Finance

A Chinese worker loads coal into a furnace on November 3, 2016 in Inner Mongolia, China. (Kevin Frayer/Getty Images)

China’s Zombie Firms Can’t Lurch Forever

As state-backed companies' debts mount, China faces an inevitable slowdown.

Iranian Foreign Minister Javad Zarif and his German counterpart, Sigmar Gabriel, speak to the media following talks in Berlin on June 27, 2017. (Sean Gallup/Getty Images)

Europe’s Sanctions-Blocking Threats Are Empty

When it comes to Iran sanctions, the EU must satisfy Trump’s demands. Access to the U.S. financial system hangs in the balance.

Bitcoin and other financial innovations are proliferating, Jan. 1, 2013. (Zach Copley/Flickr)

U.S. Sanctions Weapon Is Under Threat — but Not From Bitcoin

Forget cryptocurrencies. The real threat to American sanctions power is rapid technological innovation in finance.

Saudi Crown Prince Mohammad Bin Salman and the landscape near the planned city of Neom.
 (Foreign Policy illustration/Fayez Nureldine/AFP/Getty Images/NEOM)

Saudi Arabia Is Betting Its Future on a Desert Megacity

Can Crown Prince Mohammed bin Salman’s ambitious plans jumpstart social and economic reform, or are they an expensive miscalculation?

The sign and logo of Wanda Group, a Chinese multinational conglomerate corporation and FIFA partner, on Oct. 13, 2016 at FIFA headquarters in Zurich. (Fabrice Coffrini/AFP/Getty Images)

It’s No Accident That China’s Tycoons Are Bad Investors

The first priority for wealthy Chinese has been to move as much money abroad as possible. If Beijing has its way, that won't be an option anymore.

WASHINGTON, DC - OCTOBER 22: Pakistani Prime Minister Nawaz Sharif arrives at the White House October 22, 2015 in Washington, DC. The Prime Minister participated in a bi-lateral meeting with President Barack Obama in the Oval Office. (Photo by Mark Wilson/Getty Images)

The Downfall of Nawaz Sharif and the Triumph of Stupidity

Pakistan’s democracy is stronger with the removal of the prime minister on corruption charges. But the primacy of the armed forces remains intact.

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China’s Seen Globally As Gaining Ground on United States

The world is souring on the U.S. and Trump and taking a shine to China despite all its struggles.

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As America Retreats, the World Moves Forward on Trade

American companies might not feel it yet, but they’re already falling behind their foreign competitors.

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Japanese Retail Giant to Stop Selling Ivory

But without a significant turnaround, elephants could be on their way to extinction.

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China Opens Its Bond Market To International Investors

Wall Street has long wanted to invest in Chinese debt.

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Islamic State Revenues Down 80 Percent from 2015

A new report says the caliphate’s days are numbered.

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The Lights Are on at the Committee on Foreign Investment in the United States, but Nobody Is Home

The committee charged with protecting national security from risky foreign investments is understaffed and besieged by a surge in cases.

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Two Japanese Banks Bail on London Ahead of Brexit

The exodus from the City is starting to look like a stampede.

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Europe, Once Again, Kicks a Long-Term Solution to Greek Debt Down the Road

Everyone says Athens needs debt relief. But Germany won’t give it.

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