Global confusion.

In Europe, "Consumer prices rose 2.6% from a year ago, up from 2.4% in April, according to Eurostat." "Britain's richest households are experiencing higher rates of inflation than poorer segments of society because of high mortgage costs and rapid price increases in restaurants and hotels." "Companies transporting goods from Asia face costs of as much as $10,000 for an urgent full-size shipping container over the next month - about double current rates." ET. Standard & Poor (S&P) "cut France's long-term sovereign debt rating...to 'AA-' from 'AA', citing expectations that higher than expected deficits would push up debt in the euro zone's second biggest economy." Analysts said that the "downgrade could push the spread between French and German benchmark bonds by 3-5 basis points (bps)." That would have a minor economic impact but could add pressure on President Emmanuel Macron to rein in the fiscal deficit. Reuters. In China, "When Ou Yangyun traveled to the Chinese city of Zhengzhou in February to demand recompense after his bank account containing tens of thousands of dollars was frozen, his family expected him to be home two days later" but "The small-business owner from Changsha never returned." Instead. the protesters were arrested, served mouldy food and deprived of sleep. Most were released after a few days but "Ou and two other defrauded depositors are still being held by Zhengzhou police." Reuters. "Lawyers across China are up in arms over what they say is 'blatant sabotage' of the legal system" "after advocates at the Tianjun county court in Haixi Mongol caught the presiding judge red-handed receiving real-time instructions on WeChat group." WION. Must have been a case between individuals or else they would be eating mouldy bread in prison. "China's leaders are 'bizarrely unwilling' to use more government spending to support consumer demand instead of production, according to Nobel Laureate in economics Paul Krugman." "The comments came amid renewed concern in the US and Europe over what is viewed as Chinese overproduction and the dumping of heavily subsidized products overseas." ET. "Philippine President Ferdinand Marcos Jr has warned China not to cross a red line in the South China Sea, where a standoff between the countries continues to escalate. BBC. China believes in 'wolf-warrior diplomacy' (wikipedia), a bare-knuckle fight  instead of polite civilized conversation. So, "China has launched an anti-dumping probe into imports of a widely used plastic from the US, EU, Taiwan and Japan." "Less than a week ago, Washington sharply increased tariffs on Chinese goods including electric vehicles (EVs), solar panels and computer chips.The new US moves also expanded on sweeping border taxes that were imposed on Chinese goods under the Trump administration." BBC. Can the US and EU control inflation while increasing tariffs on imports? Can the Chinese Communist Party fight its citizens and other nations at the same time? Do all of them know what they are doing? Fortunately, it doesn't matter to us in India. Our economy is growing 8.2% (ET) by itself.