business / finance

Portugal

Portugal's Economic Miracle Makes A Case Against Austerity

-Analysis- LISBON — What a successful gamble for Lisbon: The European Commission is about to ratify the proposal to end Portugal's excessive deficit procedure. The country will be joining the ...

Central African Republic

African Blood Diamonds For Sale On Facebook And WhatsApp

They don't hide in the abyss of the Dark Web. From Bangui, Beirut, Bordeaux or elsewhere, they use social media to promote their products and services. They are blood diamond community managers ...

Algeria

Cash For All In Developing World? Algeria Ponders Universal Basic Income

It's the big idea of the moment among certain economists and activists in the West: Universal basic income (UBI), a policy of allocating a fixed amount of money to every citizen, is seen by some ...

France

The World Is Asking If Cash Will Disappear — But Should It?

-Analysis- PARIS — Will the digital revolution get the better of physical currencies, a cornerstone of trade since 700 B.C. and a key fixture of modern society and government? Whether using ...

Saudi Arabia

Why Saudis Swapped Crown Prince: It's The Economy, Stupid

The latest big news out of the Middle East is that Saudi Arabian King Salman bin Abdulaziz Al Saud has ousted the crown prince and installed his 31-year-old son, Mohammed bin Salman, in that ...

Greece

Greek Debts: Is It Time To Let The Venus De Milo Go Home?

PARIS — Every day, tourists in the Louvre crowd around the Venus de Milo. The two-meter high armless marble lady is one of the museum’s most renowned pieces of art. But the statue, recovered by a ...

United Kingdom

Car Shopping On Amazon? Still A Long Road Ahead

You don’t need a brain like Jeff Bezos to figure out why he began selling books online and not cars. Books are a cheap and easily-shipped commodity product. By contrast, people rarely buy a car ...

France

Trump Conflict Of Interest Questions Wash Up At His Caribbean Villa

The sale of property belonging to Mr Trump in the French Antilles could become a problem.

China

Warning To The West: Don't Let China Hijack Global Capitalism

The U.S. has a long history of inhibiting Chinese expansion in Asia. Now, Donald Trump is handing...

China

New Slick Road: Europe Doesn't Buy China's Free-Trade Claims

European companies complain of trade hurdles in Beijing, but China presents itself as the defende...

United States

Republicans Are Still Clinging To "Anglo-Saxon Virtue" Myth

WASHINGTON — In 1965, not long after his assertion that adopting Medicare would mark the death of freedom, Ronald Reagan, that great sunny-side optimist of the American right, explained the ...

Norway

In Oil-Producing Norway, Electric Cars Are All The Rage

Electric cars are becoming a significant percentage of cars on the road in Norway. But are they r...

Chile

How Latin America Can Rise From The Sinkhole Of Corruption

Led by Brazil, much of the region is mired in deep corruption scandals. But revelation also shows...

United States

Why Amazon's Runaway Growth Doesn't Sit Well With Seattle

SEATTLE — Strolling through the bustling construction zone of Amazon’s urban campus in Seattle, you instantly recognize the charm offensive the company has aimed at its hometown. "Banistas" at two ...

China

China Speeds Toward A Cashless Economy

BEIJING — Two events this spring, seemingly unrelated, together offer a snapshot of where China has arrived in finance-related technology, commonly referred to as "fintech." On April 17, the Bank ...

United States

How "Standard" Pricing Became A Thing Of The Past

NEW YORK CITY — The 19th-century French sociologist Gabriel Tarde defined the marketplace as a war between buyers and sellers. He called price "a truce" obtained by haggling. It was because of ...

France

Protectionism, A False Promise For France's Future

In France's presidential campaign, like last year's race in the United States, protection...

France

France's Future, Rural Heartland Struggles To Reinvent Itself

Ahead of the high stakes of next week's French presidential election, a visit to "la France p...

United States

Deconstructing The Crisis Of The American Middle Class

NEW YORK — If you're a middle-class American baby boomer or Gen Xer, you might have spent much of the past decade wondering what went wrong. If you're a boomer, there's a good chance you're still ...

Egypt

Delivering Amazon To The Middle East

CAIRO — Amazon announced this week that it had acquired Souq.com, the major e-commerce website in the Middle East, in a deal that has long been speculated over and whose final value came in at ...

France

Lunar Glow, What's Driving The New Space Race To The Moon

PARIS — Even as the global economy struggles to recover, investment in space activities is flying high. The overall public expenditure in the sector — approximately $70 billion today — has been ...

Mexico

If Trump Kills NAFTA, "Modern Mexico" May End Up Dead Too

For the ordinary Mexican, the free-trade agreement has been a chance to build a modern country ba...