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US, China to elevate military talks in bid to ease tensions

Bloomberg Officials in Washington and Beijing have agreed to high-level conversations between their militaries, according to a person familiar with the matter. During a 3 1/2-hour virtual summit with President Joe Biden, Chinese President Xi Jinping agreed to support such discussions between the US military and top officials from the People’s Liberation Army, including the vice chairman of the country’s ...

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Netherlands police fire shots on rioters

Bloomberg Violent demonstrations broke out in Rotterdam over the Netherlands’ virus restrictions, with the police firing warning shots and deploying a water canon to push back the crowd. The police said in a statement that two people were injured “related to the fired shots” but said details of the injuries were unclear. Tweets showed at least one car on fire ...

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UK budget deficit exceeds forecasts as debt costs triple

Bloomberg The cost of servicing UK government debt more than tripled in October from a year earlier due to surging inflation, leaving the budget deficit higher than economists forecast. Interest costs were 5.6 billion pounds ($7.6 billion) compared with 1.8 billion pounds in the same month in 2020, the Office for National Statistics (ONS) said. In the first seven months ...

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