As so often with the Trump administration, it’s easy to get bogged down in the contradictory, unusual or flat-out salacious headlines. Solar panels! Washington machines! Den of the globalizers! No female CEOs! But Trump’s first trade week of 2018, which began with the imposition of retaliatory tariffs and ended with him giving a speech in […]
What’s clear is that almost overnight the US has transformed from a pre-eminent advocate of free trade into a protectionist villain in the eyes of both friends and foes. The bigger threat, however, is trade war turning into hot war, as the nationalist fervour extinguishes the fruits of globalisation. Read Here – Al Jazeera
Falsifying or padding out data has been refined to an art form among China’s local bureaucrats, since good economic growth figures not only look and feel good but are benchmarks for their career advancement.This has given rise to a popular saying that “data makes an official and an official makes data”. Read Here – South China […]
The threat of large-scale cyberattacks and a “deteriorating geopolitical landscape” since the election of U.S. President Donald Trump have jumped to the top of the global elite’s list of concerns, the World Economic Forum said ahead of its annual meeting in Davos, Switzerland. Read Here – Bloomberg
According to the Sovereign Wealth Fund Institute, the funds of Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait have a combined $2.8 trillion in assets under management. These governments are using their national wealth as a strategic tool of power projection as never before and blurring the line between economic and political decision-making. Read Here – Foreign Policy
A top Chinese drone manufacturer and a police-backed facial recognition firm are among dozens of companies set to receive state subsidies as China seeks to become a global powerhouse in internet technology, big data and artificial intelligence. Read Here – South China Morning Post Also See: The Economic Impact Of Artificial Intelligence China Is On […]
It was a great year for copper, Ukrainian stocks, palladium. Uzbekistan’s currency, Venezuelan bonds and sugar not so much. It was a great year to hold bitcoin, but a bad time to have been invested in the Uzbek soum. Read Here – Bloomberg
Seven years ago, the U.S. led an effort to address a problem facing governments everywhere. Each year, people manage to avoid paying an estimated $2.5 trillion in income tax — a giant sum that could be used to combat poverty, update infrastructure or lower tax rates for law-abiding citizens. Now, however, the U.S. is becoming one of […]
The world economy is enjoying a synchronised recovery. But it will prove unsustainable if investment does not pick up, especially in high-income economies. Debt mountains also threaten the recovery’s sustainability, as the OECD, the Paris-based group of mostly rich nations, argues in its latest Economic Outlook. This report is the swansong of Catherine Mann, who […]
If every currency is a consensual delusion, then bitcoin, a digital cryptocurrency that changes hands over the internet, feels more like a consensual hallucination on psychedelic drugs. Read Here – The Atlantic Also Read: Why Bitcoin Fever Is A Bubble Waiting To Burst
looking beyond borders 