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Tag: Developing Economies

  • Trump Declares That Airspace Around Venezuela Should Be Considered Closed

    President Trump on Saturday said that the airspace surrounding Venezuela should be considered closed, ratcheting up tensions with the Maduro regime and offering yet another sign that he is considering striking targets on land. 

    “To all Airlines, Pilots, Drug Dealers, and Human Traffickers, please consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY,” Trump posted on Saturday morning. 

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    Shelby Holliday

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  • Why Russia and China Are Sitting Out Venezuela’s Clash With Trump

    For two decades, Venezuela cultivated anti-American allies across the globe, from Russia and China to Cuba and Iran, in the hope of forming a new world order that could stand up to Washington.

    It isn’t working.

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    Kejal Vyas

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  • Make Money Not War: Trump’s Real Plan for Peace in Ukraine

    Three powerful businessmen—two Americans and a Russian—hunched over a laptop in Miami Beach last month, ostensibly to draw up a plan to end Russia’s long and deadly war with Ukraine.

    But the full scope of their project went much further, according to people familiar with the talks. They were privately charting a path to bring Russia’s $2 trillion economy in from the cold—with American businesses first in line to beat European competitors to the dividends. 

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    Drew Hinshaw

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  • Trump to Pardon Honduran Ex-President Serving 45-Year Drug Sentence

    Planned pardon of Hernández, convicted for cocaine trafficking, comes before the country’s election.

    José de Córdoba

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  • Opinion | Ukraine Corruption and U.S. Interests

    Another corruption scandal is roiling Ukraine, and there’s no denying corruption exists there as it does in most of the former Soviet states. The question is whether this should override U.S. strategic interests in supporting Ukraine, especially if there are reasonable safeguards against the theft of U.S. assistance.

    President Volodymr Zelensky’s chief of staff, Andriy Yermak, resigned Friday after corruption authorities conducted a search at his home.. He said in a Telegram post he is cooperating with investigators, but his resignation comes as the Kremlin and Trump Administration are raising the pressure on Ukraine to cede territory to Russia. Mr. Yermak has been Ukraine’s toughest negotiator in peace talks, holding out against bad ideas.

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    The Editorial Board

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  • Mystery Blasts Rock Russia-Linked Oil Tankers Off Turkey’s Coast

    Explosions rocked two tankers sanctioned for carrying Russian oil, the latest in a spate of blasts on such vessels, sparking a rescue operation off Turkey’s Black Sea coast.

    The 900-foot Kairos was en route from Egypt to Russia when it suffered a blast and caught fire, according to Turkish authorities. Emergency response vessels managed to evacuate its 25 crew members. Meanwhile, the 820-foot Virat began spewing heavy smoke from its engine room after being hit at a point farther east along the coast. The 20 personnel on board were in good condition, authorities said.

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    Georgi Kantchev

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  • New Peace Push Offers Clues to Fundamental Question: What Does Putin Want? 

    A 28-point plan and President Vladimir Putin’s response to it have offered some of the best clues yet to a fundamental question bedeviling peace talks: What does the Russian leader want?

    The plan, which has been revised since it was leaked last week, drew pushback from Ukraine and its supporters in Congress and Europe for hewing to Moscow’s uncompromising vision for a postwar settlement. Still, Putin has shown little interest in signing it.

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    [ad_2] Matthew Luxmoore
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  • Zelensky’s Top Aide Resigns as Corruption Probe Deepens

    The departure of Ukraine’s top negotiator—the president’s right-hand man Andriy Yermak—comes at a pivotal moment for the country.

    Ian Lovett

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  • Europe Fears It Can’t Catch Up in Great Power Competition

    BRUSSELS—In the accelerating contest between great powers, Europe is struggling to keep up. 

    The continent’s leaders have long worried they will be left behind as the U.S., China and Russia vie for economic, technological and military dominance. 

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    Laurence Norman

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  • Trump Is Silent on Taiwan After Talking to Xi—and That Is Fine With Taipei

    Taiwan is making the most of the U.S.’s policy of “strategic ambiguity,” even as President Trump’s stance raises concern for some in Taipei.

    Joyu Wang

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  • ‘Deliver or Die’: Inside the Drug-Boat Crews Ferrying Cocaine to the U.S.

    CALI, Colombia—They see themselves as the cowboys of the drug trade, highly experienced crews that ferry narcotics on small boats across the open seas, running on a mix of bravado, skill and dreams of a massive payday.

    Now, designated as terrorists by the Trump administration, they face not only the perils of a capricious sea but the new danger of getting blown out of the water by the U.S. military. The trade’s unofficial motto—“deliver or die”—has never rung so true.

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    Juan Forero

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  • Exclusive | Iranian Funds for Hezbollah Are Flowing Through Dubai

    Iran has sent the Lebanese militia Hezbollah hundreds of millions of dollars over the past year via money exchanges and other businesses in Dubai, as Tehran seeks new ways to funnel money to its ally, people familiar with the matter said.

    Hezbollah, a U.S.-designated terrorist group, is in desperate need of funds to rebuild and rearm its militia and pay other costs stemming from its bruising fight with Israel last year, the people said. Its smuggling routes through Syria were disrupted by the fall of the Iran-aligned Assad regime a year ago, and Lebanese authorities have made strides cracking down on couriers bringing suitcases of cash through the Beirut airport.

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    Dov Lieber

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  • The Deadly Mix of Factors That Made a Hong Kong High-Rise Fire so Devastating

    The fire spread at an astonishing pace.

    It started Wednesday afternoon. When Ho Wai-ho and his fellow firefighters arrived at the scene about 10 minutes later, the blaze was already racing up the green netting and bamboo scaffolding covering the 31-story high rise.

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    Yang Jie

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  • Where Trump Sees Deals, Russia and China See a Chance to Disrupt U.S. Alliances

    U.S. adversaries are using President Trump’s eagerness to strike deals as a chance to drive a wedge between the U.S. and its allies and undermine the Washington-led security order that has for years held them in check.

    In Europe, Russia is seeking to exploit Trump’s desire to halt the war in Ukraine and strike business deals with Moscow by shaping a peace plan that meets many of its strategic objectives, including winning chunks of Ukrainian territory and closing off any hope Kyiv had of joining NATO.

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    Jason Douglas

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  • Vanke’s Bid to Delay Bond Payment Sparks Selloff in Chinese Developers

    China Vanke’s 000002 -5.60%decrease; red down pointing triangle proposal to delay repayment of an onshore bond led to trading halts in three other local notes and triggered a selloff in shares of Chinese property developers, ratcheting up fears about the country’s drawn-out real estate crisis.

    Vanke, one of China’s biggest real-estate companies, was once regarded as one of the country’s most solid developers. It is among the few major Chinese developers that have yet to default amid the country’s massive property bust.

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    Jiahui Huang

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  • Pope Leo Heads to Turkey and Lebanon for His First Foreign Trip

    ISTANBUL—After a low-profile start to his pontificate, Pope Leo XIV is stepping into the limelight.

    The first American pope begins his first foreign trip on Thursday, touring Turkey and Lebanon. It is a chance for him to set out his spiritual and geopolitical vision after six months as pontiff, notable for its relative quiet after years of turbulence in the Catholic Church.

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    Margherita Stancati

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  • The JD Vance Classmate Emerging as a Key Player in Talks to End the Ukraine War

    When President Trump decided to send Pentagon representatives to Ukraine in an attempt to resuscitate stalled peace talks, he turned to an unexpected source: Army Secretary Dan Driscoll.

    Driscoll, a friend and former law-school classmate of Vice President JD Vance, vaulted to a new diplomatic role last week when he delivered to Ukrainian President Volodymyr Zelensky a U.S.-led proposal to end the war. On Monday, he traveled to Abu Dhabi to meet with a Russian delegation and with the Ukrainian officials again, clinching a promise that Kyiv would sign a peace deal Trump has sought since the campaign trail. Russia hasn’t signed off on the plan.

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    [ad_2] Lara Seligman,
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  • Exclusive | Trump, After Call With China’s Xi, Told Tokyo to Lower the Volume on Taiwan

    Chinese leader Xi Jinping was angry, and President Trump was listening.

    Days after Japanese Prime Minister Sanae Takaichi outraged China by suggesting a Chinese attack on Taiwan could mobilize a Tokyo military response, Xi spent half of an hourlong phone call with Trump, people briefed on the matter said, hammering home China’s historic claim to the democratic self-governing island as well as Washington and Beijing’s joint responsibility to manage the world order.

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    [ad_2] Lingling Wei
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  • Three Arrested in Hong Kong Housing Fire That Killed At Least 36

    Police in Hong Kong said three people have been arrested in connection with a fire that engulfed a housing complex and killed at least 36 people. 

    The three men were arrested for alleged manslaughter, a spokesperson for the Hong Kong Police Force said. 

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    Joseph Pisani

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  • White House Defends Witkoff After Leak of Conversation With Russian Official

    The White House is defending special envoy Steve Witkoff over a reportedly leaked conversation in which he told a Russian official that praising President Trump would help smooth over a call with Russian President Vladimir Putin regarding the war in Ukraine.

    Witkoff also suggested that Putin call Trump ahead of a White House visit by Ukrainian President Volodymyr Zelensky, a conversation that gave the Kremlin an opportunity to press the case against giving Kyiv Tomahawk cruise missiles.

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    Alexander Ward

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