Russia looked set for its first sovereign default in decades as some bondholders said they had not received overdue interest on Monday following the expiry of a key payment deadline a day earlier.
- WorldG7 aims to raise $600 billion to counter China's Belt and Road
Increasingly worried about China, G7 leaders first floated plans for the project last year, and are formally launching it now under a fresh title and dropping the moniker "Build Back Better World" first coined by Biden.
- MarketsMorning Bid: Take it easy, article with image
A look at the day ahead in markets from Saikat Chatterjee.
- Asian MarketsChina's May industrial profits slump again despite easing COVID curbs
May's improvement was driven by surging profits in the coal mining and oil and gas extraction sectors, as the Russia-Ukraine war sparked a rally in global commodity prices.
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Celebrating Pride worldwide