The US Treasury said it would halt Russia’s ability to make debt payments in dollars through US banks as world leaders sought to punish Moscow for the apparent mass killings of unarmed civilians in Ukraine. Emmanuel Macron urged a ban on Russian oil and coal imports while Joe Biden called for a war crimes trial
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The US Treasury said it would halt Russia’s ability to make debt payments in dollars through American banks, bringing Moscow a step closer to a possible default on its obligations to international investors. The move by US authorities threatens to bring an end to a period since the invasion of Ukraine nearly six weeks ago
After I moved to Ireland last year, I came across a captivating book of historical photographs of the country that became a publishing sensation in 2020. The images had been touched up in colour, bringing them to life so they feel almost contemporary. The latest official census, taken last weekend, similarly aims to let the future
Juan, an evangelical pastor in San Salvador, was running an errand on a Saturday afternoon last month when he came across familiar yellow police tape blocking the road not far from his church. A young man had been murdered. “The worry that came to my mind was, will I make it home today, will I
Pension — or property? As the cost of living increases, it’s getting harder for younger workers to achieve one of these financial goals — let alone both. In this week’s episode of the Money Clinic podcast, presenter Claer Barrett meets 28-year-old Ashley, who works in the tech industry and dreams of owning his own home.
The author is emeritus professor in the history of international relations at the University of Cambridge Just a few weeks before Vladimir Putin launched what he intended as a two-day Blitzkrieg in Ukraine, taking by surprise even some of his inner circle, he met Xi Jinping for a summit in Beijing. It appeared to the
Evergrande has agreed to pay the advisory fees of a group of international bondholders in the heavily indebted company after they warned of potential legal action against the Chinese developer. The agreement is with a bondholder group advised by law firm Kirkland & Ellis and investment bank Moelis & Company, according to two people familiar
The writer is chief economist of G+ Economics Central banks have made heroic efforts to achieve a rhetoric of normality in bringing rates up from emergency lows. But this comes in a world still gripped by the Covid pandemic, while coping with a war in Europe and dislocated commodity markets. This is a Herculean task, beyond
The decarbonisation of the global economy is at risk unless greater amounts of capital are directed towards the mining industry, the UK’s biggest fund manager has warned. At current levels of investment Legal & General Investment Management reckons the world will not be able to achieve the “huge increase” in supply of industrial metals needed