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Developing countries owe billions to China, which threatens to undermine poverty reduction efforts and fuel instability, according to a new report from Australia's Lowy Institute.

At the Game Developers Conference in San Francisco, indie studios showed off ambitious games made by small development teams.

He says the deficit is partly due to broad economic uncertainty, including ever-changing federal tariff policies and a volatile stock market.

Asia markets followed Wall Street's gains after Trump announced a pause on higher global tariffs, but investors are still looking to Beijing for reaction.

The Federal Reserve held interest rates steady Wednesday. Members of the central bank's rate-setting committee also telegraphed their plans for possible rate cuts later this year.

BBC World Service

The BBC is the world’s most trusted international news broadcaster – committed to providing accurate, impartial, and independent news to audiences across the UK and around the world. The BBC World Service is the BBC’s international broadcaster, delivering a wide range of programmes and services on radio, TV, and digitally, globally.

It reaches a weekly audience of around 318 million people (BBC Global Audience Measure 2023) and is one of the UK’s most important cultural exports – informing and inspiring the lives of people across the globe, helping them make sense of the world we live in.

The BBC World Service operates in 42 languages, including English, and has the global insight and expertise to give audiences a truly international news service with BBC News journalists and supporting staff in 73 cities across 59 countries.

BBC World Service is funded primarily from the UK licence fee. In 2016 the UK Government awarded it a £291 million grant administered by UK’s Foreign, Commonwealth and Development Office (FCDO), for a four-year programme of modernisation. In 2021, the FCDO provided £94.4m to help the BBC World Service build on its work upholding global democratic values through accurate, impartial and independent news reporting. This included £8 million in additional investment to tackle disinformation and further improve the BBC’s digital offer to audiences. In 2023, the UK government awarded the BBC World Service a one-off grant of £20m over two years (2023/24 and 2024/25) to further support the language services.

What began as a misquoted Fox News interview led to a flood of false and misleading posts on X. Before it was corrected, stock markets rallied then plummeted again.

The Department of Health and Human Services is ending a $766 million contract with the vaccine company Moderna to develop an mRNA vaccine for flu strains with pandemic potential, including bird flu.

Sens. Adam Schiff and Ruben Gallego have asked for "an urgent inquiry" into whether President Trump or others engaged in insider trading on advanced knowledge of his tariff policy changes.

The Health Secretary's report blames environmental toxins, ultraprocessed foods and more for the poor state of kids' health in the U.S.