Global Economy

The anti-globalization fight is now the Right's to lose.

"We want to make sure that we lead in technology, not China," Democratic Congressman Ro Khanna of California told Newsweek.

One economic expert told Newsweek a 10 to 15 percent increase in the cost of baked goods is expected.

"If everybody [in the WTO] did it, and particularly if Europe did it, it would be a big deal," William Reinsch of CSIS told Newsweek.

"You can't run a modern economy without chips, and, of course, no modern economy would greatly damage national security," said one expert.

While the distance of flights would vary, with an average flight length of three hours, Davos would see almost 34.6 million pounds burned during the event.

The rise of digital currencies could eventually allow China to largely do away with the dollar, giving it further autonomy from U.S. influence.

The delay comes as Evergrande nears the end of the 30-day grace period on a missed bond payment from September.

The Senate is scheduled to vote Wednesday on whether to take up a bill to suspend the debt limit.

While Evergrande has not commented about the payments, foreign bondholders have announced that payments have not been received.

BlackRock acquired 31.3 million notes of Evergrande's debt between January and August of this year.

Questions remain over whether Evergrande was able to afford an $83 million debt payment due this Thursday. With 30 days remaining before the firm would default on such a payment, Beijing appears to be looking to prevent major fallout should a collapse occur.

"If any of these risks do materialize, we would be most concerned about the demand spillovers from a big decline in Chinese construction activity," Capital Economics writes.

"We do not expect the government to provide any direct support to Evergrande," credit analysts from S&P Global Ratings wrote in a report.

China's second-largest property developer saw its stock open to a 10-year low of 33 cents Tuesday.

Investigations are underway to determine exactly how the massive ship became stuck in the canal, blocking at least 369 ships, and resulting in billions of dollars in economic losses.

President Donald Trump regularly polls strongly on the economy, one of the few advantages he has over his rival, Democratic nominee Joe Biden.

China's economy grew 4.9 percent between July and September compared to the same quarter last year, a little slower than expected but signaling a strong recovery.

"The reality is that global economic growth is closely linked to trade, and raising tariffs will inevitably reduce the volume of trade and drive down business confidence," the article argued.

More than 1,500 billionaires now control $6 trillion, more than at any period since America's Gilded Age at the end of the 19th century.

Technological change has had a far greater impact on U.S. jobs than any trade deal.

The British prime minister doesn't yet have the answers to the big questions raised by Brexit.

African countries have taken advantage of new trade opportunities—Brexit may provide another.

While currency fluctuations are not abnormal, the high degree of volatility now is.

The Financial Secrecy Index has named the most secretive states across the world.

Fears of a China-led global slowdown, along with oil's steep slide, have dampened the market's expectations for a hike.

This is the second time this week that shares have fallen, amid growing investor concern for China.

A small hike in U.S. interest rates is almost inevitable on Wednesday. The big question is: What happens next?

Chinese growth is at a 25-year low.

As its stocks slump, Beijing plans to ease restrictions on overseas investments. Can the global economy withstand the flood?