Multi-year drought dashes Argentina’s food-export hopes
A third year of drought in Argentina has drastically reduced wheat production, threatening the country’s ability to supply anemic global food...
Economy
FTX collapse undermines Bahamas’ regulatory credibility and diversification strategy
Cryptocurrency exchange FTX’s collapse has hit the Bahamas’ hopes for development and diversification after the country bet big on crypto for...
Deepening crisis forces Ghana to backtrack on promises and restructure foreign debt
Amid a fragmenting political environment, Ghana has reversed previous promises and proposed a 30% “haircut” on foreign debt. The restructuring announcement came...
US escalates sanctions on Ortega’s Nicaragua
The Biden Administration ratcheted up sanctions on Nicaragua as the country’s strong growth undergirds what the US calls the Ortega regime’s “authoritarian...
Investors balk as Petro takes aim at Colombian extractive industries
The government of Colombian President Gustavo Petro is moving forward with new taxes on oil and coal companies in the face of...
Interview: Shinta Kamdani, B20 Chair
Last week, Noah Berman caught up with Shinta Kamdani, the chair of B20 Indonesia, a summit that connects global business leaders...
Emerging Markets face record outflows amid global turbulence
Emerging markets have seen a record $70 billion in outflows as rising interest rates and a strong dollar ratchet up pressure on...
Bolsonaro’s surprise performance calms market concern of Lula’s return
Brazil’s right-wing incumbent President Jair Bolsonaro won 43% of the vote in last weekend’s general elections, surprising pollsters who had projected a...
OPEC+ cut forces US to consider negotiation over Venezuelan oil industry
Opec+ cut forces US to consider negotiation over Venezuelan oil industry. The Biden Administration is negotiating with Caracas to loosen sanctions on...
Global tightening cycle begins to lose steam across the developing world
As the concern around global tightening reached a pitch, Australia - traditionally a leading indicator for bond markets - supercharged...
IMF bailouts hit record as global economic outlook worsens
IMF crisis lending has hit a record high as developing economies face compounding crises of rising import bills, higher interest rates and...
Paraguay requests $1 billion in investment to remain Taiwan’s ally
As Paraguay faces increasing overtures from Beijing to switch its allegiance from Taiwan to China, the country’s president Mario Abdo Benítez...
