Today, Beijing is a superpower, but it only has to look over its northern border for a cautionary tale The events of the late 1980s and early 1990s had a major impact not only on the development of Russia and China, but also on the dialogue between the two countries. Moscow and Beijing abandoned decades…
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US household wealth has fallen by at least $5 trillion so far this year amid an intense market selloff, according to a JPMorgan Chase note seen by Bloomberg. The losses could amount to $9 trillion by year-end, it estimated.
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People mobilized for military service should be offered payment holidays on loans, the regulator says The Bank of Russia (CBR) recommended on Wednesday that banks and microfinance providers grant payment holidays on loans to military reservists called up under President Vladimir Putin’s decree on partial mobilization.
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