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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Russian army announces new Donbass gains

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EU extends tariff-free trade with Ukraine  

The European Parliament has extended the suspension of all tariffs and quotas on Ukrainian agricultural food imports to the EU until June 2025, it announced on Wednesday. The decision is in line with a European Commission proposal in January to remove tariffs on Ukrainian farm produce until June 2025 with an “emergency brake” for poultry,…

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