Growing restrictions imposed on foreign banks operating in developing countries since the 2007/9 global financial crisis are hampering better growth prospects by limiting the flow of much-needed financing to firms and households, a World Bank report warned on Tuesday.
Authors: Wang Li & Yang Yi-zhong*
According to a conventional argument, with no heir apparent and his power firmly consolidated, Chinese President Xi Jinping is at the height of his authority when U.S. President Trump made his first state visit last week. On October 18, Xi’s inaugurating message was clear: China is already a superpower and should begin to act like one.
Ratings agencies must downgrade businesses responsible for unethical practices such as tax evasion carried out through off-shore-registered companies, two United Nations human rights experts warned, while urging countries to cooperate to counter this global tax abuse problem.
The world's cities generate more than 75% of global carbon emissions – it's time for them to play a more prominent role in fighting climate change. Shanghai, Dhaka, Karachi, Hong Kong and Miami are "literally going under water," said Robert Muggah, Research Director of the Igarapé Institute, Brazil, addressing the Annual Meeting of the Global Future Councils.
This month marks the 100th anniversary of the Russian Revolution of October 1917. As we in the United States try to imagine a revolutionary opposition to the U.S. imperialist system a great appreciation of the achievements of the Russian revolution and the Soviet Union is a critical part of our revolutionary future.
US President Donald Trump and his Chinese counterpart Xi Jinping have set out starkly different visions for the future of global trade in speeches at a summit in Vietnam. In a defiant address, Trump told the Asia-Pacific Economic Co-operation (APEC) meeting that the US would no longer tolerate "chronic trade abuses". In contrast, President Xi said globalization was irreversible.
In only its second year, the World Economic Forum's Annual Meeting of the Global Future Councils has established a reputation for bringing together experts from all stakeholder groups to identify new ways for technology to reshape our future.