WASHINGTON — Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect […]
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Back to news homeUkraine Is Biden’s Defining Issue, and His Biggest Economic Challenge
Russia’s war in Ukraine has become the greatest economic challenge of President Biden’s time in office, threatening to push the world into a recession that could endanger an already fragile […]
G20 Leaders Meet in Bali as Global Economy Faces Multiple Threats
The Chinese description of the meeting suggested that those policies, and others meant to redirect American supply chains away from China, “completely violate the principles of market economy and undermine […]
In Global Slowdown, China Holds Sway Over Countries’ Fates
BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts.As Pakistan has struggled to cope with […]
Biden Rolls Back Trump’s Metal Tariffs On European Union
WASHINGTON — The Biden administration announced on Saturday that it had reached a deal to roll back tariffs on European steel and aluminum, an agreement that officials said would lower […]
E.U. Delays Digital Levy as Tax Talks Proceed
Other finance ministers indicated that the delay was another sign of progress.“It’s very, very good that we are now going to the next step, discussing how we will implement this […]
Global Tax Overhaul Gains Steam as G20 Backs New Levies
Absent unanimous approval among the members of the European Union, an accord would stall. Establishing a minimum tax would require an E.U. directive, and directives require backing by all 28 […]
Finance Ministers Meet in Venice to Finalize Global Tax Agreement
“It is important to recognize that there are numerous policy levers and paths that countries will take to create incentives for decarbonization,” Ms. Yellen said during a panel discussion. “Those […]
I.M.F. Board Backs $650 Billion Aid Plan to Help Poor Countries
VENICE, Italy — The International Monetary Fund took a step on Friday toward easing widening global inequality and helping poor nations access vaccines, saying that its executive board approved a […]
Ireland’s Days as a Tax Haven May Be Ending, but Not Without a Fight
On the crowded waterside quay of Dublin’s Silicon Docks neighborhood, Google’s European headquarters tower above the skyline. Facebook and Twitter are neighbors. The European bases of Apple, Pfizer and hundreds […]