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Do you know Biden signed an order to implement new vaccine requirements for most foreign air travelers from November 8 and lift strict travel restrictions on China, India and most European countries. More news in the world, Kind check the CFM’s news today.

1. When attending a meeting of the American Chicken Association on October 28 local time, US Trade Representative Dai Qi said that the purpose of her contacts with China is to ease the tense relations between the United States and China, because the current trade relations between the two countries are like “a pile of dry firewood.” at any time, it may “start a fire” because of a misunderstanding, which will have a very serious impact on the two countries. Dai Qi expressed the hope that through efforts, the United States and China can have a “calm dialogue” on the current trade relations.

2.  Russian President Vladimir Putin has asked Gazprom to start planning to increase its natural gas reserves in Europe after completing the delivery of natural gas to Russia’s underground storage facilities. Natural gas prices in Europe have soared sixfold this year and nearly fivefold in just one and a half months this autumn, leading to a threefold increase in electricity prices in parts of Europe.

3. U.S. president Joe Biden unveiled a new framework for a $1.85 trillion social spending and climate change plan proposed by Democrats on Thursday, aimed at winning the support of Democrats in Congress. The plan includes an extension of the expanded child tax credit for one year until 2022, as well as a provision that allows low-income families who do not pay income tax to enjoy the credit permanently. It supports long-term care for the elderly and the disabled for six years of universal preschool education, six years of childcare subsidies and $150 billion. The framework also earmarked US $555 billion for climate-related provisions, of which US $320 billion will be used for utility scale and residential renewable energy, transmission, electric vehicles and clean energy manufacturing for a period of 10 years.

4. American Democrats plan to levy a “billionaire income tax”, Musk, Bezos and other 10 top billionaires may pay huge taxes for this. Of this amount, Musk will pay $50 billion in taxes in the first five years, while Bezos will pay $44 billion. The money is enough to pay for a mission to Mars.

5. McDonald’s: will raise menu prices in US restaurants to keep pace with rapidly rising costs. Wages at McDonald’s American restaurants have risen by at least 10% so far this year. Higher fees are also paid for paper, food and other supplies. Commodity costs are expected to rise 3.5% to 4% this year, up from 2% in early 2021.

6. The World Gold Council: according to the Global Gold demand Trends report, the total global gold demand reached 831 tons in the third quarter, down 7% from the same period last year and 13% from the previous month, mainly due to a small outflow of gold ETF positions.

7. The ECB: keep the main refinancing rate unchanged at 0%, the deposit mechanism rate at-0.5% and the marginal lending rate at 0.25%. Keep the size of the Emergency Anti-epidemic debt purchase Program (PEPP) unchanged at 1.85 trillion euros.

8. The port of Los Angeles in the United States is facing an increasingly serious problem of empty container accumulation, but the Chinese port on the other side of the Pacific Ocean is suffering from a shortage of containers, resulting in continuing difficulties in the supply of logistics in the United States. At present, the US logistics industry lacks a mechanism to encourage shipping companies to ship empty containers back to China, and more and more containers are piled up in the port of Los Angeles. at present, about 2000 empty containers are being shipped to Los Angeles from American ports such as Charleston, Savannah and Houston.

9. Using NASA’s infrared telescope facility in Hawaii, scientists have discovered two metal-rich near-Earth asteroids. The surface of the two planets contains more than 85% of metals, one of which has more iron, nickel and cobalt than those on Earth.

10. Russia’s foreign trade volume this year is likely to hit a seven-year high. In the first nine months of this year, Russia’s foreign trade volume reached 540 billion US dollars, of which exports reached 310 billion US dollars and imports reached 230 billion US dollars. Due to the sharp rise in international energy and raw material prices this year, Russia’s increase in exports of these products has greatly increased trade volume.

11. India plans to lobby companies such as Tesla, Samsung and LG Energy to invest in producing batteries locally, and the country is seeking to build a domestic supply chain for clean transport. Starting next month, India will hold five roadshows in the United States, Germany, France, South Korea and Japan to lobby battery makers to produce locally.

12. White House: Biden signed an order to implement new vaccine requirements for most foreign air travelers from November 8 and lift strict travel restrictions on China, India and most European countries. Under the new rules, foreign passengers are required to provide proof of vaccination and negative test results before boarding, and airlines will be responsible for implementing these measures.

13. French President Macron: announced a total of 30 billion euros of “France 2030″ investment plan, mainly related to semiconductors, biopharmaceuticals, nuclear energy, new energy vehicles, agriculture and other fields, aimed at promoting various industrial sectors to accelerate digital innovation and achieve economic growth. 800 million euros will be spent on the development of the robot industry, half of which will be used to build robots combined with artificial intelligence technology.
 


Post time: Oct-29-2021

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