How the Tariff War Could Turn Into the Next Lehman
A decade on, we still don’t get the deeper interconnections in the global economic system—or how it could blow up again.
The European Union needs to defend its economic sovereignty from U.S. overreach. Creating its own agency for sanctions enforcement would be a start.
China’s Zombie Firms Can’t Lurch Forever
As state-backed companies' debts mount, China faces an inevitable slowdown.
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.
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 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?
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.
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.
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.
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.
Japanese Retail Giant to Stop Selling Ivory
But without a significant turnaround, elephants could be on their way to extinction.
China Opens Its Bond Market To International Investors
Wall Street has long wanted to invest in Chinese debt.
Islamic State Revenues Down 80 Percent from 2015
A new report says the caliphate’s days are numbered.
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.
Two Japanese Banks Bail on London Ahead of Brexit
The exodus from the City is starting to look like a stampede.
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.
Trump’s Trade Restrictions Could Miss China and Slam Everybody Else
As a national security probe into steel and aluminum imports finishes up, a new analysis warns restrictions could hamstring U.S. allies more than Beijing.
House Republicans Quietly Gut Dodd-Frank Protections
But the bill that made it through the House isn’t likely to survive in the Senate.