Economy

African governments let too many taxpayers off the hook

TAX collection in Africa resembles an exasperating fishing expedition, in which the big fish wriggle into tax havens and the

Turkey’s crisis is not fundamentally contagious

IN 1546 Girolamo Fracastoro, a doctor and poet, published an elegant theory of contagion. Infections spread in three ways, he

The Gap Between CEO and Worker Pay Is Nearing Pre-Financial Crisis Levels

While the U.S. stock market has soared since President Donald Trump’s 2016 election, those rising tides have disproportionately boosted the

Rupee breaches 70 per dollar mark as Turkey concerns persist

MUMBAI (Reuters) – The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as

Crisis in Turkey; Global fallout; Bayer pain

1. Crisis in Turkey: The Turkish lira plunged as much as 11% to a record low against the dollar before

Americans are spending like crazy. Can the good times last?

1. Shop until you drop: The economy is booming because unemployment is low and people are spending more of their

Why the largest group of American corporate bonds is a notch above junk

BY HIS own account Christopher Hitchens, an author who died in 2011, was a poor student. He left Oxford with

Our cities house-price index suggests the property market is slowing

FROM Auckland to Amsterdam, Sydney to San Francisco, house prices in the best locations have gone through the roof. The

IKEA tackles high taxes to keep prices low for Indian shoppers

HYDERABAD (Reuters) – IKEA is looking to keep prices even lower in India than it typically does elsewhere when it

India doubles import tax on some textile products to 20 percent

NEW DELHI (Reuters) – India doubled the import tax on some textile products to 20 percent, the government said in