US Secretary of State Antony Blinken (L) and China’s Foreign Minister Qin Gang shake hands ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. Leah Millis | AFP | Getty Images U.S. Secretary of State Antony Blinken will warn China about its support for Russia’s military during his visit … Read more
The House of Representatives approved a $60.8 billion package of aid for the embattled country of Ukraine on Saturday, ending a monthslong attempt by Republicans to leverage the Ukraine money to extract concessions on border security from the White House. The overwhelmingly bipartisan vote, 311 to 112, was never in doubt even as the path … Read more
Former United States vice president Mike Pence says that he believes Russia will attack NATO if it overpowers Ukraine, emboldening other authoritarian regimes like China. He called on Republican and Democrat lawmakers to fund Ukraine’s defence as well as that of Israel and Taiwan. “If Vladimir Putin were able to overrun Ukraine… I think it … Read more
Six months after it began in earnest, the fight on Capitol Hill over whether to send more help for Ukraine defend itself against an unprovoked invasion by Russia may finally be nearing an end. House Speaker Mike Johnson (R-La.) on Wednesday unveiled a bill to provide $60.8 billion in military and economic assistance to the … Read more
Hot liquid metal flows from a blast furnace during the smelting process at the Evraz Consolidated West-Siberian Metallurgical Plant in Novokuznetsk, Russia, on July 22, 2020. Bloomberg | Bloomberg | Getty Images Russia’s economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. Russia is expected to … Read more
A water slide on Savannah, a 274-foot hybrid superyacht. Courtesy of Northrup & Johnson A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Superyachts sales took a dive in 2023, as long … Read more
Almost two years after the Reserve Bank of India announced new steps for rupee-settled global trades, Russian banking major Sberbank said it has seen an uptick in volumes for rupee-rouble payments for Moscow’s imports, with the lender focusing on drawing more foreign clients to the domestic market. “Sberbank offers its corporate clients a convenient way … Read more
Colonel General Oleksandr Syrskyi, commander-in-chief of Ukraine’s armed forces. Valentyn Ogirenko | Reuters Ukraine’s top military general warned Saturday that the battlefield situation in the east of the country, which continues to be the epicenter of the fiercest fighting in Ukraine, has deteriorated sharply. “The situation on the eastern front has significantly worsened in recent … Read more
China is backing Russia’s war effort in Ukraine by helping Moscow in its biggest military buildup since the Soviet era, providing drone and missile technology, satellite imagery and machine tools, senior U.S. officials said on Friday. However, the Chinese Embassy in the U.S. said it has not provided weaponry to any party, adding that it … Read more
Pressure is intensifying on the U.S. Congress to pass additional aid to Ukraine, with senior military leaders in Canada and the U.S. issuing stark warnings this week that Russia will overwhelm the Ukrainians unless ammunition starts flowing to Kyiv soon. The mounting pressure comes as Ukraine has passed a controversial law to expand military conscription … Read more
