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Japan's Nikkei fell more than 1% to a nearly three month low, while Australia's resource heavy S&P/ASX 200 index lost 0.94%. Concerns that central banks' efforts to tame inflation could lead to an economic slowdown and the uncertainty over how China's economy will fare following the removal of COVID controls have kept markets subdued. ....
In an abrupt change of policy, China this month began dismantling the world's strictest COVID regime of lockdowns and extensive testing, putting its battered economy on course for a complete re-opening next year. The lifting of restrictions, following widespread protests against them, means COVID is spreading largely unchecked and likely infecting millions of people a day, according to some international health experts. ....
Authorities in Italy say that nearly 30 pounds of cocaine were found inside a motorized wheelchair at Milan airport after a police dog sniffed it out. ....
Authorities in Italy say that nearly 30 pounds of cocaine were found inside a motorized wheelchair at Milan airport after a police dog sniffed it out. ....