Jan 26th 2019

Politics this week

Politics this week

Juan Guaidó (pictured), the head of Venezuela’s national assembly, proclaimed himself the country’s acting president at a large protest against the socialist regime in Caracas, the capital. Venezuela’s opposition says that President Nicolás Maduro is a usurper: he won a rigged election last year and has been sworn in to a second term. The United States …

Business this week

Business this week

The French finance minister said that Carlos Ghosn had resigned as chief executive and chairman of Renault, a day before the carmaker’s board was due to meet to discuss replacing him. The French government owns a stake in Renault and had pressed it to remove Mr Ghosn following alleged financial wrongdoing at Nissan, Renault’s global partner. Mr …

Slowbalisation The steam has gone out of globalisation

Slowbalisation The steam has gone out of globalisation

A new pattern of world commerce is becoming clearer—as are its costs WHEN AMERICA took a protectionist turn two years ago, it provoked dark warnings about the miseries of the 1930s. Today those ominous predictions look misplaced. Yes, China is slowing. And, yes, Western firms exposed to China, such as Apple, have been clobbered. But …

The global list Globalisation has faltered

The global list Globalisation has faltered

It is now being reshaped LARGE AND sustained increases in the cross-border flow of goods, money, ideas and people have been the most important factor in world affairs for the past three decades. They have reshaped relations between states both large and small, and have increasingly come to affect internal politics, too. From iPhones to France’s gilets …