China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.
Tag: Economic Conditions and Trends
Lebanon Gets New Prime Minister Amid Economic Meltdown
The billionaire Najib Mikati’s new cabinet is Lebanon’s first empowered government in more than a year. It faces the immediate challenge of a collapsing economy.
Spain Arrests Former Venezuela Spy Chief Accused of Drug Trafficking
Hugo Carvajal, the former intelligence chief, had been hiding in Madrid, the police said, trying to avoid extradition to the United States.
‘Reversing Gears’: China Increasingly Rejects English, and the World
A movement against Western influence threatens to close off a nation that succeeded in part by welcoming new ideas.
Inflation’s Worldwide Surge May Be a Good Sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.
German Election: Who Is the Green Party’s Annalena Baerbock?
Annalena Baerbock, the 40-year-old candidate for the Green Party, is likely to have a say in Germany’s next government, no matter who wins this month’s election.
China’s Xi Pressures Tycoons With ‘Common Prosperity’ Talk
As the country’s leader prepares for a likely third term, he is promising “common prosperity” to lift farmers and working families into the middle class.
In Global First, El Salvador Adopts Bitcoin as Currency
President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.
In Global First, El Salvador Adopts Bitcoin as Currency
President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.
An Economic Lifeline in South America, the Paraná River, Is Shriveling
The continent’s second-largest river is drying up amid the biggest drought in 70 years, upending ecosystems, trade and livelihoods.