WASHINGTON – The U.S. House of Representatives approved a massive $1.5 trillion infrastructure package on Wednesday by a 233 to 188 vote to boost spending on roads, bridges, public transit and rail but the White House and Senate Republicans both said they oppose the measure. Representative Peter DeFazio, the Democrat who chairs the Transportation and Infrastructure Committee, said the measure “deals with the incredibly deteriorated infrastructure in this country” and addresses the threat of climate…"U.S. House approves $1.5 trillion infrastructure bill but outlook uncertain"
WASHINGTON – The White House said Monday it opposes a $1.5 trillion proposal from congressional Democrats to boost U.S. infrastructure over the next decade, criticizing how it would pay for new spending. The Democratic-controlled House of Representatives is set to begin on Tuesday debating the measure, which includes a massive boost in spending on roads, bridges, public transit, rail, ports and airports as well as water systems, schools and broadband internet. A final vote is…"White House opposes $1.5 trillion House infrastructure measure"
NEW DELHI – India plans to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere, two government officials said, as part of an effort to protect domestic businesses. The plan has been under review since at least April, according to a government document seen by , and is in line with Prime Minister Narendra Modi’s recently announced self-reliance campaign to promote local products. The new duty structures are…"Exclusive: India plans extra tariffs, trade barriers on 300 imported products – sources"
– A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution. The $494 billion five-year surface transportation bill wouldprovide $319 billion to fix 47,000 structurally deficientbridges and make other repairs, $105 billion for mass transit, build electric vehicle charging stations and invest nearly $30 billion in passenger railroad Amtrak and rail infrastructure. With a presidential election…"House panel debating $494 billion infrastructure measure"
TOKYO – Mitsubishi Heavy Industries said it had agreed to begin talks with Mitsui E&S Holdings to acquire its shipbuilding business. A deal to acquire Mitsui E&S’s shipbuilding unit could help Mitsubishi Heavy, Japan’s biggest defence company, better compete for naval contracts. It could also mark a tentative step towards consolidation among Japan’s numerous military equipment makers. “Mitsui E&S has strengths in shipbuilding and repair for the Ministry of Defense including supply vessels and observation…"Mitsubishi Heavy says in talks to acquire Mitsui E&S ship business"
– Mayor Bill de Blasio on Friday said New York is on track to reopen on Monday from the coronavirus lockdown that turned the most populous U.S. city into a virtual ghost town, restarting work at 32,000 shuttered construction sites. Both the mayor and New York Governor Andrew Cuomo dug in after critics urged an end to an 8 p.m.-to-5 a.m. curfew set to last until Monday morning following looting and other violence amid city…"New York officials defend curfew, subway safety ahead of Monday reopening"
ISLAMABAD – Pakistan’s Prime Minister Imran Khan on Monday cited economic losses to justify his government’s decision to lift a coronavirus lockdown despite rising infections and deaths, urging people to “live with the virus.” Pakistan has rolled back almost all shutdown measures, primarily to avert an economic meltdown. The country would open to tourism but cinemas, theatres and schools remain closed. The South Asian nation of 220 million has reported 72,160 novel coronavirus cases and…"Pakistan prime minister defends lifting lockdown, urges nation to ‘live with the virus’"
– Here’s what you need to know about the coronavirus right now: Losing strength? The new coronavirus is losing its potency and has become much less lethal, Alberto Zangrillo, the head of the San Raffaele Hospital in Milan in the Lombardy region, which has borne the brunt of Italy’s coronavirus contagion, said on Sunday. A second doctor echoed Zangrillo’s observations. “The strength the virus had two months ago is not the same strength it has…"What you need to know about the coronavirus right now"
SHANGHAI – China fell short of its energy efficiency goals in 2019, cutting the energy consumed per unit of gross domestic product by 2.6%, lower than its target of 3%, the country’s state planning agency said on Friday in a report to parliament. The National Development and Reform Commission (NDRC) attributed the failure to “the rapid growth of steel, building materials, non-ferrous metals, chemicals, and the service sector”. China aims to cut energy intensity by…"China misses 2019 energy efficiency target: state planner"
ISLAMABAD – Pakistan’s Supreme Court ordered the government on Monday to lift some of the remaining restrictions imposed on business to halt the spread of the coronavirus, even as the country recorded a rise in infections since beginning to emerge from lockdown. In its decision, which is binding, the court said the virus “apparently is not a pandemic in Pakistan” and questioned why fighting it was “swallowing so much money”. The court ordered shopping malls…"Coronavirus ‘not a pandemic in Pakistan’ says top court, ordering curbs lifted"