Car rental company Hertz Global Holdings Inc. and energy company BP PLC announced that they have signed an agreement to develop and manage a network of electric vehicle charging stations across North America.
BP Pulse, which is BP’s electric vehicle charging business, would power and manage Hertz’s charging infrastructure under the memorandum of understanding, the companies said. The charging infrastructure will be open to taxi and ride-sharing drivers, as well as the general public, the companies said.
US and Europe prepare new sanctions against Russia after Kremlin nuclear threats
The United States and the European Union are set to adopt new sanctions against Russia, although some EU members are questioning existing restrictions and the economic pain in Europe is worsening.
The European Commission, the EU’s executive arm, is expected to propose new import and export controls from Russia as early as Wednesday, officials involved in the talks say, including a ban on imports of certain diamonds Russians. He will also offer to place other Russian officials and pro-Kremlin separatists on his sanctions list in the coming days, as part of a modest new package of measures aimed at increasing pressure on the Kremlin.
Russia prepares to annex parts of Ukraine as stage votes end
MYKOLAIV, Ukraine-Russia is on the verge of formally annexing occupied territories in Ukraine after holding referendums involving coercion, threats and, in some places, soldiers knocking on doors and forcing people to vote under the threat of a weapon.
Kyiv and Western governments have described the votes as a sham intended to lend a veneer of legitimacy to Moscow’s seizure of Ukrainian lands seven months after its invasion. They could also allow Moscow to claim that any effort by Ukrainian forces to retake territories in the south and east of the country amounts to an attack on Russia itself.
Iran targets famous protest supporters as movement spreads
As protests in Iran against women’s rights grow, the Islamic establishment is now trying to suppress the voices of the most visible supporters of a hitherto leaderless movement: celebrities.
Many prominent Iranian actors, directors, artists, poets and sports professionals have publicly supported those protesting against the Islamic Republic’s morality laws, following the death of 22-year-old Mahsa Amini in police custody for having allegedly violated the country’s strict dress code.
WORLD NEWS
The yield on the 10-year Treasury reaches 4%
The yield on 10-year U.S. government bonds hit 4% for the first time in more than a decade on Wednesday, the latest leg of a historically steep rise that has rattled financial markets this year.
Yields, which rise when bond prices fall, have climbed at their fastest pace in four decades on rising expectations about how high the Federal Reserve will raise short-term interest rates to mitigate the worst inflation since the 1980s.
China’s offshore currency hits record high against dollar
China’s currency hit its lowest-ever offshore trading level against the US dollar, with the yuan falling below 7.2 to the dollar for the first time since the launch of a separate currency exchange. the currency outside mainland China more than a decade ago.
The move caps a roughly 12% drop in the offshore yuan against the dollar this year and comes despite repeated attempts by China’s central bank to support its currency. The US dollar appreciated against currencies around the world amid a campaign of aggressive interest rate hikes by the Federal Reserve.
Senate proposes interim funding bill after Joe Manchin permit overhaul scraps
WASHINGTON-Sen. Joe Manchin (D., W.Va.) on Tuesday threw in the towel by including his controversial proposal to fast-track energy project approvals in a must-have funding bill, paving the way for the Senate to push legislation forward necessary to keep government open.
With the authorization language removed, the Senate voted 72 to 23 to advance the interim bill, which would extend current government funding levels through Dec. 16 and prevent a partial shutdown this weekend. , at the end of the financial year. The bill is now moving to final passage in the Senate and will also need to be approved in the House, which returns on Wednesday, before heading to President Biden’s office.
Kashkari says the Fed must keep tightening until there is strong evidence of lower inflation
Minneapolis Federal Reserve Chairman Neel Kashkari said the U.S. central bank should tighten monetary policy until core inflation subsides, then wait to see if it has done enough.
“The one mistake that I am fully aware of – which I want to avoid repeating from the 1970s – is when policy makers saw the economy weaken, saw inflation start to slow, and then they cut rate, thinking they’d done the job. And then inflation shot up again – that’s, I believe, a mistake we can’t make and won’t make,” Kashkari said on Tuesday. at an online event hosted by the Wall Street Journal.
Interim funding bill includes $12.3 billion in new aid to Ukraine
WASHINGTON — Senate Democrats have included an additional $12.3 billion in economic and military aid to Ukraine in a must-have government funding bill, a proposal that would raise U.S. spending on Kyiv’s efforts to fend off the Russian invasion to over $65 billion this year.
Congress has until Friday, the end of the fiscal year, to pass the bill and maintain government funding until Dec. 16.
Chinese Xi Jinping reappears in public after quarantine
BEIJING — Chinese leader Xi Jinping has emerged from quarantine and made his first public appearance since visiting Central Asia, trumpeting his record of governance over the past decade as he prepares to extend his rule for a third mandate.
Until Tuesday, Xi had not appeared in public since his trip earlier this month to Central Asia, where he met Russian President Vladimir Putin, as he was following quarantine protocols China imposes on people returning. foreign travel, according to people familiar with the matter.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswire
September 28, 2022 05:30 ET (09:30 GMT)
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