Russia will raise taxes to pay for the Ukraine war

Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the…

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FTSE 100, Stoxx 600, Trump shifts on Ukraine

European shares look poised to open lower on Wednesday, as investors react to a suggestion from Federal Reserve Chair Jerome Powell that equities are “fairly highly valued.” London’s FTSE 100 is expected to open 0.2% lower, according to IG, while the German DAX and France’s CAC 40 are slated to shed 0.3% and 0.4%, respectively….

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How Russia’s salami strategy is testing NATO and the West

Russian President Vladimir Putin (L) observes an exhibition as Presidential Deputy Chief of Staff Sergey Kiriyenko (Kirienko) (R) looks on while visiting the All-Russian Scientific Research Institute Of Experimental Physics on August 22, 2025 in Sarov, Russia. Contributor | Getty Images News | Getty Images Russia’s suspected drone attacks on Poland are widely seen as…

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Why does Trump hold back on punishing Russia and Putin?

U.S. President Donald Trump shakes hands with Russian President Vladimir Putin before a joint news conference following their meeting at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. Gavriil Grigorov | Via Reuters U.S. President Donald Trump has repeatedly said he will punish Russia and President Vladimir Putin if Moscow doesn’t come to…

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Putin and Zelenskyy have ‘no meeting planned,’ Russia’s Lavrov says

Russia’s Foreign Minister Sergey Lavrov speaks during a joint press conference with Iranian Foreign Minister Abbas Araghchi in Tehran, Iran, February 25, 2025. Majid Asgaripour | Via Reuters Russian foreign minister Sergey Lavrov threw cold water on the possibility of an imminent meeting taking place between President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, saying that no…

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China LPR, Japan trade data

Dukai Photographer | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines overnight, as investors parsed Japan’s trade data and awaited China’s loan prime rate decision. Japan’s exports dropped 2.6% year over year in July, notching its steepest drop in over four years. The fall was sharper than the 2.1% contraction expected by…

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