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Putin expects China's Xi to visit soon; Xi holds his line on Ukraine

(Reuters) -Russian President Vladimir Putin said on Friday he was expecting Chinese President Xi Jinping to make a state visit early next year in what would be a public show of solidarity from Beijing as Russia's invasion of Ukraine falters. But an official Chinese readout of a video summit between the two leaders highlighted differences in approach to their developing alliance, making no mention of a visit and stressing that Beijing, which has declined to back or condemn the invasion, would maintain its "objective and fair" stance on the issue. Since sending its troops into Ukraine in February, Russia has turned its back on the Western powers that have ostracised it economically and politically and armed Ukraine, courting the rising global power of long-time rival China instead. ....

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A plain-speaking central bank: contradiction in terms?

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. ....

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