Economy
Our coverage of global economics, from inflation-fighting central banks to apprehensive financial markets
The US economy
Will Kevin Warsh Trumpify the Federal Reserve?
The incoming Fed chair says he wants regime change. But a revolution is unlikely
American corporate profits keep shrugging off global tumult
Earnings expectations are through the roof
Wealthy New Yorkers grumble as a new tax looms
Is the pied-à-terre tax a harbinger of things to come?
China’s economy
Xi Jinping wants a powerful currency. America’s war has helped
More countries are starting to use China’s payment infrastructure
Chinamaxxing is starting to catch on, in China
It’s a boon for the tourist trade
Why China’s exports will keep on rising
Our new analysis shows how the country shrugged off the effects of Donald Trump’s tariffs
Why the Iran war hurts China less than its rivals
But more than it admits
Asia’s economies
Pakistan’s deft diplomacy is an economic blessing. And a curse
It allows the country’s rulers to put off necessary reforms
Banyan
The tumbling rupee could be a big problem for Narendra Modi
India’s prime minister knows the risks of a weak currency
South Korea’s AI industrial policy meets the energy shock
The collision will not be pretty
Panicked Indians are scrambling to buy gas
War over Iran threatens the fuel that powers hundreds of millions of stoves
Europe’s economies
The EU wants to unshackle its economy. For real this time
Eurocrats are belatedly developing a healthy distaste for red tape
European policymakers fiddle with energy prices, again
By subsidising fuel, they are delaying adjustments in demand
How poor data hobble Britain’s immigration policy
Gaps, errors and fiefdoms frustrate a clear picture
The Bank of England’s eyes and ears
Even in the age of AI, human intelligence matters for monetary policy
Russia’s economy
As Russia looks to slash budgets, a village fights to survive
Officials now openly blame the war in Ukraine for cuts to services
Vladimir Putin enjoys a huge windfall from the Iran war
But the sugar high may not last
Russia is not as resilient as it wants you to think
But Vladimir Putin will keep fighting, and claiming victory prematurely
American sanctions are putting Russia under pressure
In time, though, its tankers will find new routes
