Headlines - Brussels plans sanctions on Chinese companies aiding Russia's war machine - Yellen warns of 'constitutional crisis' over US debt ceiling impasse - Labour to clamp down on foreign buyers of UK properties - Tech groups call for changes to EU data-sharing proposals
Overview - The European Union has proposed sanctions on Chinese companies for supporting Russia's war machine for the first time since the conflict in Ukraine began, in a development likely to increase tensions with Beijing. - U.S. Treasury secretary Janet Yellen has warned of a "constitutional crisis" that risks economic and financial catastrophe if Congress does not raise the federal debt limit, with the government in danger of running out of cash in the absence of new borrowing capacity. - A Labour government would increase the stamp duty paid by foreign buyers of UK property while also restricting the sale of new-build properties to overseas investors under plans being drawn up for the party's general election manifesto. - The chief executives of five leading EU tech groups have called for Brussels to amend proposed data-sharing legislation, saying the new rules would force them to give up trade secrets and hand a competitive advantage to China. (Compiled by Bengaluru newsroom)
