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China deflation pressure mounts as investors seek more stimulus for economy

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China deflation pressure mounts as investors seek more stimulus for economy

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China’s deflationary pressures picked up in September with weaker than expected consumer and factory prices, underlining calls for Beijing to deliver a bigger package of measures to lift the economy.

The softer data comes as China’s volatile markets await more detailed information on Beijing’s stimulus plans, after a Ministry of Finance press conference on Saturday that pledged more spending but gave few new figures.

China’s consumer prices index was up 0.4 per cent year on year in September, the National Bureau of Statistics said on Sunday, weaker than a Bloomberg poll of analysts that forecast a 0.6 per cent gain and down from 0.6 per cent in August.

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The producer prices index fell 2.8 per cent year on year, compared with analysts’ forecasts of a decline of 2.6 per cent. The fall accelerated from 1.8 per cent in August and was the steepest decline in six months.

Goldman Sachs said consumer inflation was supported by rising prices for food, which were affected by adverse weather conditions and seasonal demand before the Golden Week holiday that started on October 1.

The weak inflation readings highlight how China’s economy is suffering from deflationary pressures stemming from a deep property crisis that has hit household demand.

They come ahead of government data scheduled to be released this week that is expected to paint a picture of a two-speed economy, with strong trade numbers set to be offset by weak third-quarter gross domestic product figures on Friday.

Economists expect China’s third-quarter GDP to have grown by less than Beijing’s official target of 5 per cent year on year.

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Analysts cautioned that if growth slows further and China’s export engine begins to hit more roadblocks, such as protectionism from important trade partners, policymakers will have to take more action.

“If the two-speed model [can] not continue, policymakers [will] need to escalate policy stimulus,” said Larry Hu, economist with Macquarie, in a note.

After months of incremental measures, the central bank announced a more forceful monetary stimulus in late September ahead of the national holiday, sparking a rally in China’s long-moribund stock markets.

Investors are waiting for Beijing to detail extra fiscal spending plans to back up the monetary stimulus but have been disappointed by a lack of detail in subsequent government announcements.

Analysts said that while markets want the government to present a more determined front on stimulus, Beijing will try to avoid flooding the market with credit. Past stimulus efforts are blamed for creating a property market bubble.

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Attention is turning to the next leadership meeting of the National People’s Congress, China’s rubber-stamp parliament, which technically has to approve any additional spending plans. A meeting is expected in the coming weeks.

The statistics bureau said weaker producer prices were driven by the “ferrous” metal smelting and rolling industry, down by 11 per cent year on year, and the petrol, coal and other fuel processing industries, down 9.4 per cent. The factory price of consumer goods also fell by 1.3 per cent.

On consumer prices, the bureau said the price of “new energy cars” — electric vehicles — and cars with traditional engines fell by 6.9 per cent and 6.1 per cent respectively.

China’s automotive market is characterised by fierce competition and excess capacity, leading many producers to increase low-cost exports.

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Graham Platner makes it official in Maine, submitting paperwork to leave Senate race

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Graham Platner makes it official in Maine, submitting paperwork to leave Senate race

Now-former Democratic Senate candidate Graham Platner speaks at his primary election night event on June 9 in Blue Hill, Maine. Platner officially dropped out of the race July 10 following rape allegations from a former romantic partner that he denies.

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Graham Platner, Maine’s Democratic nominee for Senate, is officially out of the race.

The Maine Secretary of State said Platner filed the necessary paperwork to withdraw his candidacy two days after he announced he planned to do so following an accusation of rape by a former romantic partner. Platner denies the allegation.

The Maine Democratic Party has until July 27 to pick Platner’s replacement.

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In his withdrawal notice, Platner said “people are desperate for change” and that’s why they voted “for a new kind of politics” by making him the Democratic nominee. He expressed gratitude for those who supported his campaign and said that he will continue to fight for “the movement we have built together and the future we believe in.”

He ended his notice with a strong statement aligned with the progressive platform.

“F*ck ICE. Free Palestine. Up the Hearts.”

Platner announced his plan to withdraw from the race in an 11-minute video he posted to social media on July 8. He said he had no choice but to suspend his campaign, citing it was no longer viable financially.

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“We are going to lose our ability to fundraise. We are going to lose our ability to access voter data. We are going to lose all of the things that any campaign needs on the basic level simply to function,” he said.

Platner added that dropping out was not an admission of guilt. Rather, the decision, he said, is to keep the progressive movement in Maine alive to defeat Republican Sen. Susan Collins in November. Platner blamed the “political establishment” for his downfall and argued the goal was to force him out of the race.

“We built a campaign. We engaged in electoral politics. We motivated people. We banded together. We did it the way that we were told we are supposed to make change and we won. And now they are not going to let us have it. Not if it’s me,” he said.

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Waymo called the cops on teen riders, raising privacy concerns

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Waymo called the cops on teen riders, raising privacy concerns

A Waymo robotaxi drives in San Francisco’s North Beach neighborhood this week.

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Police in San Mateo, Calif., posted Monday on social media that they had apprehended a pair of teenagers from a Waymo driverless robotaxi after the company alerted authorities to suspected criminal activity. It’s the latest incident involving video surveillance of passengers and others by autonomous vehicles — raising questions about the limits of privacy in such vehicles.

The Facebook post by the San Mateo County Police said: “Parents do you know where your teens are? @waymo does!”

The 15-year-olds were allegedly drinking alcohol and shooting toy guns from the car, according to the police. They said Waymo’s systems detected behavior that then triggered a safety response, after which the company disabled the vehicle and contacted police.

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Waymo’s cars, equipped with an array of cameras, microphones and other sensors to monitor passengers and other nearby vehicles, are becoming more common in cities across the United States. Experts say the detention of the two teens in San Mateo highlights a potential — but not inevitable — trade-off between privacy and convenience. It also questions the extent to which companies similar to Waymo are required to hand over private data, including audio and video of passengers, in situations where a crime is suspected.

NPR reached out to Waymo, which is owned by Alphabet, the parent company of Google, for comment on the details of the San Mateo incident and how the company responded, but did not hear back. But on its website, the company says that as many as 29 cameras in its autonomous cars provide an all-around view and “are designed with high dynamic range and thermal stability, to see in both daylight and low-light conditions, and tackle more complex environments.”

“There already exist laws that govern duty to report or even duty to protect” for carriers such as Waymo, according to Alessandro Acquisti, a professor of information technology at the MIT Sloan School of Management. “The privacy problems arise when and if driverless carrier companies used such laws or ethical obligations as a pretext for blanket, indiscriminate accumulation of identifiable data for unspecified future purposes.”

That includes not just monitoring people inside the cars, but outside too. Take, for example, a hit-and-run investigation last year in Los Angeles. Media reported that the police inquiry was aided by video captured by a Waymo taxi that had a clear view of the crime. Critics suggested at the time that authorities were using the company’s vehicles as a mobile surveillance platform. And during 2025 protests in Los Angeles against Immigration and Customs Enforcement crackdowns, demonstrators vandalized Waymos, apparently angry that video recorded by the vehicles could be used by police, although there is no evidence that happened.

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Trump fires last members of election commission, inciting fears of midterm ‘chaos’

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Trump fires last members of election commission, inciting fears of midterm ‘chaos’

Donald Trump has terminated the remaining members of the independent, federal commission that assists election administration officials nationwide just a few months before the midterm elections, multiple outlets reported Thursday.

The remaining three commissioners of the four-member bipartisan commission ⁠were forced out on Thursday in different ways. The one Republican appointee resigned and the other ⁠two, Democratic appointees were notified of their terminations via email from ​the White House presidential personnel office.

“On ‌behalf of President ‌Donald J Trump, I am writing to inform you that your position ‌as Commissioner of the Election Assistance Commission is terminated, effective immediately. Thank you for your service,” the email, seen by Reuters, said.

The White House did not immediately respond to a request for comment.

The Election Assistance Commission serves as a “national clearinghouse of information on election ‌administration”, accredits testing laboratories and certifies voting systems, and maintains the national mail-voter registration form developed by the National ​Voter Registration Act of 1993, according to the commission’s website. The terminations follow Trump and top administration officials’ advocacy to change vote-by-mail requirements and investigations into the 2020 election outcome, which Trump lost to Democrat Joe Biden.

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“It is ⁠irresponsible and dangerous that this Administration remains dead set on ​causing chaos for ​our election officials across this ​country,” Arizona secretary of state Adrian Fontes said in a ​Thursday statement. “This ‌move undermines the integrity ​of nonpartisan ​election administration.”

The 2002 law that established the commission, the Help America Vote Act, states the president can appoint replacements to the commission.

It is unclear how Trump will move ahead with the commission.

Reuters contributed reporting

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