The global economy has undergone a dramatic transformation over the past two decades, driven not least by the 2008 global financial crisis, the United Kingdom’s 2016 vote to leave the European Union, and the escalating rivalry between the United States and China. The International Monetary Fund’s latest World Economic Outlook, published this past April, shows how […]
Top trade negotiators from Canada and the United States have met for the third day running in Washington, DC, as they try to finalise a trade deal before new American tariffs start on Saturday. Friday’s negotiations are designed to head off the 50-percent import taxes US President Donald Trump has threatened against around $20bn worth […]
Türkiye Sets Economic Roadmap as 2027 Budget Plans Take Shape Türkiye’s economic administration is preparing the Medium-Term Program (MTP) to set the country’s economic direction for the next three years, alongside efforts to draft the central budget for the 2027 fiscal year. The MTP covers the period from 2027 to 2029, and it is expected […]
The Swiss Franc (CHF) resumes its upside journey against the US Dollar (USD) on Friday after a corrective move the previous day. The USD/CHF pair is down 0.17% to near 0.7990 in the Asian trading session. The Swiss Franc pair is expected to remain under pressure as heightening United States (US) debt concerns have weighed […]
Government borrowing costs around the world have surged to the highest levels in decades amid growing fears over US bond market turmoil. Anxiety about Donald Trump’s handling of the US economy, and concern that the US president’s war with Iran is driving up inflation, are causing a sell-off in the US bond market. Here we […]
Christopher Smart is managing partner of the Arbroath Group, an investment strategy consultancy, and was a senior economic policy advisor in the Obama administration. With little hope of a durable agreement between Washington and Tehran, shipping restrictions through the Strait of Hormuz appear likely to be an enduring feature of the world’s economy rather than […]
Premium economy is the newest travel class, having only emerged in hte 1990s, and it’s in high demand worldwide due to what it offers for the price point, while airlines are finding that the cabin is just as or even more lucrative than business class. It’s only become mainstream over the past decade and a […]
For years, employers and working parents have understood the practical challenges created by a shortage of affordable, accessible child care. New research and polling suggest those challenges are increasingly becoming something else, too: an economic issue with growing political salience. The numbers help explain why. A new national poll from the First Five Years Fund […]
Gold (XAU/USD) regains ground on Wednesday after falling nearly 2% on the previous day as a softer US Dollar (USD) and a modest pullback in long-term US Treasury yields lend support to the precious metal. At the time of writing, XAU/USD trades around $4,371, up 0.90% on the day. Buyers, however, lack strong conviction as […]
Several factors are driving bond yields higher worldwide (chart). The war in the Middle East in March boosted yields amid concerns that soaring oil prices would revive inflation. The war, along with other geopolitical crises, is bound to increase defense spending and widen already bloated government deficits. Central banks are increasingly pivoting from easing to […]
