Volkswagen’s restructuring is moving into a more difficult phase because the company must now translate a broad turnaround strategy into decisions about factories, workers, markets and products. The central problem is not simply the size of its workforce. It is… Read More ›
The International Monetary Fund is moving toward a more selective approach to the reforms attached to its lending programmes, reflecting a basic problem exposed by the shocks of recent years: countries receiving financial assistance cannot always implement long lists of… Read More ›
Iran has put a precise seven-day timetable at the heart of its latest diplomatic proposal to the United States, offering to reopen the Strait of Hormuz and restart comprehensive nuclear negotiations if Washington accepts its conditions. The importance of the… Read More ›
The most important warning from a sharp rise in US Treasury yields is not necessarily that borrowing costs have reached an unusually high level. It is that markets, companies and financial institutions can struggle when rates move upward faster than… Read More ›
