The state of Karnataka shows that capitalism and democracy still have a future
The US has been weaponising its currency — but that comes with a cost
The beneficiaries of post-crisis rescues are established companies — this is not how capitalism is supposed to work
A maximalist culture of bailouts and state support is bloating and thereby destabilising the global financial system
Miami, Dubai and Singapore boom by welcoming those chased out of rival international hubs
Investors refuse to give up on ideas that recently made them a lot of money
After Thailand became ground zero in the Asian financial crisis, the baht achieved a long-running stability
Demographic changes and deglobalisation will keep inflation higher than policymakers were used to pre-pandemic
China’s hardline leader has reversed his decisions on a wide range of policies, wrongfooting the rest of the world
With the era of easy money at an end, who will be the winners and losers — and can we expect any blue birds?
There will be nowhere to hide in the tight money era
Free-spending governments are being punished if they don’t abandon unorthodox policy
But the joy of hosting the World Cup in an oil and property boom will not last unless productivity improves
Markets have a better record at predicting downturns — but sometimes the inevitable never happens
The consensus that Beijing can achieve whatever target it sets ignores the pace of slowdown in recent years
Washington could help to weaken the currency without undermining the Fed’s effort to contain US inflation
A few countries stand out as hopeful exceptions to prevailing pessimism
Ukraine makes dramatic gains in the war with Russia
Alarmists say AI will steal jobs, but underlying demographic trends foretell continuing worker shortages
The currency may look strong but its weaknesses are mounting
With its entrepreneurial spirit and an increasingly efficient welfare state, the country can thrive in a slowing world
A culture of government bailouts and constant stimulus is a barrier to technological innovation and dynamism
Dour commentary misses reform in the largest developing economies since the taper tantrum last sent investors fleeing
Beijing must find the confidence to lift capital controls and make the renminbi fully convertible
And peering into private debt
International Edition