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China aims for ‘”Olympic Blue” – plans to extend steel curbs

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China’s top steel hub will join the campaign to ensure blue skies for Beijing’s Winter Olympics next year.

The move will cap output and ordering other measures to slash pollution.

Tangshan a coastal town will extend steel curbs to March next year with air population falling by at least 40 percent.

The city’s steelmakers account for 8% of global output.

Steel mills in Tangshan will have to keep in place production curbs ordered this year but which are due to expire on Dec. 31, according to Mysteel. Other measures to boost air quality include curbs on heavy vehicles and cement production, and switching more transport to clean fuels.

Calls to Tangshan’s environmental office weren’t answered

The Olympics curbs come amid a gathering nationwide push to reduce steel output after production smashed records in the first half of the year. Mills in Tangshan — which churned out 144 million tons in 2020 — will have to reduce production by 12.4 million tons this year, while the broader Hebei province is aiming for a 21.7 million-ton reduction.

When Beijing hosted the Summer Olympics in 2008, authorities shut a high amount of factories in the industrial regions near the capital with the move titled “Olympic Blue.”

14 years on, it doesn’t seem like much has changed.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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