The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- The United States and the European Union promised to reduce methane emissions by 30 percent by 2030 and invited other countries to join; in the United States, the oil and gas industry accounts for 30 percent of methane emissions.
- Retail sales in the United States increased 0.7 percent in August, compared to an expected loss of 0.8 percent, demonstrating that customers are continuing to spend on products and services despite new Covid-related limitations.
- Evergrande, China's second largest real estate developer, is on the verge of defaulting on some of its USD$305 billion in debt; the Chinese government is anticipated to step in.
- According to the UN, the global economy will grow at a historically high rate of 5.3 percent in 2021 before slowing to a more moderate rate of 3.6 percent in 2022.
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