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Governance

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Global regulators warn failure to align stablecoin rules could destabilise markets as product heads for $2tr by 2028
US financial support is manna for President Milei but it creates ‘bizarre’ governance and sidelines the IMF
Massive military spending has kept GDP high. But years of costly conflict are finally taking their toll, with Russia facing a nasty mix of high prices, stagnant lending, plummeting growth and corporates fleeing for safer havens in Central Asia
Private sector expected to help rebuild shattered territory but governments will have to go first, with Gulf states in view
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