Putin, who started the full-scale invasion of Ukraine in February 2022 and has suffered recent setbacks on battlefield, last week ordered the mobilization of 300,000 troops. The decision triggered sporadic protests throughout the country, amid fears the government will close the border for draft-aged men.
“The market is giving very strong signals that it is no longer willing to fund the UK’s external deficit position at the current configuration of UK real yields and exchange rate,” Saravelos wrote in a note, adding the view is his own, rather then the view of Deutsche Bank economists. “The policy response required to … Read more
For starters, China is now the biggest trading partner of the US, Japan and countries across Europe. An agreement without Beijing’s participation would likely be an ineffective deal and while the yuan is under pressure versus the dollar and the government there is leaning against weakness with its fixings, it’s far from distressed levels that … Read more
Here are key takeaways from the Federal Reserve’s interest-rate decision and economic projections on Wednesday: Fed raises its main rate 75 basis points, as anticipated, to a range of 3% to 3.25%, while new projections from officials show a median estimate of 4.4% at the end of 2022 and 4.6% at the end of 2023 … Read more
(Bloomberg) — A US visa program that attracted $37 billion in foreign investments since 2008 for projects including New York’s Hudson Yards and Trump Bay Street in Jersey City is making a comeback — and the queue of wealthy applicants from China to India is growing. The revived EB-5 program is poised to fund undertakings from a golf resort in … Read more
“What Ankara is doing is not pursuing alternatives to the West, but establishing balanced relations with all over the world,” Cagri Erhan, a professor of international relations who is also a member of the Turkish president’s security advisory board, said on Twitter. “It also aims to help the West to see more clearly who its … Read more