KuaiShou, a Chinese short-video and live streaming app, filed for a Hong Kong IPO that reportedly will seek to raise $5 billion.
Why it matters: This reflects the booming market for TikTok-style services in China, as KuaiShou claims to have over 300 million daily users. Its rivals include Douyin (ByteDance's Chinese version of TikTok) and Nasdaq-listed Bilibili (which, like KuaiShou, includes Tencent and Alibaba as shareholders).
Joe Biden this week pledged again to immediately rejoin the Paris climate agreement if he wins the presidential election, but ultimately meeting his ambitions for the U.S on the world stage would be much tricker.
Why it matters: Biden would face big challenges and complex decisions after announcing the U.S. is back on the climate diplomacy circuit.
While the world was watching votes roll in from the U.S. election early Wednesday morning, Ethiopia was sliding into what could be a devastating civil war.
The big picture: The conflict is between Ethiopia's federal government, led by Prime Minister Abiy Ahmed, and leaders in the northern Tigray region. It's part of a broader struggle over who really holds power in Ethiopia.
A new(ish) International Energy Agency analysis outlines the importance — and immense challenge — of China's pledge to become "carbon neutral" by 2060.
Why it matters: Its recommendations get to the scope of the tech deployment needed, and what a seismic shift it would represent for China's economy.
European leaders are learning that the longer you wait to address the coronavirus, the harsher the mitigation measures to address an exponentially growing caseload must be.
Driving the news: Much of Italy will be placed under a strict lockdown as of Friday in the most drastic steps the country has taken to fight the coronavirus since it led the world into lockdown nearly eight months ago, Axios' Dave Lawler reports.
