How did a heavyweight champion end up running a city of three million people in wartime?

Amazing battery range, customizable interiors and sleek software—our columnist fell in love with a Xiaomi SU7 Max after driving it for a few weeks.

The success of credit unions in Canada owes a lot to one person, among the most important in the creation of cooperative credit organizations, Alphonse Desjardins.

Europe has it in its power to force a messy compromise with capital flows, not troops.

Domestic debt now accounts for 53.5 percent of total public debt, up from 51 percent a year earlier

What happened in Tanzania during the unrest that followed the October election remains unclear. New evidence points to killings and grave human rights abuses by security forces in the second largest c...

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency

Buenos Aires hands back $2.5bn it drew under swap line ahead of pivotal election in October

The US move against Maduro has eerie parallels to the coup that ousted Salvador Allende in 1973

China's industrial policy has become a central flashpoint in global trade debates, yet systematic evidence on what China actually does remains scarce. This column reveals five key findings from a new database covering China's WTO subsidy notifications from 2001 to 2022: (1) direct fiscal support stabilised around 0.8% of GDP after 2008; (2) China is an active subsidy user with striking policy persistence; (3) FDI-promoting subsidies have declined while industry-specific and innovation-focused support has risen; (4) wealthier, more open provinces provide more local subsidies; and (5) agriculture dominates by value while manufacturing subsidies are modest. These patterns reveal how China's subsidy strategy has evolved from attracting foreign capital towards technological self-reliance.

Financial globalisation since the 1990s has led to large holdings of cross-border assets and liabilities in many countries. This column analyses the yields on assets and liabilities for 20 advanced and 22 emerging economies over 1999-2023, and finds that they were on a mostly downward trend, before increasing from 2020. Yields are driven by movements in exchange rates and interest rates, with significant heterogeneity across types of investments. Furthermore, the net impact of recent interest rate increases on income balances can vary greatly depending on the specific composition of assets and liabilities.