Forcing Russia out of global financial markets is the strongest tool at U.S. President Barack Obama’s disposal if he wants to stop Vladimir Putin’s territorial ambitions, according to former government officials and sanctions specialists.
German Finance Minister Wolfgang Schaeuble said Russia’s display of force on Crimea will be a passing phenomenon and urged the U.S. to work more with its allies to maintain the allure of American “soft power.”
An outbreak of Ebola that has killed at least 85 people in West Africa is drawing aid from U.S. disease fighters who will help track the deadly path of a virus with no cure that is fatal in about 90 percent of cases.
When William “Billy” Salomon started on Wall Street more than 80 years ago at his family firm, trades were often closed with a gentleman’s clasp. Now, with computers completing transactions in microseconds, he says the industry is worse off.
The World Bank, the international organization that’s trying to end extreme poverty by 2030, is changing lending rules and increasing some fees under a plan to boost the money it commits annually by about 50 percent.