Lacking parliamentary support, the French president used a special measure to circumvent a vote, a step likely to further enrage opponents.
Tag Archives: Economic Conditions and Trends
Macron Faces Pivotal Week in His Attempt to Change France at Its Core
Millions are again expected to protest President Emmanuel Macron’s plan to raise the retirement age before a decisive vote that could redefine his nation and his legacy.
Britain Wants Its Early Retirees Back, but Their Days Are ‘Never Boring’
The country’s work force is smaller than it was before the pandemic, sapping economic potential. The government is going to try luring more people off the sidelines.
In Budget Talks, Biden Rejects Hard Choices of the Past
The president has met Republican demands for debt reduction with a plan to trim deficits by taxing companies and the rich.
As Economy Falters, China’s New Premier Tries to Boost Business Confidence
Li Qiang, the country’s No. 2 leader, sought to reassure entrepreneurs who have been wary of making new investments.
A Chinese Commonwealth? An Unpopular Idea Resurfaces in Taiwan.
The war in Ukraine is causing many Taiwanese to rethink their relationship with China.
Debt Default Would Cripple U.S. Economy, New Analysis Warns
As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.
Plunge in Currency Deepens Iran’s Economic Crisis
Years of Western sanctions are partly to blame for the crisis. But economists say poor management by the country’s authoritarian clerical rulers also plays a big part.
What to Expect at China’s National People’s Congress as Xi Tightens Grip
When its top legislature meets, Beijing will lay out a vision for reviving economic growth and strengthening the Communist Party’s grip after a chaotic reopening.
Eurozone Inflation Edges Lower, but Pressure on Prices Continues
The annual rate of inflation was 8.5 percent in February, down from 8.6 percent a month earlier, among countries using the euro.
Biden Dispatches Yellen and Blinken to Bolster Support for Ukraine
Treasury Secretary Janet Yellen traveled to Kyiv the day before Secretary of State Antony Blinken was to visit Central Asia in a show of American solidarity with Ukraine in its battle with Russia.
Dying Children and Frozen Flocks in Afghanistan’s Bitter Winter of Crisis
Hundreds have died in plunging temperatures, and malnutrition has been rampant, even as the Taliban government’s ban on female workers has hampered international aid.
War in Ukraine Has Changed Europe for Good
No event has transformed the continent more profoundly since the end of the Cold War, and there is no going back now.
War in Ukraine Deepens Divide Among Major Economies at G20 Gathering
Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.
Tech Leaders in Israel Wonder if It’s Time to Leave
Ahead of a judicial overhaul that could transform the country and frighten away investors, the executives of Start-Up Nation are mulling an exodus.
China’s Cities Are Cutting Health Insurance, and People Are Angry
Local governments, short on money after three years of “zero Covid” and faced with many more retirees, are raising costs and overhauling benefits.
What the War in Ukraine Has Truly Cost Us
War isn’t just tragic. It squanders our resources.
Turkey’s Reeling Economy Is an Added Challenge for Erdogan
The earthquake’s staggering reconstruction bill will join other economic woes as the country’s autocratic leader faces re-election.
Nigerian Election 2023: What to Know
The presidential election this month in Africa’s most populous country is completely unpredictable. An unexpected third candidate with a huge youth following may upend decades of traditional politics.
U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.
U.K. Inflation Eases to 10.1 Percent, but Food Prices Push Higher
January was the third month of declines in the inflation rate, but the double-digit increase shows Britain’s cost-of-living crisis persisting.
Packed With Tourists, Japan Returns to Economic Growth
The modest expansion in the fourth quarter of 2022 was driven by a recovery in private consumption, as well as spending by visitors.
Anger Over Quake Response Challenges Erdogan Ahead of Election
A furor is building among some survivors over the government’s handling of the crisis. “I have been voting for this government for 20 years, and I’m telling everyone about my anger,” said one. “I will never forgive them.”
Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets
The steadfastness of India’s economy attests to the size and seeming strength of the country’s broader business landscape.
Wonking Out: From Stagflation to ‘Immaculate Disinflation’
Why are economists experiencing such big mood swings?
Biden’s Message: What Trump Promised, I’m Delivering
But there were also reminders of the forces that can’t be mastered by infrastructure spending, China bashing and appropriations of populist themes.
U.S. Trade Deficit Surged in 2022
The widening gap between what the United States imports and what it exports was driven by strong growth in foreign goods coming into the country.
Flowers, Fresh Fish and Movies: China Is Spending Again, Cautiously
The outlook for the world’s second largest economy is brighter as consumer spending picked up after “zero Covid” was lifted. But scars remain from the harsh pandemic restrictions.
Bank of England Raises Rates to 4 Percent
The bank raised rates by half a point to the highest since 2008, but softened its tone on future rate increases.
Brexit Turns 3. Why Is No One Wearing a Party Hat?
The divorce between Britain and the European Union has become the dark thread that, to many, explains why Britain is suffering more than its neighbors.
Europe’s Economy Edges Higher, Heading Off Forecasts of Recession
The eurozone economy grew 0.1 percent late last year, a reflection of modestly rising optimism as energy prices have eased, but risks remain.
Russia Sidesteps Western Punishments, With Help From Friends
A surge in trade by Russia’s neighbors and allies hints at one reason its economy remains so resilient after sweeping sanctions.
Sri Lanka Is Calm Again. That Doesn’t Mean Things Are Any Better.
After an economic collapse and political upheaval, Sri Lankans have become resigned to leaner meals and reduced horizons.
IMF Upgrades Global Economic Outlook as Inflation Eases
The International Monetary Fund said the world economy was poised for a rebound as inflation eases.
Will Americans Even Notice an Improving Economy?
There’s a stunning disconnect between perceptions and the data.
China’s Oil and Gas Use Fell in 2022 for First Time in Decades
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
In Egypt, Eggs Are Becoming a Luxury and Lenders Are Setting Terms
After months of punishing inflation and a plummeting currency value, Egyptians are growing louder about an economic crisis. In exchange for a bailout, the I.M.F. is imposing stern conditions on the government.
New Orleans Port Expansion Shows Optimism on Future of Global Trade
The city that was once the world’s gateway to America is betting it can win in a new and different era of global integration.
India’s Love Story With ‘D.D.L.J.’ Is Still Strong After 27 Years
‘D.D.L.J.,’ which a Mumbai theater has shown nearly every day since 1995, encapsulates a society in churn, with the choices afforded by economic opportunity clashing with tradition.
How to Invest as a Debt Ceiling Crisis Looms
The risk of a federal debt ceiling breach later this year has increased. Steel yourself for trouble, our columnist writes. But remember: This, too, shall pass.
At Wartime Davos Forum, Calls for European Unity Are Eased by Relief
“Our energy supply for this winter is secure,” Germany’s chancellor declared as government and business leaders gathered at the World Economic Forum.
China’s Self-inflicted Pain
China’s rise seemed inevitable, but now it’s hitting serious roadblocks.
U.K. Inflation Slows but Remains Stubbornly High
Consumer prices rose 10.5 percent in December, the second consecutive monthly decline, thanks to easing gasoline and clothing prices.
China’s Decline Became Undeniable This Week. Now What?
Forget about a rising China. The dangerous part will be its decline.
China Returns to Davos With Clear Message: We’re Open for Business
Emerging from coronavirus lockdown to a world changed by the war in Ukraine, China sought to convey reassurance about its economic health.
China’s Economy Stumbled Last Year With Covid Lockdowns Hobbling Growth
New government data shows that growth for the year fell far short of Beijing’s goal. With Covid curbs lifted but the pandemic’s course uncertain, hope and fear cloud the forecast.
Covid Workers in China Clash With Police Over Unpaid Wages, Layoffs
Companies that reaped windfalls helping the government implement strict ‘zero Covid’ controls are now struggling to pay and keep workers.
A United Europe Weathers Crises, but Deeper Challenges Remain
Differences on NATO and E.U. enlargement, energy and climate, and relationships with the United States, China, Russia and Ukraine will prime Davos talks.
World Economic Forum in Davos Confronts a New Order
The Covid-19 pandemic, invasion of Ukraine, trend toward autocracy and economic inequalities challenge the World Economic Forum’s relevance.
How Western Goods Reach Russia: A Long Line of Trucks Through Georgia
With Western sanctions barring many imports, a lot of what Russia needs now travels a slow, crowded truck route through the Caucasus Mountains from Georgia.