Topic | Global economy | The Age

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Global economy

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The billionaire Wall Street is trusting to keep Trump on a tight leash

The billionaire Wall Street is trusting to keep Trump on a tight leash

Wall Street has cheered the appointment of Scott Bessent, backing him to rein in Trump’s craziest ideas. That’s a big ask.

  • by Stephen Bartholomeusz

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How Donald Trump will change how the world works

How Donald Trump will change how the world works

The lens through which Trump sees the world is narrow and focused tightly on whether a relationship directly benefits America. That sets up difficult choices for everyone.

  • by Stephen Bartholomeusz
Rampant US dollar sends a threatening message to the rest of the world
Opinion
Currencies

Rampant US dollar sends a threatening message to the rest of the world

The greenback has surged against currencies of America’s major trading partners since the election, sounding a warning for the global economy.

  • by Stephen Bartholomeusz
The Wall Street billionaire putting his hand up to run Trump’s economy

The Wall Street billionaire putting his hand up to run Trump’s economy

The text to Elon Musk: a picture of giant scissors. Musk’s text back: a picture of a sword.

  • by Todd Gillespie
‘Two tears in a bucket’: Why voters flocked to Trump, and why some might regret it

‘Two tears in a bucket’: Why voters flocked to Trump, and why some might regret it

Working-class Americans have voted with a mixture of fatalist resignation and up-yours defiance for an economic remedy likely to leave them worse off.

  • by Chip Le Grand
‘Not permitted under the law’: Powell shuts down Trump questions as Fed cuts rates

‘Not permitted under the law’: Powell shuts down Trump questions as Fed cuts rates

The Federal Reserve cut interest rates by a quarter of a percentage point while chair Jerome Powell addressed concerns about his future when Donald Trump returns to the White House.

  • by Christopher Rugaber
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Knife’s edge: How the US election result will change the world

Knife’s edge: How the US election result will change the world

Donald Trump and Kamala Harris have two radically different sets of policies that will have great consequence not just for Americans, but for the rest of the world.

  • by Stephen Bartholomeusz
Global bloodshed biggest threat to economic recovery: Chalmers

Global bloodshed biggest threat to economic recovery: Chalmers

Treasurer Jim Chalmers has used an address to the International Monetary Fund to warn growing military conflicts pose a risk to the global economy.

  • by Shane Wright
The Trump shadow hovers as the global economy breaks apart
Opinion
IMF

The Trump shadow hovers as the global economy breaks apart

In the US and Russia this week, two meetings are being held at a critical moment for the global economy. In the background is Donald Trump.

  • by Stephen Bartholomeusz
China’s big fiscal stimulus package is coming

China’s big fiscal stimulus package is coming

The value of the country’s exports grew by 2.4 per cent last month, way short of the 8.7 per cent growth experienced in August.

  • by Stephen Bartholomeusz
Xi’s robocops and driverless cars leaving young people behind
Analysis
Inside China

Xi’s robocops and driverless cars leaving young people behind

Xi Jinping’s modernisation agenda aims to transform China into a high-tech superpower. At a job fair in central Beijing, the future isn’t so promising.

  • by Lisa Visentin