China launches military drills around Taiwan

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US makes another China-irritating Taiwan move

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Major elevator maker quits Russia

The world’s largest elevator and escalator maker, US-based Otis, will sell its business in Russia, the company announced on Wednesday. The firm said that “supply chain disruptions and mounting regulations” caused by the “ongoing crisis in Eastern Europe” mean that its business in Russia “is no longer sustainable”, and the company has reached an agreement…

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