Treasury Secretary Mnuchin is taking ‘extraordinary measures’ to avoid busting the debt ceiling.
AP Photo/Jose Luis Magana
The US hit the debt ceiling in March and is expected to run out of ways to get around the new $22 trillion limit by September. An economist explains why the ceiling is a dysfunctional relic.
Work isn’t as stable as it once was.
A growing number of jobs are becoming less stable, with fewer benefits and stagnating wages. This is taking a significant toll on the psychological health of workers.
In South Africa, it is possible to be employed and still poor.
It’s true, research says.
While the US is a nation of immigrants, China is not. That's a huge competitive advantage when doing business in emerging markets.
Perot become a household name after making an independent run for president in 1992.
AP Photo/Doug Mills
As the US prepares to replace NAFTA, a labor scholar who was critical of Perot but shared concerns about the deal revisits the claim that helped him become the most successful third-party candidate since Teddy Roosevelt.
Congress was once the seat of all power on U.S. trade policy.
President Trump has unilaterally raised tariffs and sparked trade wars, all without consulting Congress. A century ago, the roles were reversed.
Street life, Addis Ababa.
milosk50 / Shutterstock.
Development should not be pursued at the expense of the very people who helped to create value and meaning in the city.
Cap is probably not a fan of inflation.
It's why Marvel's effort to break the worldwide box office record is doomed, as an economist explains.
The increasing use of sensors in smart homes adds to an ever expanding amount of user data that can be collected and commodified.
Companies scrutinise our online likes, dislikes, searches and purchases to produce data that can be used commercially. And it's often done without us understanding the full extent of the surveillance.
Facebook offers lofty ideals for its digital currency.
Facebook claims its new cryptocurrency will bring financial inclusion and opportunity to billions, pushing cash further to the fringes. Is that a good thing?
Global investors are already mobilizing capital to take advantage of investment opportunities in climate-smart infrastructure, emissions-reducing technology and updated electricity grids.
We need to equip Canada’s financial sector to steer us through a global economic transition on our own terms.
Totnes shows how a small, rural town can build community resilience at a time when local budgets are under strain.
South Africa has seen a steady rise in the number of protests
If the country is to survive its current crisis, government will need to undertake two difficult tasks simultaneously.
Fed Chair Powell signaled he’s ready to cut rates if necessary.
The Fed is in a tricky position as it signals it may soon cut interest rates to boost the economy, which also risks spurring runaway inflation and even an economic downturn.
Sluggish jobs growth may compel Federal Reserve Board Chair Powell to take action.
The Fed said it's ready to act to 'sustain the expansion.' The latest jobs report suggests it may have to act soon.
Russian President Vladimir Putin and Zambian President Edgar Lungu meet on the sidelines of the BRICS Summit in Johannesburg in 2018.
EPA-EFE/Alexei NikolskySputnik/Kremlin Pool
Russia's goal is to become one of Africa's strategic partners through trade and armed support.
Almost 80 million Nigerians do not have access to electricity and its erratic supply is costing the economy an estimated $29 billion annually. Nigeria's abundant sunlight could be the solution.
Negative announcements, such as high unemployment rates, rapidly rising prices, and increasing business failures can have an impact on mental well-being.
Suicide rates increase in times of economic strife and uncertainty
The Trump administration says its trade policy saved the U.S. steel industry.
AP Photo/Jim Mone
Trump claims the tariffs he’s imposed on imports from China and elsewhere are saving US industries and jobs. The data offers a murkier picture.
The trade war has high costs for both the U.S and China.
An economist explains why the US and Chinese governments are most likely to dig in their heels rather than find a compromise to end the costly trade conflict.