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HISTORICAL FACTS: Eswar prasad | History Defined

China's economy grows at 5% in first quarter, shrugging off initial impact of Iran war

China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far

The Independent UK

Economist Eswar Prasad warns a ‘motley group’ of middle powers can’t stop the ‘doom loop’ threatening the global economy

Prasad, author of “The Doom Loop,” worries that the forces behind globalization are fueling instability—and that global business is making things worse.

Fortune

China eyes challenge to U.S. dollar dominance – but that's easier said than done

Displacing the dollar would require China to build infrastructure and make sacrifices.

Axios

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China's export-led growth is looking more and more unsustainable while a real estate crash and reeling consumers fuel deflationary spiral

"China’s growth model is becoming increasingly difficult to sustain."

Fortune

Kitchen sink drama: Trump’s latest tariffs leave experts scratching heads

President places new duties on cabinets, vanities and sofas but national-security justification prompts puzzlement

The Guardian - US

King Dollar won't just give up its crown. Rivals have to take it away, but they're not ready, currency expert says

"Unless that changes, the dollar will remain on a much longer leash than any currency should rightfully have."

Fortune

Trump's tariffs will test unity among allies at G7 finance ministers' summit

Leading financial officials from the world’s richest countries are gathering in a Canadian mountain resort this week for what may prove a contentious meeting in the wake of President Donald Trump’s sweeping tariffs

The Independent UK

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Critics slam deregulation of crypto as Trump family expands its footprint in industry

Watchdogs say cryptocurrency regulation and enforcement has plummeted while Trump family invests heavily in it

The Guardian - US

Will Trump’s ‘liberation day’ be the start of a trade war – or another climbdown?

After myriad false starts and much fluctuation, the lingering question is not how far Trump can take his trade wars, but how far he will

The Guardian - US

Trump’s meme coin sparks more than 700 copycats posing as official crypto

Army of digital imposters uses names associated with president’s family in apparent bid to deceive investors

The Guardian - US

Why Trump tariffs will be ‘very bad for America and for the world’

If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill

The Guardian - US

‘Trump’s grifting tendencies’: how the president’s crypto ties could spur corruption

With Trump promising the US will be ‘crypto capital of the planet’, experts say the industry is poised for laxer oversight

The Guardian - US

Donald Trump is about to relaunch his trade war with China—and create even more corporate upheaval in the process

During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.

Fortune

Trump tariffs could leave the U.S. as the relative winner among global economies, Ivy League professor says

“No matter the virtues of these policies, they could end up hurting other countries a lot more than they hurt American consumers, making the United States look like a winner.”

Fortune

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International Business Times

Trump Vows To Defend US Dollar Hegemony, But Is It Under Threat?

President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.

The Guardian - US

Trump’s tariff threat sets stage for bitter global trade war

Trump intends to hit Canada, Mexico and China with tariffs, which experts say will risk retaliation and a damaging economic war

Fortune

2024 will be Asia’s time to shine–but a series of pivotal elections could change everything

Taiwan, Indonesia, India: Here are the key Asian elections to watch in 2024.

The Independent UK

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

The United States and China are the two global economic heavyweights

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Fortune

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Fortune

Ron DeSantis proposed a bill to ban CBDCs. A trade policy professor calls that 'a little ludicrous'

With his eyes on the 2024 presidential election, the Florida governor's proposal "is largely a political gesture."

The Independent UK

Near 'cliff's edge,' Credit Suisse not seen as systemic risk

Longtime troubles at Credit Suisse have come to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the U.S. to Europe

WEKU

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

Bangkok Post

Inflation Keeps U.S. From Stepping In to Slow Dollar's Rapid Rise

U.S. policy makers aren't likely to take action to slow the dollar's rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.

Asharq Al-Awsat

Ethereum Crypto Overhaul Targets Environmental Impact

The world's second biggest cryptocurrency after bitcoin, Ethereum, will soon overhaul its blockchain technology to curb the network's much-criticized environmental impact. Ethereum, whose digital unit ether tumbled in a crypto crash earlier this year, will in September undergo a major technical revolution, AFP said. So what is the backdrop for…

WEKU

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

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