Over 11 million leaked financial documents related to offshore tax havens has shed light on a large network of corruption and embezzlement that involves 12 current or former world leaders and some 130 politicians from around the globe.
Beset by challenges ranging from the collapse in oil prices, to the spreading instability in the region, to criticism from its longtime allies in the United States, Saudi Arabia is facing its most difficult test in decades. But the kingdom has the means to overcome these difficulties, and also has the will to seize a unique opportunity to carry out important reforms.
The Trans-Pacific Partnership, put together at the end of last year and signed at the beginning of last month, has not come into effect yet. Nonetheless, presidential candidates have spared no effort decrying it, turning the issue into a political piñata used to score points.
Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies.
The recent Saudi-Iranian clash is unlikely to affect oil markets for now, but the redistribution of political power between Saudi Arabia and Iran, along with the US disengagement from the Middle East might have long-term consequences for the region’s stability and global oil supply trends.
After negotiations between the Greek government and the Troika finally came to an end last August, the gaze of the world drifted away from Athens.
While the U.S. is inching closer to pre-crisis unemployment and GDP growth figures, the picture across the pond is much, much darker.
In the U.S., any discussion involving climate change tends to deteriorate into an argument between two factions—those who feel that climate change is a very real threat to the planet, and those who say it is nothing but a scare tactic.
Is the Chinese economic model doomed or is the Western business press making much ado about nothing?
China’s economy is slowing down. What does that mean for Germany?
With all the attention turned to the Trans-Pacific Partnership (TPP), currently negotiated by the U.S. with 12 Asian countries, few seem to notice anymore the equally important Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States.
Bernanke’s speech back in 2002 can help shed some light on the question of how asset prices have been taken under consideration in the past by the Fed. It also helps explain how these prices will affect monetary policy in the future.
Popular from Press
