Tag - global economy

 
 

GLOBAL ECONOMY

U.S. Trade Representative Jamieson Greer (left) U.S. Commerce Secretary Howard Lutnick (second from left), U.S. Treasury Secretary Scott Bessent (second from right) and Ryosei Akazawa, Japan's economic revitalization minster, pose for a photo ahead of a meeting in Washington on May 1.
BUSINESS / Economy / FOCUS
May 19, 2025
China-U.S. trade truce prompts nations to consider tougher tactics
After China’s tough negotiating tactics earned it a favorable deal, nations taking a more diplomatic and expedited approach are questioning whether that’s the right path.
The rush to electrify everything is reshaping energy, but without addressing demand, grid and supply risks, the green transition may falter.
COMMENTARY / World
May 18, 2025
It’s electricity realism, not climate denialism
Electrifying everything comes with plenty of risks of its own.
U.S. President Donald Trump arrives to deliver a speech marking his 100th day in office at Macomb County Community College Sports Expo Center in Warren, Michigan, on April 29.
BUSINESS / Economy / FOCUS
May 18, 2025
Trump’s deals cast China both as foe and prize, blurring signals
Pick through the details of recent U.S. trade negotiations and an outline of Donald Trump’s vision for the global economy starts to come into focus. As do its contradictions.
Moody's first gave the United States its pristine "Aaa" rating in 1919 and is the last of the three major credit agencies to downgrade it.
BUSINESS / Economy
May 17, 2025
Moody's cuts America's pristine credit rating, citing rising debt
The move that could complicate U.S. President Donald Trump's efforts to cut taxes and send ripples through global markets.
U.S. Commerce Secretary Howard Lutnick speaks in the Oval Office after President Donald Trump announced a trade deal with the U.K. on May 8. The agreement is far from a win for London, which has chosen deference over strength in dealing with Washington's bullishness.
COMMENTARY / World
May 16, 2025
Lessons from the U.S.-U.K. trade deal: Don’t appease a bully
The tariff agreement signed between London and Washington does little to boost the U.K. economy and, despite appearances, is a diplomatic defeat for Prime Minister Starmer.
Carlos Ghosn, then president and CEO of Nissan Motor and Renault, delivers a speech during an opening ceremony of a Nissan car factory in St. Petersburg in June 2009.
COMMENTARY / Japan
May 15, 2025
Nissan is dying and taking globalization with it
Nissan is a Japanese business in name only: Despite accounting for 45% of jobs and about 35% of manufacturing assets, just 16% of sales are at home.
U.S. President Donald Trump's policies, including attacks on research funding, immigration and trade threaten the foundations of American economic exceptionalism, and the resulting damage may be difficult to undo.
COMMENTARY / World
May 14, 2025
American exceptionalism meets its maker
The question is whether U.S. President Donald Trump’s destructive policies have now brought this economic exceptionalism to an end.
Chinese leader Xi Jinping speaks during the opening ceremony of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday.
ASIA PACIFIC / Politics
May 13, 2025
China's Xi slams 'bullying' as Beijing hosts Latin American leaders
The Chinese leader also pledged $9.2 billion in credit toward "development" for the region — part of a broad set of initiatives aimed at deepening cooperation.
Then-Chinese Vice President Xi Jinping visits a school in South Gate, California, in February 2012. Experts say Xi won big in his standoff with U.S. President Donald Trump.
BUSINESS / Economy / ANALYSIS
May 13, 2025
Xi defiance pays off as Trump meets most China trade demands
Going forward, experts say, this will make the Chinese side confident that they have leverage over the U.S. in any negotiations.
U.S. Trade Representative Jamieson Greer and U.S. Treasury Secretary Scott Bessent attend a news conference after trade talks with China, in Geneva on Monday.
BUSINESS / Economy
May 12, 2025
U.S. and China agree to lower tariffs in 90-day cooling-off period
The temporary move will give the world’s two largest economies three more months to resolve their differences.
People stand in front of a big screen displaying the Nikkei share average outside a brokerage in Tokyo late last month.
BUSINESS / Markets
May 12, 2025
Japan’s Topix extends rally to 12th day as tariff worries ease
The Topix closed 0.3% higher at 2742.08, giving it its longest winning streak since 2017.
U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer address the media after trade talks with China in Geneva on Sunday.
BUSINESS / Economy
May 12, 2025
U.S. and China cite ‘substantial progress’ in Geneva trade talks
U.S. negotiators described "substantial progress" and also said details would be announced Monday.
Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
BUSINESS / Economy
May 11, 2025
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
The U.S. is an important market for the Japanese automobile industry, accounting for about 20% of its total car exports in terms of volume and about 30% in terms of value.
U.S. Treasury Secretary Scott Bessent takes questions at the White House on April 29. Bessent, a former hedge fund manager, is leading trade talks with China in Geneva.
BUSINESS / Economy
May 11, 2025
U.S. and China conclude first day of talks in bid to ease trade war
U.S. President Donald Trump said negotiators had "a very good meeting” on their first day of an effort to deescalate the rivals' trade war.
U.S. Treasury Secretary Scott Bessent leaves his hotel for a meeting with Chinese officials on tariffs in Geneva on Saturday.
BUSINESS / Economy
May 10, 2025
U.S. and China begin talks in bid to 'de-escalate' trade war
The talks were the first between the world's two largest economies since U.S. President Donald Trump slapped steep new levies on China last month.
U.S. President Donald Trump makes a trade announcement as U.S. Secretary of Commerce Howard Lutnick (second from left), U.S. Vice President JD Vance (third from left), British Ambassador to the United States Peter Mandelson (third from right),  U.S. Trade Representative Jamieson Greer (second from right) and U.S. Secretary of Agriculture Brooke Rollins (right) look on in the Oval Office of the White House in Washington on Thursday.
BUSINESS / Economy / ANALYSIS
May 10, 2025
Trump’s first trade pact offers faint glimpse of art of the deal
For global leaders puzzling over how to negotiate with Donald Trump, the U.S. president’s inaugural pact with the U.K. offers a few clues on how much ground he’s prepared to give.
The consumption and investing habits of the world's richest 10% consume and invest has substantially increased the risk of deadly heat waves and drought around the world, according to new research.
ENVIRONMENT / Climate change
May 8, 2025
World's richest 10% caused two-thirds of global warming, study finds
How the rich consume and invest has substantially increased the risk of deadly heat waves and drought.
Fed Chair Jerome Powell said that at this point, it isn't clear if the economy will continue its steady pace of growth, or wilt under mounting uncertainty and a possible coming spike in inflation.
BUSINESS / Economy
May 8, 2025
Fed sees rising risks to economy as it leaves rates unchanged
With so much uncertainty over Trump's tariff moves, Fed Chair Jerome Powell said "It's really not at all clear what it is we should do."
In a world where capital and rich individuals can cross borders freely, only international cooperation can ensure that multinational corporations and the superrich are fairly taxed.
COMMENTARY / World
May 7, 2025
America is becoming the world’s largest tax haven
Trump is turning the U.S. into a tax haven by weakening enforcement, deregulating crypto and abandoning international tax cooperation, favoring secrecy and the ultrarich.
The global shipping industry is also contending with U.S. measures beyond the barrage of levies.
BUSINESS / Markets
May 7, 2025
World’s trade superhighway feels strain from U.S.-China decoupling
Among signs of disruption are plunging fees, fewer services and a pall of uncertainty over what for decades has been one the main maritime highways of the global economy.

Longform

After pandemic-era border regulations eased, Indian migrants began returning to Japan. Their population now stands at more than 50,000 across the country.
How remote work is rewriting the migrant experience in Japan