China announced a 10 trillion yuan package over five years to address local government debt issues, with plans to expand deficit space next year. The program includes additional debt limits for local governments, special bond issuances, and aims to reduce hidden debt significantly by 2028. While the measures were seen as a positive shift in economic policy, they fell short of investor expectations for more direct fiscal support, leading to a decline in the iShares China Large-Cap ETF.
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Passengers Evacuate Burning Plane in Denver
Passengers on an American Airlines flight from Denver to Miami were evacuated after the pilot ordered them to leave due to a fire on board. Chaos ensued as passengers screamed and rushed to exit the plane, with one describing the panic and urgency to escape the burning aircraft. Want More Context? 🔎
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