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Russian President Vladimir Putin tapped a civilian economist as his surprise new defense minister on Sunday in an attempt to gird Russia for economic war by trying to better utilize the defense budget and harness greater innovation to win in Ukraine.
Welcome to Your Week in Asia.
U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to three people familiar with the matter.
Relations between great powers and their neighbouring regions are often fraught. The cases of the United States and Latin America, or the European Union and North Africa, come to mind.
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday.
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there's a strong interest in microloans as cash-strapped Americans try to scrape by.
KUALA LUMPUR -- Malaysia is pushing to draw more venture capital investment from overseas as it accelerates its technology startup sector, the country's economy minister said in an interview.
LONDON — A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets on when the U.K. central bank will start to cut its benchmark rate.