Ukraine Has Decimated Its Oligarchs But Now Fears New Ones
Funding reconstruction of cities and the economy when the war eventually ends will hinge on progress rooting out the corruption and post-Soviet kleptocracy that created a billionaire class.
Funding reconstruction of cities and the economy when the war eventually ends will hinge on progress rooting out the corruption and post-Soviet kleptocracy that created a billionaire class.
A rebound in Swedish home prices unexpectedly gathered pace last month, casting doubt on most forecasters’ gloomy outlook for one of the world’s worst-hit housing markets.
Serbia will probably lift borrowing costs again to tackle persistent inflation, remaining the last country in eastern Europe to continue monetary tightening as the rest of the region has already halted interest-rate hikes.
Russian President Vladimir Putin said relations between the US and Russia are “experiencing a deep crisis,” as he sought to blame Washington for his invasion of neighboring Ukraine.
China’s services activity accelerated in March, a private survey showed, adding to expectations that stronger demand will bolster the economy’s recovery this year.
Donald Trump’s presidential campaign is trying to enlist donors who have supported Florida Governor Ron DeSantis, by presenting the former president’s rising poll numbers as an unstoppable force in the race for the US Republican nomination.
Allianz Global Investors is betting that a resurgence in demand for semiconductors in the second half of 2023 will drive a long-anticipated revival of the global chip sector.
India’s rates traders are on the fence about a quarter-point rate hike on Thursday, even though a majority of economists are predicting one.
US House Speaker Kevin McCarthy emerged from a meeting Wednesday with Taiwan’s President Tsai Ing-wen stressing the importance of the relationship between the two sides to economic freedom, peace and stability in the region.
Macau casinos have been forced to close off thousands of hotel rooms and cut back on guest services like housekeeping, as a labor shortage leaves the gambling hub struggling to cater to a surge of tourists from a newly-reopened China.