(Bloomberg) — In a surprise move, Javier Milei, the President-elect of Argentina, has shifted away from his advisors advocating for his most radical campaign promises and has turned to Wall Street veterans with closer ties to former leader Mauricio Macri. At the forefront of Milei’s boldest campaign propositions of dollarization and closing the central bank, …
China is still grappling with deflationary pressures, which highlights the fragility of its economic recovery in the final months of 2023, according to Bloomberg. Economists surveyed by the publication anticipate that data due on Thursday will show consumer prices in China slipping into deflation in October. Producer prices are also expected to decline for the …
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. As Russia’s central bank prepared to lift interest rates last week, an executive at a top state lender warned policymakers were confronting no less than their “Waterloo” — a battle with inflation whose outcome would prove momentous …
Caesars are back, big Caesars and little Caesars, in big countries and small countries, in advanced nations and developing nations. The world seems to be teeming with self-proclaimed strongmen strutting their stuff or waiting in the wings, plotting a comeback after a humiliating fall. And we thought this couldn’t happen here. How can these uncouth …
Introducing Work in Progress, a curated newsletter by Derek Thompson that covers important topics such as work, technology, and innovative solutions for America’s biggest problems. Don’t miss out on this weekly newsletter by signing up here! In 2022, there was widespread belief that the economy in 2023 would be a complete disaster. Last year, a …