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.
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How Russia spread a secret web of agents across UkraineThe strategy helped Russia capture Chornobyl with little resistance
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- Japan looks to regions to mount COVID fight as variant spreads, article with imageAsia Pacific ·
July 29, 2022 · 5:50 AM UTC · undefined agoJapan 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.