A Russian Default Is Looming. A Bitter Fight Is Likely to Follow.
Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not seen since the Bolshevik Revolution more than a century ago and one Continue Reading
U.S., allies plan for long-term isolation of Russia
Nearly two months into Vladimir Putin’s brutal assault on Ukraine, the Biden administration and its European allies have begun planning for a far different world, in which they no longer Continue Reading
Russia’s Oil Industry Is Suffering As The West Shuns Its Crude
Russia’s economically critical oil industry is getting battered as Western buyers shun the country’s crude. Moscow is struggling to replace lost sales in the West with sales in emerging Asian Continue Reading
UK says Russia committed to compelling Ukraine to abandon its Euro-Atlantic orientation
Russia is committed to compelling Ukraine to abandon its Euro-Atlantic orientation and asserting its own regional dominance, even as Moscow’s operational focus has shifted to the east of its neighboring Continue Reading
More Chinese cities impose COVID curbs as Shanghai cases rise
Shanghai reported a record number of symptomatic COVID-19 cases on Saturday and other areas across China imposed restrictions as the country kept up its “dynamic clearance” approach that aims to Continue Reading
Nigeria Inflation Accelerates to Highest This Year at 15.9%
Nigerian inflation quickened in March to its highest in five months on rising food prices, fuel shortages and supply shocks caused by the war in Ukraine. Consumer prices rose 15.9% Continue Reading
India Is Stalling the W.H.O.’s Efforts to Make Global Covid Death Toll Public
The agency has calculated that 15 million people have died as a result of the pandemic, far more than earlier estimates, but has yet to release those numbers. A mass Continue Reading
Anti-virus shutdowns in China spread as infections rise
Anti-virus controls that have shut down some of China’s biggest cities and fueled public irritation are spreading as infections rise, hurting a weak economy and prompting warnings of possible global Continue Reading
Shanghai’s Lockdown Knocks Out E-Commerce, Leaving Group Buying and Bartering
As grocery delivery is thrown into disarray, one neighbor gets three oranges in return for lending out his cat One man in Shanghai said he worked out a deal for Continue Reading
Covid China: Elderly deaths contradict Shanghai figures
Viral videos show anger and desperation in Shanghai Dozens of elderly patients at a hospital in Shanghai have died after contracting Covid-19, but official government figures claim no deaths in Continue Reading