Sri Lanka: IMF Approves Bailout

Sri Lanka: IMF Approves Bailout

Sri Lanka’s perfect storm of economic disaster started with the Covid-19 pandemic and years of government nepotism, corruption, and economic mismanagement ultimately led to a $50 billion default on foreign loans.


Earth's Population Hits 8 Billion

Earth's Population Hits 8 Billion

While it took just 11 years for the latest billion people to be added to the Earth’s population, population growth is slowing down.


Hitachi Goes Global With Sale

The deal is part of Hitachi’s ongoing strategy to de-emphasize lines of business outside its core focus of information technology.


Airbnb Plans IPO During Pandemic

Airbnb Plans IPO During Pandemic

While Airbnb has done better than most of its competitors in the pandemic, it still faces a challenging road ahead. 





Newsmakers | Argentina
Argentine president Cristina Fernández de Kirchner in early October triggered the resignation of the head of the country’s central bank, Juan Carlos Fabrega, by criticizing him for not reducing manipulation of the country’s currency. His replacement, Alejandro Vanoli, formerly the head of the country’s securities regulator, CNV, doesn’t look likely to set Argentina on a better path.

Zimbabwe: Mugabe Woos Foreign Investors

Zimbabwe president Robert Mugabe is one of Africa’s last old-school dictators. But he’s proving that he may be able to change—for the better. In the decade ending in 2008, Zimbabwe’s economy shrank at an annual rate of 6.1%. Then, in 2009, the country adopted the US dollar. Since then, growth has averaged nearly 8% per year...


Russia: Arrest In 'Potash War'

EMERGING MARKETS ROUNDUP   By Kim Iskyan   Russian potash giant Uralkali in late July unexpectedly withdrew from an export delivery arrangement with Belarus Potash, the marketing agent for the Russian company and for Belaruskali, the Belarus national potash company. ...

Emerging Markets Roundup: Russia

PUTIN NIXES CALLS FOR POLITICAL REFORM   By Kim Iskyan   During his annual state-of-the-union address in mid-December, president Vladimir Putin focused on social spending priorities, including raising salaries for teachers, doctors and other professionals.   He also underscored the need ...