Worldcrunch
A week of record highs flipped to panic with new China tariff talk, exposing fragile nerves as experts warn that a fast growing $2.2 trillion private credit market with light oversight, risky PIK structures, and bank and insurer exposure could turn the next shock into a chain reaction.
As pressure mounts to divvy up Germany’s largest infrastructure fund in decades, the new chancellor must resist scattershot spending and steer the country toward high-tech transformation.
American protectionism has returned, with tariffs that vary by country, but are permanent. There will be exceptions and specific negotiations but, in Trump’s intentions, they become one of the foundations of the American economy. The world must respond with this reality in mind.
Donald Trump’s reelection has sent shockwaves through much of the world. Yet, surprisingly, many overseas Chinese — and even citizens within China — have openly celebrated his comeback. How does such admiration align with his openly anti-China rhetoric?
A year ago, Javier Milei’s government lifted price controls. Since then, food costs have spiked by more than 90%.
Observers thought the libertarian maverick could never transform the Argentine state’s entrenched welfare system without unleashing social chaos, but one-year later and disaster has yet to strike amidst a modest uptick in economic indices.
With a population of more than 200 million, Nigeria is facing a series of crises: an economy at its lowest, endemic corruption and insecurity throughout a large part of the country. Despite the challenges it faces and its history of military coups, the country is holding firm, but for how long?
Trump’s victory is not some unforeseen accident. Europe should have been preparing for this. It didn’t. The actions we take now are vital for the future of democracy and the free world, writes Giovanni di Lorenzo, Die Zeit‘s editor-in-chief.
Over the past decade, the number of American fast-food chains arriving in France has accelerated. After the return of Burger King in 2014, the land of gastronomy has seen Chipotle, Popeyes and Krispy Kreme arrive — now Dunkin’ and Wendy’s are eyeing the market, which has become key, but also risks saturation.
Over the past five years, tuk-tuk prices have soared because of a government ban on importing the vehicle, and the inflation waves that rocked the Arab world’s most populous country. But tuk-tuks are not only a preferred system of transport, they are also a source of income for a large part of the Egyptian population — and the price hikes are crushing many young people’s dreams.
The Muslim Brotherhood called for anti-government protests on July 12, yet again failing to understand what is really on Egyptians’ minds and overestimating their readiness of taking to the street against the government of President Abdel-Fattah el-Sissi.
Britain’s prime minister has announced a surprise decision to hold a general election six months early, on July 4.
With every economic crisis and surge in inflation, Egyptian households reshape the quantities and varieties of food on their dining tables. The current economic crisis, however, has placed an even tighter strain on families striving to afford food, especially sources of animal protein.
If you are not a billionaire or a fund, the investment rules of yesteryear apply: gold won’t make you rich overnight and volatile assets like the bitcoin may come crashing down for reasons far beyond your grasp.
This year’s Ramadan has seen a significant decrease in food donations in Egypt, where more and more families depend on them amid exceptional inflation rates.
The humble jambon-beurre, the classic ham and butter sandwiches, has long been eaten standing-up at a bistro counter. But now the so-called “neo-sandwich” has arrived on Parisians’ plates — not only in coffee shops and fast food joints but also in restaurants. Garnished with seasonal produce and a chef’s touch, the sandwich is now a dish in its own right.
From South African lunch culture to the Mexican instant noodle market, a look into how people from around the globe are adapting to rising food prices and the cultural shifts occurring throughout the culinary world.
The information coming out of the Palestinian enclave is scarce but undoubtedly grim. An Italian reporter from across the border gathers information from inside Gaza amid a fragile and inevitably temporary ceasefire.
“Ghost Kitchens” or “Dark Kitchens” — restaurants that only serve delivery customers — have exploded in the post-pandemic landscape, and are now becoming more common in Europe. In spite of their convenience, many have reported poor working conditions and health code violations.
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.
The European Commission has committed €100 million to support Tunisia in the effort against migration, with an affectional €900 million in funding for the country. But how does the agreement expect to find success with a formula that has long held a reputation of failure?
Higher, faster, more expensive – in German cities, renting out office space was a booming business. Then came remote working and higher interest rates.
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.
With the suppression of last year’s anti-regime protests in Iran, its people can barely stomach the West’s resumption of its business-as-usual approach with the Islamic Republic. The key to challenging the renewed status quo, the author writes, may very well lie with the country’s women.
Gentrification is affecting many Latin American cities. As residents push back, there are worries that existing residents and cultures alike will be erased.
Brazil and Argentina have raised the idea of a shared currency for the South American trading zone. But few believe this is possible without more economic harmonization in the region.
Crises worldwide mean we need less nationalism and more cooperation, but the U.S., a weakened superpower, won’t accept its diminished status.
As recession predictions abound, stakes are higher than ever for the number crunchers at the world’s top central banks, who must also contend with the whims of the political class.
With the price of meat on the rise, Brazilians have turned to eggs. The country is now producing 55 billion eggs a year, presenting challenges for farmers and raising questions of animal welfare. And in Brazil’s “Egg Capital”, the climate crisis is complicating matters further.
The public sector has seen a revival in response to COVID-19. This can be a good thing, but must be checked carefully because history tells us of the risks of too much control in the government’s hands.
Nobody questions the new British Prime Minister’s intelligence, or even his performance as Chancellor of the Exchequer. But the economic conditions after the debacle of his predecessor Liz Truss leaves little margin for error for Rishi Sunak.
Liz Truss’ record-setting short time in office showed that the UK cannot do whatever it pleases — even now that it’s left the EU.
In the face of Russia’s stranglehold over supplies, the European Commission has proposed support packages and price caps. But across Europe, fears about the cost of living are spreading — and with it, doubts about support for Ukraine.
Japanese Prime Minister Fumio Kishida promised to tackle wealth inequality and help struggling workers. But a year after he came to power, financial traders are once again the winners.
In the bohemian Australian seaside town of Byron Bay, rents are now higher than Sydney or Melbourne. And as Airbnb takes its toll, this small town has almost as many homeless people as Sydney.
Venezuela is to create free economic zones to attract foreign capital into the Venezuelan economy, but who would take “clean” money to a lawless land run by rapacious revolutionaries?
As the populist leaders face sinking poll numbers and the nearby war in Ukraine, they turn to the tactics of racism and transphobia, which ultimately adds up to fascist tactics.
The Asian country is experiencing record inflation and soaring food costs as imports dry up due to the pandemic and Russia’s invasion of Ukraine.
Russia’s blockade of the Black Sea has sent food prices skyrocketing around the globe, with poorer countries being affected most severely. But if the blockade continues, then the cost of a vast variety of foods looks set to go even higher.
An annual report has revealed Russians’ anxieties. This year, contracting COVID has been replaced by food shortages, inflation, and internet blackouts.