In The News

Central banks can add to the money supply by lowering interest rates for major financial institutions and purchasing bonds, thus increasing credit and liquidity – and this is what major central banks in the West have set out to do until economic growth and jobs return. The practice amounts to “printing money.” For example, the US vows to insert $40 billion each month into the economy to purchase...

Recovery from natural disasters is costly, and climate change, combined with ongoing reliance on fossil fuels, promises more crises and expenditures. Extreme weather events are disrupting the global supply chain with consequences for corporations. Flooding in Thailand is just one example: The country “quietly emerged as a key player in the production and distribution of automobile and consumer...

To avoid a day of reckoning, governments should heed, not mock, the complaints emerging from movements that have gained rapid global momentum, contends Nayan Chanda in his regular column for Businessworld. In 2003, protests in 60 nations opposed the impending US invasion of Iraq. The protests did not prevent the costly war, but exposed the war’s flawed rationales. This year, protesters in more...