India Enters 5G Era as Debt-Laden Carriers Gird to Spend Billions

To capitalize on 5G, China has been rolling out smartphone apps and industrial projects such as super high-definition live streaming, remote manufacturing, virtual reality and robotic surgery arms. The country’s three state-owned carriers have introduced more than 25,000 such applications, according to a news article posted by the State Council on its website in August. … Read more

Putin Says Four Regions’ Annexation Is ‘Forever’

President Vladimir Putin early Friday signed decrees recognizing the “independence” of occupied Kherson and Zaporizhzhia in Ukraine as a prelude to absorbing those regions, as well as Donetsk and Luhansk, into Russia — a move that’s expected later today. Putin is also expected to address legislators.

Ten Things Elon Musk’s Texts Reveal About the Twitter Deal

10. In March, Sam Bankman-Fried, the crypto billionaire, tried to get in touch with Musk through an associate to discuss joining in a deal for Twitter. Musk appeared uninterested — and unaware of Bankman-Fried’s wealth, asking, “Does he have huge amounts of money?”

Fed Rate Increases to Persist Until Inflation Eases, Barkin Says

“Inflation should come down, but I don’t expect its drop to be immediate nor predictable,” said Barkin, who isn’t a voter on the rate-setting Federal Open Market Committee this year. “Significant shocks simply take time to evaporate,” he said, referring to the disruptions created by the Covid-19 pandemic, supply-chain snarls, and Russia’s invasion of Ukraine.

US Redoubles Efforts to End Dependence on Russian Nuclear Fuel

“We are going to get Congressional support in a bipartisan way for us to make our own fuel cycle supply chain independent, certainly of Russia,” Granholm, 63, said in an interview at the International Atomic Energy Agency in Vienna. “We’ve got to make this happen for our own independence and national security.”

US’s Harris Goes to DMZ Hours After North Korea Missile Launch

On her trip, Harris has met Japanese Prime Minister Fumio Kishida and Australian Prime Minister Anthony Albanese, discussing Taiwan in both meetings, according to a senior administration official. She also led the US delegation to Abe’s state funeral, met with CEOs from the semiconductor industry to tout the recently passed CHIPS and Science Act, which … Read more

‘Where’s Jackie?’ Biden Asks After Dead Lawmaker at Hunger Forum

Biden in his remarks Wednesday at a conference on hunger thanked a bipartisan group of lawmakers who pushed the White House to organize the event, including Democratic New Jersey Senator Cory Booker, Democratic Massachusetts Representative Jim McGovern, Republican Indiana Senator Mike Braun and the late Republican Indiana Representative Jackie Walorski.

Hurricane Ian’s Damages Are Forecast to Be Worse Than 1992’s Andrew

Damages from Ian are expected to range from $60 billion to $70 billion given the latest forecasts, according to Chuck Watson, a disaster modeler with Enki Research. That would make Ian the sixth-costliest US hurricane, below Ida’s $78.7 billion in 2021, according to data from the National Oceanic and Atmospheric Administration.

BOE Steps Back Into Bond Market to Restore Stability

The move was recommended by the Financial Policy Committee, amid fears of a “material risk” to financial stability if the dysfunction continued. “This would lead to an unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy,” the BOE said. It is not a monetary policy decision.