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Vladimir Putin’s mobilisation hits Russia’s economy in its weak spots

Bloomberg Vladimir Putin’s decision to call up 300,000 men to fight in his invasion of Ukraine is hitting two of the battered Russian economy’s weak spots. The order takes about one in a hundred of the country’s active workers from their jobs to send to the front when record-low unemployment – combined with the exodus of Russians fleeing the country ...

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Japan seeks Russian apology as envoy detained

  Bloomberg Japan demanded an apology from Russia for what it saw as the unjust detention of one of its diplomats in Vladivostok, who was blindfolded and physically restrained after the Kremlin falsely accused him of spying. Top government spokesman Hirokazu Matsuno told a regular news briefing in Tokyo on Tuesday that the diplomat committed no illegal activity and Russia ...

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UK markets lost over $500 billion since Liz Truss took over as PM

  Bloomberg The UK’s stock and bond markets have lost at least $500 billion in combined value since Liz Truss took over as Prime Minister, with investor confidence shattered by a shock tax-cutting budget. Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government’s new fiscal policies fuelled concerns ...

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