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TOKYO (AP) — Hong Kong’s share benchmark soared more than 5% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor scarce. The half-point rate hike was the fifth in a row made by the Reserve Bank of New Zealand since February. Statistics New Zealand said inflation was running at 7.3% and unemployment at 3.3%. The rate hike came on the same day the government announced its finances were in better shape than forecast. The Hang Seng in Hong Kong rose 5.3% to 17,988.86, catching up with gains elsewhere as markets reopened following a holiday Tuesday. Markets in mainland China remained closed for a holiday.
SEOUL, Oct 5 (Reuters) - South Korea and the U.S. military conducted missile drills in response to North Korea's launch of a ballistic missile over Japan, as the United Nations Security Council prepares to meet over what was Pyongyang's longest-range test.
Remember when Donald Trump reportedly suggested that we nuke hurricanes in order to stop them hitting the United States? That idea was obviously ludicrous and got rightly ridiculed. Ultimately, however, Trump’s ideas weren’t much more absurd than the accepted status quo in the US – which is to build large amounts of housing on land vulnerable to natural disasters. Fantasies of nuking hurricanes are ultimately just as ridiculous as fantasies that millions of people can move on to paved-over swampland in the most hurricane-ravaged state in the US without disaster striking.
Consumers should gear up for higher gasoline prices as a result of foreign oil production cuts and a series of domestic factors that are limiting supplies, according to energy analysts.
Vice chair of Treasury Dept’s new racial equity committee wants to defund police, 'center race' in all policy
The vice chair of the Biden Treasury Department's new racial equity committee carries some political baggage with her, namely how she wants to defund the police.