As Trump Out-Putins Putin, Russia’s Global Influence Erodes
The conflict in Iran may give Moscow a short-term boost economically and in Ukraine. But it has also shown the limits of Russia’s partnerships.
Budgets and Budgeting
China Bets on Technology to Resist U.S. Pressure
China announced a 7 percent increase in military spending and a five-year plan to try to reduce its military and industry’s reliance on Western technology.
Some Russians Go Without Heat or Power in Winter, as Energy System Falls Into Disrepair
A dozen major blackouts and central heating cutoffs across the country have affected hundreds of thousands during a brutal winter.
France Adopts a Budget After Months of Turmoil
Prime Minister Sébastien Lecornu’s budget, subjected to judicial review, paves the way for relative political stability.
U.N. Says It’s in Danger of Financial Collapse Because of Members’ Unpaid Dues
The world body warned it would run out of money by July and have to close its New York headquarters if countries, namely the United States, did not pay annual dues that amount to billions of dollars.
French Prime Minister Sébastien Lecornu Says He Will Pass Budget Without a Vote
Prime Minister Sébastien Lecornu’s effort to force the measure through Parliament opened up his government to a vote of no confidence.
Iran’s Currency Collapse Pushes Protesters to the Streets
High inflation and a currency collapse have squeezed Iranians’ budgets, challenging the country’s leaders.
With New E.U. Loan, Ukraine Avoids Budget Crunch and Can Plan War Effort
The loan will cover two-thirds of the country’s financial needs for the next two years. It also bolsters Ukraine’s position in ongoing peace talks.
Britain Is Preparing for Attacks on Its Soil. Critics Say It Must Move Faster.
As military officials sound the alarm over Russian hybrid attacks, the chair of Parliament’s defense committee said the government’s progress on ramping up home defense was “glacial.”
‘A Singularly Turbulent Time’: Deeper Uncertainty in Store for Global Economy
A reordering of the rules of trade, set on top of transformational change in technology, demographics and climate, is remaking jobs, politics and lives.