Global Economy
  • People walk past a branch of Haitong Securities, in Shanghai

    Why China May Be Headed for a Massive Bank Bailout

    By John Ruwitch and Yawen Chen, Reuters

    Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as...

  • A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. To match Exclusive OPEC-OIL/   REUTERS/Raheb Homavandi/File Photo

    Why OPEC's Production Cuts Haven't Boosted the Price of Oil

    By Ahmad Ghaddar, Reuters

    How long will it take for oil inventories to drop to normal levels? That's the question OPEC and oil markets are grappling with before Thursday’s meeting of producer countries in Vienna. At just over...

  • FILE PHOTO - A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. To match Special Report BITCOIN-WRIGHT/PATENTS     REUTERS/Benoit Tessier/Fi

    Bitcoin Is Soaring: Here's the Incredible Gain Since 2010

    By Arjun Kharpal, CNBC

    Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's pizzas. More important than the episode being...

  • Chinese President Xi Jinping and delegates attending the Belt and Road Forum pose for a group photo in Beijing, China May 14, 2017. Courtesy of Xinhua/Pang Xinglei/Handout via REUTERS

    As the US Pulls Back, China Boosts Global Trade on a New Silk Road

    By Ben Blanchard and Sue-Lin Wong, Reuters

    Chinese President Xi Jinping and 29 other heads of state on Monday reaffirmed their commitment to build an open economy and ensure free and inclusive trade, under the ambitious Belt and Road...

  • Canada's Prime Minister Justin Trudeau takes part in a town hall with high school students in Ottawa, Ontario, Canada, November 3, 2016. REUTERS/Chris Wattie

    Canada Is Launching a Major Test of Universal Basic Income

    By Chris Weller, Business Insider

    Finland , The Netherlands , and San Francisco, California have already shown their interest in giving people a regular monthly allowance — a system known as basic income. Now Ontario, Canada, is...

Global Economy Directory

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