Typhoon Mulan made landfall in China’s manufacturing hub of Guangdong on Wednesday, forcing some trains and ferries to suspend operations, with the torrential rains heading toward Hainan and potentially disrupting the island’s efforts to contain a Covid outbreak.

Some trains going through Zhanjiang city in Guangdong province will be halted in the next few days, while passenger liner services at ports including Nansha and Shekou in Shenzhen will be partially suspended, transport authorities said in a

Washington (AP) -- Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul, he confirmed in a post on his Truth Social account.

Trump’s testimony comes amid a flurry of legal activity surrounding him, taking place just days after FBI agents searched his Mar-a-Lago estate in Florida as part of an unrelated federal probe into whether he took classified records when he left the White House.

China’s military said exercises held around Taiwan in response to US House Speaker Nancy Pelosi’s visit had concluded, while pledging to continue regular patrols near the island. 

The statement by the People’s Liberation Army’s Eastern Theater Command on Wednesday ended ambiguity on the status of the drills days after six maritime exclusion zones around Taiwan officially expired. Chinese ships and warplanes have continued to operate nearby this week, in what military analysts describe as an attempt to erode a decades-old buffer zone between the island and the mainland.  

Investors are scouring the wreckage of the UK bond market for bargains, wagering the worst selloff since the global financial crisis has run too far.

By June 21, with surging inflation raising the likelihood the country would pitch into a prolonged recession, yields on sterling-denominated investment-grade corporate bonds had risen almost 250 basis point for the year to 4.5%, their highest level for a decade, according to Bloomberg indexes.

Coal’s remarkable rise from a fuel left for dead to one of the world’s hottest commodities is likely to last for years.

Europe’s plans to wean itself off Russian fuels will support the coal market in two distinct ways, both of which should keep prices of seaborne cargoes inflated for the near future, according to Fitch Solutions analysts. 

The relentless decline in China’s short-term rate swaps fueled by bets on persistently abundant liquidity may be about to end, according to Citigroup and Morgan Stanley strategists, who recommend clients to position for a flatter curve.

The difference between one- and three-year non-deliverable China interest-rate swaps expanded to 30 basis points Tuesday, the widest since 2017. Driven by low funding costs for banks during the pandemic, the spread is approaching the top of the range since China adopted the current monetary framework and started to set policy rates on a series of open-market tools as anchors in 2016, according to Citigroup.

A drop in Swedish apartment prices picked up speed last month, adding to evidence that the property market in the largest Nordic nation is floundering.

The average cost was 4% lower in July than the previous month, marking the fastest decline since before the pandemic, according to data published on Wednesday by Svensk Maklarstatistik. House prices fell 1% from June.  

The Marlboro maker said discussions with the authorities in Brussels indicated they won’t complete a review of the proposed deal before Sept. 30, when the bid was due to expire.

While Hong Kong’s main airline said Wednesday its first-half net loss narrowed to HK$5.3 billion ($675 million) from HK$7.9 billion a year earlier, Tang said in an internal staff memo seen by Bloomberg that the financial hub is taking longer than other cities to see a travel recovery.  

Ukrainian President Volodymyr Zelenskiy pledged to “liberate” Crimea as speculation swirled about the cause of a major fire at an air base on the peninsula annexed by Russia in 2014.

“This Russian war against Ukraine and against all of free Europe began with Crimea and must end with Crimea -- its liberation,” Zelenskiy said late Tuesday. He did not mention the blaze, which Russian state media said resulted in one fatality.

European natural gas prices rose on Wednesday after three sessions of declines as countries in the region warned of a possibly difficult winter ahead.

The potential for Russian supply disruptions over the peak demand season remains in focus, keeping prices elevated, even with gas storage levels currently normal for the time of year and pipeline flows steady.  

Hong Kong (AP) -- Hong Kong airline Cathay Pacific Airways said Wednesday that losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger numbers.

But it cautioned that quarantine restrictions on its crew were limiting the airline's ability to increase flight capacity.

Earnings season has so far delivered better-than-expected results from some big names, and the broad US market has gained since hitting a low in mid-June. That rally picked up steam last week after Federal Reserve Chair Jerome Powell said it might be appropriate to slow the pace of interest-rate hikes at some point, and said he doesn’t believe the US is currently in a recession.

Author and illustrator Raymond Briggs, best-known for the 1978 children's picture book The Snowman, has died aged 88.

A statement from his family said: "We know that Raymond's books were loved by and touched millions of people around the world, who will be sad to hear this news. Drawings from fans - especially children's drawings - inspired by his books were treasured by Raymond and pinned up on the wall of his studio.

China’s ambassador to Australia has warned Canberra to take Beijing’s stance on Taiwan seriously, saying it regards the island as Australia does its offshore state of Tasmania.

While Xiao Qian said there was an opportunity to reset chilly relations between Australia and China, he cautioned that there was no room for compromise on Beijing’s One China policy, in a speech in Canberra on Wednesday.

For many people, Covid is an inconvenience that’s become an undesirable part of normal life. Not so in China, where zero tolerance means those who contract the virus have been isolated and often disparaged just for getting infected. 

Tech shares led a broad slump in Chinese stocks Wednesday, as investors turned cautious over worries about the nation’s fragile economic recovery and potential market impact from US inflation data.

Hong Kong’s Hang Seng Tech Index dropped as much as 3.8%, with electric vehicle makers Nio Inc. and XPeng Inc. the worst performers. The benchmark Hang Seng Index slid as much as 2.7%. On the mainland, the CSI 300 Index closed 1.1% lower, poised for a sixth week of declines.  

Thailand’s central bank raised the benchmark policy rate for the first time in more than three years, and signaled sticking with measured moves going forward to fight inflation without derailing the economy’s recovery.

The bank’s monetary policy committee on Wednesday decided to increase the one-day repurchase rate by 25 basis points to 0.75% as forecast by 24 of 27 economists in a Bloomberg survey. The remaining three had predicted a 50-basis-point hike. The rate was

Consumer prices rose 6.8% in July from a year earlier, the fastest pace since July 1988, according to data from Statistics Norway on Wednesday. Economists surveyed by Bloomberg expected a 6.3% increase, and

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Inflation in urban parts of Egypt quickened after a month of cooling off, as rising food prices and a local hike in fuel costs added more pressure to consumers in the largest Arab nation.

Belgium’s almost unique wage-hike system is being put to the test as spiraling inflation pushes the country’s salaries above its neighbors, threatening its competitiveness. 

The sixth-largest euro-area economy may see public and private wage costs jump as much as an unprecedented 12% over the next two years, as

Montpelier, Vt. (AP) -- The leader of Vermont's state Senate, Becca Balint, won the Democratic Party primary on Tuesday for Vermont's lone seat in the U.S. House of Representatives, meaning she could become the first woman and the first openly gay person to represent the state in Congress.

In deep-blue Vermont, it’s likely the Democratic candidate will also clinch the general election in November. A win by Balint, who is white, would help erase what some consider to be the blot on the liberal state’s reputation of only being represented by white men.