| 1:35.6 | the International Space Station in a couple of years 2025. Russia and the US launched the ISS |
| 1:41.6 | together in 1998. So this move will end decades of cooperation between Moscow and Washington. |
| 1:47.5 | Here's the FT's Moscow bureau chief Henry Foy. Russia now thinks it can do space if you like by |
| 1:53.3 | itself or actually with China. And this comes after a few years where Russia and America have been |
| 1:59.4 | clashing in space quite a lot, accusing each other militarizing space. Indeed America accused |
... |
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