Google Maps tracks everywhere you go. Here’s how to automatically delete what it stores

If you don’t configure Google Maps properly, it will automatically keep a detailed log of everywhere you go, whether you’re walking, driving or even flying anywhere in the world. It’s wildly detailed down to the minute, and can show where you were at any moment in time. You might want to look back and see where you went during a past trip, for example. Or you might want Google to know how long it typically takes to drive somewhere you go often. Here’s a sliver of the places I went during June, f


If you don’t configure Google Maps properly, it will automatically keep a detailed log of everywhere you go, whether you’re walking, driving or even flying anywhere in the world.
It’s wildly detailed down to the minute, and can show where you were at any moment in time.
You might want to look back and see where you went during a past trip, for example.
Or you might want Google to know how long it typically takes to drive somewhere you go often.
Here’s a sliver of the places I went during June, f
Google Maps tracks everywhere you go. Here’s how to automatically delete what it stores Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: todd haselton
Keywords: news, cnbc, companies, maps, went, detailed, heres, typically, delete, google, example, walking, youre, world, automatically, wildly, stores, tracks


Google Maps tracks everywhere you go. Here's how to automatically delete what it stores

If you don’t configure Google Maps properly, it will automatically keep a detailed log of everywhere you go, whether you’re walking, driving or even flying anywhere in the world. It’s wildly detailed down to the minute, and can show where you were at any moment in time. I’ll show you how to automatically delete it.

That information can be helpful for you. You might want to look back and see where you went during a past trip, for example. Or you might want Google to know how long it typically takes to drive somewhere you go often. Still, it’s kind of creepy to have years and years of that data stored on Google’s servers.

Here’s a sliver of the places I went during June, for example:


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: todd haselton
Keywords: news, cnbc, companies, maps, went, detailed, heres, typically, delete, google, example, walking, youre, world, automatically, wildly, stores, tracks


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Trump calls for World Bank to stop lending money to China

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections. The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. “Why is the World Bank loaning money to China? “World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders


U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.
The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025.
“Why is the World Bank loaning money to China?
“World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders
Trump calls for World Bank to stop lending money to China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07
Keywords: news, cnbc, companies, china, billion, calls, trump, president, plan, world, bank, money, lending, stop


Trump calls for World Bank to stop lending money to China

US president Donald Trump is seen during his press conference at the 2018 NATO Summit in Brussels, Belgium on July 12, 2018.

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.

The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. The plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.

“Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” Trump wrote in a post on Twitter.

“World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders including the United States,” the World Bank said in an emailed statement to Reuters.

“We eliminate lending as countries get richer.”

Spokespeople for the White House declined to comment on the record.

The World Bank loaned China $1.3 billion in the fiscal 2019 year, which ended on June 30, a decrease from around $2.4 billion in fiscal 2017.

But the fall in the World Bank’s loans to China is not swift enough for the Trump administration, which has argued that Beijing is too wealthy for international aid.


Company: cnbc, Activity: cnbc, Date: 2019-12-07
Keywords: news, cnbc, companies, china, billion, calls, trump, president, plan, world, bank, money, lending, stop


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China will waive import tariffs for some US soybeans and pork, finance ministry says

Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016. China will waive import tariffs for some soybeans and pork shipments from the United States, China’s finance ministry said on Friday, citing a decision by the country’s cabinet. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry said in a statement. China imposed tariffs of 25% on both U.S. soybeans and pork in July 2018 as a counter


Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016.
China will waive import tariffs for some soybeans and pork shipments from the United States, China’s finance ministry said on Friday, citing a decision by the country’s cabinet.
The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry said in a statement.
China imposed tariffs of 25% on both U.S. soybeans and pork in July 2018 as a counter
China will waive import tariffs for some US soybeans and pork, finance ministry says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, states, finance, chinas, soybeans, tariffs, washington, world, china, waive, ministry, import, united, pork


China will waive import tariffs for some US soybeans and pork, finance ministry says

Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016.

China will waive import tariffs for some soybeans and pork shipments from the United States, China’s finance ministry said on Friday, citing a decision by the country’s cabinet.

The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry said in a statement. It did not specify the quantities involved.

China imposed tariffs of 25% on both U.S. soybeans and pork in July 2018 as a countermeasure to tariffs levied by Washington over allegations that China steals and forces the transfer of American intellectual property to Chinese firms.

The waiver comes amid negotiations between the United States and China to conclude a ‘phase one’ or interim deal to de-escalate a 17-month trade war between the two countries. Lifting tariffs on each other’s goods is a key part of those talks.

China has also been scouring the world for more meat to fill a big shortage of protein after an outbreak of African swine fever devastated its massive hog herd, cutting supplies of pork.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, states, finance, chinas, soybeans, tariffs, washington, world, china, waive, ministry, import, united, pork


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World Bank adopts $1 billion-plus annual China lending plan over US objections

The five-year lending strategy plan was published on Thursday afternoon after the World Bank’s board “expressed broad support” for the multilateral development lender’s engagement in China’s structural and environmental reforms. The World Bank said its lending would decline over the “country partnership framework” plan, in line with reformsagreed under a $13 billion capital increase agreed in 2018. The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2


The five-year lending strategy plan was published on Thursday afternoon after the World Bank’s board “expressed broad support” for the multilateral development lender’s engagement in China’s structural and environmental reforms.
The World Bank said its lending would decline over the “country partnership framework” plan, in line with reformsagreed under a $13 billion capital increase agreed in 2018.
The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2
World Bank adopts $1 billion-plus annual China lending plan over US objections Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, adopts, billion, decline, lending, bank, annual, plan, billionplus, board, fiveyear, objections, world, china, fiscal


World Bank adopts $1 billion-plus annual China lending plan over US objections

The World Bank said its board on Thursday adopted a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025, despite the objections of U.S. Treasury Secretary Steven Mnuchin and several U.S. lawmakers.

Mnuchin told a House Financial Services Committee hearing that the Treasury’s representative on the board had objected on to the plan on Wednesday, adding he wants the World Bank to “graduate” China from its concessional loan programs for low- and middle-income countries.

The five-year lending strategy plan was published on Thursday afternoon after the World Bank’s board “expressed broad support” for the multilateral development lender’s engagement in China’s structural and environmental reforms.

The World Bank said its lending would decline over the “country partnership framework” plan, in line with reformsagreed under a $13 billion capital increase agreed in 2018.

The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2.4 billion during fiscal 2017. The new plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.

“Lending levels may fluctuate up and down from year to year due to normal pipeline management based on project readiness,” the World Bank said in its plan.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, adopts, billion, decline, lending, bank, annual, plan, billionplus, board, fiveyear, objections, world, china, fiscal


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Hong Kong police chief calls for peace ahead of big protest march

Hong Kong’s police chief has urged citizens to demonstrate peacefully ahead of what is expected to be a large-scale pro-democracy march on Sunday, an event planned amid a lull in violence in the Chinese-ruled city. Speaking to reporters before departing for a “courtesy visit” to Beijing, newly-installed police commissioner Chris Tang urged Hong Kongers to set a global example. “We hope our citizens can show the whole world (that) Hong Kong people are capable of holding a large scale rally in an


Hong Kong’s police chief has urged citizens to demonstrate peacefully ahead of what is expected to be a large-scale pro-democracy march on Sunday, an event planned amid a lull in violence in the Chinese-ruled city.
Speaking to reporters before departing for a “courtesy visit” to Beijing, newly-installed police commissioner Chris Tang urged Hong Kongers to set a global example.
“We hope our citizens can show the whole world (that) Hong Kong people are capable of holding a large scale rally in an
Hong Kong police chief calls for peace ahead of big protest march Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, calls, visit, expected, peace, hong, urged, prodemocracy, big, beijing, kong, ahead, world, citizens, protest, chief


Hong Kong police chief calls for peace ahead of big protest march

Hong Kong’s police chief has urged citizens to demonstrate peacefully ahead of what is expected to be a large-scale pro-democracy march on Sunday, an event planned amid a lull in violence in the Chinese-ruled city.

Police on Thursday gave a rare green light to the demonstration, organized by the Civil Human Rights Front, the group that called the million-strong marches in the summer. Sunday’s march is a key gauge of the pro-democracy movement’s support following its sweeping victory in local elections.

Speaking to reporters before departing for a “courtesy visit” to Beijing, newly-installed police commissioner Chris Tang urged Hong Kongers to set a global example.

“We hope our citizens can show the whole world (that) Hong Kong people are capable of holding a large scale rally in an orderly and peaceful manner,” he said. “We urge the organizer to assist the police on maintaining the order.”

Tang was traveling to meet with senior officials from the ministry of public security in Beijing and is expected to return to Hong Kong on Sunday.

The unrest in Hong Kong is the biggest popular challenge to Chinese President Xi Jinping since he came to power in 2012.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, calls, visit, expected, peace, hong, urged, prodemocracy, big, beijing, kong, ahead, world, citizens, protest, chief


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Elizabeth Warren is preparing a plan to ban mega mergers, allow gig workers to unionize

Senator and presidential hopeful Elizabeth Warren is drafting a bill that would ban “mega mergers” between the nation’s largest companies as well as try to improve the bargaining power of short-term and temporary workers. It would also grant gig workers the power to unionize, a potential landmark change for rail-hailing companies like Uber Technologies and Lyft, the person told CNBC. Under existing regulation, the federal government’s antitrust policies assess mergers based on their potential to


Senator and presidential hopeful Elizabeth Warren is drafting a bill that would ban “mega mergers” between the nation’s largest companies as well as try to improve the bargaining power of short-term and temporary workers.
It would also grant gig workers the power to unionize, a potential landmark change for rail-hailing companies like Uber Technologies and Lyft, the person told CNBC.
Under existing regulation, the federal government’s antitrust policies assess mergers based on their potential to
Elizabeth Warren is preparing a plan to ban mega mergers, allow gig workers to unionize Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: thomas franck
Keywords: news, cnbc, companies, ban, billion, mega, workers, revenue, mergers, preparing, potential, antitrust, unionize, gig, elizabeth, companies, world, warren, plan, republican


Elizabeth Warren is preparing a plan to ban mega mergers, allow gig workers to unionize

Senator and presidential hopeful Elizabeth Warren is drafting a bill that would ban “mega mergers” between the nation’s largest companies as well as try to improve the bargaining power of short-term and temporary workers.

The forthcoming legislation, a collaborative effort with Rep. David Cicilline of the House antitrust subcommittee, would bar tie-ups including a company with over $40 billion in annual revenue or two companies each with at least $15 billion in annual revenue, according to a person familiar with the matter.

It would also grant gig workers the power to unionize, a potential landmark change for rail-hailing companies like Uber Technologies and Lyft, the person told CNBC. Bloomberg News first reported that Warren and Cicilline were working on the legislation.

The proposal would broaden antitrust law beyond the 40-year-old consumer welfare standard, the framework that has dictated antitrust policy in the U.S. for a generation. Under existing regulation, the federal government’s antitrust policies assess mergers based on their potential to hurt American consumers with monopolistic prices or diminished quality.

Warren and Cicilline’s legislation would, in addition, compel the government to also weigh potential impact on workers and entrepreneurs.

But early response to the proposal suggested not only that the Democrats would have a hard time convincing their Republican peers to support such a measure, but that debate would have to wait until after the impeachment process against President Donald Trump.

“The numbers she has — the $40 billion in sales, no mergers beyond that — what decade does she think we’re living in?” asked Republican and longtime political activist Grover Norquist. “We’re not living in a time in a time with small companies competing in the world. American leadership has larger companies. It’s really an odd 1910 world view.”


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: thomas franck
Keywords: news, cnbc, companies, ban, billion, mega, workers, revenue, mergers, preparing, potential, antitrust, unionize, gig, elizabeth, companies, world, warren, plan, republican


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Epcot is getting Disney-fied: From ‘Ratatouille’ to ‘Mary Poppins,’ here’s how the 37-year-old park is changing

A concept image illustrates announced updates to Disney’s Epcot theme park. He pointed to the addition of “Frozen” characters to the Norway pavilion as a model for changes coming to the France pavilion. A “Mary Poppins”-themed area is coming to Disney’s Epcot theme park. An artist’s rendering of the overhaul of Epcot theme park at Walt Disney World in Florida. Disney’s Epcot theme park is adding a “Guardians of the Galaxy” ride.


A concept image illustrates announced updates to Disney’s Epcot theme park.
He pointed to the addition of “Frozen” characters to the Norway pavilion as a model for changes coming to the France pavilion.
A “Mary Poppins”-themed area is coming to Disney’s Epcot theme park.
An artist’s rendering of the overhaul of Epcot theme park at Walt Disney World in Florida.
Disney’s Epcot theme park is adding a “Guardians of the Galaxy” ride.
Epcot is getting Disney-fied: From ‘Ratatouille’ to ‘Mary Poppins,’ here’s how the 37-year-old park is changing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sarah whitten
Keywords: news, cnbc, companies, disneyfied, world, theme, little, disney, getting, epcot, pavilion, guests, france, park, poppins, heres, mary, 37yearold, disneys, ratatouille, changing


Epcot is getting Disney-fied: From 'Ratatouille' to 'Mary Poppins,' here's how the 37-year-old park is changing

A concept image illustrates announced updates to Disney’s Epcot theme park. Source: Disney

Big changes are coming to Epcot. The park has been known predominantly for its unique food offerings and annual festivals, but it’s time for an update, says Disney. The company is embarking on a massive park transformation, updating classic attractions, adding more family-friendly experiences and sprinkling a little more Disney flair around the nearly 40-year-old park. Epcot, which focuses on technology and international cultures, has long been a destination for adults but has been, perhaps, a little too mature for younger parkgoers. “We love Epcot,” Michael Hundgen, executive producer for Walt Disney Imagineering, said Thursday. “It’s the only one of its kind, there is only one Epcot, and as we thought about the next evolution of this park, we really harked back to Walt. He said Epcot would always be in a state of becoming, and this is sort of the next chapter of that state of becoming for us.” Disney toured media through several of Epcot’s new but unfinished upgrades, allowing a sneak peek of what’s to come. However, many of the areas were not allowed to be photographed.

A look at a French pantry that guests will drives through during Remy’s Ratatouille Adventure in Epcot in Orlando, Florida. Disney

One of the biggest transformations, and one guests will be able to enjoy next year, is being made to the France pavilion. Disney is adding Remy’s Ratatouille Adventure, a trackless ride that takes guests through a Pixar version of France. With a little imagination, parkgoers can pretend they have been shrunk down to the size of Remy himself. They will be whisked through a French restaurant on little mouse cars, where danger lurks around every turn. Walking through this new experience, members of the media gasped at the massive two-ton fish and ham bones dangling from the ceiling. Little else was revealed about what guests will encounter as they scuttle through the kitchen, but the massive refrigerator, oversized fruits and vegetables, including a four-foot tall orange, were enough to whet appetites for more. France will also add a “Beauty and the Beast” sing-along to its theater and full-scale creperie. “We are doubling down on the things that we know our guests love about Epcot, the festivals, the showcase, Spaceship Earth itself,” Hundgen said. “And we’re creating more experiences for families, creating more experiences that feel inherently Disney — and we mean characters and, of course, our franchises, but also the emotion connections.” The goal is to make Epcot more “timeless” and more “relevant,” Hundgen said, but also a place for all generations and ages, not just adults. He pointed to the addition of “Frozen” characters to the Norway pavilion as a model for changes coming to the France pavilion. Anna, Elsa, Kristoff, Olaf and Sven, who live in Arendelle, a land based on the fjords of Norway, are the perfect intersection between honoring the authenticity of the country of Norway with the magic of Disney. The hope is to replicate that success in the France pavilion and then again with its new additions planned for the United Kingdom pavilion.

A “Mary Poppins”-themed area is coming to Disney’s Epcot theme park. Source: Disney

The first-ever “Mary Poppins” attraction is coming to Epcot, including a whole neighborhood based on Cherry Tree Lane from the film.

New neighborhoods

Walt Disney himself had initially envisioned Epcot, which stands for Experimental Prototype Community of Tomorrow, to be an actual city where people lived and worked with new technology. However, after Disney’s death, the company decided not to build and open a city but instead created a new theme park, infused with emerging technology of the time. Epcot, which opened in 1982, is home to the World Showcase, which features dozens of pavilions of countries from around the globe. This part of the park will remain once Disney’s transformation of Epcot is complete, but it will be joined by three new neighborhoods: Discovery, Celebration and Nature. The new Spaceship Earth will focus on storytelling, Bob Chapek, chairman of parks, said during Disney’s D23 Expo in August. He said many of the scenes that were part of the original will remain but be updated. New moments will also be added. The exit to the ride will be called Dreamer’s Point and have a new statue of Walt Disney. World Celebration will feature a wishing tree, a story fountain and a pavilion for live events.

An artist’s rendering of the overhaul of Epcot theme park at Walt Disney World in Florida. Disney

“It is about rounding out family offerings at Epcot, but it’s, at the same time, about doubling down on the things we know work really well,” Hundgen said. “So, festivals are inherently Epcot, and this new home for our festivals, this festival center that is being built, will really become the purpose-built epicenter for all of the content.” World Discovery will feature a “Guardians of the Galaxy” ride called Guardians of the Galaxy Cosmic Rewind as well as a new Play Pavilion where characters from Disney and Pixar films will appear for meet-and-greets and as part of a digital city.

Disney’s Epcot theme park is adding a “Guardians of the Galaxy” ride. Source: Disney/Marvel

Mission Space will also be updated with a new restaurant. The restaurant is called Space 220, which is set in a space station sitting high above the Earth. It will open this winter.

Space 220 is a new space station-themed restaurant opening at Epcot this winter. Source: Disney

World Nature will feature The Journey of Water experience based on “Moana.” Epcot will also be getting a new nighttime spectacular called Harmonious. It will debut in 2020.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sarah whitten
Keywords: news, cnbc, companies, disneyfied, world, theme, little, disney, getting, epcot, pavilion, guests, france, park, poppins, heres, mary, 37yearold, disneys, ratatouille, changing


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How a 26-year-old making $45,000 a year in DC spends his money

How a 26-year-old making $45,000 a year in DC spends his moneyVictor Yang, 26, lives in Washington, D.C., and earns $45,000 a year as a congressional staffer. This is an installment of CNBC Make It’s Millennial Money series, which profiles people around the world and details how they earn, spend and save their money.


How a 26-year-old making $45,000 a year in DC spends his moneyVictor Yang, 26, lives in Washington, D.C., and earns $45,000 a year as a congressional staffer.
This is an installment of CNBC Make It’s Millennial Money series, which profiles people around the world and details how they earn, spend and save their money.
How a 26-year-old making $45,000 a year in DC spends his money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05
Keywords: news, cnbc, companies, world, yang, staffer, 45000, spends, series, washington, 26yearold, spend, making, money


How a 26-year-old making $45,000 a year in DC spends his money

How a 26-year-old making $45,000 a year in DC spends his money

Victor Yang, 26, lives in Washington, D.C., and earns $45,000 a year as a congressional staffer. This is an installment of CNBC Make It’s Millennial Money series, which profiles people around the world and details how they earn, spend and save their money.


Company: cnbc, Activity: cnbc, Date: 2019-12-05
Keywords: news, cnbc, companies, world, yang, staffer, 45000, spends, series, washington, 26yearold, spend, making, money


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Treasury Secretary Mnuchin says China should be ‘graduated’ from supportive World Bank loan program

Al Drago | Bloomberg | Getty ImagesTreasury Secretary Steven Mnuchin on Thursday agreed that the World Bank should expel China from a supportive loan program that helps middle- and low-income nations finance government projects. Asked by Rep. Anthony Gonzalez, R-Ohio, whether he’d support graduating Beijing from the lending program, Mnuchin replied, “I do.” This is something “Malpass worked on with the World Bank when he worked for me. “We don’t have veto power over every single loan or veto pow


Al Drago | Bloomberg | Getty ImagesTreasury Secretary Steven Mnuchin on Thursday agreed that the World Bank should expel China from a supportive loan program that helps middle- and low-income nations finance government projects.
Asked by Rep. Anthony Gonzalez, R-Ohio, whether he’d support graduating Beijing from the lending program, Mnuchin replied, “I do.”
This is something “Malpass worked on with the World Bank when he worked for me.
“We don’t have veto power over every single loan or veto pow
Treasury Secretary Mnuchin says China should be ‘graduated’ from supportive World Bank loan program Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: thomas franck
Keywords: news, cnbc, companies, loan, veto, mnuchin, treasury, secretary, gonzalez, graduated, power, lending, china, world, bank, countries, program, supportive


Treasury Secretary Mnuchin says China should be 'graduated' from supportive World Bank loan program

Steven Mnuchin, U.S. Treasury secretary, speaks during a press briefing at the White House in Washington, D.C., U.S., on Monday, July 15, 2019. Al Drago | Bloomberg | Getty Images

Treasury Secretary Steven Mnuchin on Thursday agreed that the World Bank should expel China from a supportive loan program that helps middle- and low-income nations finance government projects. Asked by Rep. Anthony Gonzalez, R-Ohio, whether he’d support graduating Beijing from the lending program, Mnuchin replied, “I do.” The question from Gonzalez comes as he works to pass legislation that would curb World Bank funding to China by graduating the country from its International Bank for Reconstruction and Development. A unit of the World Bank, the IBRD offers myriad financial products and loans to countries hoping to reduce poverty and promote sustainable investing. Mnuchin added that the selection of former Treasury Undersecretary David Malpass as the World Bank’s president earlier this year gives him confidence the institution will revise its practices to make its lending more equitable. This is something “Malpass worked on with the World Bank when he worked for me. This was his No. 1 issue in reforms,” Mnuchin assured Gonzalez from Capitol Hill. “Our executive board member has objected to the program, and I think that gets read in and ultimately that will be on the World Bank’s website.” “We don’t have veto power over every single loan or veto power over a specific statement,” he added. But “we have veto power over capital allocations and in other issues.”

Tension has developed as China is lending billions of dollars of its own to developing countries under opaque terms as part of its “Belt and Road” initiative to build infrastructure. That practice has angered many U.S. politicians, who view China not only as an economic rival but as a geopolitical threat as it broadens its presence overseas. “What’s happening is basically the U.S. and other countries are indirectly funding China’s ‘Belt and Road’ ambitions, which used to further their geopolitical goals,” said Clete Willems, a partner at Akin Gump and a former White House trade advisor. “China claims that it wants to be seen as an equal to the U.S. in the global economy. If that’s the case, it needs to step up and be treated in the same way as the U.S.,” Willems added. “It can no longer be considered a developing country.” The bank has historically defended its lending practices as a way to give assistance to needy countries so that nations can share knowledge globally and collaborate on international projects. CNBC reached out to the World Bank for comment. But according to Gonzalez, the threshold for graduation from the IBRD program currently stands at a gross national income per capita level of $6,975, which China exceeded in 2016. The congressman introduced the “Accountability for World Bank Loans to China Act” on Nov. 13 and has since found support from some of Wall Street’s top investors, including Hayman Capital’s Kyle Bass.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: thomas franck
Keywords: news, cnbc, companies, loan, veto, mnuchin, treasury, secretary, gonzalez, graduated, power, lending, china, world, bank, countries, program, supportive


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Governments are adopting different strategies for reducing their carbon footprint

Clean energy has been the focus of many sectors, from technology to transportation. Around the world, governments are tapping into renewable sources to fuel the growing demand for energy. As a result, more solar parks, wind farms and hydroelectric power plants are being built. Common renewable energy sources are solar, wind, geothermal, biomass and hydropower. Renewable energy — A bespoke conceptHowever, not all countries have the same potential for clean energy or the right environment for cert


Clean energy has been the focus of many sectors, from technology to transportation.
Around the world, governments are tapping into renewable sources to fuel the growing demand for energy.
As a result, more solar parks, wind farms and hydroelectric power plants are being built.
Common renewable energy sources are solar, wind, geothermal, biomass and hydropower.
Renewable energy — A bespoke conceptHowever, not all countries have the same potential for clean energy or the right environment for cert
Governments are adopting different strategies for reducing their carbon footprint Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: nessa anwar
Keywords: news, cnbc, companies, footprint, carbon, clean, strategies, environment, governments, sources, wind, world, adopting, countries, reducing, renewable, using, energy, solar, different


Governments are adopting different strategies for reducing their carbon footprint

Clean energy has been the focus of many sectors, from technology to transportation. Around the world, governments are tapping into renewable sources to fuel the growing demand for energy. As a result, more solar parks, wind farms and hydroelectric power plants are being built. Renewables are sources of energy that can be replenished using naturally occurring processes. Common renewable energy sources are solar, wind, geothermal, biomass and hydropower.

Renewable energy — A bespoke concept

However, not all countries have the same potential for clean energy or the right environment for certain energy infrastructure. Each harness the environment according to its unique surroundings, and not all nations have the same policies.

More countries pledge to reduce their carbon footprint


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: nessa anwar
Keywords: news, cnbc, companies, footprint, carbon, clean, strategies, environment, governments, sources, wind, world, adopting, countries, reducing, renewable, using, energy, solar, different


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