With characteristic lack of restraint, the Trump administration last week jumped the gun on the World Bank presidential election process by naming David Malpass as its preferred candidate to succeed Jim Yong Kim. The formal nomination process, which...
Growing tension between the world’s major powers is the most urgent global risk and makes it harder to mobilise collective action to tackle climate change, according to a report prepared for next week’s World Economic Forum in Davos, Switzerland. T...
Shares on Wall Street fell in early trading on Friday, as global markets headed for their longest losing streak in five years. New York’s Nasdaq index lost 2.5% after the opening bell in the wake of a poor set of tech results on Thursday, continuing...
A blacklist of 21 countries whose so-called “golden passport” schemes threaten international efforts to combat tax evasion has been published by the west’s leading economic thinktank. Three European countries – Malta, Monaco and Cyprus – are among t...
Donald Trump has issued China with a renewed threat that he could impose $200bn of import tariffs on Chinese goods arriving in America as part of the escalating trade war between Washington and Beijing. The US president used a post on Twitter to war...
The billionaire philanthropist and financier George Soros has called for the EU to compensate Italy for migrants landing there, as the country’s hardline new interior minister made his first official trip a provocative one, to one of their main arri...
The tit-for-tat exchange of tariffs between the United States and China gives the impression the world’s two biggest economies are headed down the road towards a trade war, which would have hugely damaging economic consequences. But this could be av...
After firing the opening shots of a trade war, China and the US have entered what is likely to be a protracted standoff as they jockey to win concessions from each other and avoid hurting their respective economies. Eleven hours after the White Hous...
China has implemented retaliatory tariffs of up to 25% on $3bn in food imports from the US, raising uncertainty over the possibility of a trade war between the two countries. China’s ministry of commerce said it would be “suspending tariff concessio...
Legal barriers that prevent women from working or limit their opportunities to own a business are having a negative impact on global growth and economic equality, a World Bank study has found. The absence of laws offering protection from domestic vi...
Investors should be rightly fearful of [the Facebook selloff] given that the tech sector has driven most of the gains in US markets over the past 18 months. A meltdown in this sector has the potential to get very messy indeed, with related ripple ou...
Financial markets have taken fright after Donald Trump fired the latest shots in an escalating trade war between the world’s two biggest economies by announcing $60bn (£42.5bn) of further tariffs on China. Amid relief in Brussels that the EU had won...
The expected rise in US interest rates will increase financial pressures on developing countries already struggling with a 60% jump in their debt repayments since 2014, a leading charity has warned. The Jubilee Debt Campaign said a study of 126 deve...
Too little and far too late. Six words that sum up the performance of the Italian economy in the decade since the financial crisis, and that go a long way towards explaining the support for populist parties in the election. Indeed, if ever there was...