UK Aims to Cut Billions in Welfare Amid Budget Crunch
Changing disability allowances is a particularly contentious move within Prime Minister Keir Starmer’s center-left Labour Party.
Germany Is Lifting a Foot Off Its ‘Debt Brake.’ Here’s Why.
An incoming government wants to borrow much more to revamp the economy and rebuild the military. That means a change in the country’s Constitution — and its culture.
What Slowdown? Xi Says China Must Win the Global Tech Race.
Xi Jinping wants China to surpass rivals as a tech superpower, undeterred by economic woes or trade wars. Critics ask if this focus neglects struggling citizens.
Echoing a Roman Emperor, Croatia Tries to Cap Soaring Prices
Diocletian, who once ruled territory that now includes Croatia, tried and failed to rein in inflation by dictating prices. Today’s government hopes its own such plan will succeed.
China Says It Will ‘Resolutely Counter’ U.S. Tariff Pressure
China’s top foreign affairs official, Wang Yi, cast his country as a force for peace and order even as Beijing provokes its neighbors and fuels trade tensions.
China Signals Confidence in Economy Despite Sluggish Growth and U.S. Trade War
As Chinese leaders meet in Beijing, they are striking a confident posture despite serious challenges to the economy and growing pressure from the United States.
As Ramadan Nears, Syrians Feel the Pinch of a Cash Shortage
The Assad dictatorship is out, but Syria’s economy is in chaos after a civil war and recent policy shifts. The situation is putting a damper on a typically festive season.
German Central Bank Loss Points to More Economic Woes for Germany
The central bank’s president said it was “not possible to rule out” a third year of no economic growth.
Emboldened Kremlin Steps Up Efforts to Seize Businesses in Russia
The legal onslaught on Moscow’s second-largest airport has been seen as part of the Kremlin’s wartime drive to seize control of key assets still in private hands.
The Man Who Broke Germany’s Government Wants a Chance to Fix It
Christian Lindner triggered early elections last fall with a move meant to save his party. It brought chaos at an inopportune time. But will it work out?