Economy

Ethiopia and Eritrea embrace peace

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

Far-right falls short in Sweden

But the party has shifted the terms of the debate. Matthew Partridge reports.

Duterte butts heads with the military

Philippines president Rodrigo Duterte has had the limits of his executive power exposed after a botched attempt to imprison his chief opposition critic.

Brexiteers call for May to go

Yet the rebels are unable to agree on a viable successor – or a credible Brexit plan. Emily Hohler reports.

South Africa slips into recession

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.

Our progress since 2008? Ten years older, and deeper in debt

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.

Ten years on: was it right to bail out the banks?

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.

Ten years on: what’s changed? Are the banks less dangerous now?

Ten years ago, the banks brought the global financial system to its knees. John Stepek looks at what lessons – if any – have been learned since then.

Ten years on: the biggest driver of the 2008 financial crisis has only got worse

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.

Britain will miss out on the legalised cannabis high

With legalised cannabis, a new multi-billion-dollar industry is beginning to flower. But Britain won’t get a look-in, says Matthew Lynn.

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