In an interview, Carmen Reinhart, the World Bank’s chief economist, discusses why she considers rapid economic recovery to be an illusion and how the right debt-spending policies can help in the fight against growing poverty.
The Spanish government imposed a tough coronavirus lockdown in the spring, but now, new infections are rising faster than anywhere else in the EU. The economy is facing potential collapse even as new lockdown measures go into effect.
The trial in Portugal against Rui Pinto is scheduled to begin next week. The man behind the Football Leaks revelations is now in a witness protection program after reaching a deal to cooperate with legal authorities.
In 2017, Chinese President Xi Jinping laid out a vision for the country to achieve a moderate prosperity by 2035. Per Xi’s plan, he sees China in the club of the rich and most technologically-advanced societies by 2050.
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Under the Trump administration, relations between the US and Iran quickly deteriorated and tensions reached new heights following the US’ exit from the 2015 Joint Comprehensive Plan of Action (JCPOA), imposition of a slew of designations and sanctions on Iranian officials and entities, and the killing of General Qasem Soleimani.