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Beijing’s Show of Force: China Launches Major Drills Around Taiwan

  A ship fires a weapon during drills east of Taiwan in this screenshot from a video released by the Eastern Theater Command of China's People's Liberation Army (PLA) on Dec. 29, 2025. China has initiated large‑scale military exercises around Taiwan, framing the operation as a direct warning to what it calls separatist forces and foreign supporters. The drills, conducted by the Eastern Theatre Command, involve naval vessels, fighter jets, and missile units operating across multiple zones encircling the island. According to Chinese military statements, the exercises are designed to test joint combat readiness and simulate scenarios such as blockades and precision strikes. The move follows heightened tensions over international engagement with Taiwan, including recent arms sales and diplomatic exchanges that Beijing views as challenges to its sovereignty claims. Taiwan’s defense ministry denounced the drills as coercive and destabilizing, placing its military on alert and trac...
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Bank of Canada Slashes Rates by 50 Basis Points as Inflation Stabilizes

The Bank of Canada (BoC) has made a significant move by cutting its key interest rate by 50 basis points, bringing the overnight rate down to 3.75%. This decision, announced on October 23, 2024, marks the central bank’s fourth consecutive rate cut since June.

The BoC’s aggressive rate cuts come as inflation has returned to target levels, providing the central bank with the confidence to ease monetary policy further. Governor Tiff Macklem emphasized that the rate cut aims to support economic growth and ensure that inflation remains within the desired range.

Economists had widely anticipated this move, given the recent trends in economic data and the central bank’s commitment to maintaining price stability. The BoC’s decision reflects its proactive approach to managing the economy amid global uncertainties and domestic challenges.

With this latest rate cut, the Bank of Canada continues to navigate the delicate balance between fostering economic growth and keeping inflation in check. The central bank’s actions will be closely watched as they impact borrowing costs, consumer spending, and overall economic activity in the coming months.


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