Comment on December Has Typically Been a Great Month for Stocks---Until Now

LONDON — Britain’s governing Conservative Party is suffering heavy losses as an array of election results pour in Friday, piling pressure on Prime Minister Rishi Sunak ahead of a U. K. general election in which the main opposition Labour Party appears increasingly likely to return to power after 14 years. [time-brightcove not-tgx=”true”] Labour won control of councils in England it hasn’t held for decades and was successful in a special by-election for Parliament that, if repeated in a general election in coming months, would lead to one of the Conservatives′ biggest-ever defeats. The only negative so far for Labour has been in some areas with large Muslim populations, such as Oldham in northwest England, where the party’s candidates appear to have suffered as a result of leader Keir Starmer ‘s strongly pro-Israel stance in the conflict in Gaza. Perhaps most important in the context of the looming general election, which has to take place by January but could come as soon as next month, Labour easily won back Blackpool South in the northwest of England that went Conservative in the last general election in 2019, when then-Prime Minister Boris Johnson won a big victory.

Desperate times call for desperate measures, and across Asia, communities are responding to an extreme and deadly heat wave, which has battered the region since last month and has left few options for residents and governments to cope, in creative and even superstitious ways. One city in the Philippines has rolled out free mobile showers, while in Vietnam, municipal authorities reportedly looked into the possibility of enlisting the help of a man who claimed he could pray for precipitation.

Secretary of Defense Lloyd Austin met Thursday with his counterparts from Australia, Japan and the Philippines as the U. S. deepens ties with an emerging regional group that Pentagon officials have privately nicknamed, the “Squad.” The quadrilateral grouping is one of a number of regional partnerships that Washington has used to push back against China’s assertiveness in Asia.

Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the U. S. presidential election, according to a study published Thursday by the nonprofit Brookings Institution. The report states that Russia is increasingly leveraging TikTok to disseminate Kremlin messages in both English and Spanish, with state-linked accounts posting far more frequently on the platform than they did two years ago. [time-brightcove not-tgx=”true”] Such accounts are also active on other social media platforms and have a larger presence on Telegram and X than on TikTok.

(WASHINGTON) — President Joe Biden has called Japan and India “xenophobic” countries that do not welcome immigrants, lumping the two with adversaries China and Russia as he tried to explain their economic circumstances and contrasted the four with the U. S. on immigration. The remarks, at a campaign fundraising event Wednesday evening, came just three weeks after the White House hosted Japanese Prime Minister Fumio Kishida for a lavish official visit, during which the two leaders celebrated what Biden called an “unbreakable alliance,” particularly on global security matters. [time-brightcove not-tgx=”true”] The White House welcomed Indian Prime Minister Narenda Modi for a state visit last summer. Japan is a critical U.