The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
Author: Patricia Cohen
Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
When Home Is a Ferry Ship: An Influx From Ukraine Strains Europe
Millions have fled Russia’s invasion, but where housing is expensive and scarce, countries like Estonia are paying shipping firms to offer refugees safe but tight quarters.
Ukrainian Refugees Find Shelter and a Hearty Welcome For Their Pets in Romania
Viktor and Rachel Borovic had only two hours to prepare to flee their city. But they were clear about what was important to them.
Here’s What US Sanctions on Putin Might Look Like
The U.S. could seize assets or bar the Russian president from entering the country, but experts say such moves wouldn’t change his thinking.
How Inflation Affects Turkey’s Struggling Economy
Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.
U.S. Threat to Squeeze Russia’s Economy Is a Tactic With a Mixed Record
Sanctions, like aiming to cut oil exports, could also hurt European allies. “It’s a limited toolbox,” one expert said.
How Omicron Could Knock Economic Recovery Off Track
The latest zigzag in the pandemic has already curtailed travel, but its broader impact on growth and inflation isn’t likely to be known for several weeks.