countries

Explosion of US debt financed by Americans, not foreign countries, posing risks to economic growth

Explosion of US debt financed by Americans, not foreign countries, posing risks to economic growth

Brian Brenberg, Fox News contributor and professor of economics at King’s College, reacts to the November ADP report. The explosion of US government borrowing over the past 15 years has been fueled not by loans from China and Japan, but by the purchase of Treasury bills by US financial institutions, state governments and other national …

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What is the secret sauce that allows some poor countries to prosper?

What is the secret sauce that allows some poor countries to prosper?

Before COVID, business in Beijing was booming. Dercon says one of the reasons that state-led development in China has been so successful is that the country had a strong state to begin with. Bloomberg via Getty Images hide caption toggle caption Bloomberg via Getty Images Before COVID, business in Beijing was booming. Dercon says one …

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Amazon workers in 30 other countries protest on Black Friday

Amazon workers in 30 other countries protest on Black Friday

Amazon workers and activists in 30 countries marked the traditional start of the holiday shopping season with a series of walkouts and protests demanding better wages and working conditions. In Manhattan, activists, unions and Amazon workers marched past company founder Jeff Bezos’ penthouse in the Tony Flatiron neighborhood. Outside St. Louis, a few dozen workers …

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Amazon faces Black Friday protests and strikes in 40 countries

Amazon faces Black Friday protests and strikes in 40 countries

Thousands of Amazon warehouse workers in about 40 countries plan to take part in protests and walkouts to coincide with Black Friday sales, one of the busiest days of the year for online shopping. line. Employees in the US, UK, India, Japan, Australia, South Africa and across Europe are demanding better wages and working conditions …

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US imports from China fall faster than those from other countries

US imports from China fall faster than those from other countries

America and China remain intimately linked through trade despite heightened tensions over Taiwan and the Russian-Ukrainian war. More than a third of all US containerized imports arrive from China. More than a sixth of the value of Chinese exports comes from American purchases. But there are growing signs of at least some decoupling. In recent …

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‘More than 50 poor countries at risk of bankruptcy’, says UN official

More than 50 of the poorest developing countries risk defaulting on their debt and effectively becoming bankrupt unless the rich world offers urgent aid, the head of the United Nations Development Program has warned. Inflation, the energy crisis and rising interest rates are creating conditions under which a growing number of countries are threatened with …

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