Major Western economies should expect a significant growth slowdown, according to investment firm PIMCO The US will “more likely than not” fall into recession within the next 12 months, Reuters reported on Thursday, citing Andrew Balls, CIO of US-based investment management firm PIMCO.

GOP Senator Josh Hawley has dubbed the video-sharing app “China’s backdoor into Americans’ lives” Republicans in the House and Senate have introduced legislation seeking to ban TikTok on all devices in the United States – as well as prohibit transactions with its Chinese parent company, ByteDance – claiming it represents a major national security threat.

The bloc’s criticism of Russia-China cooperation in the Arctic underlines its Cold War mentality, the Foreign Ministry said NATO’s claims that cooperation between Beijing and Moscow in the Arctic represents a ‘challenge’ signals that the alliance is still dwelling in the Cold War, Foreign Ministry spokesman Zhao Lijian said on Wednesday.