The Chinese government is said to have opened 54 overseas police stations in 21 countries. Two offices have been uncovered in the Netherlands alone. The Dutch foreign ministry has termed them illegal. Molly Gambhir tells you more.

Gravitas: Inside China's police stations overseas

The new XBB strain of the coronavirus has been detected in 17 countries with Hong Kong recording 140 cases of them. Is there a need for variant specific booster vaccines?

XBB strain detected in 17 countries: Is there a need for variant specific booster vaccines?

New research has found that cancer cases are rising globally - especially among the young.

Gravitas: Rising cases of cancer among the young

Here we bring you a quick round-up of all latest news, top headlines and international breakings from all across the globe, stay tuned with Gravitas for more!

Gravitas Global Headlines: Big move by new British Chancellor | Sweden's new Prime Minister

Gravitas Global Headlines: Russian missiles pound Ukraine | Trouble for Liz Truss

Gravitas Global Headlines: G7 to hold crisis talks | Germany to discuss US inflation act

According to the annual report published on September 29 by the World Intellectual Property Organization (WIPO), India has for the first time made notable advancements in the global innovation index rating, landing a spot in the top 40.

Global innovation index 2022: India climbs to 40th position

According to a report, China has opened illegal police stations worldwide. The move comes amid its quest to emerge as a global superpower. Watch this video to know about the role of these illegal police stations.

Has China opened illegal police stations worldwide amid its quest to emerge as a global superpower?

A report by Lancet has highlighted the failures in covid-19 response and expert group has criticised WHO for acting too slowly. What lessons can be learned in case we face another outbreak?

Lancet report highlights failures in covid-19 response; concerns remain over new variants

The global inflation swords with Russia's energy supplies in limbo. European Central Bank or the ECB is set to raise its interest rates today. It is to fight inflation and take a major move to a record high.

Price pressures continue to outpace pessimistic forecasts

Gravitas Global Headlines: Japan, Israel ink new deal | Germany Inflation

75 years into Independence, the Indian IT industry has become a global powerhouse and has made the country a preferred destination for global investors.

India@75: A global IT powerhouse

Gravitas Global Headlines: China blocks bid to sanction terrorist; NK declares victory over COVID

Mexican president Andres Manuel Lopez Obrador has proposed that the peace commission should include Pope Francis, the UN secretary general Antonio Guterres and the Indian prime minister Narendra Modi while addressing the media in Mexico.

Mexican President proposes commission for global peace led by 3 leaders including Indian PM Modi

Recently conducted studies that focus on the Wuhan wet market as the origin of COVID-19 contradict the lab leak theory. Reports suggest 2 consecutive spillover events at the wet market.

Study: The COVID-19 virus originated from Wuhan wet market

In this segment of the Good Life, Indian designer Rahul Mishra tells how Indian fashion is now going global. Watch this report by Priyanka Sharma.

The Good Life: Indian fashion

Ukraine-Russia War has triggered a global food crisis. Russia slams Western sanctions, West blames Putin. Who is bearing the brunt? Developing countries. Watch how Food is used as a Weapon of War on WION Wideangle

WION Wideangle | Food: A weapon of war?

The covid-19 pandemic and the consequent border closures have left millions of people chained to their homes. The tourism sector has dealt a crushing blow but as countries start to ease covid-19 curbs, tourists have been flocking in record numbers to popular destinations to make up for lost time.

Global Tourism makes a slow comeback

A succession of weak data releases in Europe and the United States as global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession, as reported by Reuters.

The central bankers are doubling down on hawkish rhetoric. More is likely later on Wednesday when the heads of the European Central Bank, U.S. Federal Reserve and Bank of England speak at a central banking forum. 
Data on Tuesday showed U.S. consumer confidence dropped to a 16-month low in June, yet several Fed policymakers pledged further rapid interest-rate hikes, citing the need to tame “unbridled” inflation. Those U.S. figures, following a raft of dismal consumer confidence data across Europe, triggered steep Wall Street falls, sending the S&amp;P 500 and the Nasdaq indexes down 2% and 3% respectively.

That weaker momentum carried into Wednesday, sending an Asian ex-Japan index 1.4% lower, while a pan- European equity index eased 0.3%, snapping a three-day rally. U.S. and German 10-year bond yields slipped 5-6 basis points, the former down more than 30 bps from mid-June highs.

The consumer sentiment deterioration clearly points to a recession, Citi told clients. After 7.5%-7.9% annual inflation prints across German provinces, an 8% June reading is expected for the country later in the day, versus 7.9% in May.

As reported by Reuters, Paul O’Connor, head of Janus Henderson’s multi-asset team in London, predicted “stormy” markets as long as the growth- inflation question marks persisted.

Also Read:&nbsp;<a href="https://www.wionews.com/world/european-union-proposed-to-ban-the-use-of-flavoured-heated-tobacco-products-492990">European Union proposed to ban use of flavoured heated tobacco products</a>

“The problem is that the level of inflation is so problematic in so many parts of the world and we are a long way from central banks being able to declare the job is done,” O’Connor said.

“We will undoubtedly get growth downgrades over the summer but we will also get a rising perception of recession risk and I don’t think markets are fully priced for it,” he added.

While parts of the Chinese stock market, including property, extended gains on Wednesday, the positive impact of the news largely petered out - the Chinese blue-chip, which hit four-month highs on Tuesday, slumped 1.5% and Hong Kong lost 2%.

Wall Street futures flatlined.

(with inputs from agencies) 
&nbsp;

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A succession of weak data releases in Europe and the United States as global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession, as reported by Reuters.

A succession of weak data releases in Europe and the United States as global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession, as reported by Reuters. The central bankers are doubling down on hawkish rhetoric. More is likely later on Wednesday when the heads of the European Central Bank, U.S. Federal Reserve and Bank of England speak at a central banking forum. Data on Tuesday showed U.S. consumer confidence dropped to a 16-month low in June, yet several Fed policymakers pledged further rapid interest-rate hikes, citing the need to tame “unbridled” inflation. Those U.S. figures, following a raft of dismal consumer confidence data across Europe, triggered steep Wall Street falls, sending the S&P 500 and the Nasdaq indexes down 2% and 3% respectively. That weaker momentum carried into Wednesday, sending an Asian ex-Japan index 1.4% lower, while a pan- European equity index eased 0.3%, snapping a three-day rally. U.S. and German 10-year bond yields slipped 5-6 basis points, the former down more than 30 bps from mid-June highs. The consumer sentiment deterioration clearly points to a recession, Citi told clients. After 7.5%-7.9% annual inflation prints across German provinces, an 8% June reading is expected for the country later in the day, versus 7.9% in May. As reported by Reuters, Paul O’Connor, head of Janus Henderson’s multi-asset team in London, predicted “stormy” markets as long as the growth- inflation question marks persisted. Also Read: European Union proposed to ban use of flavoured heated tobacco products “The problem is that the level of inflation is so problematic in so many parts of the world and we are a long way from central banks being able to declare the job is done,” O’Connor said. “We will undoubtedly get growth downgrades over the summer but we will also get a rising perception of recession risk and I don’t think markets are fully priced for it,” he added. While parts of the Chinese stock market, including property, extended gains on Wednesday, the positive impact of the news largely petered out - the Chinese blue-chip, which hit four-month highs on Tuesday, slumped 1.5% and Hong Kong lost 2%. Wall Street futures flatlined. (with inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Global stock market slips as consumer confidence plummets

Gravitas Global Headlines: Taiwan conducts missile firing exercise; Climate change activists protest

Global M&A second quarter down to 25.5 percent. Interest rates hike U.S deal-making up to 40 percent. Boardrooms put expansion on hold, financing droughts mismatching.

Global M&A bracing deals for stock market hike

Worldwide recession fears are impacting all the major sectors in the world. Commodities including metals and mineral sector is also seeing developments including geopolitical ones.

Global commodities market: Growth in mineral, mining sector

Gravitas Global Headlines: Texas: Uvalde school to be demolished; Pakistan secures IMF deal

Covid cases are once again on the rise in the UK, Portugal, Israel and the United States. They are now witnessing surge in covid-19 cases and BA.4, BA.5 variant are responsible for the surge.

Covid cases surge in Europe: BA.4, BA.5 variant drive rise in cases

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