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Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service Yury Chikhanchin in Moscow.
Image copyright: Sputnik/Mikhail Metzel/Kremlin via Reuters
Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin.

Here’s what you need to know

Russia defaulted on foreign debt. The missed payments are the country’s first since 1918 and were more because of Western sanctions than lack of money.

NATO wants a huge increase in forces. A new plan will prepare more than 300,000 troops for deployment, up from the 40,000 now situated on the alliance’s eastern flank. The announcement comes as a Russian rocket hit a busy shopping mall in the Ukrainian city of Kremenchuk.

India’s stock market hit a two-week high. Tech and metal shares led the charge, but analysts say the gains are likely temporary as rate hikes and other economic pressures loom.

Google faced more antitrust scrutiny in the EU. A Danish job listing site has accused the tech behemoth of pushing its own service and skewing job seekers away from other sites.

The US and Taiwan began economic and trade talks. The conversations won’t help growing tensions between the US and China, but come as the Taiwanese company GlobalWafers announced plans to build a $5 billion factory in Texas.

Snack maker Weilong Delicious revived its IPO. The $500 million listing could be one of the Hong Kong’s largest this year.

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