Russia Remade Its Economy for War, but It’s Come at a Huge Cost
About half of the country’s federal budget goes toward the fight in Ukraine, money that does little to support its long-term development.
Foreign Investments
The Looming Taiwan Chip Disaster That Silicon Valley Has Long Ignored
If China invades Taiwan and cuts off its chip exports to American companies, the tech industry and the U.S. economy would be crippled.
Supreme Court Considers Fate of Docks and Other Assets Seized by Cuba in 1960
Amid rising tensions with Cuba, the Trump administration is backing lawsuits that would allow Americans to get compensation for property confiscated by Fidel Castro’s regime.
Prices Jump as Venezuelans Abroad Consider Buying Property Back Home
Nicolás Maduro’s capture and talk of oil investment have pushed prices higher, even as brokers say enthusiasm is outpacing demand in a weak economy.
Top U.S. Energy Official Presses Venezuela to Do More to Spur Investment
Energy Secretary Chris Wright is one of the highest ranking American officials to visit Venezuela in nearly 30 years, marking warmer ties between Washington and Caracas.
Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector
Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
Hillary Clinton and Tucker Carlson Speak at Saudi Business Forum
The Democrat and the hard-right commentator found at least one thing to agree upon as they spoke at a conference in Riyadh.
Trump Vows Higher Tariffs for South Korea Months After Trade Deal
President Trump said Seoul was not moving fast enough to implement the agreement, which calls for South Korea to invest billions in the United States.
Islamic State Claims Deadly Attack on Chinese Restaurant in Afghanistan
A bombing that killed seven people and injured a dozen more at a noodle restaurant in a busy area of Kabul is likely to heighten China’s growing security concerns in Afghanistan.
I.M.F. Raises Forecast for Global Growth as Tariff Drag Fades
The 3.3 percent rate for 2026 would match last year’s pace. Booming investment in artificial intelligence is buttressing global output.