USA News Live: Biden, China’s Xi expected to meet virtually on Monday, said sources – Times of India

US oil refiners bet the farm Biden will back them on biofuels

US merchant oil refiners like Monroe Energy and PBF Energy Inc are playing chicken with the White House, taking moves in the biofuels credit market that could force them to close plants and fire union workers unless the Biden administration bails them out by changing the rules on blending biofuels in gasoline.

‘Biden, China’s Xi expected to meet virtually on Monday’

CBI seeks help from US in tracking two persons accused of making derogatory remarks against judge

Central Bureau of Investigation (CBI) has approached Interpol in order to arrest two accused believed to be staying in the United States in connection with a case related to alleged derogatory social media posts against judges of the High Court of Andhra Pradesh.

US urges citizens to leave Haiti amid deepening turmoil

The US government is urging US citizens to leave Haiti because of the country’s deepening insecurity and a severe lack of fuel that has affected hospitals, schools and banks. Gas stations remained closed on Thursday.

China’s Xi is expected to invite Biden to Beijing Winter Olympics

Chinese President Xi Jinping is likely to invite his U.S. counterpart, Joe Biden, to attend the Beijing Winter Olympics in February next year, CNBC reported https://cnb.cx/3HcexCI on Thursday, citing two people familiar with the matter.

Dollar climbs after hot US inflation; euro dips

The dollar rose to almost 16-month highs against the euro and other currencies on Thursday, after the hottest US inflation reading in 30 years encouraged bets on interest rate hikes.

US climate envoy John Kerry and his Chinese counterpart Xie Zhenhua announced the framework agreement at the UN climate conference in Scotland. Both billed it as way to tip the summit toward success

California Resources Corp: Profits of $1.83 announced for third quarter

US-China climate deal lifts hopes as UN talks turn to dollars and cents

A surprise deal between China and the United States, the world’s two biggest greenhouse gas emitters, has boosted the COP26 UN climate summit as it enters two final days of tough bargaining to try to stop global warming becoming catastrophic. Read full story

A potential request from Xi for Biden to attend the 2022 Winter Olympics in Beijing could put the US president in an uncomfortable spot as he presses China on human rights

The White House declined to comment

Washington and Beijing have been sparring on issues from the origins of the Covid-19 pandemic to China’s expanding nuclear arsenal, and US officials believe direct engagement with Xi is the best way to prevent the relationship between the world’s two biggest economies from spiraling toward conflict

US President Joe Biden and Chinese leader Xi Jinping were expected to hold a virtual summit on Monday, sources told news agency Reuters on Thursday, amid tensions over trade, human rights and military activities.

Biden, China’s Xi expected to meet virtually on Monday: sources

US President Joe Biden and Chinese leader Xi Jinping were expected to hold a virtual summit on Monday, sources told Reuters on Thursday, amid tensions over trade, human rights and military activities. Washington and Beijing have been sparring on issues from the origins of the Covid-19 pandemic to China’s expanding nuclear arsenal, and US officials believe direct engagement with Xi is the best way to prevent the relationship between the world’s two biggest economies from spiraling toward conflict.

Democrats sell infrastructure bill, push for Biden backup

Traffic whizzing behind her, Rep. Sharice Davids gathered reporters at a transportation facility along US 69 in eastern Kansas this week to celebrate the surge of federal money headed in her state’s direction. Read full story

Stocks open higher on Wall Street, led by gains in Big Tech

Stocks are opening mostly higher on Wall Street Thursday a day after a surge in inflation knocked the market lower. Big tech companies had some of the strongest gains in the early going. The S&P 500 was up 0.2% and the tech-heavy Nasdaq rose 0.7%. The Dow Jones Industrial Average sank 0.2%, entirely due to a steep drop in Disney. The entertainment conglomerate sank 8% after reporting a slowdown in subscriber gains at its streaming channel. Beyond Meat dropped 15.6% after reporting a much wider loss than analysts were expecting. Bond trading was closed for Veterans Day.

US warns Saudi Arabia that its tax regime may drive firms away

Biden bill includes boost for union-made electric vehicles

President Joe Biden and Democrats in Congress are looking to give US automakers with union employees the inside track on the burgeoning electric vehicle market, triggering vocal opposition from foreign trade partners and Republicans who worry that manufacturers in their home states will be placed at a competitive disadvantage. Read full story

Neither accepted illegal Chinese occupation, nor accepted unjustified claims: India on Pentagon report

ndia on Thursday said that it has never accepted illegal construction activities undertaken by China along the border areas and added that New Delhi has stepped up the creation of border infrastructure, including roads and bridges. External Affairs Ministry Spokesperson Arindam Bagchi made these remarks during a press briefing, in response to a question on the Pentagon report that mentioned a village was built illegally in Arunachal Pradesh.

Pakistan hosts US, Russia, China for talks on Afghanistan

Pakistan on Thursday hosted talks with special envoys from the United States, Russia and China on the path forward for Afghanistan, where a deepening humanitarian crisis has forced many Afghans to migrate to neighboring countries since the Taliban takeover in August. Read full story