Timeframe: June 11 to June 17, 2022
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China Alarms US With Private Warnings to Avoid Taiwan Strait
Chinese military officials in recent months have repeatedly asserted that the Taiwan Strait isn’t international waters during meetings with US counterparts, according to a person familiar with the situation, generating concern within the Biden administration.
U.K. Vows to Press Ahead With Deportations to Rwanda
The government said it would stick with a plan to send asylum seekers to the African country, despite the first flight’s grounding after a ruling by the European Court of Human Rights.
Source: New York Times
2. Economics & Business
Federal Reserve raises interest rates by 0.75%, most since 1994, amid effort to slow inflation
The Federal Reserve on Wednesday raised interest rates by 0.75%, the largest move it has made in a single meeting since 1994. The Fed decision lifts short-term borrowing costs to a target range between 1.50% and 1.75%.
The central bank messaged that further interest rate hikes will come this year, as the Fed leans on higher borrowing costs to dampen demand and work to slow faster-than-expected inflation
Source: Yahoo Finance
Pakistanis told to drink less tea as nation grapples with economic crisis
Pakistanis have been urged to drink less tea to keep the economy afloat, as the world’s largest tea importer grapples with soaring inflation and a fast-depreciating rupee.
The country’s Federal Minister for Planning and Development, Ahsan Iqbal, on Tuesday told reporters that Pakistanis could reduce their tea consumption by “one or two cups” per day as imports are putting additional financial strain on the government.
Search for clues as bodies of hundreds of little blue penguins wash ashore in New Zealand
The kororā, also known as little blue penguins, is the world’s smallest penguin and is native to New Zealand. Their deaths have shocked and bewildered locals, who in recent months have found hundreds washed ashore and decaying on the beaches on the North Island. Conservation officials believe mass die-offs are becoming more frequent as the climate crisis disrupts food chains.
Source: The Guardian
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