- newA Nordic pioneer of negative interest rates gets cold feet
THE WORLD’S oldest central bank, Sweden’s Riksbank, is a trendsetter. In July 2009, in the depths of the financial crisis, it was the first central bank to cut interest rates below zero. It set the global record, of minus 1.25%, for the lowest in…
- 4 hours ago 12 Dec 19, 3:53pm -
- newWhy are people attracted to 50:50 probabilities?
BARACK OBAMA’S intelligence officers told him, variously, that there was a probability of between 30% and 95% that Osama bin Laden was in the Abbottabad compound in Pakistan in April 2011. The president was having none of it. “This is 50:50,” h…
- 4 hours ago 12 Dec 19, 3:53pm -
- newCentral bankers debate tackling climate change
AS FAR AS interest rates are concerned, the new boss of the European Central Bank (ECB), Christine Lagarde, seems largely in agreement with Mario Draghi, her predecessor. Where she seems to differ is in wanting the bank to be greener. On December 2nd…
- 4 hours ago 12 Dec 19, 3:53pm -
- newTrade war? China’s exporters have expanded their global market share
A YEAR AGO an economic forecasting unit in the Chinese government published an outlook for the coming year. The big worry, it concluded, was the external environment. Shipments to America, China’s biggest customer, would suffer as the trade war dra…
- 4 hours ago 12 Dec 19, 3:53pm -
- newAmerica wants the World Bank to stop making loans to China
THE CARIBBEAN islands of St. Kitts and Nevis are known for luxury tourism (visitors include Meryl Streep and Oprah Winfrey), pricey citizenship (on sale for $150,000), and a sprint world champion (Kim Collins). But despite the country’s many assets…
- 4 hours ago 12 Dec 19, 3:53pm -
