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☆ China striving to control new COVID outbreaks - commission
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Nov 2 (Reuters) - China is striving to control the sudden outbreak of COVID-19 infections in the shortest possible time, the health commission said on Wednesday in its first comments since the 20th Communist Party Congress as cases rise across major cities. China should unwaveringly stick to its dynamic zero-COVID policy, the National Health Commission said. China, which has repeatedly said it would not waver from its policy on COVID even as mass lockdowns and curbs hurt the economy, recorded almost 3,000 cases on Tuesday. Major economic hubs like Zhengzhou and Guangzhou are experiencing outbreaks and several other cities have enforced strict curbs and mass testing affecting millions. "China should unwaveringly stick to the general guideline of preventing inbound COVID cases and domestic resurgence, as well as its dynamic zero-COVID policy, and strive to stem sudden COVID outbreaks in the shortest time with the lowest costs," the health authority said.

It’s become routine since Russia invaded Ukraine: President Joe Biden and Ukrainian President Volodymyr Zelenskyy speak by phone whenever the U.S. announces a new package of military assistance for Kyiv. Biden had barely finished telling Zelenskyy he’d just greenlighted another $1 billion in U.S. military assistance for Ukraine when Zelenskyy started listing all the additional help he needed and wasn’t getting. Biden lost his temper, the people familiar with the call said. Biden now faces resistance from some Republicans and Democrats that wasn’t present when Congress approved previous Ukraine funds. “I had an important conversation with U.S. President Biden today,” he said in videotaped remarks.

☆ Biden snapped at Zelenskyy in a June phone call when he asked for more aid, report says, in a fleeting moment of conflict between the two leaders
▼ + stars: | 2022-10-31 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Biden and Zelenskyy had a tense phone conversation in June, NBC News reported. The leaders were discussing a US military aid package when Zelenskyy suggested he needed more help. The two leaders had the tense phone conversation on June 15, almost four months after Russia first launched its invasion of Ukraine. A source familiar with the conversation told NBC that the exchange wasn't heated or angry, but Biden was direct with Zelenskyy. Administration officials told NBC that the two leaders' relationship has only improved since the call.

It's become routine since Russia invaded Ukraine: President Joe Biden and Ukrainian President Volodymyr Zelenskyy speak by phone whenever the U.S. announces a new package of military assistance for Kyiv. Biden had barely finished telling Zelenskyy he'd just greenlighted another $1 billion in U.S. military assistance for Ukraine when Zelenskyy started listing all the additional help he needed and wasn't getting. Biden lost his temper, the people familiar with the call said. Administration officials said Biden and Zelenskyy's relationship has only improved since the June phone call, after which Zelenskyy made a statement praising the U.S. for its generous assistance. "I had an important conversation with U.S. President Biden today," he said in videotaped remarks.

☆ UK PM Liz Truss was forced from office after losing fights with the markets and her own fractured party
▼ + stars: | 2022-10-20 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

UK Prime Minister Liz Truss resigned Thursday after a catastrophic 44 days in office. Her plan to radically reshape the UK economy was brutally rejected by financial markets. The plan, radically out of step with the background of soaring inflation and interest-rate hikes, spooked the financial markets. Initial attempts by Truss and her finance minister Kwasi Kwarteng to ride out the chaos did not last long. As Thursday dawned, some of her party's MPs publicly called for her to go.

☆ Wall Street extends rally, Treasury yields waver after solid earnings, economic data
▼ + stars: | 2022-10-18 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022. REUTERS/Brendan McDermidNEW YORK, Oct 18 (Reuters) - U.S. stocks surged and Treasury yields oscillated on Tuesday as better-than-expected earnings and robust factory data fueled investors' risk appetite. Extending Monday's broad rally, all three major U.S. stock indexes were last up well over 1%, with gains across the board. Emerging market stocks rose 1.47%. read moreThe dollar index rose 0.08%, with the euro up 0.12% to $0.985.

By pointing to 2027 as the moment when East Asia's power balance may tip in China's favour, Japan's government can rally support for greater defence spending, he added. At a congressional hearing last year, U.S. Indo-Pacific commander Admiral Philip Davidson said that China's threat against Taiwan could "manifest" that year. Japanese defence ministry officials did not immediately respond to a request for comment. In July, Prime Minister Fumio Kishida won national upper house elections with a pledge to "substantially" increase defence spending. The splurge of defence spending should also benefit U.S. suppliers such as Lockheed, Boeing Co (BA.N) and Northrop Grumman Corp (NOC.N).

☆ Russia's army would be 'annihilated' by the West if Putin uses a nuke in Ukraine, senior EU official predicts
▼ + stars: | 2022-10-14 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

The EU's tio diplomat said Russia's army would be "annihilated" if Putin used a nuke in Ukraine. Putin has suggested multiple times that he is willing to use Russia's massive nuclear arsenal. Putin and various Kremlin officials have alluded to Russia's nuclear stockpile and threatened dire military when warning the West to keep out of the invasion of Ukraine. Borrell said that the West needs to show "complete determination" in the face of Russia's aggression. He said that the West must not waver in its support for Ukraine and should "continue looking for diplomatic solutions when possible."

☆ XPO Logistics Names CFO Ahead of Planned Spinoff of Freight Brokerage Business
▼ + stars: | 2022-10-10 | by ( Kristin Broughton | Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

XPO Logistics Inc. named a new finance chief ahead of the planned spinoff of its freight brokerage business later this year, part of an ongoing effort to split the sprawling transportation company into smaller pieces. Carl Anderson will take over as chief financial officer on Nov. 8, Greenwich, Conn.-based XPO Logistics said Monday. XPO Logistics in 2021 spun off its supply-chain business GXO Logistics Inc., which provides services such as warehousing and e-commerce. XPO Logistics reported a total profit of $141 million during the quarter, down 10% from a year earlier. During his tenure as finance chief, Mr. Tulsyan played a key role in the spinoff of the GXO supply-chain business.

☆ UK's Truss to tell G7: stick by Ukraine in face of Russian attacks
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

Russian President Vladimir Putin has mobilised more troops and issued nuclear threats following a Ukrainian counter-offensive to retake land in the east of the country. Russia invaded Ukraine in February, in what Moscow terms a special operation. Truss will say that Ukrainian military advances had been in part facilitated by military aid and humanitarian assistance by the international community, as well as the impact of sanctions on Russia. She will say sanctions should be maintained and request a full meeting of leaders from the NATO military alliance in the coming days. "The overwhelming international support for Ukraine's struggle stands in stark opposition to the isolation of Russia on the international stage," she will say.

☆ Germany does not accept "sham" referendums, Scholz tells Ukraine's Zelenskiy
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Sept 28 (Reuters) - German Chancellor Olaf Scholz told Ukrainian President Volodymyr Zelenskiy in a call on Wednesday that Germany would never accept the results of "sham" referendums on joining Russia in occupied regions of Ukraine, a German government spokesperson said. Scholz also said Germany's financial, political and humanitarian support for Ukraine would not waver and it would continue to back Ukraine in defending its sovereignty and territorial integrity, including weapons deliveries, the spokesperson said in a statement. Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

☆ Zelenskiy works the phone to rally support against Russia
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

KYIV, Sept 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy sought to rally international support for his country against Russia in a series of calls with foreign leaders on Wednesday as Moscow looked poised to annex a swath of Ukrainian territory. Register now for FREE unlimited access to Reuters.com Register"We expect London’s leadership in reaction to Russian sham referenda as well. Defence and financial aid to Ukraine must be enhanced in response," Zelenskiy wrote on Twitter after speaking to British Prime Minister Liz Truss. In another call, Zelenskiy won a promise from German Chancellor Olaf Scholz that Berlin's financial, political and humanitarian support for Ukraine would not waver. Register now for FREE unlimited access to Reuters.com RegisterReporting by Pavel Polityuk, Editing by Timothy HeritageOur Standards: The Thomson Reuters Trust Principles.

The main challenge the Russian military faces after almost seven months at war looks likely to remain a basic one: manpower. Russia had about 1 million active personnel at the start, according to the institute’s estimates, though it did not dedicate all its troops to Ukraine. Both of these have made it hard to identify how the new additions to the Russian military could be trained or used effectively in this war. ‘New territory takes time’The “partial mobilization” comes after Ukraine’s successful counteroffensive broke through Russian lines outside Kharkiv, Ukraine’s second most populous city. The military support of mobilization and the veneer of territorial security that annexation could provide will likely take a while, however.

☆ Jay Powell just went full Volcker
▼ + stars: | 2022-09-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +10 min

But in just a few months, that sizable jump has become the norm, and it’s almost certainly sealed Jay Powell’s status as the Paul Volcker of the 2020s. “Chair Powell just announced another extreme interest rate hike while forecasting higher unemployment,” Warren tweeted. Bottom line: Powell continues to draw from the Volcker playbook, which means he’s unlikely to waver on the Fed’s target rate of 2% inflation, lest the central bank’s credibility take another blow. Only time will tell whether that 40-plus-year-old playbook still applies in an economy that’s fundamentally different from the one Volcker confronted. Trump also lied about the square footage of his Trump Tower triplex apartment to inflate the value at over $300 million, James alleges.

☆ Salman Rushdie off ventilator and 'road to recovery has begun,' agent says
▼ + stars: | 2022-08-15 | by ( Nathan Layne | ) www.reuters.com time to read: +6 min

"He's off the ventilator, so the road to recovery has begun," his agent, Andrew Wylie, wrote in an email to Reuters. Rushdie was flown by helicopter to a hospital in Erie, Pennsylvania, for treatment after the attack. Authorities in Iran have made no public comment about the attack, although hardline state media outlets have celebrated it with headlines including "Satan has been blinded" and some Iranians voiced support online for the stabbing. Rushdie was stabbed 10 times, prosecutors said during Matar's arraignment, according to the New York Times. A Hezbollah official told Reuters on Saturday that the group had no additional information on the attack on Rushdie.

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