Category: Economic Conditions and Trends

Meet the Xi Jinping Loyalist Now Overseeing China’s Economy

He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.
Support Grows to Have Russia Pay for Ukraine’s Rebuilding

Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.
China’s Rise Relied on the West. Xi Jinping Is Turning Away.

The Chinese leader has edged ever closer to Russia, while distancing China from countries that have helped it develop over the past four decades.
Bank of England to Weigh a Rate Increase After a Jump in Inflation

As policymakers assess an inflation rate that persists in double digits, as well as risks in the banking sector, analysts predict a quarter-point increase.
U.K. Inflation Swings Upward, in a U-Turn

Prices in Britain reversed a recent downward trend, rising by 10.4 percent in the year through February.
Xi and Putin Bind China and Russia’s Economies Further, Despite War in Ukraine

On the second day of the Chinese leader’s state visit in Moscow, Xi Jinping and Vladimir V. Putin declared an enduring economic partnership, in an effort to insulate their countries from punitive Western measures.
The Head Spinning Reality of Venezuela’s Economy

After years of extreme scarcity, some Venezuelans lead lives of luxury as others scrape by. The nation of grinding scarcity has increasingly become one of haves and have-nots.
Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan

The nation, having weathered negotiations with Japan, India and China, hopes the emergency funds from the International Monetary Fund will see it through its debt crisis.
In Budget Speech, U.K. Government Will Issue a Call to Work

In a major policy speech, Jeremy Hunt, the chancellor of the Exchequer, is expected to offer plans to promote greater work force participation.
Britain Wants Its Early Retirees Back, but Their Days Are ‘Never Boring’

The country’s work force is smaller than it was before the pandemic, sapping economic potential. The government is going to try luring more people off the sidelines.
In Budget Talks, Biden Rejects Hard Choices of the Past

The president has met Republican demands for debt reduction with a plan to trim deficits by taxing companies and the rich.
As Economy Falters, China’s New Premier Tries to Boost Business Confidence

Li Qiang, the country’s No. 2 leader, sought to reassure entrepreneurs who have been wary of making new investments.