Washington’s policies toward Beijing have been cited as one of the main reasons Chinese businesses have been slashing their investments in the US in the face of worsening bilateral relations and challenging business conditions, the Financial Times reported on Tuesday, citing data from the Rhodium Group think tank.

Sanctions designed to hurt Moscow are destroying the global economy, the foreign minister says EU businesses have lost at least €250 billion ($266.6 billion) due to the sweeping sanctions imposed on Moscow, Russian Foreign Minister Sergey Lavrov stated on Wednesday.

Two students are believed to have taken a teacher hostage, and police have entered the building, according to media reports Tactical police teams have entered a school in the Germany city of Hamburg after reports of two students, one of whom is believed to be armed, taking a teacher hostage.