Argentina’s financial crisis has a surprising side effect: a flourishing dining scene in Buenos Aires, as residents rush to spend pesos before they lose more value.
Tag: Economic Conditions and Trends
As U.S. and Chinese Officials Meet, Businesses Temper Their Hopes
Chief executives in the U.S. have long pushed for closer ties between the two countries. Now they just hope a rocky situation won’t get worse.
Putin Asserts Ukraine’s Counteroffensive Has ‘No Chance’ at Economic Forum
By claiming to be in control at a pivotal moment, critics say, he can no longer pass any military failures off on others.
Rishi Sunak to Talk Tech With Biden, but Ukraine Is Likely to Surface
While economic cooperation and the challenges posed by artificial intelligence are on the agenda, Russia’s invasion presents immediate threats.
Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The lira plunged 7 percent against the U.S. dollar, as a new finance minister promising “rational” economic policy takes charge
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
Rishi Sunak Is Still Haunted by Boris Johnson and Liz Truss
Boris Johnson’s misadventures still make headlines, but Prime Minister Rishi Sunak’s bigger problem is high inflation and soaring bond yields reminiscent of those that toppled Liz Truss.
India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
UK Net Migration Record Poses Sharp Dilemma for Sunak
Net migration to Britain has exceeded 600,000 a year, stirring tensions in a government that promised to stem arrivals.
Netanyahu Budget May Risk His Economic Legacy in Israel
Israel’s prime minister has long advocated a small state, free markets and benefit cuts. But his new budget is heavy on subsidies for the ultra-Orthodox community, whose political support he needs.