The Chinese spy service’s social media debut calls on “all members of society” to fight against espionage

Hong Kong CNN — China’s top-secret civilian espionage service has set up a public account on a major social media platform to call on “all members of society” to join its fight against espionage, offering rewards and protection for those who provide information. The Ministry of State Security oversees intelligence and counterintelligence both in China … Read more

Despite the upheaval at the Fed, a rate hike in September is likely

Washington, D.C CNN — Some Federal Reserve officials are already arguing for two consecutive rate hikes starting this month in a bid to curb inflation. But will their influence endure despite a reshuffle in the Fed’s interest rate committee? Probably. St. Louis Fed President James Bullard, the Fed’s toughest voice, announced on Thursday that he … Read more

Officials announce congestion rates are taking hold in New York City

CNN — New York City has been cleared to introduce congestion pricing, a practice that allows the city to charge drivers going to Lower Manhattan, New York Gov. Kathy Hochul announced Monday. The decision paves the way for the city to start the program as early as next spring. CNN has reached out to the … Read more

Economists agree with Mike Pence’s proposal to scrap the Fed’s employment mandate

Washington, D.C CNN — The Federal Reserve has two goals: to keep inflation under control and to maximize employment. Mike Pence, who served as Donald Trump’s vice president and is fighting for leadership of the White House, is campaigning for the Fed’s employment mandate to be scrapped. Some economists say it wouldn’t be a bad … Read more

Schumer outlines a plan for how the Senate will regulate AI

CNN — Senate Majority Leader Chuck Schumer on Wednesday announced a comprehensive, open-ended plan to regulate artificial intelligence, describing AI as an unprecedented challenge for Congress that will essentially force policymakers to “start from scratch.” The plan, Schumer said in a Washington speech, will begin with at least nine panels to identify and discuss the … Read more

Blinken meets with Chinese Wang Yi, all eyes on the possible meeting with Xi Jinping

Beijing CNN — US Secretary of State Antony Blinken met with China’s top diplomats on the final day of a high-level visit to Beijing aimed at stabilizing ties. All eyes are on if Washington’s envoy will meet Chinese leader Xi Jinping later in the day. With world powers increasingly at odds, there is widespread international … Read more