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Replacing ships like the Moskva will be pricey. The flagship of Russia’s Black Sea Fleet recently sank after suffering damage. Russian Defense Ministry Press Service via AP

Russia faces first foreign default since 1918 – here’s how it could complicate Putin’s ability to wage war in Ukraine

Russia is on the verge of defaulting on its foreign debt, which not only could have severe economic consequences but could also complicate Putin’s ability to wage a prolonged war in Ukraine.
A grant from the Chinese government will make way for a multimillion-dollar fishing port complex in Accra, Ghana. Nipah Dennis/AFP via Getty Images

COVID-19 further exposes inequalities in the global financial system

Global economic policy excludes low-income countries from the spending options that developed nations use to buffer their economies in times of crisis, and the pandemic has inflamed that inequality.
Jakarta’s shortcomings as a capital are obvious: it has headline-grabbing problems with congestion, pollution, and land subsidence. www.shutterstock.com

Assessing Jokowi’s $33-billion project to move Indonesia’s capital for the country’s economic development

Indonesian President Joko “Jokowi” decision to relocate the country’s capital is seen as an effort to shift economic activity and address infrastructure gaps outside of Java and Sumatra.
L’Oréal headquarters in Clichy, France. The firm is family owned, and while it has extensive experience in capital markets, many other family-owned enterprises are hesitant to take such a step. Arthur Weidmann/Wikimedia

Family firms’ need for control and equity financing decisions

Family firms can attract investor interest, yet owners are often reluctant to offer equity. New research indicates that concerns of potential interference and emotions are two of the key issues.

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