Charting the Global Economy: Fed, ECB Policies May Diverge
The Federal Reserve and European Central Bank forged ahead with interest-rate hikes this week, though Washington policymakers signaled they’re in the final round of their inflation fight.
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Ukraine Says It Shot Down Russian Kinzhal Missile for First Time
Ukraine’s military confirmed the interception of a Russian “Kinzhal” hypersonic air-launched ballistic missile after it deployed Patriot air-defense systems obtained this spring from Western allies.
Vietnam Decries Australia Coin With Former South Regime Flag
Vietnam’s Communist government “resolutely” opposes Australia’s issuance of coin sets depicting the flag of the country’s defeated US-backed southern regime and asks Canberra to halt their distribution.
China’s Hozon to Make EVs in Thailand for Southeast Asian Market
China’s Hozon New Energy Automobile Co. will start production in Thailand to sell in Southeast Asia, becoming the latest electric vehicle maker to begin building a supply chain in the region’s top auto-manufacturing hub.
Ukraine Latest: Russian Hypersonic Missile Shot Down on Thursday
Yevgeny Prigozhin, the founder of Russia’s Wagner mercenary group, renewed a threat to pull his forces from the battlefield near Bakhmut in eastern Ukraine because of an ammunition shortage.
‘Bomb Shot’ on Menu as Japan, Korea Leaders Meet to Bolster Ties
After discussions on security and technology, the leaders of South Korea and Japan plan to unwind over a drink that is traditionally poured in Korea to cement friendship.
Credit Suisse Demise Isn’t Deterring Hedge Funds From European Bank Bonds
Hedge funds are zeroing in on European banks’ bonds, betting that the region’s long-troubled lenders are now in good enough shape to withstand the ongoing US financial turmoil.
South Africa’s Ramaphosa Sends Army to Protect Eskom Stations
South Africa’s president has ordered army personnel to be stationed at power stations as theft and sabotage adds to the inability of state-owned utility Eskom Holdings SOC Ltd. to meet electricity demand.
Ukraine Latest: Leaked Files Said to Show Extent of Wagner Rift
Yevgeny Prigozhin, the founder of Russia’s Wagner mercenary group, renewed a threat to pull his forces from the battlefield near Bakhmut in eastern Ukraine because of an ammunition shortage.
Vedanta Resources Repays $800 Million Loans to StanChart
Billionaire Anil Agarwal’s Vedanta Resources Ltd. said it has repaid $800 million worth of loans, another move that could assuage concerns about its liquidity after surging interest rates intensified pressure on low-rated borrowers with heavy debt loads.