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China tested a nuclear-capable hypersonic missile in August that circled the globe before speeding towards its target, demonstrating an advanced space capability that caught US intelligence by surprise. Five people familiar with the test said the Chinese military launched a rocket that carried a hypersonic glide vehicle which flew through low-orbit space before cruising down towards its target.
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Japan’s new prime minister has pledged to move the country away from neoliberal fundamentalism as he lambasted his own party’s failure to deliver broad-based growth under the Abenomics programme that defined the economy for almost a decade. In his first interview with international media since taking over Japan’s leadership this month, Fumio Kishida told the
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The IMF’s executive board has opted to retain Kristalina Georgieva as the institution’s managing director and said it had “full confidence” in her ability to carry out her responsibilities, despite allegations she pressured World Bank staff when she was its chief executive to manipulate data to China’s benefit. The announcement followed marathon meetings of the
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Austrian chancellor Sebastian Kurz has resigned, just days after he was named as a suspect in an investigation by state prosecutors into grand corruption at the heart of the Austrian government. In a brief statement on Saturday evening at the Ballhausplatz — the seat of the chancellery in Vienna — Kurz said it had been
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Democrats and Republicans on Capitol Hill have reached an agreement to extend the US debt ceiling through to “early December”, in a stop-gap deal that will provide short-term relief to investors and executives who had fretted about the possibility of a US government default as soon as this month. “We have reached an agreement to
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Republicans and Democrats in Congress opened the door to a temporary solution to America’s debt ceiling crisis on Wednesday, saying they would consider a stop-gap measure extending the country’s borrowing limit until December. The potential breakthrough came after Mitch McConnell, the Senate’s top Republican, offered to support a short-term extension of the nation’s debt limit
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Joe Biden insisted Democrats would pass his ambitious domestic spending agenda despite interparty feuding that has stymied its passage, saying “we’re going to get this done” after a rare Capitol Hill visit to lobby lawmakers. Nancy Pelosi, the Democratic Speaker of the House of Representatives, was due to bring the US president’s $1.2tn infrastructure legislation
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Nancy Pelosi appeared determined to press ahead with a make-or-break vote on Joe Biden’s $1.2tn bipartisan infrastructure bill in the US House of Representatives on Thursday, even as progressive lawmakers threatened to sink the flagship piece of the president’s legislative agenda. “We are proceeding in a very positive way to bring up the bill . . . in a
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