Taxes are simpler, and bureaucracy has been trimmed. Prime Minister Modi wants a second term to prove that India is open for business.
Tag: Economic Conditions and Trends
China Retaliates Against the U.S. With Its Own Higher Tariffs
Beijing’s matched the Trump administration’s de facto delay in collecting the new tariffs, giving both sides breathing room to reach a deal.
Pakistan to Accept $6 Billion Bailout From I.M.F.
Prime Minister Imran Khan had opposed any bailout before taking office, but has since reluctantly embraced the need for a rescue with Pakistan’s economy facing a crisis.
Pakistan Says Separatists Killed 5 in Attack on Luxury Hotel
An assault on a hotel frequented by guests from China, which is investing heavily in the region, was “an effort to sabotage our economic prospects,” Prime Minister Imran Khan said.
Cuba Rations Staple Foods and Soap in Face of Economic Crisis
The commerce minister blamed the Trump administration’s hardening trade embargo, but economists give equal or greater blame to a plunge in aid from Venezuela.
China, Defiant but Careful, Promises Aggressive Response to Tariffs
A longer or worsening trade war could hurt China’s already bruised factories. Still, Beijing is signaling it is ready for a fight.
Argentina’s Economic Misery Could Bring Populism Back to the Country
Argentina’s turn away from populism and embrace of market forces has enraged people who have lost aid without producing a promised economic revival.
Trump Could Raise Tariffs on China. Here’s How China Could Respond.
Beijing could match what the United States does, and its options include upping the ante in untraditional ways. But most of its choices come with drawbacks.
In Push for Trade Deal, Trump Administration Shelves Sanctions Over China’s Crackdown on Uighurs
During trade talks, U.S. officials have avoided confronting China about its persecution of Uighurs despite bipartisan pressure, fearing such a move could harm a deal.
North Korea’s State-Run Economy Falters Under Sanctions, Testing Elite Loyalty
International sanctions over North Korea’s nuclear weapons program have been felt most acutely by the party and military officials who support Kim Jong-un’s totalitarian rule.