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New York and Hong Kong face housing crises driven by restrictive policies. NYC's rent-stabilization laws lead to vacant apartments and maintenance issues, while HK's proposed scheme to restart tenant purchases aims to address affordability but faces management and equity concerns. Both stories highlight policy failures and potential consequences.
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The IMF plans to merge its climate, development, inclusion, and gender units into its macro-financial division, signaling a shift away from its previous focus on climate change and gender issues. The move follows criticism from US critics and internal debates about the organization's priorities. The change will be formalized at October's fall meetings.
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As of September 19, 2025, US President Donald Trump and Chinese President Xi Jinping held a phone call discussing a TikTok ownership deal amid ongoing trade talks in Madrid. While Trump described progress on TikTok and other issues, details remain unclear and the transfer of TikTok to US control is not finalized. A face-to-face summit is expected at the Asia-Pacific Economic Cooperation summit in late October.
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Recent weeks have seen multiple aviation incidents, including turbulence injuries on a Delta flight, toxic cabin fumes linked to engine oil leaks, and ongoing French air traffic controller strikes. These events highlight persistent safety concerns and labor disputes affecting the industry globally.
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Multiple statues depicting Donald Trump and Jeffrey Epstein have appeared on the National Mall, sparking debate. The artworks portray the two men holding hands, with plaques referencing alleged friendship and controversial letters. The statues were removed after failing to comply with permits, amid ongoing scrutiny of Trump's past associations and handling of Epstein files.
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British Airways and other carriers are expanding in-flight Wi-Fi using Starlink satellites. BA will equip over 500 aircraft with low-lag internet, enhancing passenger experience. The move is part of a broader industry shift towards long-haul narrowbody flights and premium cabins, with industry-wide adoption expected to grow.
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Rivian announced a 4.5% workforce reduction, affecting over 600 employees, as it prepares to launch its affordable R2 SUV. The layoffs follow recent restructuring and are linked to market pressures, including the end of US EV tax credits and production plans for mass-market vehicles.
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President Trump announced plans to lower tariffs on Chinese goods, including fentanyl-related imports, amid ongoing negotiations with China. He aims to address the fentanyl crisis by encouraging China to curb exports, with a potential tariff reduction from 20% to 10%. The meeting with Xi Jinping is scheduled for Thursday at the APEC summit in South Korea.