Review: ‘The Billionaire Raj’ Offers Reasons for Optimism in India’s Gilded Age

Review: ‘The Billionaire Raj’ Offers Reasons for Optimism in India’s Gilded Age

Get the DealBook newsletter to make sense of main enterprise and coverage headlines — and the power-brokers who form them.__________ For near a century main as much as its independence in 1947, India operated beneath a system of British governance often called the Raj, taken from a Sanskrit phrase that means “kingdom” or “rule.” Then, […]

China Strikes Back at Trump’s Tariffs, but Its Shoppers Worry

China Strikes Back at Trump’s Tariffs, however Its Shoppers Worry

“Global soybean supply and demand is tightly balanced right now,” mentioned Gong Yanhai, a senior analyst in Shanghai with Huatai Asset Management. Taxing American soy, Mr. Gong mentioned, additionally meant that China pays extra to purchase beans from its largest provider, Brazil, the place premiums per bushel have already risen in anticipation of the tariffs. […]

Leftist Wins Mexico Presidency in Landslide With Mandate to Reshape Nation

Leftist Wins Mexico Presidency in Landslide With Mandate to Reshape Nation

MEXICO CITY — Riding a wave of populist anger fueled by rampant corruption and violence, the leftist Andrés Manuel López Obrador was elected president of Mexico on Sunday, in a landslide victory that upended the nation’s political institution and handed him a sweeping mandate to reshape the nation. Mr. López Obrador’s win places a leftist […]

China Taps the Brakes on Its Global Push for Influence

China Taps the Brakes on Its Global Push for Influence

SHANGHAI — China has spent practically 5 years steering an ever-growing stream of tons of of billions of to a daring plan to realize higher world affect by funding large initiatives throughout Asia, Eastern Europe and Africa. Now, Beijing is beginning to faucet the brakes. The worth of the offers that Chinese corporations are putting […]

Going for Broke, the Middle Class Goes Broke

Going for Broke, the Middle Class Goes Broke

It’s as if the apocalyptic pondering that Ehrenreich recognized in her 1989 guide, “Fear of Falling: The Inner Life of the Middle Class,” has lastly gained a purchase order on actuality. The individuals Ehrenreich depicted had been anxious and self-absorbed, scared of downward mobility; those in Quart’s guide are anxious too, however now that they […]

As Mexico Election Nears, Call for Change Finds Wider Audience

As Mexico Election Nears, Call for Change Finds Wider Audience

AGUASCALIENTES, Mexico — If there’s a case to be made for preserving Mexico’s establishment, the residents of Aguascalientes would appear to be those to make it. A brand new Nissan plant is hiring for the evening shift, and trains loaded with mechanical components clatter north to the Texas border and past. Factory jobs abound, the […]

Iran Is Changing, but Not in Ways Trump Thinks

Iran Is Changing, however Not in Ways Trump Thinks

Far away from the battle zones within the Middle East, within the small alleyways of Tehran’s bazaars and the posh automotive dealerships within the prosperous northern components of the town, Mr. Trump’s withdrawal from the nuclear settlement has undoubtedly added to financial woes, that are contributing to political tensions. On Monday, protesters gathered outdoors the […]

Erdogan Has Won the Sweeping Powers He Says He Needed in Turkey. Now What?

Erdogan Has Won the Sweeping Powers He Says He Needed in Turkey. Now What?

“The economy is suffering, there is an issue of performance in some areas, but those were not reflected in the vote,” he added. Economists say Mr. Erdogan wants to chop public spending, together with costly subsidies for gasoline and electrical energy. Turkey borrowed closely in recent times on worldwide markets, and now faces a invoice […]

China Moves to Shore Up Economy as Slowdown and Trade Fight Loom

China Moves to Shore Up Economy as Slowdown and Trade Fight Loom

SHANGHAI — China gave its financial system a shot within the arm on Sunday amid signs of a slowdown, because it freed up greater than $100 billion for banks to make use of to assist small companies and closely indebted firms. The cash is meant to assist Beijing dance a sophisticated two-step. China is making […]

Saudis, Saying They Heard Price Complaints, Are Raising Oil Production

Saudis, Saying They Heard Price Complaints, Are Raising Oil Production

VIENNA — Saudi Arabia stated on Saturday that it was considerably rising oil manufacturing in an effort to chill down rising costs and head off potential future shortages. Khalid al-Falih, the Saudi vitality minister, instructed journalists on the headquarters of the Organization of the Petroleum Exporting Countries right here that Saudi Aramco, the nationwide oil […]