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Energy, chips and Taiwan: Probable 2023 flashpoints in a fractured world

With a hot war raging in Europe and a cold one escalating between the US and China, the rest of the world is under pressure to pick sides. Political leaders are imposing new economic priorities, as they battle to avert shortfalls of vital commodities—from natural gas to semiconductors—and use the ones they control as leverage. For the titans of commerce gathering in Davos this week, all of this marks a shift away from the era of ever-closer global ties, when big business thought it had succeeded in making the world flat. Now it’s in for a bumpier ride.

Japan looks beyond US alliance for help to deter China military

Japan’s alliance with Washington—complete with its “nuclear umbrella”—remains the cornerstone of its strategy, and US President Joe Biden endorsed the country’s more robust security strategy in a meeting with Kishida at the White House on Friday. Yet Japan’s deepening unease about the dangers in its neighborhood has prompted a fresh push to build a bulwark of other partnerships.

68 dead, 4 missing after plane crashes in Nepal resort town

POKHARA, Nepal—A plane making a 27-minute flight to a Nepal tourist town crashed into a gorge Sunday while attempting to land at a newly opened airport, killing at least 68 of the 72 people aboard. At least one witness reported hearing cries for help from within the fiery wreck, the country’s deadliest airplane accident in three decades.