For the first time in a decade, wages are rising for young as well as older workers. Merryn Somerset Webb looks at what this means, and where it might lead.
The five states bordering the Caspian Sea, which is rich in fossil fuels, have just reached a deal trumpeted as a “regional constitution”. What now?
We can’t tell you exactly when the next crisis will be or what will cause it. But we can tell you for certain that there will be one.
John Stepek examines why investment bank Lehman Brothers went bust ten years ago and asks: should it have been saved, and would things have been any different if it had?
This week’s formal reopening of the border between Ethiopia and Eritrea cements a stunning reconciliation.
But the party has shifted the terms of the debate. Matthew Partridge reports.
Philippines president Rodrigo Duterte has had the limits of his executive power exposed after a botched attempt to imprison his chief opposition critic.
South Africa’s economy fell into recession in the second quarter of 2018, contracting by 0.7% after a decline in GDP between January and March.
A decade on from the collapse of Lehman Brothers, it doesn’t look like we’ve learnt any of the lessons of the credit crunch. But the next crisis won’t look the same as the last one, says John Stepek.
During the 2008 financial crisis, taxpayers had no choice but to underwrite the entire banking industry. And we’re still doing it, says John Stepek.
The 2008 financial crisis was a result of “moral hazard” – individuals did not bear the full consequences of their actions. Nothing much has changed since then, says John Stepek.