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China looms large as Biden makes submarine moves with UK, Australia | CNN Politics

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China looms large as Biden makes submarine moves with UK, Australia | CNN Politics

San Diego CNN  —  President Joe Biden was flanked on Monday by a 377-foot submarine – the USS Missouri – as he announced an accelerated timeline for Australia to receive its own nuclear-powered submarines early next decade. But looming much larger was the increasingly tense US relationship with China, which has emerged as a central … Read more

Japan’s consumer inflation hits fresh 40-year high | CNN Business

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Japan’s consumer inflation hits fresh 40-year high | CNN Business

Japan’s core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central bank under pressure to whittle down massive stimulus. Months before Tuesday’s surprise tweak to its yield control policy, Bank of Japan (BOJ) policymakers … Read more