Russia Strikes Danube Port, Escalating Attacks on Ukraine Grain Routes
The assault, across the river from Romania, heightened the risk of a more direct confrontation with a NATO member and came on the same day that drones struck buildings in Moscow.
Economic Conditions and Trends
End of Nigerian Fuel Subsidy Fuels Crippling Inflation
In his first two months in office, President Bola Tinubu has ripped the Band-Aid off Nigeria’s ailing economy. Time will tell if it can heal, but for now, Nigerians are feeling the pain.
Russia Raises Interest Rates, Trying to Cool Wartime Economy
With the ruble weakening and the government spending ever more money on the war in Ukraine, Moscow took unexpectedly sharp action to curb inflation.
Britain’s By-elections: One Win and Two Defeats for the Tories
The governing Conservative Party lost in two electoral districts to Labour and the Liberal Democrats, but avoided defeat in Uxbridge and South Ruislip, Boris Johnson’s former seat in Parliament.
U.K. Inflation Rate Slows to 7.9 Percent
The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.
As Sunak Makes His Case to Britons, the Economy Could Undermine It
Britain’s Conservative government faces a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
The Economic Fallout From Extreme Heat Will Rise Over Time
Among the costs of very high temperatures: reduced labor productivity, damaged crops, higher mortality rates, trade disruption and dampened investment.
How a Vast Demographic Shift Will Reshape the World
The most powerful countries have benefited from large work forces for decades. What happens when they retire?
Biden Bets High-Level Diplomacy Can Cool Fiery Relations With China
President Biden hopes the diplomatic trips this summer by his aides lead to frank talks with Xi Jinping and other Chinese officials before the 2024 U.S. elections.
Janet Yellen’s Trip to China: No Breakthroughs But 10 Hours of Talks
Treasury Secretary Janet Yellen, after 10 hours of meetings with Chinese officials, said the two sides would pursue “more frequent communication” despite their deep differences.