As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
Category: World Bank
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Hoarding Is Driving Energy Prices Higher Everywhere
The New York Times – Business: -
Bessent Questions the Cause of Climate Change and Its Economic Toll
The New York Times – Business:The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
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I.M.F. Says Iran War Will Drag Global Growth Lower
The New York Times – Business:Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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As Debt Piles Up, Countries See Fiscal Relief as Political Leverage
With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt forgiveness deals.
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World Bank Forecast Underscores Cost of U.S. Trade War
Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.
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Global Economic Leaders Gathering in U.S. Confront Trump’s New World Order
The I.M.F. and World Bank are holding their spring meetings as President Trump’s trade war upends the global economy.
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Steven Madden C.E.O. Says It Is Moving Production Out of China
The prospect of higher tariffs under President-elect Trump spurred the company to accelerate its plan to shift where its shoes are made.
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I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
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I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
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Yellen Rebukes Chinese Lending Practices in Call for Debt Relief
In an interview, the Treasury secretary also highlighted progress at the World Bank and the International Monetary Fund ahead of annual meetings this week.
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The Climate Fix: Solutions for a Warming World
In a new weekly feature of our Climate Forward newsletter, we’re covering the vast amount of investment, ingenuity and scientific expertise that are going toward stopping climate change.