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Kimberly Redmond | Equities.com |

California will soon ban the sale of new, gas-powered lawn equipment, the state’s latest move to curb emissions.

Under the law signed by Democratic Gov. Gavin Newsom on Saturday, the California Air Resources Board (CARB) was directed to phase out the sale of small off-road engines by 2024 or as soon as feasible, whichever comes later.


AP News | Equities.com |

Calls grew Monday for an end to the financial secrecy and shell companies that have allowed many of the world’s richest and most powerful people to hide their wealth from tax collectors.

The outcry came after a report revealed the way that world leaders, billionaires and others have used offshore accounts to keep trillions of dollars out of government treasuries over the past quarter-century, limiting the resources that could be put to work helping the poor or combating climate change.


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President Joe Biden on Friday is set to host the first in-person gathering of leaders of an Indo-Pacific alliance known as “the Quad” as he wraps up a difficult week of diplomacy after facing no shortage of criticism from allies and adversaries.

The White House meeting with leaders from India, Japan and Australia gives Biden a chance to put the spotlight on a chief foreign policy goal: greater attention to the Pacific in light of what the United States sees as China’s coercive economic practices and unsettling military maneuvering in the region.


Reuters | Equities.com |

As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent checks on their exposure to the troubled sector.

Carrying $305 billion in liabilities, China's second biggest property developer inched closer to a potential default on Friday by missing the deadline on an interest payment.


Reuters | Equities.com |

The U.S. House of Representatives Select Committee investigating the deadly Jan. 6 riot at the Capitol has subpoenaed four former members of Donald Trump's administration, including Mark Meadows and Steve Bannon, the panel's chairman said on Thursday.

Former White House Deputy Chief of Staff Dan Scavino and former Defense Department official Kash Patel were also subpoenaed and instructed to produce materials and appear for depositions, committee Chairman Bennie Thompson said in a statement.


Kimberly Redmond | Equities.com |

Athletes vying to represent the US at the 2022 Winter Olympics in Beijing must be vaccinated against COVID-19, the US Olympic and Paralympic Committee (USOPC) said Wednesday.

Under the newly-announced rules, starting Nov. 1, the USOPC will require staff, athletes and others utilizing training centers and other USOPC facilities to be vaccinated.


Kimberly Redmond | Equities.com |

Breakthrough Energy, a non-profit launched by Microsoft Corporation’s co-founder and billionaire philanthropist Bill Gates in 2016, raised hundreds of millions from seven large US companies to further the organization’s mission of reaching a net-zero society by 2050. https://www.breakthroughenergy.org/catalyst-announcement 
On Monday, Breakthrough Energy announced that it has secured investments from Microsoft Corporation, BlackRock Inc, American Airlines Inc, Bank...


AP News | Equities.com |

President Joe Biden’s decision to form a strategic Indo-Pacific alliance with Australia and Britain to counter China is angering France and the European Union. They’re feeling left out and seeing it as a return to the Trump era.

The security initiative, unveiled this week, appears to have brought Biden’s summer of love with Europe to an abrupt end. AUKUS, which notably excludes France and the European Union, is just the latest in a series of steps, from Afghanistan to east Asia, that have taken Europe aback.


Reuters | Equities.com |

California Governor Gavin Newsom has signed legislation aimed at combating the state's housing crisis by expanding housing production and aiming to streamline housing approvals.

Newsom's office said on Thursday California will put $1.75 billion into what his administration is calling a new California Housing Accelerator, which he claimed will accelerate building 6,500 affordable multi-family units that were stalled for lack of tax-exempt bonds and low-income housing tax credits.


AP News | Equities.com |

In another ominous sign about the spread of the delta variant, Idaho public health leaders on Thursday expanded health care rationing statewide and individual hospital systems in Alaska and Montana have enacted similar crisis standards amid a spike in the number of unvaccinated COVID-19 patients requiring hospitalization.

The decisions marked an escalation of the pandemic in several Western states struggling to convince skeptical people to get vaccinated.