Desperate factory owners in China are increasingly turning to diesel generators to keep their businesses going during a power crisis that is threatening both the country’s economic growth and its green ambitions.

Power shortages have hobbled industry and left some households without electricity. In an effort to ration fuel, some provinces have ordered factories to shut for a few days each week, with employees told to use the stairs and offices pressured to avoid using air conditioners at low temperatures.

With the winter heating season fast approaching, China has also instructed coal miners to expand production significantly and signalled that

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For Chinese firms that want to be globally aggressive and world class, restrictions on interaction with US companies are problematic. Thus, the doubtless seek for alternative sources of intellectual capital. Companies not based mostly in the United States or China are caught in the middle, and must navigate a challenging path, not wanting to offend both aspect. Finally, Germany was different in that it seems to have vital inflation.

The

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© Reuters.

By Geoffrey Smith

Investing.com — Stocks in focus in premarket trading on Monday, 11th October. Please refresh for updates

  • Southwest Airlines (NYSE:) stock fell 2.6% after a heavily disrupted weekend for flight movements, as bad weather in Florida led to cascading problems of aircraft and personnel availability. The airline canceled over 1,000 flights on Sunday, or more than a quarter of its schedule. 
  • Aspen Tech stock rose 4.2% after Emerson (NYSE:) Electric agreed to spin off its industrial software operations into the company in a deal aimed at creating a more full suite of services to large industrial
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Chinese coal futures rose to record levels as floods shut dozens of mines and displaced more than 100,000 people, throttling the country’s main source of the fuel for electricity and compounding a global energy crisis.

Coal futures traded on the Zhengzhou Commodity Exchange climbed 11.6 per cent to close at an all-time high of Rmb1,408.20 ($218.74) a tonne on Monday. The CSI Coal index of big miners listed in Shanghai and Shenzhen rose 3.7 per cent, partly reversing losses from last week, when official orders to boost coal production sent prices tumbling.

Flooding in the central province of Shanxi

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The international banking trade had already been present process main adjustments when the pandemic struck. In the earlier decade, branch footprints shrunk by about 20 p.c within the United States and by 60 {a00992e75bc495ea7e9745b098f3f138b8cf6d67249c60a4da776aa7f16eb553} in Nordic countries. McKinsey’s pre-COVID-19 research means that the number of people in nearly all bank-branch roles will decline over the following decade. The global pandemic accelerated … Read More

The son of an Indian minister has been arrested on suspected murder charges a week after his car rammed into a group of demonstrating farmers, killing at least four in an incident that has galvanised the country’s rural protest movement.

Ashish Mishra, the 40-year-old son of junior home minister Ajay Kumar Mishra, was taken into custody by Uttar Pradesh police, who alleged he had been evasive and uncooperative this weekend while being interrogated about his whereabouts during the violence on October 3.

His arrest comes after farmers and opposition parties accused the ruling Bharatiya Janata party of a lax initial

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