May 22, 2023: McCarthy to meet for debt ceiling talks, Ukraine and Russia, Meta, China, G7

Five stories you need to know today: Biden, McCarthy to meet on debt ceiling after positive phone call, Ukraine advancing around Bakhmut, Meta fined, China-U.S. relations, Chinese newspaper characterizes G7 as an anti-China gathering.

1. U.S. President Biden and House Republican Speaker Kevin McCarthy will meet to discuss the U.S. debt ceiling a day after the two leaders held a phone call that both sides described as positive.

2. Ukraine says its forces are still advancing around Bakhmut, aiming to encircle the ruined eastern city after Moscow congratulated Wagner forces and Russian troops for capturing it.

3. Meta is hit with a record $1.3 billion fine by its lead EU privacy regulator over its handling of user information and given five months to stop transferring users’ data to the United States.

4. China’s foreign ministry urges the U.S. to bring bilateral relations back on track in response to Biden suggesting that a shift in U.S.-China relations could occur soon.

5. State-backed Chinese mouthpiece Global Times calls the G7 an ‘anti-China workshop’ a day after Beijing summoned Japan’s envoy and berated Britain in a fiery response to statements issued at the group’s summit in Hiroshima.

#g7

#russia

#ukraine

#zelensky

#bakhmut

#debtceiling

#wagner

#kevinmccarthy

#morningnews

#headlines

#xijingping

#china

#biden

#meta

#politics

#businessnews

#News

#reuters

#newsfeed

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