Since the second half of 2012, financial markets have recovered strongly worldwide. Indeed, in the United States, the Dow Jones industrial average reached an all-time high in early March, having risen by close to 9% since September. In Europe, European Central Bank President Mario Draghi’s “guns of August” turned out to be remarkably effective….But this financial market […]
Under sanctions imposed by the U.S. and its allies, dollars are hard to come by in Iran. The rial fell from 20,160 against the greenback on the street market in August to 36,500 rials to the dollar in October. It’s settled, for now, around 27,000. The central bank’s fixed official rate is 12,260. Yet there’s […]
It had been a brutal August for India’s Congress party: economic growth was wilting, the monsoon rains were failing and the opposition had it cornered on yet another corruption scandal. In stepped Sonia Gandhi to revive the morale of the ruling party’s lawmakers, exhorting them at a meeting to “stand up and fight, fight with a […]
looking beyond borders 