Protests erupted in Xinjiang and Beijing after a deadly fire

(Reuters) – Public anger in China over the expansion of COVID-19 lockdowns across the country has erupted in rare protests in China’s far-western region of Xinjiang and the country’s capital, where infections hit a new record. Crowds took to the streets Friday night in Urumqi, the capital of Xinjiang, chanting “Stop the lockdown!” and pumping … Read more

The Fed raised interest rates by 50 basis points, but the peak interest rate could be higher

BENGALURU (Reuters) – The Federal Reserve will drop in December to raise interest rates by 50 basis points, but economists polled by Reuters say a longer period for US central bank tightening and a higher interest rate hike are the biggest. Risks to the current outlook. US consumer inflation unexpectedly fell below 8% last month, … Read more