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Russians fleeing Putin’s draft stir fears in worried neighbours

Bloomberg The growing exodus of Russians fleeing President Vladimir Putin’s mobilization order is creating turmoil at the borders with neighboring states and stirring fears about potential instability. After driving with friends for more than 30 hours from Moscow to reach the Russian border with Kazakhstan in central Asia, 46-year-old Ilya, who asked not to disclose his last name, said they ...

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Biden to fete Pacific Island nations at US summit, eyeing China’s grasp

Bloomberg President Joe Biden is seeking to mend ties with Pacific Island nations following years of neglect at a first-ever White House summit, as the US and its allies worry that the strategically important countries risk drifting into China’s orbit. At an unprecedented two-day event starting on Wednesday, the administration plans to announce a series of initiatives and a new ...

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Yuan falls to weakest level since 2008 on signs PBOC easing grip

  Bloomberg The onshore yuan falls to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning down its support for the local currency. The onshore yuan weakened to 7.2409 per dollar, a level unseen in 14 years, while the offshore unit slid to an ...

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