Tag - global

 
 

GLOBAL

A trader on the floor at the New York Stock Exchange on July 26
BUSINESS / Markets
Aug 15, 2023
U.S. loss of AAA badge shows shift in views on government debt
Fitch Ratings flagged not only U.S. governance but also higher rates driving up debt service costs, an aging population and rising health care spending.
As long as coal plants are still operating, it is a good idea to make them capture their carbon dioxide emissions. But the sooner that coal is replaced by renewables, the better it will be for the planet.
COMMENTARY / World
Aug 11, 2023
Carbon capture and the changing economics of power generation
Carbon capture policies could unwittingly extend the life of dirtier energy sources.
People buy food at stalls promoting China's digital yuan, or e-CNY, during the 2022 China International Fair for Trade in Services in Beijing in September 2022.
BUSINESS / Markets
Aug 10, 2023
With blockchain 'bridge', China challenges U.S. dollar dominance
A Beijing-backed digital prototype for sending money around the world without relying on U.S. banks is advancing quickly.
A shopper at a Beijing grocery store in 2022. China's consumer and producer prices have both declined from 12 months ago, indicating that the world’s second-largest economy may be weakening.
BUSINESS / Economy
Aug 9, 2023
China shows signs of deflation as consumer and factory prices fall
A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on China's economic recovery.
Containers stored at the Yangshan Deep-Water Port in Shanghai in 2020
BUSINESS
Aug 9, 2023
Not decoupling, but West and China drift apart
Official data showed a 14.5% drop in July exports amid weak consumer demand in the world markets served by China — the fastest decline since the pandemic.
Now in their fourth year, Hong Kong's security crackdowns have led to the exodus of hundreds of thousands of people, resulting in grave manpower shortages and a stain on the city's image as place to do business.
COMMENTARY / World
Aug 9, 2023
Hong Kong needs to protect its image as a financial center
In Lee’s view, while reviving Hong Kong’s role as a global financial center, it is vital to continue the crackdown on perceived threats.
A market in Kolkata, India. Developing nations are demanding control of their resources, in part by insisting on factories in their own countries.
BUSINESS / Economy
Aug 8, 2023
The Global South breaks away from the U.S.-led world order
Developing nations are demanding control over their resources and reordering relationship that date back to colonial times.
Members and supporters of the San Francisco Taxi Workers Alliance attend a rally outside the California Public Utilities Commission headquarters in San Francisco on Monday.
BUSINESS / Tech
Aug 8, 2023
Will AI be an economic blessing or curse? History offers clues
History shows the economic impact of technological advances is generally uncertain, unequal and sometimes outright malign.
Researchers have developed a new method to analyze climate history and their findings align with current climate models.
COMMENTARY / World
Aug 6, 2023
Science offers closer look at the Medieval Warming Period
Medieval Warming Period saw a population boom in Europe and the collapse of civilizations in the Americas
The U.S. Capitol in Washington. After its downgrade of the U.S., Fitch’s AAA club now consists of Germany and Australia, along with seven others, including smaller, rich countries such as Switzerland and Luxembourg.
BUSINESS
Aug 4, 2023
Pristine AAA bond universe just got a whole lot smaller
Fitch's U.S. downgrade is the latest example of a decadelong trend in rich economies as worries about high and rising debt burdens come to the fore.
Russian Foreign Minister Sergei Lavrov and the chairperson of the African Union Commission, Moussa Faki Mahamat, attend a document signing ceremony during the Russia-Africa Summit in Sochi, Russia, in October 2019.
COMMENTARY / World
Aug 2, 2023
China’s weaponization of race and history
BRICS nations seek a more equitable global architecture that represents the interests of the Global South as China uses race to challenge the West.
JAPAN
Aug 1, 2023
July in Japan saw second-highest number of days over 35 C for the month
Temperatures above 35 C were recorded at 2,435 locations, with climate change and El Nino contributing to scorching heat.
A new high-rise is erected in Beijing in October 2021. The same year, 41% of the assets in China’s banking system were accounted for by property-related loans and credit.
COMMENTARY / World
Aug 1, 2023
Is Japan’s economic past China’s future?
China is facing a long period of low growth similar to Japan’s experience since the 1990s.
China and India both began liberalizing their economies around the same time in the 1980s. But China invested more in human-capital and is now benefiting from that decision.
COMMENTARY / World
Aug 1, 2023
Unlike China, India cannot be an economic superpower
In the 1980s, the belief among observers was that an authoritarian Chinese regime would mismanage its economy while a democratic India would thrive.
A worker stands in front of a machine on a yarn production line in Putian, Fujian province, China, in February 2021.
BUSINESS / Economy
Jul 31, 2023
China's factory, services sectors show weakness, need for stimulus
Construction sector activity for July was its weakest since COVID-19-related workplace disruptions dissipated around February.
The Cushing storage hub in Oklahoma. Crude oil stock declines have been geographically uneven so far, with inventory falls in the United States and Europe offset by increases in China and Japan.
BUSINESS
Jul 31, 2023
Oil inventory drops set stage for higher prices
Oil inventories now play a bigger role in determining prices than the U.S. dollar because sanctions on Russia have sped up trading in other currencies.
Activists dressed as debt collectors call for finance action during a demonstration outside the IMF-World Bank headquarters in Washington in October 2021.
COMMENTARY / World
Jul 28, 2023
The World Bank reflects our ambition
In an environment of intertwined challenges, such as an existential climate crisis, pandemic recovery and a crippling European war, the World Bank has never been more relevant.
In the international market, a larger number of airlines went bankrupt compared to domestic fliers due to the pandemic, with low-cost, long-haul carriers getting hit particularly hard.
COMMENTARY / World
Jul 28, 2023
Post-pandemic travel boom is running out of steam
Fare promotions and other signs of weakening domestic demand show business is leveling out for airlines after post-COVID-19 boom.
The ASEAN Post Ministerial Conference with Japan at the Association of Southeast Asian Nations foreign ministers' meeting in Jakarta on July 13
COMMENTARY / World
Jul 26, 2023
Is ASEAN part of the 'Global South'?
Despite the effort put into its formation, the Group of 20’s failure to function as hoped may well have brought about the Global South narrative.
The Central Business District on a rainy day in Beijing. Both U.S. and European companies with exposure to China could be hit by its sluggish growth as its post-COVID-19 momentum has faltered rapidly.
BUSINESS / Economy
Jul 21, 2023
China's sagging economy looms over quarterly results around the world
Both U.S. and European companies with exposure to China could be hit by that economy's sluggish growth as its post-COVID momentum has faltered rapidly.

Longform

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