Some Democrats despise him. Some Republicans lionize him. He seems to be pleasing all the wrong people, but this could make Democratic Sen. Joe Manchin of West Virginia exactly the…
Category: Financial
Draghi says Europe lacks means to deter Russia over Ukraine
Italy’s prime minister Mario Draghi has admitted that Europe has few tools to deter Russia from a military confrontation with Ukraine, as tension mounts over Moscow’s intentions towards Kyiv. Speaking…
Turkey’s tumbling foreign assets hint at ‘aggressive’ lira intervention
Turkey’s foreign currency reserves have tumbled by billions of dollars since the start of the week, suggesting that aggressive interventions have aided the lira’s bounce back from record lows. The…
Brazil: Bolsonaro embraces the politics he once vowed to abolish
For an outsider who won the presidency promising to reject traditional corrupt politicians, it was a remarkable volte-face. Brazil’s far-right leader Jair Bolsonaro took the stage in a packed auditorium…
‘We’re trying to juggle a million things at once’
Doctors are feeling the unrelenting pressure of the ongoing pandemic, as the Omicron variant of COVID-19 drives a surge of new cases around the country, and creates lengthy queues of…
Taiwan opposition clings on for political relevance as voters shun Beijing
Street politics is not Eric Chu’s natural element. The chair of the Kuomintang, Taiwan’s largest opposition party, is an establishment figure whose political career was kickstarted by family connections. But…
Ray Dalio warns Fed’s hands are tied and higher U.S. inflation is sticking around. Democracy, maybe not.
As an investor, Ray Dalio eyes the rearview mirror to see what’s ahead. If this paradox makes sense, then you likely agree with the view of history that those who…
we are seeing strong demand
Long-time Carnival Corp. (CCL) CEO Arnold Donald says demand is looking favorable at the moment as people seek out some relief from the pandemic via a vacation. One way to…
Turkey raises minimum wage by 50% to help workers hit by soaring inflation
President Recep Tayyip Erdogan announced a 50 per cent rise in the country’s minimum wage in an effort to protect the Turkish people from soaring inflation just hours after the…
I’m ‘significantly concerned about inflation’
Inflation in the U.K. has hit a 10-year high in the 12 months leading up to November, while last week the Labor Department reported U.S. prices rose at their fastest…