Ruble Slump Hits Russians’ Wallets, Not Their Support for Putin
Alexei Nikolayev, one of more than 56 million Russians who re-elected President Vladimir Putin in March, is already counting the likely cost of a weaker ruble: less spending power abroad, higher prices at home, and another round of belt tightening…
Two U.S. Airlines Cut China Routes as State-Backed Rivals Turn Up Heat
Two U.S. airlines on Tuesday cut routes between China and the United States, underscoring increasingly tough competition from state-backed Chinese rivals as they aggressively expand their fleets with cut-price tickets.