Global economy

Brussels stands up to Orbán

Hungarian prime minister Viktor Orbán suffers a humiliation at the hands of the European Parliament.

Peace with Kim – the least bad option

Accepting Kim Jong-un’s offer for nuclear disarmament may be naive, but it’s the best option on the table.

MoneyWeek saw the financial crisis coming

Many people still think no one foresaw the financial crisis, says Merryn Somerset Webb. And that’s just as the big banks would have it.

Good news! Wages are finally rising for everyone

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 biggest economic change in the last ten years that no one talks about

Fracking for oil has made the US energy independent. Its effects have spread far beyond the energy markets, says John Stepek, shifting the global economy’s balance of power.

Why the best response to the financial crisis would have been a recession

The authorities’ response to the 2008 financial crisis may have ended up neutering capitalism – the greatest poverty destroying system ever.

Carving up the Caspian Sea

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?

Another crisis will be along soon enough

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.

Ten years on: why did Lehman Brothers go bust?

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?

Ethiopia and Eritrea embrace peace

This week’s formal reopening of the border between Ethiopia and Eritrea cements a stunning reconciliation.

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