Global economy

Italy joins China’s Belt and Road project

Italy has become the first G7 nation to endorse the Belt and Road Initiative, China’s controversial series of global infrastructure investments.

MMT: shaking the magic money tree

“Modern monetary theory” – or MMT – is all the rage among progressive thinkers, especially in the United States. What is it? And does it stand up to scrutiny? Stuart Watkins reports.

Tourism is booming as China’s consumers head abroad

The world’s biggest travellers are still Europeans, but emerging markets, led by China, are now spearheading a new phase of a long-term upswing in worldwide tourism, says Jonathan Compton.

Corporate zombies are eating our brains

With productivity falling around the world, many fear the global economy is stagnating. That’s possible, says John Stepek. But it could also be that low interest rates are creating a new breed of zombie corporation that’s sapping our ingenuity.

A genuinely scary moment for markets

Markets took fright on Friday after the US Treasury bond “yield curve” inverted. John Stepek explains what that means, and why markets fear we could be heading for a recession.

A revival of Thai democracy?

Thailand’s election will be flawed, but it’s a step forward. Matthew Partridge reports.

The tax havens hoarding billions

Tax havens have come under scrutiny as governments scramble to fill their coffers. What, if anything, should be done about them? Simon Wilson reports.

Forget Trump or Opec – here’s what really drives the oil price

Donald Trump doesn’t like high oil prices. Oil cartel Opec does. But it doesn’t matter what either of them wants – they don’t control the oil price. John Stepek explains what does.

Money printing: the cure that became a disease

Over the last ten years, major central banks have printed money and injected it into the economy in order to avoid another Great Depression.

Business and #MeToo: expect more to come

Revelations of wrongdoing and sexism may just be the start of a new business-shaking #MeToo movement, says Matthew Lynn.

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