TAG: Global economy
A quiet revolution rocks central banking
There’s a quiet revolution happening at the heart of central banking. On the surface, the inconspicu...
8 months ago
How Houthi rebels are threatening global trade nexus on Red Sea
The U.S. is mustering an international armada to deter Iranian-backed Houthi militias from Yemen fro...
8 months ago
How China ended up financing the Houthis’ Red Sea attacks
China is unwittingly helping Iran choke off ship traffic in the Red Sea, impairing global trade flows and damaging Beijing’s own interests in the process, Western intelligence officials say.China’s illicit purchases of Iranian oil are indirectly financing...
6 months ago
Floods, war and US inflation crash the IMF party
Warnings about risks to the global economy are so common these days that it’s easy to become inured to them, but the few days since the world’s finance chiefs assembled in Washington have seen a series of them materialize in quick succession.First it was...
5 months ago
UK will be worst-performing G7 economy in 2025, OECD forecasts
The U.K. will be the worst performing G7 economy next year as high interest rates and restrictive fiscal policy hampers medium to long-term economic growth, the Organisation for Economic Cooperation and Development (OECD) has predicted. In its annual asse...
5 months ago
US political uncertainty crashes central bank retreat in Portugal
SINTRA, Portugal — When Europe’s most powerful technocrats gathered this week at a secluded mountain resort near Lisbon to discuss their deepest concerns, you'd have expected them to focus on the election in nearby France. But instead their gaze was fixed...
2 months ago
Von der Leyen threads the climate needle to keep her job
BRUSSELS — Ursula von der Leyen has just pulled off a delicate green balancing act. The German politician secured a second term as European Commission president on Thursday with a political program carefully designed to woo both conservatives and environm...
2 months ago
The sleepy corner of England battling China
CORNWALL, England — The Conservatives have dominated politics in sleepy south-west England for nearly a decade. Suddenly, they're in deep trouble. A surge in support for the Liberal Democrats, the U.K.’s traditional third party, coupled with the Tories’ o...
2 months ago
Putin’s war economy faces pain if Saudis sink global oil prices
Moscow will be starved of funds to run its war economy if Saudi Arabia delivers on plans to hike crude production to protect its own position as global oil kingpin. Riyadh is increasingly frustrated with other petrostates' failure to coordinate on cutting...
1 week ago
As world debt hits $100T, IMF warns deficit buildup must be brought under control
The debt owed by governments around the world will surpass $100 trillion by year-end and is an increasing threat to the global economy, the International Monetary Fund warned on Tuesday. The IMF said worldwide public debt is expected to reach 93 percent o...
21 hours ago