A 34-year-old programmer from Braunschweig is wagering that Michael Saylor’s debt fueled Bitcoin empire cannot withstand a crash, setting up an unlikely duel between a small investor and crypto billionaire.
Tag: trade
Because of her comments that a Chinese attack on Taiwan would constitute an “existential threat” to Japan, the Japanese prime minister has been facing Beijing’s wrath for three weeks. Taiwan is the central issue in East Asian tensions, and Donald Trump has stepped in with characteristic ambivalence.
Beyond U.S. tariffs, the deeper economic drag in China is domestic: weak demand, a deflationary price war, debt laden local governments mortgaging assets, and collapsing trust between private business and the state.
From Iran and Turkey, Egypt and Saudi Arabia, lasting peace can only arise from shared economic interests and the containment of regional power ambitions.
With more than 115 attacks since 2023, Yemen’s Houthis now offer ship operators a website to register vessels and avoid drone or missile strikes, a move that raises alarms among maritime security experts and highlights the rebels’ bid to control global shipping lanes.
The ink had barely dried on EU-U.S. trade agreement when Trump issued an ultimatum to eliminate digital regulations. Europe is now backed into a corner, caught between trade and security.
Donald Trump says he will hike tariffs on Brazil unless it halts prosecution of the country’s former right-wing leader Jair Bolsonaro. Only, Brazil exports relatively little to the U.S. and Trump’s meddling could be boosting his socialist nemesis, President Lula da Silva.
The devastating effects of rising temperatures include denying to people across the world their favorite staple sweet. While 2050 is the date cited for the risk of chocolate disappearing, there are efforts to reverse the effects of climate change on the production of cocoa.
Some 17 years since its founding, BRICS+ (now including Egypt, Ethiopia, Iran, the UAE and Indonesia — beyond founding members Brazil, Russia, India, China and South Africa) continues to struggle with delivering on its promise to reform global governance and represent the Global South.
Despite heavy international sanctions from the West, Russia has taken a lighter economic hit than expected. Rather than suffering from war, it’s become dependent on it — like Germany in the 1930s.
Trump’s “Liberation Day” tariffs may have sparked a new era of wealth for America’s economy, but at what cost? As trade wars escalate, vulnerable countries will bear the brunt of economic turmoil.
The U.S. president has unveiled a new round of tariffs against his trading partners. But Europeans have leverage against this policy, French essayist Édouard Tétreau writes.
Trump’s tariffs are putting China’s shaky growth at serious risk. The standoff threatens to escalate across the globe, and the worst-case scenario would find the world’s two superpowers turning to other means.
Donald Trump has cultivated his image as a “disruptor,” a term coined by tech startups. But by launching a global trade war, the U.S. president risks achieving the opposite of what he intends. What’s the opposite of “great again?”
U.S. President Donald Trump’s far-reaching new tariffs have sent markets falling, in a watershed moment that made the front page of many newspapers around the world.
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.
Colombian writer Mauricio Restrepo Posada says U.S. President Donald Trump is not only hostile to Latin America and the Third World, but also to the entire planet, including his fellow citizens. Faced with this monster who wants to own the planet, there is little ordinary global citizens can do — except for the firm decision not to buy U.S.-exported products.
The 75,000 wholesalers in the export manufacturing hub of Yiwu say they have been moderately affected by the tariffs imposed by U.S. President Donald Trump, which he has just announced he will double. Many had already pivoted to developing countries to sell their goods.
The American president had promised tariffs of at least 60% on all Chinese products. For now, it will be only 10%. Washington has other issues to negotiate with Beijing. Hitting old allies harder is part of a much different approach.
A bold policy shift, a destructive winter storm, and the birth of a Pakistani athlete who would make Olympic history.
Turkey is the top world producer of hazelnuts. Yet, very little trickles down to its producers, and to Turkey in general. One Italian company, in particular, reaps the rewards of its harvest.
Ten years after the launch of the Modi’s “Make in India” program, India’s industry problem has deepened — just like its dependence to China.
Chilean winemakers are promoting their celebrated wines in several key markets for consumer spending power: the United States and China are already saturated with every kind of wine. But now India must be a focus despite crushing tariffs.
The United States has shown it prefers economic incentives over penalties to help keep regional democracies within its orbit and away from China. That is a national-interest opportunity Latin American states cannot ignore.
Updated March 23, 2024 at 12:40 p.m. On this day in 2021, a large container ship called the Ever Given ran aground in the Suez Canal, obstructing the waterway and causing a major traffic jam of ships waiting to pass through. The obstruction lasted for six days. What caused the Ever Given to run aground? […]
U.S. President Biden has quietly turned his Republican predecessor’s anti-foreign posturing into economic policies that strongly favor domestic manufacturing. Does Mexico, which depends on massive exports to the U.S., have anything to look forward to in the upcoming presidential elections?
Ambition and ambiguity are the unspoken rules utilized by the participating parties in China’s much touted Belt and Road Initiative, launched 10 years ago, to expand its economic power across the world. But what has actually come of it is not so clear.
The Indian government’s decision to move from its historic stance on the Israel-Palestine conflict and to actively support Israel following Hamas’ Oct. 7 attack is not only questionable, writes a New Delhi commentator, but it could also have consequences for the country on a diplomatic and geopolitical level.
The U.S. and Europe are seeking to rival China by launching a huge joint project. Saudi Arabia and the Gulf States will also play a key role – because the battle for world domination is not being fought on China’s doorstep, but in the Middle East.
Russia is digging itself into a hole as it becomes increasingly dependent on China, as a result of international sanctions and isolation. This shifting dynamic, analysts argue, is bound to have ripple effects around the world
On paper, the scale of sanctions against Russia following its invasion of Ukraine is unprecedented. But opinion on the impact of sanctions remains divided in the absence of a reliable scientific foundation. A new study by Bank of Canada offers a way out.
Traders in Bangladesh use lead chromate to enhance the appearance of turmeric roots. But the use of the chemical compound has now been linked to potential kidney and brain damage, and could cause developmental delays in children.
Iran can expect few real economic benefits from joining the China-dominated SCO, but its leaders hope China and Russia will help the regime tighten its grip at home.
The Spief, the political-economic forum dear to the Russian president, takes place this weekend in Saint Petersburg. The West will be absent, as the Kremlin increasingly appears beholden to Beijing.
Many seafarers are hired and fired every seven months. Some keep up this lifestyle for 40 years while sailing the world. Some of those who’d recently docked in the Italian port city of Genoa, share a taste of their travels that are connected to a long history of a seafaring life.
Once neglected, this small port in Thrace, northeastern Greece, has become a strategic hub for transporting men and arms to the shores of the Black Sea. Propelled by ambitious infrastructure and gas projects, the region dreams of becoming an alternative to the Bosphorus strait.
The building of the Panama Canal started on this day in 1904. This man-made waterway connects the Atlantic and Pacific Oceans and was built by the United States. Why was the Panama Canal built? The Panama Canal was built to provide a more direct route between the Atlantic and Pacific Oceans, saving time and money […]
Fueled by the Kremlin, anti-French sentiment in Africa has been spreading for years. Meanwhile, China is also increasing its influence on the continent as Africa’s focus shifts from west to east.
China has become one of Argentina’s most important trading partners and is increasing its military bases in the country. As China seeks to challenge the liberal world order, Argentina risks rifts with other key allies.
By shrugging aside Russia’s aggression, India has shown indifference to fears that China could follow Russia’s example.