ReportWire

Tag: Developing Economies

  • A New Challenge for China’s Economy: ‘Involution’

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    Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.

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    Hannah Miao

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  • How Venezuela’s Maduro Became Coup-Proof After Years of Military Purges

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    For years, Venezuelans fighting to unseat President Nicolás Maduro have hoped the country’s military would do the job for them. But even with a menacing U.S. Navy buildup currently offshore, the strongman is virtually coup-proof.

    The leftist leader has purged officers accused of conspiring against him, jailing and sending them into exile. The vaunted intelligence service of close ally, Cuba, has worked to identify plots and renegades, with intelligence officers placed in every unit.

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    Juan Forero

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  • U.S. to Repatriate Survivors of Strike on Suspected Drug Vessel

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    The U.S. is transferring two alleged drug traffickers to Colombia and Ecuador for detention and prosecution after they were briefly held on a U.S. Navy warship in the Caribbean, President Trump announced on Saturday.

    The two people survived an attack on a submersible Thursday and were rescued by the U.S. military. They were taken to the USS Iwo Jima, which has been operating in the region and has a full medical staff, according to defense officials.

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    Shelby Holliday

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  • Drone Threats Ignite Burst of Counterdrone Wizardry

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    Startups from Silicon Valley to Europe and beyond are racing to develop cheap, reliable systems to counter hostile drones.

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    Bertrand Benoit

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  • Israel Still Carrying Out Some Strikes During Gaza Cease-Fire

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    The military has said it was targeting militants who posed a threat or vehicles that came too close and didn’t stop when warned.

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    Anat Peled

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  • Trump Bets Personal Diplomacy Will Break Ukraine War Logjam

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    WASHINGTON—President Trump is betting that one more round of personal diplomacy will deliver a breakthrough in the more than three-year-long war in Ukraine after months of failed peace negotiations.

    Behind the scenes, Trump’s team is working to back up the president’s leader-to-leader negotiations with more diplomatic leverage than he exerted in his August summit with Russian President Vladimir Putin. Those efforts will be put to the test when Trump meets with Putin in Budapest in the coming weeks.

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    Vera Bergengruen

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  • A Family’s Odyssey to Find Somewhere Safe in Gaza

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    In a corner of their ramshackle tent in southern Gaza, Ghaidaa Qudaih and her family keep a baby stroller and three backpacks filled with clothes, diapers, milk and other necessities close at hand. They need them in case they have to run for their lives, as they have 11 times over the past two years. 

    “Each time, it has been a struggle,” said Qudaih, a 29-year-old vegetable farmer. “Sometimes hope came to us, and sometimes we lost it.”

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    Sudarsan Raghavan

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  • Opinion | Give Ukraine the Tomahawks, Mr. President

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    President Trump demurred Friday on whether he’ll send Tomahawk missiles to Ukraine, and he clearly hasn’t made up his mind. But the missile threat seems to have captured Vladimir Putin’s attention, and the U.S. interest in driving a durable peace in Ukraine far outweighs the risks of handing over the missiles.

    “Hopefully we’ll be able to get the war over without thinking about Tomahawks,” Mr. Trump said during a meeting at the White House with Ukraine President Volodymyr Zelensky. Ukraine’s supporters had hoped for Mr. Trump’s approval to obtain the missiles, which have a range of more than 1,000 miles. But another call with Mr. Putin this week appears to have stayed that decision.

    Mr. Trump’s reluctance seems to involve two concerns, and the first is escalation with a nuclear power. But Mr. Putin has been lobbing cruise and ballistic missiles at Ukraine for years, and there’s nothing escalatory about return fire. Tomahawks could be a force for peace by altering Mr. Putin’s capacity to carry on his grinding war.

    The long-range missiles would let Ukraine do better than simply swatting down hundreds of incoming drones. Instead it could take out Russia’s Shahed drone factory. Mr. Putin has tried to use nuclear blackmail for three years to talk the U.S. out of donating this or that weapon. The empirical record is that it’s bluster.

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    [ad_2] The Editorial Board
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  • Trump Says He’d Rather End War Than Send Tomahawks to Ukraine

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    President Trump said he hoped Ukraine wouldn’t need the U.S. to provide it with long-range Tomahawk cruise missiles as he met with Ukrainian President Volodymyr Zelensky at the White House on Friday. 

    “We’re going to be talking about Tomahawks, and would much rather have them not need Tomahawks,” said Trump. “Would much rather have the war be over, to be honest.”

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    Robbie Gramer

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  • Navy Is Holding Survivors of Latest U.S. Strike Against Alleged Drug Boat

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    The U.S. is treating survivors from the latest attack on a suspected drug vessel in the Caribbean, according to two officials familiar with the matter. 

    The two survivors were rescued by the Coast Guard and transported to the USS Iwo Jima, which has a full medical staff. Others onboard the submersible died in the attack, the officials said.

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    Shelby Holliday

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  • Trump’s Middle East Peace Plan Hits an Early Snag in Gaza

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    TEL AVIV—At the start of the week, President Trump declared the historic dawn of a new Middle East” after securing a truce between Israel and Hamas that stopped the war in Gaza. Days later, the peace process is already stumbling.

    The reason: a controversy over Hamas’s failure to return all of the bodies of dead hostages that remain in Gaza. Israel and the Arab mediators in the talks knew Hamas wasn’t able to locate all of them, but the militant group’s initial decision to return only four looked like foot-dragging to Israel and set off a highly political skirmish amid demands the deal be halted until the bodies were back.

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    [ad_2] Summer Said
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  • The Man Threatening Viktor Orbán’s 15-Year Grip on Hungary

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    OROSZLÁNY, Hungary—Jabbing his finger at a life-size cardboard cutout of Hungarian Prime Minister Viktor Orbán, Péter Magyar wooed the voters of this coal-mining town with a feisty speech about corruption and economic decline.

    Magyar, Orbán’s main rival in next year’s pivotal election, mocked him as a mafia boss, a Turkish sultan and Ali Baba with 40 thieves. He concluded with the Russian phrase “Tovarishchi, konetz”—or comrades, it’s over—the motto of the 1990 democratic election that ousted Hungary’s Soviet-installed regime.

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    Yaroslav Trofimov

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  • Venezuela Mobilizes Troops and Militias as U.S. Military Looms Offshore

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    Venezuela is moving troops into position on the Caribbean coast and mobilizing what President Nicolás Maduro asserts is a millions-strong militia in a display of defiance against the biggest American military buildup in the Caribbean since the 1980s.

    The strongman’s regime has cranked up its propaganda machine. On state television, radio and social media, announcers are telling Venezuelans that the U.S. is a rapacious Nazi-like state that wants to dig its claws into the country’s oil wealth but that the Venezuelan military, the National Bolivarian Armed Forces, are positioning to repel any invasion.

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    Juan Forero

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  • Trump Organization Expands in India, Where Many of Its Partners Face Accusations

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    GURUGRAM, India—When the Trump Organization in April announced another luxury real-estate project in India, Eric Trump gave a shout out to his local partners for helping accelerate the brand’s expansion.

    “We’re incredibly excited to launch our second project in Gurgaon,” Eric Trump, who runs day-to-day operations, using the former name for the city near New Delhi. “And even prouder to be doing it once again with our amazing partners.”

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    Rory Jones

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  • Opinion | Allies United Against China on Rare Earths

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    Treasury Secretary Scott Bessent said Wednesday he plans to coordinate with allies to counter China’s weaponization of rare-earth minerals. It’s the right move, though he might find it easier to rally the world if President Trump weren’t also hitting our allies with unprovoked unilateral tariffs.

    Mr. Bessent earlier in the week accused Beijing of pointing “a bazooka at the supply chains and the industrial base of the entire free world,” by threatening global export controls on products that contain even minuscule amounts of Chinese rare earths. He’s right. China has a stranglehold on these minerals, and it’s a serious problem.

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    The Editorial Board

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  • Opinion | The Hamas Rule of Terror in Gaza

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    Hamas has returned only nine of the 28 dead Israeli hostages it promised President Trump. Perhaps the terrorists are busy dealing with the corpses of the Palestinians they have been executing since the cease-fire. Where are the protests now from those in the West who claimed to speak for Gazans?

    “Death to Zionism. Death to all collaborators,” the National Students for Justice in Palestine (SJP) wrote in an online post Sunday, echoing Hamas’s usual excuse for killing its rivals and dissenters. SJP led the 2024 campus protests in the U.S. and received fawning press coverage for its humanitarian concern.

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    The Editorial Board

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  • Trump Says He Will Meet With Putin in Budapest to Discuss End to Ukraine War

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    WASHINGTON—President Trump said Thursday he plans to meet with Russian President Vladimir Putin in Budapest for talks on ending the war in Ukraine, reviving a diplomatic effort after threatening to send new weapons to Kyiv.

    The agreement to hold the meeting in Budapest, at a date yet to be announced, came during a phone call between the two leaders a day before Trump is set to meet at the White House with Ukrainian President Volodymyr Zelensky.

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    Lara Seligman

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  • Opinion | Russia’s Weakness Is Trump’s Opportunity

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    Having just commemorated two years since Oct. 7, 2023, we’re now approaching another grim anniversary—Feb. 24, four years since Russia invaded Ukraine. For all of President Trump’s shortcomings, he deserves credit for recognizing that Prime Minister Benjamin Netanyahu was vulnerable after having overreached by bombing Qatar. The president leveraged Bibi’s weakness to force a cease-fire. Russia is in a similarly vulnerable position after the failure of its third offensive against Ukraine, yet Mr. Trump has failed to exploit this weakness. This raises the question: Why is Mr. Trump reluctant to take advantage of Vladimir Putin’s helplessness?

    In February, Mr. Trump berated Ukrainian President Volodymyr Zelensky: “You don’t have the cards.” Yet from nearly every angle and measure, it’s Russia whose hand is weak. Mr. Putin is more vulnerable today than at any point in his three decades on the global stage. Either Mr. Trump’s sixth sense for using leverage is failing him, or some strange fondness for the Russian president’s strongman persona is preventing him from appreciating the strategic opportunity that lies before him.

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    [ad_2] Rahm Emanuel
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  • Ukraine Wants Tomahawks. Trump Has to Decide if They Would Help End the War.

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    WASHINGTON—The Tomahawk cruise missile that President Trump is considering for Ukraine has been the weapon of choice for decades for U.S. presidents seeking decisive military solutions.

    A highly accurate missile with a powerful warhead that can fly more than 1,000 miles, the Tomahawk can reach targets inside Russia far beyond any of the weapons the U.S. has provided to Kyiv until now. 

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    Michael R. Gordon

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  • Milei’s Radical Overhaul of Argentina Meets Its Match in the Humble Peso

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    BUENOS AIRES—When he ran for president of Argentina, Javier Milei compared the country’s currency to excrement, telling Argentines to forget the peso and vowing to scrap it altogether.

    Now Milei’s government is using its precious few reserves of American dollars to buy pesos and prop up their value, a stark departure from his free-market overhaul of the country’s economy. And he is asking for billions of dollars from the Trump administration to keep the peso from sliding.

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    [ad_2] Ryan Dubé
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