Bloomberg Russia arrested Summa Group co-owner Ziyavudin Magomedov, who has been in talks to sell his stake in a key port, as part of case into suspected embezzlement of state funds for infrastructure and energy projects. Moscow’s Tverskoy District Court ordered Magomedov to be held for two months and declined his request to post as bail the 2.5 billion-ruble ($44 ...

Bloomberg Russia ordered the UK to make deep new cuts at its diplomatic missions one day after Moscow kicked out 60 US envoys, ratcheting up tensions with the West over the poisoning of a former spy. The UK must cut “more than 50” diplomatic and technical staff at its Russian embassy and consulate within a month, Foreign Ministry spokeswoman Maria ...

Explaining Japan’s economy to Western audiences is hard. One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task — there are a lot of conflicting trends, regional differences and other wrinkles. A second reason is that Japan tends to be somewhat out of sync with the US ...