FT News Briefing US to propose big emissions cut by 2030, Huarong tests Beijing’s backing
Apr 22, 2021
The U.S. is gearing up to announce its boldest emissions cuts ever, aiming for a 50% reduction by 2030. Meanwhile, Russia plans to exit the International Space Station by 2025, signaling a shift in space diplomacy. The Turkish opposition is getting creative as they investigate the disappearance of $128 billion in foreign reserves. In China, Huarong Asset Management's corruption issues are causing major headaches for Beijing, raising concerns about the stability of the country's financial sector.
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US Emissions Reduction Plan
- President Biden will announce the US's most ambitious emissions reduction plan.
- This plan aims to cut carbon emissions by up to half by 2030, exceeding Obama's plan.
Russia Leaving ISS
- Russia announced its withdrawal from the International Space Station (ISS) by 2025.
- This ends decades of US-Russia cooperation, possibly signaling a shift towards China.
Turkish Opposition's Creative Criticism
- Turkey's opposition creatively criticized the government's use of $128bn in reserves.
- They used banners, a mock shopping website, and social media to raise awareness.