March 29, 2023: We give you the latest from Ukraine as expectations of a counteroffensive against Russian positions mount.
Also in the program: Taiwan’s former president Ma Ying-jeou claims, “We are all Chinese,” during a historic visit to China. Plus: Russia’s plan to place nuclear weapons in its submarines in the Pacific and the second Summit for Democracy, an initiative launched by Joe Biden.
March 28, 2023: As protests against the judicial reforms of Israel’s prime minister, Benjamin Netanyahu, continue, we give you the latest.
Also in the programme: notorious Russian paramilitary organisation the Wagner Group increases its activities in Africa, while Hungary decides on Finland’s Nato bid. Plus: why Greenland has decided to stick to daylight saving time.
Even if China’s transactional diplomacy brings some gains, it contains real perils
A lesser man than Xi Jinping might have found it uncomfortable. Meeting Vladimir Putin in Moscow this week, China’s leader spoke of “peaceful co-existence and win-win co-operation”, while supping with somebody facing an international arrest warrant for war crimes. But Mr Xi is untroubled by trivial inconsistencies. He believes in the inexorable decline of the American-led world order, with its professed concern for rules and human rights. He aims to twist it into a more transactional system of deals between great powers. Do not underestimate the perils of this vision—or its appeal around the world.
They have to choose between financial instability and high inflation. It wasn’t meant to be that way
The job of central bankers is to keep banks stable and inflation low. Today they face an enormous battle on both fronts. The inflation monster is still untamed, and the financial system looks precarious.
The way a wise policy was forced through will have political costs
Any French president who asks his fellow citizens to retire later does so at his peril. When Jacques Chirac tried in 1995, crippling strikes made him shelve the project; 18 months later voters sacked his government. Piles of rubbish were left to rot on the streets, as they are today on the boulevards of Paris. Bin collectors have joined strikes against the decision by the current president, Emmanuel Macron, to raise the minimum pension age from 62 to 64. So it was with some relief that on March 20th his minority government narrowly survived two no-confidence votes, opening the way for his reform to enter the statute books.
March 23, 2023: A report on the Federal Reserve’s crucial decision on interest rates. Plus: protesters in Lebanon try to storm the government headquarters, plans for urban ‘floating’ swimming zones in Seoul, and art collectors flock to East Asia for Art Basel Hong Kong.
The Guardian Weekly (March 24, 2023) – You’d be forgiven for having allowed the collapse of the tech industry lender Silicon Valley Bank, earlier this month, to pass you by. Even the news that SVB’s UK operation had been salvaged in a deal brokered by the British government might not have registered too much. But the rescue this week of Switzerland’s second-largest lender Credit Suisse had a more ominous feel to it, a sense of fiscal dominoes cascading slowly into one another.
For our big story this week, Anna Isaac and Kalyeena Makortoff report on a week that brought back anxious memories of the 2008 financial crash, while economics editor Larry Elliott argues that only the era of ultra-low interest rates that followed the previous crash has prevented a further correction happening sooner.
Chinese president Xi Jinping’s visit to Russia this week had the feel of a pivotal moment for global diplomacy. Russian affairs reporter Pjotr Sauer and senior China correspondent Amy Hawkins look at what the strengthening of the Sino-Russian alliance signifies for Moscow, Beijing and the rest of the world.
This week also saw the 20th anniversary of the US invasion of Iraq. Diplomatic editor Patrick Wintour reflects on a botched intervention that still haunts global politics to this day, while on the Opinion pages Randeep Ramesh argues that the US foreign policy debacle still serves to underline what he describes as “the capricious and self-centred nature of American global power”.
March 22, 2023: Two Asian leaders visit countries at war: China’s Xi Jinping is in Moscow, while Japan’s Fumio Kishida travels to Kyiv.
We ask what this reveals about how Asia views the conflict. Plus: the new Brexit deal faces its first parliamentary test in the UK and why the demand for transatlantic travel is soaring to record levels.
March 21, 2023: What’s next for Emmanual Macron after Monday’s no-confidence votes?
Plus: a look at the latest market turbulence after the Credit Suisse deal, how Greece was trying to attract new business opportunities at this year’s Mipim property trade fair and how Finns have reacted to the news that their country has been ranked the world’s happiest for the sixth year running.
March 20, 2023: Xi Jinping heads to Moscow to meet Vladimir Putin. Plus: an Asia-Pacific round-up, a flick through today’s papers, Saddam Hussein’s tourist-attraction superyacht and jewellers preparing for King Charles’s coronation.
March 14, 2023: Following the collapse of Silicon Valley Bank and Signature Bank, is Joe Biden facing a crisis of confidence in US financial institutions?
Plus: political turbulence in Moldova, Nicaragua’s decision to suspend relations with the Vatican and a special interview with Estonia’s former president Toomas Hendrik Ilves.
March 13, 2023: What’s China’s standing with the West after US president Joe Biden and European Commission president Ursula von der Leyen meet in Washington? Plus: unpacking the Nigeria elections fallout, a roundup of Asia-Pacific papers and all the winners and surprises on Hollywood’s biggest night.
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