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China’s orbiting missile exploits weakness in US defenses

Bloomberg China’s reported launch of a hypersonic missile into orbit has raised concerns that US rivals are quickly neutralizing the Pentagon’s missile defenses even as it invests tens of billions of dollars in upgrades. In a test two months ago, the Chinese military sent a nuclear-capable missile into low-orbit space and around the globe before cruising down to its target, ...

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Putin to skip G-20 meeting in Rome, will take part by videolink: Kremlin

Bloomberg Russian President Vladimir Putin will participate in next week’s Group of 20 summit in Rome via videolink, the Kremlin said. Putin told Italian Prime Minister Mario Draghi of his plans in a phone call Tuesday, according to an emailed statement. Chinese President Xi Jinping has indicated he may also take part in the October 30-31 Rome G-20 summit remotely. ...

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Bank Indonesia stays on hold, says rate moves one year away

Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged and extended policies to boost domestic demand, saying it likely won’t tinker with rates for another year. Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5% on Tuesday, as predicted by all 30 analysts in a Bloomberg survey. It was the bank’s eighth straight hold decision. “This ...

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