U.S. President Joe Biden and Chinese President Xi Jinping managed largely to steer clear of escalatory rhetoric on Taiwan in a Thursday call, suggesting that neither side – preoccupied with economic woes at home – wants a fresh crisis across the Taiwan Strait.
- MarketsThe U.S. economy is shrinking. The Fed's rate hikes may have only just begun to bite
The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates by three quarters of a percentage point to a range of 2.25%-2.50% in an effort to slow growth and ease price pressures.
- MarketsMorning Bid: The consumer's deep pockets and short arms, article with image
A look at the day ahead in markets from Anshuman Daga.
- WorldGiant video screen falls during Hong Kong pop concert, dancers hurt
A big video panel fell onto a stage during a concert by Hong Kong boyband Mirror on Thursday, injuring at least two dancers, one of them seriously, and prompting authorities to ban the group from performing pending an investigation.
Special Report
How Russia spread a secret web of agents across UkraineThe strategy helped Russia capture Chornobyl with little resistance
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The Wider Image
'I want to breed horses, not camels'Hungarian farmers battle 'historic' drought
- Japan looks to regions to mount COVID fight as variant spreads, article with imageAsia Pacific ·
July 29, 2022 · 5:50 AM UTC Japan is encouraging regional authorities to take their own counter-measures against the spread of a new coronavirus variant that has sent cases surging to record levels, but there is no plan for any sweeping national measures.
- IndiaIndia blocks Krafton's game under law it has used to ban China apps-source
India blocked a popular battle-royale format game from Krafton Inc , a South Korean company backed by China's Tencent , using a law it has invoked since 2020 to ban Chinese apps on national security concerns, a source said.