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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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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Court rejects Russian Olympic appeal

The country’s participation has been suspended since it took athletes from former Ukrainian territories under its wing The Court of Arbitration for Sport (CAS) has rejected Russia’s appeal against a decision by the International Olympic Committee (IOC) to suspend its membership over the Ukraine conflict.

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