World economy

Modi, Biden pledge to deepen India-U.S. partnership as world leaders meet in Delhi for G20 summit

NEW DELHI — Indian Prime Minister Narendra Modi and U.S. President Joe Biden pledged to deepen the partnership between their…

China’s deflation could spill over into a global concern, economists say

China’s economic challenges have given rise to deflationary pressures that present a global concern and are likely to accelerate in…

Niger coup draws condemnation from Russia and the West as regional body threatens force

LONDON — West African leaders on Sunday threatened military action against the junta that seized power last week in a…

15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer

The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…

Goldman Sachs cuts odds of a U.S. recession in the next year

Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down…

Yellen says ‘direct’ and ‘productive’ Beijing talks a step forward in putting U.S.-China ties on ‘surer footing’

U.S. Treasury Secretary Janet Yellen said 10 hours of meetings with Chinese officials in two days were “direct, substantive and…

Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China

Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between…

A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024

The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…

Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows

China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to…

Senegal, one of Africa’s bastions of stability, faces its gravest threat of unrest in decades

The criminal conviction of a populist opposition leader in Senegal has triggered widespread unrest that threatens the West African country’s…