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International Monetary Fund

Melinda French Gates steps down from charitable foundation that bears her name

by Walter Watson
Melinda French Gates steps down from charitable foundation that bears her name

Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation. Her last day of work at the foundation will be June …

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Opinion | Cold war 2.0 would exact a much higher economic price

by Walter Watson
Opinion | Cold war 2.0 would exact a much higher economic price

In her address to the Stanford Institute for Economic Policy Research titled “Geopolitics and its impact on global trade and the dollar” on May 7, Gopinath observed that global economic …

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U.S. and China trade bloc divisions threaten a ‘reversal’ for global economy

by Walter Watson
U.S. and China trade bloc divisions threaten a ‘reversal’ for global economy

China’s President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) …

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Opinion | Why the world needs a Bretton Woods 2.0

by Walter Watson
Opinion | Why the world needs a Bretton Woods 2.0

The prevailing view at Bretton Woods rejected the laissez-faire argument that free markets automatically provide full employment. It was believed that public institutions must intervene in difficult times. Delegates established …

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India refutes Biden’s ‘xenophobia’ comment, says economy ‘not faltering’

by Walter Watson
India refutes Biden’s ‘xenophobia’ comment, says economy ‘not faltering’

Indian foreign minister Subrahmanyam Jaishankar rejected US President Joe Biden’s comment that “xenophobia” was hobbling the South Asian nation’s economic growth, The Economic Times reported on Saturday. Jaishankar said at …

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Biden blames China, Japan and India’s economic woes on ‘xenophobia’

by Walter Watson
Biden blames China, Japan and India’s economic woes on ‘xenophobia’

President Joe Biden said on Wednesday that “xenophobia” from China to Japan and India is hobbling their growth, as he argued that migration has been good for the U.S. economy. …

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China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

by Walter Watson
China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

In comparison, in 2021, it was just US$100 away by the World Bank’s criterion – a per-capita GNI of US$12,551 compared to the US$12,695 requirement that year. China stands at …

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No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen

by Walter Watson
No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen

“We’ve had intensive discussions with the Chinese about this. I think they understand our position, and it is a tool that’s available,” she said. In December, US President Joe Biden …

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Sri Lanka’s Chinese-financed white elephant airport leased to Indian-Russian joint venture

by Walter Watson
Sri Lanka’s Chinese-financed white elephant airport leased to Indian-Russian joint venture

Sri Lanka said on Friday it had leased a white elephant international airport built with Chinese loans to a foreign joint venture, as the island nation’s bankrupt government seeks to …

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China penalises US acid imports in retaliatory move as trade relations grow caustic

by Walter Watson
China penalises US acid imports in retaliatory move as trade relations grow caustic

China announced on Friday it would levy anti-dumping penalties of over 40 per cent on imports of a chemical from the United States used in foods, pesticides, pharmaceuticals and drug …

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