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 on the latest figures from China, the world’s second largest economy, Bloomberg said the “engines of China’s economy are spluttering with exports falling, factory output slowing, investment at a record[Read More…]
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 the global economy is moving into recession. In response to the Wall Street decline, markets in Asia fell with Japan’s Topix index down 1 percent while the Australian market dropped[Read More…]
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 label China a “currency manipulator,” following Beijing’s move to allow the renminbi to fall. The extreme volatility has prompted questions about the stability of the global financial system. But the[Read More…]
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 and has called on Washington and Beijing to pull back. In a report published earlier this week, the IMF estimated that the latest round of tariffs could see a reduction[Read More…]
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. In its Global Economic Prospects report issued last week, entitled “Darkening Skies,” it stated that “storm clouds are brewing for the global economy” and contrasted the situation with that of a year[Read More…]
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 at the end of last week put the annual growth rate for the third quarter at 6.5 per cent. This was below market expectations of 6.6 percent and down from[Read More…]
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 10 percent tariff of $200 billion worth of Chinese goods by the end of August. The latest decision comes on top of the imposition of a 25 percent tariff on[Read More…]
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 Chinese goods from midnight, with a further $16 billion to be targeted in the near future. The action is the first shot in a direct trade war against China, with[Read More…]
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 ousting of Jacob Zuma who had held the presidency since 2009. The move against Zuma was set in motion last December when Ramaphosa won a closely fought struggle within the[Read More…]
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 Great Depression of the 1930s. According to a report issued by the Organisation for Economic Cooperation and Development last month: “The global economy is now growing at its fastest pace[Read More…]
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 of the country’s debt. Zhou, who is expected to retire soon from his position as head of the central bank, made his remarks at a sideline meeting during the Chinese[Read More…]
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 major capitalist powers. This is the implication of three reports issued by the International Monetary Fund in preparation for its annual meeting, which begins in Washington today. The World Economic[Read More…]
A Love Story in a Turbulent Time 
It’s the economy, stupid! Or is it the stupid economy? 
About half of Oklahoma is Native American land, rules U.S. Supreme Court 
Fetishising ‘The Number’: How Not To Govern Pandemics, Climate and Biodiversity 
Caste Atrocities in Tamil Nadu in the wake of Covid-19 Pandemic 
The Hypocrisies of Recognition: The Supreme Court, Native Americans and the McGirt Case 
Sharjeel Usmani, another Muslim student leader, falls victim to Hindutva State 
The Tremendous But ‘Secret’ Success Of Socialist Vietnam 
Corona, caste discrimination and the lives of Sanitation Workers 
JCPOA: The Deal That Wasn’t 
The Dogs Of Empire! 
Trump, Tulsa, and the Rise of Military Dissent 
Veterans Statement On India – China Stand-Off 
Introducing The African Cheetah In India: A Risk Worth Taking? 
Letter To Prime Minister On Coal Auction 
Indo-China Conflict And USA 
COVID-19: Infection Rate Per Million Population In Select Countries, Provinces And Countries – 4 July 2020 
A Look At The Past, Present And Future Of The China –Indian Border Dispute 
Elderly and the Culture of ‘Adda’ 
The Coronavirus Republic: Three Million Infections and Rising 
ICMR Exhumes, Revives Nazi Era Template For Vaccine Trials 
Neoliberal Psychological Romanticism: From The Primal Scream To The Collective Unconscious – Part II 
On Israel’s Bizarre Definitions: The West Bank is Already Annexed 
China achieving its Military Objectives in Ladak de-escalates tension 
The ‘Invaluable’ Bud 
Donald Trump 
Industrial Peril- An ongoing phenomenon in India amidst COVID 19 pandemic 
Party building, the way of the Communists and the Congress 
The Pandemic Must Transform Our Agriculture 
The Unbecoming of Indian Women 
Lal koul : The lost treasure 
Who got U.S. Paycheck Protection loans? They include Hedge funds and Kanye West 
Shadow of Laxmanpur Bathe on Bihar Election 
Kerala: Urgent Need for Review of Cost-Benefits of Proposed Semi High-Speed Train Project 
Netanyahu’s Annexation Drive 
Buffalo Soldiers and House Niggas 
Desperation As Art: 50 Years Of Güney’s ‘Hope’ 
The United States has set out to fish in the muddy waters of the Indo-China conflict 
Wistful Memories: The dying Shitalakhya River 
Turkey: Hagia Sophia should not be converted to a Mosque 
Today, the Republic of India faces its gravest moment since it was born seventy years ago. What has hit the second most populous nation in the world – just in the last few months itself – is nothing short of a crisis of Biblical proportions. An untreatable viral epidemic, a debilitating lockdown, a collapsed economy, hunger stalking every corner of[Read More…]
