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The Latest Breaking News from Maurice Obstfeld

Iran War Fallout Set to Deepen China's Grip on Global Renewable Energy Supply

The US-Iran conflict accelerates the global shift from fossil fuels, with China emerging as a major beneficiary due to its dominance in renewable energy production and infrastructure.

International Business Times UK

China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit

For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America

AAP

China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit

For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America

The Independent UK

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The world is heading toward a financial crisis – the state of US politics has left us ill-prepared

Trump’s second term has revealed that Washington’s policy response to such a crisis will be misguided and full of chaos

The Guardian - US

Iran war shocks continue to ripple through the global economy

The Iran war is driving up energy and fertiliser prices, threatening food shortages in poor countries, destabilising fragile states and complicating inflation control at central banks worldwide.

Euronews

War with Iran delivers another shock to the global economy

The war with Iran is doing collateral damage to the world economy

The Independent UK

Enduring confusion is the only certainty amid Trump’s latest tariff threats

Experts suspect ‘front loading’ of activity may mask deeper impact of tariffs on the US economy

The Guardian - UK

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How damage from a US debt default could cascade across the global economy

If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone

The Independent UK

Michael Hiltzik: Painful signs emerge that Fed is moving too far, too fast with aggressive rate increases

We have a term for the intentional infliction of pain on others: cruelty. So what are we to make of the Federal Reserve Board?

Los Angeles Times

Canada has raised interest rates by 1 percentage point. Could Australia follow?

As central banks scramble to fight inflation, with Canada's 100-basis-point interest rate rise the latest and largest move, a leading economist warns they may push the world into recession.

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