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"The Taiwan question is purely an internal affair of China, and no other country is entitled to act as a judge on the Taiwan question," the Chinese Foreign Affairs Ministry stressed.
Colonial-style currency board arrangements have enabled continuing imperialist exploitation decades after the end of formal colonial rule. Such neo-colonial monetary systems persist despite modest reforms.
US-led plans for a continental anti-ballistic missile shield are flawed, will enrich arms manufacturers and could precipitate an arms race, experts say
The financial behemoth privately fears that regular people have too much leverage.
A drive for social good characterized by demand and solidarity is always hovering just below our collective class consciousness. Crises like that which New Brunswick students now face can act as stimulants—calls to action for activists to organize and re-ignite the demand for more affordable access to higher education. From crisis emerges opportunity. The question is whether it will be taken.
A central bank controls only a component of the interest rate that helps determine the spread at which banks can lend, but it does not determine the rates at which banks lend to customers. It merely influences the spread. Aiming at the Fed’s supposed “control” over interest rates misunderstands how banks actually create money and influence economic output.
Today’s BT Openreach strike is the first national telecoms strike in decades and the first national call centre strike in Britain’s history – it pits 40,000 underpaid workers against one of the most profitable corporations in the country.
$130 million deal with a shadowy company controlled by crown prince Mohammed bin Salman a sign of normalizing ties with Saudi regime
John Clarke | The politics of Pierre Poilievre are a very major threat but they are also a symptom of societal crisis and the lack of a fighting response on the left. Poilievre won’t wait for the next election to start spreading his poison.
In 1872, Friedrich Engels wrote The Housing Question, tying the working class’s perpetual housing crisis to the free market in Victorian England. The century and a half of housing crises since have proved Engels correct.
Tribune sits down with the RMT’s Mick Lynch to discuss the national rail strike, his viral television appearances – and how workers can come together to topple Britain’s super-rich elite.
Can democracy live on here if dictatorship fully wins the day south of the border? The biggest obstacle is what’s in our heads. It is ingrained among Canadians that the United States is our greatest friend and will always champion democracy. That can no longer be taken for granted. Can we pivot to seeing the US as our biggest potential threat?
The ECB is caught in what one analyst called a “nightmare scenario”. The deputy head of the Brussels-based Bruegel economic think tank, Maria Demertzis said, “The risk ahead of us is that because of the energy crisis, the euro area could end up in recession, while at the same time the ECB will have to keep raising rates if inflation does not come down.” Krishna Guha, head of policy and central bank strategy at US investment bank Evercore, said: “The combination of a brewing giant stagflationary shock from weaponised Russian natural gas and a political crisis in Italy is about as close to a perfect storm as can be imagined for the ECB.”
The return of high inflation after the global pandemic poses a major political and analytical challenge for labour and the left. On top of cuts to real wages resulting from the wide gap between inflation and pay, high and rising inflation has led central banks, including the Bank of Canada, to hike interest rates sharply. This is raising the debt servicing costs of households, businesses and governments and making new borrowing more expensive.
This interview is part of a series with the Blended Finance Project a group of unions, non-governmental organizations and academics who are concerned about the Canadian government’s embrace of what is called “blended finance.” We argue that blended finance is merely the latest iteration of the privatization and financialization of foreign aid and seek to engage others in Canada and around the world to propose more equitable public alternatives.
Financial markets in the so-called ‘emerging economies’ are in turmoil. At the end of May 2022, the Financial Times reported that the return delivered by emerging market (EM) sovereign bonds was around minus 15 per cent for 2022, the worst since 1994.
Across the Caribbean, soaring national debt is a hidden but decisive aspect of the climate crisis, hobbling countries’ ability to protect themselves from disaster. One island’s leader is fighting to find a way out.
Instead of insecure passwords, password managers with passwords to access them, two-factor authentication through text message or app on your phone, and easily compromised services, we can now use a simple, user-friendly physical USB key system.
Chile’s new constitution will give official recognition to the Indigenous peoples within its borders, making it the third plurinational country in South America, after Ecuador and Bolivia.
The hyperbolic comparisons between Russia and Vladimir Putin to Nazi Germany and Adolf Hitler, as well as constant accusations that anyone who attempts to negotiate with Russia for a peaceful end to the war is engaged in “appeasement,” have cost the world opportunities to de-escalate.