North Korea fired a suspected ballistic missile on Thursday, just days after leader Kim Jong Un’s space program was dealt a blow when a rocket blew up soon after liftoff. from Bloomberg Politics https://ift.tt/aHUFKEG
A fresh round of trade restrictions under a Donald Trump administration would serve as a negative supply shock to the US economy, potentially boosting inflation and forestalling Federal Reserve interest rate cuts into next year, according to Deutsche Bank AG. from Bloomberg Politics https://ift.tt/byQ4PBK
Top Republicans are warning the Biden administration against tapping into the nation’s strategic oil reserve to bring down gasoline prices with five months to go before the presidential election. from Bloomberg Politics https://ift.tt/YSX4r1D
President Joe Biden told Black voters the balance of the Supreme Court was at stake in his November rematch against Republican Donald Trump as he sought to shore up his standing with a key part of his electoral coalition. from Bloomberg Politics https://ift.tt/M7VJew1
US Deputy Treasury Secretary Wally Adeyemo said Chinese firms must cease supplying components that can be utilized by Russia in weapons used to attack Ukraine or face consequences. from Bloomberg Politics https://ift.tt/GV8tyjB
Germany’s ruling coalition plans to push ahead with pension reforms in the coming months to help cope with the demands of an aging population, including the creation of retirement savings accounts with favorable tax treatment. from Bloomberg Politics https://ift.tt/6Vp5h0x
The UK election campaign turned into a battle of contested economic dossiers, as Labour accused the Tories of risking a repeat of Liz Truss’s market turmoil — a direct response to the Conservatives’ disputed claim that Keir Starmer’s party has a £40 billion hole in its spending plans. from Bloomberg Politics https://ift.tt/UXxgjbJ
US Supreme Court Justice Samuel Alito told lawmakers he won’t recuse from cases involving Donald Trump and the Jan. 6 Capitol riot after revelations that flags associated with far-right causes flew over his homes in Virginia and New Jersey. from Bloomberg Politics https://ift.tt/6TM7e9h
Secretary of State Antony Blinken stopped short of endorsing Ukraine’s use of US weapons to strike inside Russia but said the Biden administration will “adapt and adjust” as the war evolves. from Bloomberg Politics https://ift.tt/JERdpba
The US Navy mishandled oversight of a $22 billion frigate program to replace the much-criticized and more vulnerable Littoral Combat Ship, according to a new congressional audit. from Bloomberg Politics https://ift.tt/Kln4JMi