The German government and leading economists say that Germany is heading toward a recession. What constitutes a downturn and what does that entail? Germany’s economy is facing extremely testing times. First, the coronavrius pandemic took a...
Lebanon is in the midst of a currency crisis and has devalued its local currency. But implementing a new exchange rate policy is set to have catastrophic consequences on people’s daily lives. Lina Boubess, 62,...
Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig have won the 2022 Nobel Prize in economics “for research on banks and financial crises.” The trio were honored for their groundbreaking work on bank...
Liz Truss has endured a brutal start to her tenure as UK prime minister. Her first major policy move led to financial chaos and a humiliating U-turn. Her position is already in doubt, as the...
As energy prices continue to soar, EU member states are holding emergency negotiations on how to soften the blow for businesses and consumers. European Union energy ministers on Friday agreed on a package of measures...
Tornadoes can be destructive and hard to predict. We know why they form and that climate change can play a part — but we can’t always see them coming. Here’s why. Tornadoes can be terrifying...
The luxury sports car manufacturer Porsche is about to start trading on the Frankfurt Stock Exchange. That could raise billions for e-mobility. When a massive cargo ship loaded with Porsches, Bentleys, Lamborghinis and Volkswagens burned...
Swiss have voted in favor of the proposal by a narrow margin in a referendum. Another proposal, on imposing stricter regulations on livestock farming, failed to pass. Swiss voters accepted the government’s pension reform plan by...
Following surprisingly high inflation numbers in August, the US Federal Reserve raised benchmark interest rates for the third time this year. The US Federal Reserve, commonly known as “the Fed,” has raised interest rates by 75 basis...
Verbal intervention proved sufficient to keep the US dollar below JPY145, but the greenback gained broadly. It rose to new two-year highs against the dollar-bloc and Chinese yuan ahead of the weekend and to levels against...
Companies worldwide are working on the next generation of the internet. The “metaverse” or “web3” could overhaul the web as we know it. But how do you avoid repeating the mistakes of today’s internet? Are...
As the EU attempts to unpick its reliance on Russian gas, it could become more dependent on Chinese supplies, some of which come from Russia. This might undermine the aim of reducing purchases of its...
