The world in brief

In today's edition: Biden visits Kyiv, Putin's state-of-the-nation speech, and Shakespeare's "First Folio" at 400

Time for the tab

The more indebted the world becomes, the more sensitive it is to rate rises. We calculate who has been hit hardest

• indebt: ~에게 빚을 지게 하다, ~에게 은혜를 입히다

Proxies and peril

The conflict in Ukraine risks inflaming the rivalry between China and America

• inflame: 흥분시키다; 악화시키다

A budding option

Global firms are considering Asian alternatives to Chinese manufacturing. Can "Altasia" steal China's thunder?

• bud: 싹; 꽃봉오리;

<Reference: Economist>