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China says Taiwan military drills conclude, plans regular patrols

  Bloomberg 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 People’s Liberation Army “successfully completed all tasks” set out in exercises last week, Eastern Theater Command spokesman Senior Colonel Shi Yi said Wednesday. The statement ended ambiguity on the status ...

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Police raid home of Russian TV journalist who protested war

Bloomberg A Russian journalist who staged an anti-war protest on the country’s main TV news channel said police raided her home in Moscow as part of a new probe against her. Marina Ovsyannikova said 10 police and officers from the Investigative Committee, Russia’s equivalent of the FBI, searched her apartment early Wednesday and took her away for questioning. A criminal ...

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US productivity falls for second quarter, labour costs increase

  Bloomberg US productivity slumped for a second-straight quarter as the economy shrank, driving another surge in labour costs that risks keeping inflation elevated and further complicates the Federal Reserve’s efforts to tame price increases. Productivity, or nonfarm business employee output per hour, decreased at a 4.6% annual rate in the second quarter after falling at a 7.4% pace in ...

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