Economy

A debate about central-bank independence is overdue

THE FEDERAL RESERVE has heard worse. But when the president complains that it has gone “crazy” by tightening monetary policy,

Repair is as important as innovation

IN 1533 A noblewoman in Calais presented a visiting grandee with a peculiar gift: her personal toothpick, which, she was

The fate of Italy’s banks is still tied to public debt

IN ITALY’S BUDGET drama, the action is shifting away from Rome. Last month its populist government said it would run

A new form of cryptocurrency promises to defy financial gravity

  TO GET AN idea of just how volatile cryptocurrencies are, compare them with the stockmarket. Bitcoin, the biggest one,

Why rising bond yields are playing on stockholders’ nerves

THE FIRST full-length film made by Steven Spielberg features an unusual lead. So indeed does much of his more celebrated

A court ruling knocks another hole in Swiss banking secrecy

DURING HIS decade-long legal battle with the Swiss authorities, Rudolf Elmer, a bank whistleblower, has endured 48 prosecutorial interrogations, spent six

The U.S. Is Ranked the World’s Most Competitive Economy for First Time Since 2008

The U.S. is the most competitive economy in the world, according to the latest annual ranking by the World Economic

The U.S. Economy Is Booming. So Why Is the Federal Deficit at Its Highest Level Since 2012?

The U.S. deficit just hit its highest level since 2012, according to the latest figures from the Treasury. The Trump

The world economy looks dependent on booming America

IT HAS been a nervy few days for financial markets. A sell-off in bond markets, prompted by monetary tightening in

China inches towards stimulus as the economy slows

WHEN Wang Xianchen, a Chinese official in the early 1500s, tired of the scheming of imperial politics, he returned to