Worldcrunch
The previous world order, based on the domination of a few superpowers, has been turned upside down in 2024. Will this be the year of explosions, or the year of reactions? French political theorist Jacques Attali explains the theory of order through noise.
Since the Israel-Hamas war began in Gaza, Israel has imposed severe restrictions and economic sanctions on the Palestinians in the occupied West Bank, further exacerbating the already dire living conditions of Palestinians there.
The destabilization of the Middle East could send prices soaring once more and trigger a new shock for the world economy, which has so far been resilient despite the COVID-19 pandemic and the war in Ukraine.
A study shows that a rising tide of consumers are prioritizing their wallets over organic products, switching to more budget-friendly, non-organic options as the cost of living crisis continues.
Sure, financial instability in the U.S. and the weaponization of the dollar have raised crucial questions about how long the dollar can remain the world’s de-facto currency. But France’s leading business daily says don’t expect major changes any time soon.
The fall of Silicon Valley Bank revives memories of Lehman Brothers’ bankruptcy. The two situations have some fundamental differences, but there is enough in common that the risks that SVB could spark a new global financial crisis is very real.
Having experienced its economic collapse a generation earlier than the 2008 crisis, Japan has become a laboratory for making the most out of meek growth.
A cooperative that’s giving formerly jobless Argentines a second chance has evolved from a recycling enterprise into a flourishing sustainable-design business. Many of its partners could never have seen this coming when they lost their jobs back i
RIO DE JANEIRO — If the much-criticized but equally awaited Rio Summer Olympics have had one advantage, it’s that they have shielded the Rio de Janeiro construction industry from the massive layoffs seen elsewhere in Brazil. But as the August launch of the Games approches, so does the fear that some 35,000 workers are going […]
The modern-day successors of ragmen, New York’s trash pickers (or “canners”) are credited with recycling 60% of the city’s glass and aluminum. Why don’t we notice this hidden economy?
BERLIN — As the price of oil continues to fall, share prices on the Gulf region’s stock markets have plummeted in parallel. The price of oil reached a yearly low of $60 a barrel on Friday, and we’re now looking at a possible $50, which would create a truly bleak outlook for economic prospects in […]
In September 2011, in Thessaloniki, Greece, Apostolos Polyzonis set himself on fire outside his bank, which had refused to ease his debt payments. He survived, and so did his anger.
China is set to supplant the US as Latin America’s preeminent outside economic power: it remains to be seen if that is a good thing.
The financial crisis has seen middle-aged French increasingly returning to their family nests. For many, it can be a special kind of shame to move back in with elderly parents.
PARIS — Five years after the collapse of Lehman Brothers, it seems that we are passing through an unprecedented layer of thick fog. We see one country suddenly accelerating while its neighbor suffers a “sudden stop.” But this isn’t the first time. The world was consumed by the same sort of uncertainty five years after […]
LUXEMBOURG – For Wolfgang Schäuble, the world is sometimes a pretty simple place. Cyprus, for example, just had the wrong business model. Those were the words the German Finance Minister used to explain the problems that that European Union island nation is experiencing now. According to Schäuble, the Mediterranean state counted too much on its […]
LE TEMPS (Switzerland), THE FINANCIAL TIMES (UK) Worldcrunch ZURICH – Swiss bank UBS officially announced Tuesday it is cutting 10,000 jobs worldwide after losing $42 billion during the financial crisis. The Zurich based bank, which currently employs 64,500 people, is aiming to reduce its workforce by 2015, Swiss daily Le Temps reports. The bulk of […]