Billionaires have won big in the long-running bull market that may be teetering on the edge of ending. But they’re also set to lose big. Over the past week, the world’s wealthiest have collectively dropped about $50 billion in estimated net worth. What’s $50 billion among the world’s uber-rich? Enough to leave a mark, that’s…
JUST a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones. Global trade was surging and America booming; China’s slide into deflation had been quelled; even the euro zone was thriving. In 2018 the story is very different.…
ON THE campaign trail, Imran Khan, Pakistan’s new prime minister, presented himself as the man to break the country’s addiction to hand-outs from the West. Whereas previous governments used to go begging to the IMF for funds, he said, his Pakistan Movement for Justice (PTI) would focus instead on recouping billions of dollars hidden from…
President Trump’s ambassador to the United Nations, Nikki R. Haley, said on Tuesday that she would resign at the end of the year, marking the departure of one of the few high-profile women in the Trump administration. Ms. Haley, a former Republican governor of South Carolina, had been an early and frequent critic of Mr.…
AT A gathering in Beijing last year of Interpol, the body that promotes co-operation between police forces from different countries, the group’s Chinese president, Meng Hongwei (pictured, above left), warned of “political black-swan incidents” that were plaguing the world. He was probably not thinking of his own organisation. But in late September Mr Meng disappeared…
SEOUL (Reuters) - North Korean leader Kim Jong Un has invited Pope Francis to visit Pyongyang, a gesture designed to highlight peace efforts, South Korea’s presidential office said on Tuesday. South Korean President Moon Jae-in will deliver Kim’s invitation when he meets Francis next week during a trip to Europe, spokesman Kim Eui-kyeom said. North…
WASHINGTON — A top Trump campaign official requested proposals in 2016 from an Israeli company to create fake online identities, to use social media manipulation and to gather intelligence to help defeat Republican primary race opponents and Hillary Clinton, according to interviews and copies of the proposals. The Trump campaign’s interest in the work began…
A STEEP hill and a concrete wall divide the worlds of Gabriela Moura, a student from Paraisópolis, a favela in the city of São Paulo, and Roberto Inglese, a lawyer from the prosperous neighbourhood of Morumbi. But on October 7th the two paulistanos were united in their choice for Brazil’s president: Jair Bolsonaro, a far-right…
Chinese stocks took a hammering Monday as traders returned to work after a weeklong holiday in the world's second-largest economy. Losses on major indexes in mainland China were as high as 4.8% in a major market rout, with the China A50, which includes major companies from both the Shenzhen and Shanghai indexes, as the biggest…
Image copyright Reuters Image caption Jair Bolsonaro (left) and Fernando Haddad will face each other in a run-off A far-right candidate, Jair Bolsonaro, has won the first round of Brazil's presidential election.He will face the left-wing Workers' Party candidate, Fernando Haddad, in the second round on 28 October after he failed to win the 50%…
