Modi's Moment: How Narendra Modi is Changing India and the World
India's leader is shaping the country in his own assertive image. He spoke exclusively to Newsweek in an interview.
Exclusive Interview: Narendra Modi and the unstoppable rise of India
The prime minister on his goals, his critics and his "god-gifted" ability to listen: "I am always in the moment."
Joe Biden says US inflation is among lowest in the world: is he right?
Inflation rate accelerated at a 3.2 percent rate in February, according to data from the U.S. Bureau of Labor Statistics.
That global housing market crash? You might be out of Dodge
Analysts say the correction of the global housing market, which started last year, is stabilizing.
China fears U.S. debt default as much as anyone
A debt default in the United States is likely to lead to a global financial crisis that would hit the Chinese economy too.
What's behind Ukraine's latest fight with Europe?
Several Eastern European countries moved to ban imports of Ukrainian agricultural goods in recent days, citing economic pressure faced by their own farmers.
Goldman Sachs issues recession warning despite Credit Suisse $54bn lifeline
The European markets opened higher on Thursday, showing that the Swiss authorities' move in support of Credit Suisse has apparently appeased investors.
Tech investor David Sacks predicts next stage of SVB crisis
Sacks said JPMorgan Chase will benefit from the meltdown of the California bank, as customers seek to place their money in a larger institution.
Fact Check: Does viral video show China destroying unfinished high-rises?
The collapse of Chinese developer Evergrande precipitated demolition orders in the country.
The Commonwealth Helps Gabon Widen Its Horizons
As a small, French-speaking West African country with big ambitions, membership of this organization of friends allows us to broaden our horizons as a people and a nation.
China Factories Flooding Into the Americas
As a result of COVID and other reasons, China's export-oriented factories in recent months have been operating well below capacity.
Biden, Xi ignore one of biggest threats to U.S. economy
Economists have raised concerns that Beijing's unwillingness to amend its zero-COVID policy continues to threaten vulnerable markets around the world.
Volatility in Currency Markets Crystalizes Fears of A Global Recession
"Even if some countries are not technically in recession...for many people all over the world, it will feel like a recession," said Gerry Rice of the IMF.
Jeremy Siegel: Fed Shouldn't Be 'Overly Aggressive' in Interest Hikes
The finance professor's comments come as Federal Reserve Chair Jerome Powell signaled Friday that the central bank may raise interest rates to fight inflation.
World is 'Teetering' on Edge of Global Recession, IMF Says
"The global economy, still reeling from the pandemic and Russia's invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook," the IMF wrote.
Davos: The Left Didn't Eat the Rich. The Rich Ate the Left.
The anti-globalization fight is now the Right's to lose.
With Russia Mired In Ukraine, Tech Bill Targeting China Gains Traction
"We want to make sure that we lead in technology, not China," Democratic Congressman Ro Khanna of California told Newsweek.
Bread, Beer, Meat Prices Could Skyrocket as Ukraine Conflict Continues
One economic expert told Newsweek a 10 to 15 percent increase in the cost of baked goods is expected.
What Happens if the U.S. Cuts off Russia From the World Trade Organization?
"If everybody [in the WTO] did it, and particularly if Europe did it, it would be a big deal," William Reinsch of CSIS told Newsweek.
Prioritizing 'Fragile' Chip Supply Chain Could Protect U.S. From China
"You can't run a modern economy without chips, and, of course, no modern economy would greatly damage national security," said one expert.
Postponing Davos Talks on Climate Change Probably Slowed Climate Change
While the distance of flights would vary, with an average flight length of three hours, Davos would see almost 34.6 million pounds burned during the event.
China Could Eventually Avoid U.S. Sanctions Through Digital Currency Apps
The rise of digital currencies could eventually allow China to largely do away with the dollar, giving it further autonomy from U.S. influence.
Evergrande Sale Delayed as Company Seeks to Avoid Default
The delay comes as Evergrande nears the end of the 30-day grace period on a missed bond payment from September.
White House Warns of 'Shock Waves' Across Globe if U.S. Defaults on Debt
The Senate is scheduled to vote Wednesday on whether to take up a bill to suspend the debt limit.
Evergrande Appears to Miss $83 Million Payment, What That Means for Company
While Evergrande has not commented about the payments, foreign bondholders have announced that payments have not been received.
BlackRock Could See Short End of the Stick in Divvy Up of Evergrande Assets
BlackRock acquired 31.3 million notes of Evergrande's debt between January and August of this year.
Evergrande Shares Jump as China Asks Company to Avoid Near-Term Default
Questions remain over whether Evergrande was able to afford an $83 million debt payment due this Thursday. With 30 days remaining before the firm would default on such a payment, Beijing appears to be looking to prevent major fallout should a collapse occur.
How Evergrande Could Disrupt the Global Economy if Fall Hits China Hard
"If any of these risks do materialize, we would be most concerned about the demand spillovers from a big decline in Chinese construction activity," Capital Economics writes.
S&P Says Beijing Unlikely to Step in as Evergrande Steps Closer to Default
"We do not expect the government to provide any direct support to Evergrande," credit analysts from S&P Global Ratings wrote in a report.
Evergrande Boss Says Chinese Company Will Rise From 'Darkest Moment'
China's second-largest property developer saw its stock open to a 10-year low of 33 cents Tuesday.