Russia’s Central Bank Makes Huge Interest Rate Hike to Try to Prop Up Falling Ruble
By Dasha Litvinova and David McHugh | Associated Press
Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine.
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China Stop Reporting Youth Unemployment as Economic Pressures Mount
By Thomas Hale | Financial Times
China has said it will stop publishing data on youth unemployment, weeks after the gauge hit a record level, in a sign of mounting pressure on policymakers as new data pointed to weakness in the recovery of the world’s second-largest economy.
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