A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.

Kristalina Georgieva said 2023 will be "tougher" than last year as the US, EU and China see their economies slow.

It comes as the war in Ukraine, rising prices, higher interest rates and the spread of Covid in China weigh on the global economy.

Taiwan said Saturday that China's military drills appear to simulate an attack on the self-ruled island, after multiple Chinese warships and aircraft crossed the median line of the Taiwan Strait following U.S. House Speaker Nancy Pelosi's visit to Taipei that infuriated Beijing.

Sales of previously owned homes in June fell 5.4% from May, according to a monthly report from the National Association of Realtors, as prices set records and rates surged.

We are not over with one corona virus variant and NDTV reports about a new corona virus from china. When this going to end I am not sure.

"The Chinese have created an entire high-speed rail network on an unprecedented scale -- often faster and certainly more reliable than Chinese domestic flights," says rail travel expert Mark Smith, better known as "The Man in Seat 61."

The US intelligence community has failed to reach any firm conclusion on the exact origin of COVID-19 and is split on whether it leaked from a lab in China or emerged in nature...

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