Global economy

Emerging economies have had a tough time in the global economy recently. We’re talking about countries like India, Turkey, South Africa and Argentina. They’re deeply engaged in the world economy, and, in some ways, very vulnerable to its ups and downs. Click the audio player above to hear the full story. 

We'll have an answer by Monday morning...

U.S. Trade Representative Robert Lighthizer is scheduled to meet Tuesday in New York with trade officials from the European Union and Japan. It’s the fourth meeting they’ve held in the past year, all in an effort to join forces against Chinese trade practices they say are unfair. Click the audio player above to hear the […]

President Donald Trump’s tariffs — and talk of more — are driving global automakers to make some big decisions. Volvo, which has a Chinese parent company and makes a couple vehicles on the mainland there, canceled a planned initial public offering of its stock, citing the dark cloud of tariffs. Ford, which makes a version of […]

The benefits of nostalgia.

How U.S. interest rates cause trouble in Turkey, Argentina, and beyond

Russian officials were in Turkey on Tuesday, talking with the government there about possible solutions for Turkey’s currency crisis. Both countries are also facing U.S. sanctions, so one idea they floated: Stick to their own national currencies for trade and avoid using the dollar at all. On top of that, Russian Foreign Minister Sergey Lavrov echoed […]

An excerpt from economist Dambisa Moyo's book, "Edge of Chaos."