Tag: briefing

China business briefing: Mooove over, Australia

Economic historians are going to look back at the era of coronavirus and see more of a rollercoaster than a nosedive.

While Kazakhstan’s economy suffers with the rest of the world’s, the country’s exports to China grew significantly in August, according to the latest data from Beijing. Compared to last August, Kazakh shippers sent off more chemicals (up threefold to $151 million), tobacco (almost 15 times more to $2 million), cotton (doubled to $1.8 million) and a bumper crop of diverse victuals worth $24 million. Overall, Chinese-bound exports grew 20 percent year-over-year to $881 million.

Surely these historians will also examine today’s shifting trade alignments. Kazakhstan’s food producers look primed to benefit from China’s increasingly tense relationship with some of its traditional trading partners.

The Customs Administration of Xinjiang, the Chinese region across the border, and Kazakhstan’s Agriculture Ministry met on September 8 to discuss opening quality-control labs at border

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The daily business briefing: October 1, 2020

a small airplane sitting on the tarmac of an airport runway: American Airlines planes

© Scott Olson/Getty Images
American Airlines planes


President Trump early Thursday signed a bill keeping the government funded through Dec. 11, avoiding a partial government shutdown. The bill became law after a midnight deadline, but no government operations were expected to be disrupted. The bipartisan bill was quickly approved by the Senate after receiving White House approval last week. House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin failed to reach a compromise on another key spending bill — the new coronavirus relief package. Pelosi and Mnuchin met Wednesday and plan to continue discussions. House Democrats postponed a Wednesday vote on their $2.2 trillion proposal to allow more time for negotiations. Republicans want to spend less but vulnerable lawmakers from both parties are pushing for a deal before Election Day. [CNBC, CNN]


American and United airlines on Thursday will move forward with plans

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Business School Briefing: top management masters

FT Masters in Management 2020 ranking

Find out the FT’s best business schools and the full list of the leading 90. Read about why students are studying for a Masters in Management, how to make the best of online learning and why courses must adapt to social concerns in our report at ft.com/mim.

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“There is a marked gender pay gap in all of the top six sectors for Masters in Management alumni,” say Leo Cremonezi and Sam Stephens. Take a look at MiM graduates’ progress — in charts.

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FT NextGen is back and is offering FREE passes for students. This year, join us virtually for more exciting speakers, tackling issues the next generation is facing in the post-corona world. From how to invest in property to dating during coronavirus, join us to hear from the FT’s brightest young editors and experience NextGen from the comfort

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Salem Mayor To Hold Briefing With City Business Owners

SALEM, MA — As businesses across Salem hope that a busy Halloween month will help offset losses from spring coronavirus closures, the city will hold a briefing next week to update business owners on the state of the city in its battle to keep test rates low.

The meeting will take place Wednesday at 8:30 a.m. — the morning after the Board of Health decides whether to adopt the eased restaurant restrictions Gov. Charlie Baker announced this week. The new guidelines would increase the number of people allowed at a table from six to 10, and allow bar seating for those who order food.

Salem is postponing the easing of restrictions, which are set to go into effect for most of the state on Monday, until the Board of Health can take up the matter at a special meeting Tuesday night.

“Restaurant operators should anticipate that the limitation on people

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The daily business briefing: September 25, 2020

A vial in a lab

A vial in a lab


Novavax announced Thursday that it would start final-stage testing of its coronavirus vaccine candidate in the United Kingdom, with another big trial launching in the United States in October. The U.K. phase-three trial will enroll up to 10,000 people, half getting two doses of the vaccine 21 days apart, and the others receiving a placebo. Novavax is several months behind leading contenders in the race to approve a coronavirus vaccine, but its candidate proved particularly promising in early trials. It is the fifth late-stage trial by a company supported by the U.S. government’s Operation Warp Speed vaccine push, and the 11th worldwide. Novavax has never brought a vaccine to market but sealed a $1.6 billion deal with the federal government in July to develop its vaccine. [The New York Times]


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The Labor Department

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Markets Decline as Pandemic’s Grip Tightens: Live Business Briefing

Mnuchin and Pelosi inch toward resuming stimulus talks as economy continues to struggle.

Top Democrats on Thursday were crafting a $2.4 trillion package — about $1 trillion less than the measure the House approved in May — that could either serve as a new basis for the Democratic position in negotiations or be voted on as a stand-alone package in the coming days, according to a senior Democratic aide.

A rise in new claims for state jobless benefits signals continuing layoffs.

About 825,000 Americans filed for state unemployment benefits last week. That is up from 796,000 a week earlier, though it is far below the more than six million people a week who were filing for benefits during the peak period of layoffs in the spring. By any measure, however, hundreds of thousands of Americans are losing their jobs each week, and millions more laid off earlier

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The daily business briefing: September 17, 2020

a man standing in front of a table: Trump speaks to the press

© Alex Wong/Getty Images
Trump speaks to the press


President Trump on Wednesday urged Republicans to support a larger coronavirus relief package as White House negotiators seek a deal with Democrats. “Go for the higher numbers,” Trump tweeted to his fellow Republicans. The GOP-controlled Senate last week tried and failed to pass a $600 billion “skinny” stimulus bill. White House Chief of Staff Mark Meadows, one of the two leading White House negotiators, said he was increasingly optimistic a deal would be possible. A day earlier, the bipartisan House Problem Solvers Caucus released a proposal for about $1.5 trillion in aid to businesses, families, health workers, and others. Leading Democrats rejected the proposal and called for at least $2.2 trillion in spending. [The Wall Street Journal, ABC News]


Shares of cloud software firm Snowflake more than doubled Wednesday on the stock’s opening day, marking

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The daily business briefing: September 15, 2020

a person standing on a baseball field: The Mets logo

© Bruce Bennett/Getty Images
The Mets logo


The Trump administration on Monday banned imports of cotton apparel, computer parts, and other products from companies and suppliers suspected of using forced and imprisoned laborers in China’s Xinjiang region. “The scourge of forced labor practices used in China is an unconscionable assault on innocent people and a threat to American producers,” said Mark Morgan, acting commissioner of U.S. Customs and Border Protection. Under the orders, stemming from two years of investigation, U.S. Customs and Border Protection officials put holds on shipments from four commercial entities, a training center, and an industrial park. U.S. officials have condemned China in recent years for abuses against the region’s mostly Muslim Uighur minority population. A representative of China’s embassy repeated the Chinese government’s past assertions that companies in the region follow international labor laws. [The Wall Street Journal]


Billionaire hedge fund

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The daily business briefing: September 9, 2020

a close up of a sign: The Tesla logo

© Win McNamee/Getty Images
The Tesla logo


AstraZeneca announced Tuesday that it suspended a late-stage trial of its potential coronavirus vaccine to review safety data after a participant in the United Kingdom experienced a suspected serious adverse reaction. The patient is expected to recover. A company spokesperson said the temporary halt was “a routine action which has to happen whenever there is a potentially unexplained illness in one of the trials.” The pharmaceutical company said in a statement that during large trials, “illnesses will happen by chance but must be independently reviewed to check this carefully” while trying to “minimize any potential impact on the trial timelines.” AstraZeneca is testing the vaccine, developed by the University of Oxford, in the U.K., the United States, Brazil, and South Africa. It is considered a leading vaccine candidate, and is one of three now in Phase 3 trials in the U.S. [

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China business briefing: Whose Belt and Road is it anyway?

Darvoz, in Tajikistan, is a province of dusky canyons and snowy peaks, villages perched across the river from Afghanistan. Terraces turn brilliant shades of green in summer with water channeled from above. Far from Dushanbe in hours and attitudes, Darvoz is crossed by roads of varying quality where trucks rumble through to and from China.

Readers of official Chinese news now know Darvoz as an economic miracle that, thanks to Chinese technology and Beijing’s Belt and Road Initiative, promises Tajikistan a prosperous future.

Or so says a long-time Tajik envoy to Beijing given a platform in the Communist Party of China’s mouthpiece.

Rashid Alimov’s effervescent August 21 op-ed in People’s Daily describes a vision of the future – a future that the Belt and Road has brought to Tajikistan: the Darvoz Industrial and Innovative Technological Park.

Darvoz, the former Tajik foreign minister writes, is a key node on the “China-Tajikistan

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