Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
Category: International Trade and World Market
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Global Economy May Be in a ‘Lost Decade,’ World Bank Warns
The New York Times – Business:Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.
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The Lure of the ‘Made in America’ Sales Pitch
The New York Times – Business:Geopolitics forced an entrepreneur, Taylor Shupe, to bring jobs back from China. It’s helping sell his meme-inspired socks too.
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Support Grows to Have Russia Pay for Ukraine’s Rebuilding
The New York Times – Business: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.
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China’s Rise Relied on the West. Xi Jinping Is Turning Away.
The New York Times – Business:The Chinese leader has edged ever closer to Russia, while distancing China from countries that have helped it develop over the past four decades.
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China Wine Tariff Pushes Australia’s Grape Growers Into Crisis
The New York Times – Business:Two years later, they’re suffering from a glut of red wine and plummeting grape prices with no overseas market big enough to fill the gap.
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Asian Markets Drop After Credit Suisse Moves to Borrow Billions
The New York Times – Business:Stocks were set to open higher in Europe and the United States after days of volatility, but markets in Asia were down as fears grew about unseen risks.
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Stocks Are Poised to Rise Monday as Regulators Act on Silicon Valley Bank
The New York Times – Business:Officials in Japan, South Korea and India, some of Asia’s largest economies, assuaged concerns of a global ripple effect coming from the United States.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
The New York Times – Business:President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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U.S. and Europe Angle for New Deal to Resolve Climate Spat
The New York Times – Business:American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.
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U.S. Considers Vaccinating Chickens Amid Bird Flu Outbreak
The New York Times – Business:The largest outbreak of avian influenza in U.S. history has driven up egg prices and raised concerns about a human pandemic, though C.D.C. experts say the risk of that is low.
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U.S. to Challenge Mexican Ban on Genetically Modified Corn
The New York Times – Business:The Biden administration said it would request talks with Mexico over a brewing trade fight.