Without warning, at 7pm on July 18 1973, Prime Minister Gough Whitlam slashed every single import tariff at once – starting at midnight. It’s the kind of bold political leadership we rarely see today.
Talk of a joint BRICS currency feeds into ‘decline of the dollar’ rhetoric. But it is the economic bloc’s focus on innovation that will reshape the international system.
Garret Martin, American University School of International Service
The UK leader’s visit to the US comes amid trouble at home, with low ratings for his Conservative Party. But don’t expect much joy for Sunak on trade or Northern Ireland.
Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
The US’s negative attitude towards BRICS reflects its own weakening global power, especially its inability to isolate Russia in Europe and to contain China’s growing influence.
Older imported cars pose risks to motorists and spew pollution. Some countries, including Ghana, are taking steps to limit the harms of this piece of the vehicle life cycle.
Ten years after the collapse at Rana Plaza in Bangladesh, the garment industry’s deadliest disaster, reforms are incomplete. The opaqueness of today’s complex supply chain is part of the problem.
Just like how tax evasion brought down Al Capone, denying Russian ships protection and indemnity insurance could deliver a crushing economic blow to Vladimir Putin.