Editor’s Pick

China’s vice foreign minister hopes new U.S. administration will ‘meet China halfway’

China’s Vice Foreign Minister Le Yucheng said Thursday he hoped the U.S. presidential election would proceed stably and smoothly.
He was speaking at an unrelated press conference, according to state media.
Chinese-language state media have been relatively muted on the U.S. presidential election, amid rapt attention from many social media users and privately run media outlets.

CDC revises coronavirus guidance to acknowledge that it spreads through airborne transmission

The CDC cited published reports that demonstrated “limited, uncommon circumstances” in which people with the virus infected others who were more than 6 feet away.
“In these instances, transmission occurred in poorly ventilated and enclosed spaces that often involved activities that caused heavier breathing, like singing or exercise,” the CDC said.
The agency added that it is “much more common” for the virus to spread through larger respiratory droplets that are produced when somebody coughs, sneezes, sings, talks, or breathes.

Dow rebounds more than 300 points on stimulus hope to end first losing month since March

Stocks cut gains in the final hour of trading after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus aid deal. The pair will continue talks as they try to craft a fifth package that could pass both chambers of Congress. The market soared earlier in the session after Mnuchin said lawmakers were giving the bill “a serious try.”

Porsche is upbeat on China sales as automakers bet on luxury electric vehicles

The coronavirus pandemic has generally affected wealthier segments of the Chinese population less, while altering some consumer habits that are driving demand for luxury car brands such as Porsche.
Electric vehicles in the high-end segment are particularly in demand, several executives say.
However, Thomas Ingenlath, CEO of premium electric vehicle brand Polestar, says that even with growth in China, he expects the market will remain less than half of global sales.

Irish pubs get the nod to re-open after enduring one of the longest shutdowns in Europe

Under the original lockdown easing schedule, pubs were due to re-open in August but that had been pushed back repeatedly.
Pubs that serve food, as well as restaurants and hotels, re-opened in late June under restrictions.
The new rules will put all pubs on a relatively similar footing, requiring table service and limiting group sizes.
In cases where two-meter distancing isn’t possible, customers can only stay for 105 minutes and all customers must be off the premises by 11:30 p.m.

China says August exports beat expectations, jumping 9.5% from a year ago

China’s dollar-denominated exports rose 9.5% for the month of August while imports fell 2.1% in the same period, data from the country’s General Administration of Customs showed on Monday.
Economists polled by Reuters had expected exports to have climbed 7.1% in August from a year ago imports to rise 0.1% in the same period.
China posted a trade surplus of $58.93 billion for the month of August.