The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Tag: Economic Conditions and Trends
Your Friday Briefing: Russia’s Flagship Sinks
Plus Elon Musk’s bid for Twitter and Britain’s plan to resettle asylum seekers … in Rwanda.
Europe Reluctantly Readies Russian Oil Embargo
Officials are drafting a phased import ban on Russian oil products, but the measure won’t be floated until after the second round of the French elections at the earliest.
Your Wednesday Briefing: Putin’s defiance
The Russian leader spoke at length about his vision for the war.
Ukraine War Pushes Germans to Change. They Are Wavering.
In just six weeks since Chancellor Olaf Scholz announced a strategic shift for his country, already doubts are emerging about how real and deep it is.
Sri Lanka’s President Gotabaya Rajapaksa Faces Huge Protest
Gotabaya Rajapaksa is used to silencing and discrediting his political opponents. But that’s harder to do this time.
‘Cheap as Chips’ No Longer True in U.K. as Prices Soar for a Favorite Meal
The costs for fish and chips, a working-class staple in Britain for well over a century, have rocketed as the war in Ukraine has made the main ingredients scarcer. Of 10,000 shops, 3,000 may close.
Imran Khan Ousted as Pakistan’s Prime Minister
The country will now face early elections after days of brinkmanship in which Mr. Khan tried to dissolve Parliament to head off the no-confidence vote.
Treasury Aims for Economic Pain on Russia, but Critics Question Effectiveness
The Treasury Department’s deputy secretary, Wally Adeyemo, has been leading the effort to crack down on evasion and to coordinate with Europe.
‘La French Tech’ Arrives Under Macron, but Proves No Panacea
The president has brought innovation, jobs and growth. Still, resentments fester on the eve of the presidential election.