After months of delays, arguments and doubts, euro-zone finance ministers agreed on a second, $170 billion bailout of beleaguered Greece in the early hours of Tuesday morning. The agreement will not only provide fresh financing …
After the Greek Parliament on Sunday passed yet another package of austerity measures demanded by its euro-zone neighbors — this one worth $4.4 billion — the path seemed clear to finalizing a long-delayed, second bailout of …
The most important economic story of the first half of the 21st century is how China is changing the global economy. There are a lot of benefits to this change – hundreds of millions of new consumers to drive global growth, …
So it looks like Greece will dodge a default, at least for now. The Greek parliament passed a new $4.4 billion austerity package on Sunday, which includes a painful 22% cut in the minimum wage and 150,000 public sector job …
I just landed in Rome for some on-the-ground reporting on the latest twists and turns in the euro-zone debt crisis, and I immediately got some sound insights from our reporter here, Stephan Faris. Faris watches the situation in …
One of the challenges of covering the World Economic Forum at Davos as a journalist is making sense of the whole thing. The forum is days and days of wandering conversations and endless debates on just about every subject you can …
As my train pulled into the station at a snow-covered Davos a few days ago, I was prepared to be cynical. I’d had dinner the night before with an old friend, a former chairman of a major American company, who was usually a …
In a world economy gripped by fear and smothered in uncertainty, I managed to meet someone here able to shine a bright light through the gloom – Steve Ellis, worldwide managing director of consulting firm Bain & Co. Sure, we …
The weather in Davos has offered a perfect setting for this year’s World Economic Forum. Heavy snowfall has made simply keeping your footing a difficult challenge; one ill-timed misstep on the ice could easily send you head …
As the global economic crisis enters its fourth excruciating year, just about everybody who can be blamed for the downturn has been blamed. Irresponsible bankers. Greedy corporate executives. Incompetent regulators. Bickering …
In a recent special issue of TIME, I argued that India would eventually overtake China as the world’s premier emerging market. It’s a prediction that often produces snickers. How, skeptics ask, can India’s fractious …
Credit rating agency Standard & Poor’s dropped another market-rattling bombshell on Friday when it downgraded the long-term rating of nine – yes, nine – euro zone countries. France and Austria lost their coveted AAA status …
