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The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy The Russian ruble's wobble in value has exposed a crack in President Vladimir Putin's fortress economy, a vulnerability quickly plastered over by the Kremlin's economic team in a move that allowed the currency to regain its footing, at least for now. Yet the patch — an emergency interest rate increase — cannot hide the dilemma at the heart of the Russian economy: how to fund the military while not undermining the national currency and overheating the economy with corrosive and politically embarrassing inflation. Life in Moscow presents a facade of normality despite sweeping sanctions tied to the war in Ukraine and the departure of hundreds of name-brand Western companies. Outdoor seating at restaurants and bars on the popular Bolshaya Nikitskaya street were packed on a recent evening with well-dressed residents enjoy...

Mexico’s president says that about 10,000 migrants per day are heading to the U.S. border, and he blames U.S. economic sanctions on countries like Cuba and Venezuela for the influx MEXICO CITY -- Mexico’s president said Monday that about 10,000 migrants per day are heading to the U.S. border, and he blamed U.S. economic sanctions on countries like Cuba and Venezuela for the influx. President Andrés Manuel López Obrador said the number of migrant s reaching Mexico's northern border with the United States was partly due to about 6,000 migrant s per day crossing into Mexico from Guatemala over the past week. He said many of those migrants are traveling on a route through Central America that includes the jungle-clad Darien Gap region between Panama and Colombia. López Obrador seemed to join Colombian President Gustavo Petro in blaming the situation on U.S. sanctions on countries like Venezuela and Cuba, whose citizens make up a large part of the migrant flow. Experts say economic mis...

China is imposing sanctions against the Ronald Reagan Presidential Library and other U.S.- and Asian-based organizations in retaliation for the closely watched meeting this week between the U.S. House speaker and Taiwan’s president TAIPEI, Taiwan -- China retaliated for the United States House speaker's meeting with the Taiwanese president by announcing sanctions Friday against the Ronald Reagan Presidential Library and other organizations, adding to strains over the self-governed island democracy Beijing claims as part of its territory. Republican House Speaker Kevin McCarthy held talks Wednesday with President Tsai Ing-wen at the Reagan library in Simi Valley, California, in defiance of Chinese warnings. McCarthy joined a growing series of foreign legislators who have met Tsai in a show of support for Taiwan in the face of Chinese intimidation. U.S.-Chinese relations have sunk to their lowest level in decades due to disputes over the status of Taiwan, which split with China in 1...