A coalition of more than 70 pension funds and investment managers representing assets of $16tn have designed a “net zero” framework to help strip out damaging carbon emissions across their portfolios by 2050.

Stimulus talks between the White House and congressional Democrats broke down on Friday, leading Donald Trump to vow that he would use his “authority as president to get Americans the relief they need”.

Donald Trump has dramatically ramped up his campaign against Beijing by sanctioning Chinese and Hong Kong officials and barring US companies from doing business with high-profile Chinese technology groups.

Microsoft is chasing a deal to buy all of TikTok’s global business, including the viral video app’s operations in India and Europe, according to five people with knowledge of the talks. The US software company said on Sunday it was in negotiations with ByteDance, the Chinese owner of TikTok, to explore “a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand”.

Facebook Inc. is buying a huge amount of clean power across the U.S. and Ireland to support its operations. The social-media giant -- already one of the world’s biggest corporate consumers of renewable energy -- signed contracts to buy 806 megawatts of additional solar and wind power, the company said. The contracts support eight projects in Utah, Ohio, Illinois, Tennessee and Ireland, and involve several different developers, including Brookfield Renewable Partners LP, D.E. Shaw Renewable Investments and Apex Clean Energy.

Twitter froze the account of the Trump campaign on Wednesday for violating its misinformation rules after it posted a video in which the US president said children were “almost immune” to coronavirus.

Twitter Inc. has held early talks about a potential combination with TikTok, the Chinese-owned video-sharing app that the Trump administration has declared a national-security threat, Dow Jones reported, citing people familiar with the matter.

The banking regulator in Shanghai imposed penalties of 1 million yuan ($143,812) each on the credit card units of China Merchants Bank and Communication Bank of China for flaws in customer data protection, according to a statement published by the Shanghai branch of the China Banking and Insurance Regulatory Commission (CBIRC).

Zhu Kemin, former chairman of Donghai Securities Co. Ltd., has been placed under an official probe on suspicion of serious violations of law and Communist Party discipline, the anti-graft watchdog of East China’s Jiangsu province said on Friday.