Global Business & Emerging Markets

The global supply-chain crisis flares up again—in the same place where it all started.

Expressing pessimism that the U.S. can change China's behavior, Trade Representative Tai wants to prioritize increasing U.S. competitiveness in strategic industries and working with American allies to boost supply-chain resiliency.

Russian alternative to SWIFT may begin processing bilateral payments to and from India, providing a path for Russia to bypass the strict Western sanctions regime.

Despite the geopolitical tensions, the Russian government is making payments on its sovereign debt and Western governments are allowing circuitous transfers to get those funds to the debt holders.

In a dramatic escalation of the rift between Russia and the West, the Russian Federation has issued an edict allowing its citizens to copy and use Western patents without payment or requiring authorization for use.

The reluctance of drugmakers to pause operations in Russia is being met with a growing chorus of criticism.