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Indonesia has declared what amounts to an emergency over its embattled currency. The shock interest-rate increase this week has given the rupiah a short-term lift. Without a change in the underlying direction of government policy, it will be insufficient to revive confidence.

European shares resilient, oil edges up after fresh Iran-US strikes Reuters

China's factory-gate inflation at nearly 4-year high in May Reuters

I hated taking exams. I’d cram and strategize and fret as I imagined trick questions, bizarre equations or scenarios in which obscure sections from my textbooks emerged as soul-wrecking conundrums. But I had it easy. My 1970s middle-school classmates and I in the Philippines had heard all about the

Metals from aluminum to zinc dropped after tensions in the Middle East escalated and expectations for US rate hikes weighed on the demand outlook for commodities.

Iran strikes US bases in Gulf after Trump orders attacks near Hormuz Reuters

America must build—and use—leverage against Beijing.

Europe lost the plot on online speech.

Russia’s loss is NATO’s gain.

Football tournament’s structure favours randomness but history suggests a western European winner