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Xi and Biden Prepare to Talk as U.S.-China Distrust Mounts

President Biden and Chinese leader Xi Jinping plan to speak in a call scheduled for Friday, as the U.S. works to deter China from deeper involvement with Russia during its invasion of Ukraine.

The Wall Street Journal |  | Fuente original

Fed Raises Interest Rates for First Time Since 2018

The U.S. central bank signals the quarter-point increase will be followed by six more increases this year to stop the economy from overheating and combat inflation.

The Wall Street Journal |  | Fuente original

Boris Johnson Visits U.A.E., Saudi Arabia, Seeking More Oil

The British prime minister visited the de facto leaders of the United Arab Emirates and Saudi Arabia, acting as an emissary as they shun entreaties from President Biden to discuss energy policy.

The Wall Street Journal |  | Fuente original

Sarah Bloom Raskin Withdraws as Biden’s Pick for Top Fed Banking Regulator

Sarah Bloom Raskin, President Biden’s nominee to become the government’s most powerful banking regulator, withdrew from consideration amid opposition from Republicans and Democratic Sen. Joe Manchin.

The Wall Street Journal |  | Fuente original

Rollback of Xi Jinping’s Economic Campaign Exposes Cracks in His Power

In addition to pressure from the West on Beijing over Xi’s Russian entente, he is struggling with a severe slowdown in the economy. The new disquiet raises questions about his unassailed dominance.

The Wall Street Journal |  | Fuente original

Talks to End Ukraine War Pause as Russia’s Offensive Intensifies

Diplomatic efforts to end Russia’s war in Ukraine showed no signs of progress as fighting for the capital intensified, with Russian missiles destroying an aircraft factory and apartment building in Kyiv and a television tower in the western city of Rivne.

The Wall Street Journal |  | Fuente original

The Inflation Hits Just Keep Coming, Raising Stakes for the Fed

Rising oil prices, the Ukraine war and continuing supply-chain issues have complicated the Federal Reserve’s push to tame inflation. The challenges boost the risk that rates go up to levels that ultimately tip the economy into recession.

The Wall Street Journal |  | Fuente original

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