Business and political elites head to the World Economic Forum's annual meeting in Davos next week with its vision of a rules-based global economic order being tested to the limits. https://www.japantimes.co.jp/news/2026/01/14/world/politics/davos-global-order-trump/?utm_medium=Social&utm_source=mastodon #worldnews #politics #davos #worldeconomicforum #us #donaldtrump #globaleconomy
Jerome Powell, head of the U.S. Federal Reserve, said the Justice Department has opened a criminal investigation against him. Here’s what to know on Trump’s escalating pressure campaign on the Fed. https://www.japantimes.co.jp/business/2026/01/13/markets/donald-trump-fed-explainer/?utm_medium=Social&utm_source=mastodon #business #markets #jeromepowell #us #federalreserve #donaldtrump #globaleconomy
Fed chair Jerome Powell revealed Sunday that the Justice Department had subpoenaed the U.S. central bank, blasting the move as part of President Donald Trump's pressure campaign. https://www.japantimes.co.jp/business/2026/01/12/economy/us-fed-powell-subpoena-trump/?utm_medium=Social&utm_source=mastodon #business #economy #federalreserve #globaleconomy #jeromepowell #us #donaldtrump
dch :flantifa: :flan_hacker:
and 2 others
boosted
It is absolutely infuriating to see the US securing an exemption from the OECD global tax deal. Once again, the interests of multinational corporations are being prioritised over global equity.
While the rest of the world attempts to set a floor on the "race to the bottom" by implementing a 15% minimum corporate tax, the US is carving out a loophole that allows its biggest companies to continue dodging their fair share. This isn't just a technicality; it’s a direct assault on the ability of nations to fund public services, healthcare, and climate action.
We cannot build a fair global economy when the wealthiest nation on earth acts as a shield for corporate greed. We need international solidarity that puts workers and communities ahead of billionaire shareholders.
#taxjustice #corporatewealth #globaleconomy #leftist #equity #oecd
Kevin Carson
boosted
#EuropeanUnion Agrees to Landmark #FreeTrade Deal With #SouthAmerica
The agreement with #Argentina, #Brazil, #Paraguay & #Uruguay represents a push for deeper global cooperation, in contrast to the #UnitedStates turning to coercion & #force in its dealings with other countries.
#geopolitics #GlobalEconomy
https://www.nytimes.com/2026/01/09/business/economy/european-union-mercosur-trade.html?smid=nytcore-ios-share
#EuropeanUnion Agrees to Landmark #FreeTrade Deal With #SouthAmerica
The agreement with #Argentina, #Brazil, #Paraguay & #Uruguay represents a push for deeper global cooperation, in contrast to the #UnitedStates turning to coercion & #force in its dealings with other countries.
#geopolitics #GlobalEconomy
https://www.nytimes.com/2026/01/09/business/economy/european-union-mercosur-trade.html?smid=nytcore-ios-share
A United Nations report forecasts global economic growth to decline to 2.7% in 2026 from 2.8% last year before increasing to 2.9% in 2027 — still down from a pre-pandemic average of 3.2% between 2010 and 2019. https://www.japantimes.co.jp/business/2026/01/09/economy/un-global-growth-forecast/?utm_medium=Social&utm_source=mastodon #business #economy #globaleconomy #economicindicators #un
Do not mistake a resilient global economy for populist success
#HackerNews #resilientEconomy #populism #globalEconomy #economicTrends #politicalAnalysis #Economist
For Beijing, invading Taiwan represents all-or-nothing: Winning militarily could still mean losing if China emerges isolated and crippled. https://www.japantimes.co.jp/commentary/2026/01/06/world/trumps-venezuela-coup-lessons-for-china/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #venezuela #taiwan #us #china #russia #ukraine #russiaukrainewar #tsmc #defense #trade #supplychains #chineseeconomy #useconomy #globaleconomy
It is absolutely infuriating to see the US securing an exemption from the OECD global tax deal. Once again, the interests of multinational corporations are being prioritised over global equity.
While the rest of the world attempts to set a floor on the "race to the bottom" by implementing a 15% minimum corporate tax, the US is carving out a loophole that allows its biggest companies to continue dodging their fair share. This isn't just a technicality; it’s a direct assault on the ability of nations to fund public services, healthcare, and climate action.
We cannot build a fair global economy when the wealthiest nation on earth acts as a shield for corporate greed. We need international solidarity that puts workers and communities ahead of billionaire shareholders.
#taxjustice #corporatewealth #globaleconomy #leftist #equity #oecd
The argument that dollar-pegged stablecoins will extend it rests on a slew of shaky assumptions and leaves key questions unanswered. https://www.japantimes.co.jp/commentary/2026/01/05/world/will-stablecoins-preserve-dollar-dominance/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #stablecoins #cryptocurrencies #usdollar #donaldtrump #us #monetarypolicy #trade #globaleconomy
The new year opened much as the last one ended, with markets rising, Wall Street confidence intact and little sign the forces that powered 2025 have run their course. What’s less clear is how long this can last. https://www.japantimes.co.jp/business/2026/01/03/markets/wall-street-2026-expectations/?utm_medium=Social&utm_source=mastodon #business #markets #us #stocks #globaleconomy
China entered 2025 widely written off amid trade pressure, capital flight, and deep structural worries, but ended the year reasserting its economic and technological strength. https://www.japantimes.co.jp/commentary/2026/01/02/world/never-underestimate-china/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #china #chineseeconomy #globaleconomy #us #tariffs #trade
Most Federal Reserve officials expect additional interest rate cuts as long as inflation declines over time, though they remain divided over when and how far to cut, minutes of this month’s meeting show. https://www.japantimes.co.jp/business/2025/12/31/economy/fed-minutes-rate-cuts-inflation/?utm_medium=Social&utm_source=mastodon #business #economy #us #federalreserve #interestrates #inflation #globaleconomy
U.S. President Donald Trump shook up global trade this year. Here’s what to look out for in 2026. https://www.japantimes.co.jp/business/2025/12/24/economy/trump-global-trade-2026-outlook/?utm_medium=Social&utm_source=mastodon #business #economy #us #trade #tariffs #economicindicators #globaleconomy
As candidates vie to become chair of the U.S. Federal Reserve, it's unclear whether the central bank will maintain enough autonomy and credibility to manage the economy under pressure from politics and the market. https://www.japantimes.co.jp/commentary/2025/12/23/world/fed-autonomy-credibility/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #us #federalreserve #supremecourt #donaldtrump #dollar #currencies #globaleconomy #debt #ai
Beijing’s expansion of export controls on rare earth elements could redefine global production. https://www.japantimes.co.jp/commentary/2025/12/23/world/china-weaponized-rare-earths/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #rareearths #supplychains #china #trade #defense #chinajapanrelations #chineseeconomy #japaneseeconomy #globaleconomy
European Commission chief Ursula von der Leyen was supposed to sign the European Union’s largest free-trade agreement on Saturday, proving the bloc’s standing as a geoeconomic force. That didn't happen. https://www.japantimes.co.jp/business/2025/12/22/economy/europe-stumbles-trump-world-order/?utm_medium=Social&utm_source=mastodon #business #economy #eu #southamerica #trade #us #china #donaldtrump #agriculture #italy #globaleconomy