China’s Fiscal Pullback Stretches Into August as Spending Slumps
China’s public expenditure declined at a quicker rate in August, indicating the government was still withdrawing fiscal support for the economy despite cooling growth momentum.
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Iran says it struck an oil tanker that was attempting to “illegally pass” through the Strait of Hormuz. Tehran’s paramilitary Iranian Revolutionary Guard Corps (IRGC) said in a statement shared by state media that it attacked a Togo-flagged tanker, the Trend, after it tried to navigate through the waterway. The vessel “came to a halt...