Ian Bremmer is the president of Eurasia Group and GZERO Media and author of "Us vs. Them: The Failure of Globalism."

The U.S.-China relationship is heading for more confrontation because there is too much at stake politically for President Joe Biden at home for him to look for a reset, and because Biden and, for that matter, pretty much the entire political spectrum in the U.S., has serious objections to China's vision of the way the world should be run.

MANILA -- Revolution Precrafted is a different kind of unicorn -- but then the startup scene in the Philippines has always been a bit different from the rest of Southeast Asia.

At a time when Singapore-based Grab Holdings and Indonesian rival Gojek were building digital empires spanning everything from ride-hailing to digital payments and more, Revolution and its founder, Robbie Antonio, were promising quick-to-build luxury homes.

Now, though, the company's billion-dollar valuation is being called into question, angry

NEW YORK (Reuters) -- Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.

All three major U.S. stock indexes notched solid gains, with the S&P 500 enjoying its biggest percentage gain in over a month. The Nasdaq, weighed by Tesla Inc, picked up the rear.

Meanwhile, cyclical shares, which stand to benefit most from economic revival, enjoyed the biggest gains.

Recent

TOKYO -- Seven-Eleven parent Seven & i Holdings faces growing pressure to spin off operations beyond its mainstay convenience store business after U.S. activist investor ValueAct Capital emerged as one of its leading shareholders.

ValueAct told investors in a Wednesday letter that the 7-Eleven business could be worth more than double what Seven & i is currently valued at if the parent focuses on the convenience store business, or if the business is spun off, Reuters reported. The fund now reportedly holds a more than 4% stake

YANGON/BANGKOK -- Myanmar's military on Feb. 1 detained State Counselor Aung San Suu Kyi and President Win Myint in the country's first coup since 1988, bringing an end to a decade of civilian rule.

The Suu Kyi-led National League for Democracy had won a landslide in a general election in November . But the military has claimed the election was marred by fraud.

For all our coverage, visit our Myanmar Coup page.

Read our in-depth coverage:

-- Suu

HONG KONG -- Fears are growing that a global economic revival and pandemic-induced fiscal stimulus measures will lead to surging inflation, casting a cloud over financial markets.

U.S. consumer prices in April rose at their highest level in more than a decade, according to data on Wednesday. It follows a sharper than expected jump in China's index of producer price inflation, which measures so-called "factory gate" prices.

Market expectations of future inflation are also rising. The five-year break-

YANGON/BANGKOK -- Myanmar's military on Feb. 1 detained State Counselor Aung San Suu Kyi and President Win Myint in the country's first coup since 1988, bringing an end to a decade of civilian rule.

The Suu Kyi-led National League for Democracy had won a landslide in a general election in November . But the military has claimed the election was marred by fraud.

For all our coverage, visit our Myanmar Coup page.

Read our in-depth coverage:

-- Suu

NEW DELHI -- Shurti sat in a chair outside the COVID-19 ward at New Delhi's Lok Nayak Jai Prakash Narayan Hospital, her face haggard and lifeless.

"We are short on resources like oxygen. Had we been prepared for this, perhaps a lot of lives would have been saved and the hospital staff would not have been stretched thin like it is now," she said.

Over the last few weeks the 29-year-old nurse, who declined to give her full name,

BANGKOK -- The coronavirus pandemic has warped the world's idea of distance. A bridge of just 1 kilometer separates Singapore and Malaysia but the distance may as well be a light year, as both countries have closed their borders since March 2020.

But from May 17, travel between the two countries will be allowed for family funerals and visits to the seriously ill. Why are they moving forward at a time when infections are again rising in Malaysia?

The answer is that both countries depend on cross