Sparking Alarm.

Is arthritis avoidable?

1. Indian Prime Minister Narendra Modi said ties between New Delhi and Washington are stronger and deeper than ever as India moves to secure what he sees as its rightful place on the world stage at a moment of geopolitical turmoil. “There is an unprecedented trust” between the leaders of the U.S. and India, Modi said in an interview ahead of his first official state visit to Washington after nine years in office. He hailed growing defense cooperation between the two countries as “an important pillar of our partnership,” which he said extends to trade, technology and energy. (Source: wsj.com)

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2. Chinese homeowners are losing conviction in their decades-long belief that property is a reliable store of wealth, undermining even coveted markets like Shanghai and adding pressure on authorities to find new sources of economic growth. Asking prices in the financial hub have slumped for three straight months, falling to the lowest level since before China emerged from Covid lockdowns at the end of last year, according to data compiled by Centaline Group. Despite surging inventory, transactions in the city tanked by one third to about 16,000 units in May compared with March, the Economic Observer reported this month. Interviews with homeowners, real estate agents and analysts suggest the downturn has been fueled by waning faith that property will always be one of China’s safest investments. (Source: bloomberg.com)