Economy

Fears are growing that action by the US central bank to combat high inflation will trigger a fresh debt crisis, as it emerged poor-country repayments to creditors are already running at their highest level in two decades.The Jubilee Debt Campaign said debt payments by developing countries had more than doubled since 2010 and were likely to…

NEW YORK, Nov 16 (Reuters) - Former President Donald Trump's entry on Tuesday into the 2024 presidential race confirmed the world's "worst kept secret" and created another variable for markets that some investors say remains a low priority for now.Trump, who has mounted relentless attacks on the integrity of U.S. voting since his 2020 election…

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeFriday, January 14, 2021Don’t look now but the supply crisis isn’t getting betterNo, it’s not your imagination: Shelves in a lot of stores are still empty, and that item you ordered is taking longer…

World Economic Forum founder and Chair Klaus Schwab recently sat down for an interview with a Chinese state media outlet and proclaimed that China was a "role model" for other nations. Schwab, 84, made these comments during an interview with CGTN’s Tian Wei on the sidelines of last week’s APEC CEO Summit in Bangkok, Thailand. Schwab said he…

As 2022 quickly progresses towards the end of a turbulent first month for markets, it appears that the transitory vs. persistent inflation debate, which was a hot topic for financial markets in the late summer and early fall of 2021, is coming to a close: Inflation has been more persistent than a transient and impermanent blip in an otherwise…

For good or ill, the modern British economy was forged in the 1980s. The deregulated labour market, the dominance of the City, the north-south divide, the privatised public utilities, high levels of personal debt, the chronic trade deficit and the key role played by the housing market are all legacies of the decade when Margaret Thatcher was…

A San Francisco grocery store.David Paul Morris/Bloomberg via Getty ImagesInflation is taking a big bite out of workers' paychecks, eroding many of the raises businesses have offered to attract and keep employees in a hot job market.But strong wage growth in certain sectors, such as hotels and restaurants, has eclipsed those consumer price leaps…