Trump will launch tariff war to defend dollar supremacy
Incoming US president Donald Trump has said he intends to use his ever-expanding threat of a tariff war to ruthlessly defend the position of the dollar as the pre-eminent global…
Nick Beams
Interest rate hikes leading to recession, UN says
The United Nations has added its voice to the growing list of international organisations, including the World Bank and the World Trade Organisation, warning that interest rate hikes imposed by…
Oxfam report: Poorer countries going from crisis to catastrophe
In the lead up to the semi-annual meetings of the International Monetary Fund (IMF) and the World Bank being held in Washington this week, the global aid agency Oxfam has…
Oxfam report highlights widening pandemic inequality in Asia
A report issued by the British-based international aid agency Oxfam last week has highlighted the rapid escalation of economic and social inequality in the Asia-Pacific region during the COVID-19 pandemic,…
Growth continues to slow in major economies
Data from the world’s major economies, released over the past few days, show that the “synchronised” global slowdown pointed to by the International Monetary Fund is worsening. In its report…
Financial turbulence continues as major economies move towards recession
Markets around the world fell yesterday in response to the biggest fall on Wall Street for the year on Wednesday, amid further indications from bond markets and production data that…
Concerns grow over global financial stability
The current turmoil in financial markets was set off by the Trump administration’s threat to impose tariffs on an additional $300 billion worth of Chinese goods and its decision to…
IMF warns of growing trade war
The head of the International Monetary Fund Christine Lagarde has repeated earlier warnings that the trade war between US and China threatens to result in a cut to global growth…
World Bank warns of “storm clouds” over global economy
The World Bank has added its voice to those warning of a worsening outlook for the global economy this year, amid signs that some major economies could experience a recession.…
China growth slows to lowest level since financial crisis
The growth rate of the Chinese economy has fallen to its lowest level since the beginning of 2009 in the immediate aftermath of the global financial crisis. Official figures released…
Trump escalates trade war against China
The Trump administration has stepped up its trade war against China with the announcement that US Trade Representative, Robert Lighthizer, will begin an investigation with a view to putting a…
Trump fires opening shot in trade war against China
The Trump administration has gone ahead with its threat to impose tariffs on China under section 301 of the 1974 US Trade Act, imposing levies on $34 billion worth of…
Ramaphosa Installed as South African President
Former trade union boss Cyril Ramaphosa has been sworn in as president of South Africa following an intense battle within the ruling African National Congress (ANC) which led to the…
Bitcoin Frenzy: The Fever Chart Of A Deepening Crisis
According to the official scenario, the world economy is enjoying its best period of growth since the global financial crisis of 2008-2009, which ushered in the worst recession since the…
China Faces Growing Debt Problems, Says Central Bank Governor
A warning by the governor of the People’s Bank of China, Zhou Xiaochuan, that the country’s financial system faces a possible “Minsky moment” has again raised concerns over the level…
IMF Warns Of Record High Global Debt
Eight years after the eruption of the global financial crisis, the conditions are being created for another meltdown of even bigger proportions, amid rising geo-political and economic tensions between the…
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