A foul cell in a Moscow detention center was about the last place an American businessman named Michael Calvey expected to find himself after spending 25 years building a flourishing venture capital firm in Russia that transformed some tech startups into global brands. First, beefy agents from the F.S.B., the federal security service, ransacked his […]
Read MoreSince an armed rebel group backed by Rwandan troops launched a major offensive in the Democratic Republic of Congo, professional cyclists have raced on lush Rwandan hills, John Legend performed a sold-out concert in the capital, Kigali, and entrepreneurs have gathered at a conference center for a financial technology convention. Rwanda’s role in the war […]
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The United States is cutting almost all its spending on aid. The biggest loser will be Africa. For years, sub-Saharan Africa has received more U.S. aid money than any other region — except for 2022 and 2023, when the United States came to Ukraine’s aid after the Russian invasion. In 2024, $12.7 billion of $41 […]
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President Lai Ching-te of Taiwan on Thursday sought to reassure his citizens that a plan by a Taiwanese chip giant to spend $100 billion in the United States would benefit the island, after the company’s pledge this week raised concerns at home. Taiwan Semiconductor Manufacturing Company, the world’s largest chip manufacturer, announced on Monday that […]
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When President Trump threatened tariffs on Canada, Mexico and China in January, saying those countries needed to do more to stop the flow of drugs and migrants into the United States, Canadian and Mexican officials raced to Washington, bearing charts and videos detailing their efforts to toughen their borders. Canada created a “fentanyl czar” and […]
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President Trump’s tough talk on China typically centers on tariffs. But a closer look at the decisions he has made since taking office shows that the president is considering a far wider set of economic restrictions on Beijing, ones that could hasten America’s split from a critical trading partner. The Trump administration has so far […]
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At the United States Agency for International Development, thousands of workers have been fired or put on administrative leave and many of its projects addressing global issues like health, hunger and education have been halted. Now, a former Goldman Sachs analyst and son of a private equity billionaire has ambitions to control some of U.S.A.I.D.’s […]
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Kremlin officials are dangling the prospect of lucrative investment deals for American energy companies, apparently seeking to convince President Trump that large economic gains could come from siding with Moscow in ending the war in Ukraine and scrapping economic sanctions on Russia. There is no doubt that Russia has vast troves of oil and natural […]
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Funds from the world’s richest nation once flowed from the largest global aid agency to an intricate network of small, medium and large organizations that delivered aid: H.I.V. medications for more than 20 million people; nutrition supplements for starving children; support for refugees, orphaned children and women battered by violence. Now, that network is unraveling. […]
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President Trump said on Friday that Nippon Steel was planning to make a major investment in U.S. Steel after the Biden administration moved to block the Japanese company’s $14 billion takeover bid last month on the basis that it was a threat to national security. Such an investment, if it moves forward, could be a […]
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Before Sunday, Colombia was quietly emerging as a refuge for multinational brands seeking a stable place to make their products in a time of geopolitical and environmental upheaval. President Trump’s threats to increase tariffs on imports from China was forcing companies to diminish their dependence on factories in that country. Businesses were setting up plants […]
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Crown Prince Mohammed bin Salman of Saudi Arabia told President Trump on Wednesday that the kingdom intends to increase its investment and trade with the United States by at least $600 billion over the next four years, according to the official Saudi Press Agency. The crown prince, the de facto leader of Saudi Arabia, told […]
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A year ago, India was bouncing back from a recession caused by Covid-19 with a spring in its step. The country had overtaken China as the most populous country, and its leaders were declaring India the world’s fastest-growing major economy. This was music to the ears of foreign investors, and to India’s prime minister, Narendra […]
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President Biden and his aides came into office with deep experience in trans-Atlantic affairs. But over four years, they focused too on the Pacific, where China strains to be the dominant player. Their main effort: building up alliances to counter China. President-elect Donald J. Trump has already signaled a different approach to China. He invited […]
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A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after President Biden’s decision to block its acquisition by a Japanese company. Lourenco Goncalves, the chief executive of an American competitor, Cleveland-Cliffs, said his company had “an All-American solution to save the United States Steel […]
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U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security. The lawsuit, filed in a federal court in Washington, accused Mr. Biden and other […]
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As signs emerged that President Biden was gearing up to stop the Japanese steel maker Nippon Steel from acquiring Pittsburgh-based U.S. Steel, top Japanese officials repeatedly warned that quashing the merger would hinder economic ties between the allies. Japan’s biggest business lobby, Keidanren, said in September that America’s investability would be tarnished if Nippon Steel’s […]
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President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with the matter. The decision would be an extraordinary use of executive power, […]
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