Business / Economy Apr 18, 2021

Pandemic will leave deep scars in world economy even after recovery

Just as some patients recovering from COVID-19 suffer long-lasting symptoms, it’s becoming clear that the same will be true for the global economy.

Business / Economy Apr 6, 2020

Jobs destroyed worldwide as coronavirus triggers deep recession

The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. With International Monetary Fund Managing Director Kristalina Georgieva warning of a "crisis like no other,” the ...

Business Jan 22, 2018

A year ago, Davos thought Trump would be a normal president

If there was one message that echoed through the mountains ringing Davos a year ago, it was that the business world could ignore tweets from U.S. leader Donald Trump. Once in office Trump would act more like a conventional American president and his torrent of ...

Asia Pacific Jan 25, 2016

With U.S. divided, China struggling, government and business leaders fret about power vacuum

A polarized U.S. presidential race; question marks over China's economic management; and a once-dominant German chancellor suddenly under threat. Those were the flash points that dominated last week's annual gathering of the World Economic Forum as executives, investors and policy makers fretted about the lack ...

Business / Economy Jan 23, 2015

Draghi commits to €1.1 trillion QE plan in deflation fight

Mario Draghi led the European Central Bank into a new era with a historic pledge to buy government bonds as part of an asset-purchase program worth about €1.1 trillion ($1.3 trillion). The ECB president side-stepped German-led opposition to quantitative easing in a once-and-for-all push to ...

Business / Economy Nov 18, 2014

At odds with Krugman, economist Posen urges Abe to raise consumption tax

Adam Posen is sticking to his guns in recommending that Prime Minister Shinzo Abe raise the consumption tax. While acknowledging the levy is not likely to be raised to 10 percent as scheduled next October, Posen, the president of the Washington-based Peterson Institute for International ...

Business / Economy Sep 22, 2014

Posen warns Nikkei could crash if Abe blinks on second stage of tax hike

On the wall of economist Adam Posen's Washington office hangs a framed poster of Akira Kurosawa's 1954 film classic, "Seven Samurai." The memento speaks to Posen's love of Japan, born in his days as a student and since manifested in his career, through books on ...