On this week’s episode, hosts Soumaya Keynes, Mike Bird, and Alice Fulwood continue their exploration of the impact of the strong dollar. Is a wave of historic debt defaults coming for emerging markets? And finally, they ask what this could mean politically for the Chinese government.įrom Sri Lanka to Pakistan, El Salvador to Ghana, Egypt to Tunisia, some emerging economies are feeling the pain of rising commodity prices, higher interest rates and a strong dollar. The call got him banned from trading on Hong Kong’s stock exchange. Then, investor Andrew Left re-evaluates his report from 2012 in which he said the now-bankrupt Evergrande - once China’s second-largest property developer - was a fraud. First, University of California San Diego associate professor Victor Shih explains why the roots of this crisis go as far back as the early 1990s. On this week’s episode, hosts Mike Bird, Soumaya Keynes and Alice Fulwood are joined by our China economics editor, Simon Cox, and our China business and finance editor, Don Weinland, to find what’s causing the crisis. They add more trouble to a property market that was already in turmoil and portend future pain in the world’s second largest economy. Mortgage boycotts that began in Jiangxi, China have spread to nearly 100 cities across the country, threatening over 320 real estate projects. ![]() Finally, deputy chief economist at the Institute for International Finance Elina Ribakova outlines what further measures the West could take. Then Nicholas Mulder, assistant professor of history at Cornell University, explains how long it has taken for sanctions to have an impact in the past. On this week’s episode, hosts Soumaya Keynes, Mike Bird and Alice Fulwood are joined by senior economics writer Callum Williams to investigate why Russia’s economy is doing better than expected. Six months on, a furious debate has erupted about the true state of Russia’s economy, which has so far defied the gloomiest predictions. Visit /privacy for more information.Īt the outset of Russia’s invasion of Ukraine, the West united to impose unprecedented sanctions on Vladimir Putin’s regime. Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at For full access to print, digital and audio editions, subscribe to The Economist at Our GDPR privacy policy was updated on August 8, 2022. Finally, Ford’s vice-president of sustainability Bob Holycross explains why the carmaker sees the switch to EVs as a refounding of the company. Then, Peter Carlsson, the chief executive of European battery manufacturer Northvolt, outlines the challenges his firm faced in building a gigafactory in Sweden. They’re joined by our industry editor Simon Wright who lays out the challenges battery manufacturers face in getting raw materials. ![]() On this week’s episode, hosts Alice Fulwood, Soumaya Keynes and Mike Bird look at whether the EV boom could go bust before it gets going. ![]() But government efforts to encourage consumers to switch to buying electric cars could run into the reality that there isn’t yet enough capacity to manufacture the batteries necessary to power all those cars. Japan and others are also aiming for a ban by 2035. The European Parliament voted in June for a ban on sales of petrol and diesel cars by 2035. But America is a laggard when it comes to the EV revolution. It could prompt a third of American states to embrace electric vehicles more quickly. This month, California banned the sale of petrol cars by 2035.
0 Comments
Leave a Reply. |