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Global economy

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World is at ‘tipping point’ after global debt binge, warns HSBC boss

World is at ‘tipping point’ after global debt binge, warns HSBC boss

HSBC chief Noel Quinn says countries risk being “hit hard” after allowing borrowing to balloon in the wake of the financial crisis and the pandemic.

  • by Szu Ping Chan

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For the world, and the world economy, this is the most dangerous moment in decades

For the world, and the world economy, this is the most dangerous moment in decades

It’s hard to assess what impact the Hamas atrocities will have on the world economy. Depending on how events pan out, it could prove the final nail in the coffin.

  • by Jeremy Warner
Why China is the elephant in the room for the US
Opinion
Opinion

Why China is the elephant in the room for the US

The world’s most important central bank doesn’t like looking too far beyond the US, but it can’t ignore China’s problems forever.

  • by Daniel Moss
China has put the world’s oil cartel into a death spiral
Opinion
Opinion

China has put the world’s oil cartel into a death spiral

OPEC is under immense pressure as the world changes rapidly. There may be no way back.

  • by Ambrose Evans-Pritchard
Why the ‘higher for longer’ interest rates call could be misleading
Opinion
Opinion

Why the ‘higher for longer’ interest rates call could be misleading

Markets have embraced the Fed’s belief that interest rates will remain higher for longer to bring inflation under control. But it could be a false signal.

  • by Stephen Bartholomeusz
Why China’s slowdown is actually helping the West

Why China’s slowdown is actually helping the West

China’s economic problems should be welcomed rather than feared as the world grapples with high inflation and a cost of living crisis.

  • by Liam Halligan
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The interest rates gamble that could hurt us all

The interest rates gamble that could hurt us all

There’s enough economic and geopolitical instability in the world without the US producing a source of more.

  • by Stephen Bartholomeusz
Putin and the prince are playing a very dangerous game

Putin and the prince are playing a very dangerous game

Saudi Arabia and Russia are tightening their grip on oil markets, and it risks driving a fragile global economy into recession.

  • by Stephen Bartholomeusz
Global debt reaches $367 trillion as calls grow for restraint

Global debt reaches $367 trillion as calls grow for restraint

The world’s governments, businesses and households owe a record $367 trillion, with calls growing for governments to help cut debt levels.

  • by Shane Wright
The mood turns dark in China as the economy sinks

The mood turns dark in China as the economy sinks

China’s citizens are used to an economy that keeps on growing and living standards that rose with it. Now they’re losing hope as they see their personal fortunes shrink.

  • by Li Yuan
Fear is in the air as China’s problems get even worse

Fear is in the air as China’s problems get even worse

When China resorts to a measure last used during the 2008 global financial crisis, you know that alarm bells are ringing louder in Beijing.

  • by Stephen Bartholomeusz