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On a wing and prayer: Garuda Indonesia has a heavy debt load.

Bankruptcy looms for Garuda, international routes no longer feasible

The last remaining commercial flight route operating between Australia and Indonesia is likely to be axed in the coming weeks.

  • 31 mins ago
  • Emma Connors
Life is relatively normal in Britain, except that more than 1 million people have COVID.

Britain’s NHS sounds COVID-19 alarm but government unmoved

A Boris Johnson lieutenant rules out going back into lockdown, but NHS bosses say it’s time to bring back masks, home-working, and limits on indoor events.

  • 33 mins ago
  • Hans van Leeuwen

China coal futures drop on threat of state intervention in crisis

Thermal coal futures trading on the Zhengzhou Commodity Exchange, which have hit record levels in recent weeks, fell the maximum 8 per cent for a second consecutive day on Wednesday.

  • Hudson Lockett and Primrose Riordan

Supply disruption to China gives hope to Australian beef exporters

China faces a beef shortage if restrictions remain on imports from Brazil and Argentina – which could be good news for Australian farmers.

  • Michael Smith

Musk to become a trillionaire, but not from Tesla, says Morgan Stanley

It will be Elon Musk’s space company, rather than his electric-car maker, that lifts his wealth into the stratosphere, according to one analyst.

  • Devon Pendleton

A robot server is helping human waiters earn more in tips

The $US1000-a-month cyborg carries plates at a Florida eatery, giving staff more time with customers, the owner said.

  • Kate Duffy

Opinion & Analysis

Honeymoon is over for China’s post-pandemic recovery

Growth in China’s industrial and real estate sectors is cooling, meaning long-term pain for Australia’s most valuable exports.

Michael Smith

China correspondent

Michael Smith

PNG is back on the brink of a delta variant disaster

Complacency and vaccine hesitancy at all levels of society have left PNG wide open to delta infection. The country needs outside help – and very quickly.

Jonathan Pryke and Brendan Crabb

Contributor

Supply chain lessons from Long Beach

One of the best things that we could do to avoid port pile-ups in the future is to ensure that no more than 25 per cent of any crucial supply be sourced from one place, or come into one port.

Rana Foroohar

Contributor

Rana Foroohar

Bond geopolitics cut China from the picture

Hollywood’s attitude toward Chinese power is a useful window into the US’s larger failure to see its great 21st-century rival clearly.

Ross Douthat

Contributor

From the Financial Times

Floods in the coal-producing province of Shanxi have added to China’s energy squeeze.

China coal futures drop on threat of state intervention in crisis

Thermal coal futures trading on the Zhengzhou Commodity Exchange, which have hit record levels in recent weeks, fell the maximum 8 per cent for a second consecutive day on Wednesday.

  • Hudson Lockett and Primrose Riordan

Powell, a statesman who influenced the course of the Iraq war

Colin Powell, 84, who died COVID-19 complications, rose from humble origins in Harlem to become the US Secretary of State during tumultuous times marked by war.

  • Jurek Martin and James Politi

Is the army of lockdown traders here to stay?

As lockdowns hit, a wave of people turned to day trading. But as the world enters post-lockdown life, the question confronting trading platforms is whether any of the surge in trading can outlast the coronavirus crisis.

  • Updated
  • Joshua Oliver and Madison Darbyshire
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Britain courts green investment to fuel carbon-cutting plans

Boris Johnson also announces how Britain plans to reach net-zero in politically challenging sectors such as household energy use.

  • Jill Lawless and Kelvin Chan

New COVID-19 wave builds in Europe’s unvaccinated regions

Wherever jab rates are low, the virus is on the march again – leading to overcrowded hospitals, new restrictions and more deaths.

  • Hans van Leeuwen

Couple sail to their wedding in giant cooking pot after floods

Frontline workers Akash and Aishwarya were determined not to let flash floods and landslides in India stop their wedding.

  • Jennifer Hassan

Yesterday

N Korea test fires submarine-launched ballistic missile

The launch came as the intelligence chiefs of the United States, South Korea and Japan were to meet in Seoul to discuss the stand-off with North Korea.

  • Josh Smith and Hyonhee Shin

Neighbourhood spies help police Uighurs in Xinjiang, report finds

A new report focuses on the role of village volunteers who it says are deployed to gather intelligence and granted police-like powers in China’s Xinjiang province.

  • Michael Smith
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New Zealand hits virus high, pushes vaccination as way out

Prime Minister Jacinda Ardern said lockdown rule-breakers were contributing to the spread of infections, and noted that many of the new cases were in younger people.

  • Updated
  • Nick Perry

Johnson calls on nations to harden climate goals

While the UK expects to welcome about 120 world leaders to Glasgow, it’s contending with some key no-shows.

  • Updated
  • Emily Ashton

Powell, a statesman who influenced the course of the Iraq war

Colin Powell, 84, who died COVID-19 complications, rose from humble origins in Harlem to become the US Secretary of State during tumultuous times marked by war.

  • Jurek Martin and James Politi

Is the army of lockdown traders here to stay?

As lockdowns hit, a wave of people turned to day trading. But as the world enters post-lockdown life, the question confronting trading platforms is whether any of the surge in trading can outlast the coronavirus crisis.

  • Updated
  • Joshua Oliver and Madison Darbyshire

US TV network ratings dive after prime years of Trump and trauma

After years of skyrocketing ratings, networks face a breathtaking fall back down to earth as the news cycle calms due to the end of Trump’s presidency and an easing pandemic.

  • Anna Nicolaou and Caitlin Gilbert

Britain logs ‘concerning’ number of COVID-19 cases

Experts call on the government to ramp up booster jabs and vaccination of children, as hospitalisations also start to climb.

  • Hans van Leeuwen

Russia breaks off ties with NATO in retaliation for spy row

Russia has closed the NATO office in Moscow as it reacts to the expulsion of Russian diplomats in Brussels.

  • Jim Heintz

Colin Powell dies from COVID-19 complications

The US Army general rose to become his country’s first black secretary of state and styled himself a ‘reluctant warrior’.

  • Patrick Oster

This Month

Auckland lockdown extended for at least two weeks

PM Jacinda Ardern said a vaccination target would provide the city, which has already been locked down for two months, a pathway out of restrictions.

  • Ainsley Thomson

Honeymoon is over for China’s post-pandemic recovery

Growth in China’s industrial and real estate sectors is cooling, meaning long-term pain for Australia’s most valuable exports.

  • Updated
  • Michael Smith
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Japan’s Kishida woos voters with Abenomics critique

Borrowing from the opposition’s policy playbook is a tactic the long-ruling LDP has often used with success.

  • Linda Sieg

China yields jump as easing bets fade

The yield on China’s 10-year bond rose as high as 3.02 per cent, crossing the 3 per cent level for the first time since early July.

  • Tania Chen

China’s rise prompts NATO to adjust its focus

Secretary-general Jens Stoltenberg reveals significant broadening of the Western alliance’s strategic objectives in response to the perceived threat from Beijing.

  • Roula Khalaf and Henry Foy

China growth slows as property, energy crises bite

China’s post-pandemic economic recovery has slowed sharply as concern about the Evergrande debt crisis and power shortages grow.

  • Updated
  • Michael Smith