IBT Staff Reporter

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IMF's Georgieva: 'Trend Of Fragmentation Is Strong'

International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she worries less about the risk that the war in Ukraine and a further slowdown in China might trigger a global recession than she does about the strength of the trend toward economic and political fragmentation.

U.S. Treasury Pushes Russia Towards Default: What Next?

Russia edged closer to a historic debt default on Wednesday after the United States decided against extending a key license that had allowed Moscow to keep paying bondholders despite the sanctions imposed on it for attacking Ukraine.

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