Global economy

Saudi Arabia’s diplomatic war with Canada

Saudi Arabia’s response to mild criticism from Canada seems to demonstrate that it is no longer inclined to turn a deaf ear. Matthew Partridge reports.

Chart of the week: Britain’s tax burden

When it comes to taxation, our approach resembles our geography: we are somewhere between Europe and the US, and this chart shows.

Turkey’s coming default will shake the world

The emerging market may not seem like a significant player in the global economy, but if it reneges on its debt, that could have huge repercussions. John Stepek reports.

Elon Musk is hurting capitalism

For capitalism to thrive, there needs to be a strong shareholder base of ordinary investors, says Merryn Somerset Webb. Taking Tesla private sends the wrong signal.

What do Turkey, Italian debt and falling global house prices have in common?

For all their rhetoric, populists from Italy’s Matteo Salvini to Turkey’s President Erdogan will discover to their cost that they can’t fight the market. John Stepek explains what that will mean for your money.

Turkey is just the canary in the coal mine

Turkey’s President Erdogan is pointing fingers for the collapse of the lira. But Turkey was never a target, says John Stepek. Rather, it is a victim of a changing economic environment.

Things are getting ugly in Turkey – what does that mean for global markets?

Turkey’s currency is crashing, its debt is spiralling out of control, and foreign investors are deserting the country. If things get worse, says John Stepek, it could spark wider trouble.

Dr Copper’s grim prognosis for the global economy

The price of copper has slumped by 18% in the past year it –  a worrying sign for the global economy.

Asia's emerging markets: collateral damage in the trade wars

If trade tariffs lead to a slowdown in Chinese imports to the US, there would be knock-on effects for the emerging-market countries caught up in China’s supply chain.

Trump imposes sanctions on Iran – but does it matter?

Donald Trump has imposed sanctions on Iran. But the measures are unlikely to achieve much. Matthew Partridge reports.

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