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Why Fed rate hikes used to cause the classic emerging-market crisis but now seem to boomerang on the US

Once at the mercy of Fed policy, much of the world is now resistant to the interest-rate turmoil that always starts in Washington For decades, the prospect of higher US interest rates struck terror in the hearts of anyone whose fortune or fate was tied to emerging markets. As certain as night follows day, tightening…

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US announces new Russia sanctions, its longest blacklist to date

The list of individuals and entities includes executives, officials, and people allegedly involved in the jailing of Alexey Navalny The US has sanctioned another 500 people and entities connected with Russia, including financial executives and prison officials. US President Joe Biden said that the restrictions will ensure that Russian President Vladimir Putin “pays an even…

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China lashes out at ‘agent of trouble’ NATO

The conflict in Ukraine is closely related to the bloc’s eastward expansion, Beijing’s UN envoy has said NATO should cease its “saber-rattling” and start promoting global peace, Chinese envoy Zhang Jun has said at a UN Security Council meeting dedicated to the second anniversary of the conflict in Ukraine.

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