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  • Federal Reserve
A billboard in the middle of a public street shows the size of the US debt, December 30, Washington, D.C., 2024. AFP

Why US ‘white swan’ debt can't be wished away by cuts

With an average monthly fiscal deficit of $150bn, there are no good options for Donald Trump, who boasts of defaulting on debt in corporate life. Will he do the same with America's $36tn I-O-U pile?

Toufic Chanbour 29, Mar 2025
The decision to cut interest rates not by 0.25% but by 0.5% lets industry and money markets breathe a sigh of relief after two years of stress and turmoil. Eduardo Ramon

What do US interest rate cuts mean for the economy and election?

Donald Trump will not be happy but Kamala Harris could benefit from this week's decision along with borrowers, consumers, and investors

Khaled Kassar 19, Sep 2024
 Shutterstock

The gleaming of gold in global markets suggests volatility ahead

A safe haven in turbulent times, there are deeper reasons why gold still shines, including a possible role in finding a dollar alternative, but drawing lessons from the past is increasingly difficult.

Toufic Chanbour 29, May 2024
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. REUTERS/Evelyn Hockstein

Fed's Powell Says Inflation Battle Not Won, More Rate Hikes Coming

The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would…

14, Dec 2022
The Federal Reserve building is pictured on Tuesday August 6, 2019. (Getty)

The Twilight of America’s Financial Empire

When Iraqi lawmakers voted to expelU.S.forces from the country earlier this month, the Trump administration’s response was swift and forceful: it refused to withdraw and, for good measure, threatened…

Henry Farrell and Abraham Newman 31, Jan 2020
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Syrian President Ahmed al-Sharaa meets with US President Donald Trump and Saudi Crown Prince Mohammed Bin Salman in Riyadh, Saudi Arabia, in this handout released on May 14, 2025. Saudi Press Agency/Handout via REUTERS
Politics

With his Syria gamble, Trump opens a door

18 May 2025

Although he once deemed Syria unimportant, Trump now seems to realise how key it is to Arab states, whose cooperation he greatly values

Frederic C. Hof
Opinion

Will Trump's peace-through-prosperity blueprint for the region work?

15 May 2025

The US president sees commerce and economic cooperation as the best way to bring stability to a war-torn region. Time will tell if this blueprint will pay dividends.

Con Coughlin
A handout picture provided by the Saudi Royal Palace shows Saudi Crown Prince Mohammed bin Salman (R) welcoming US President Donald Trump (L) upon his arrival in Riyadh on May 13, 2025. BANDAR AL-JALOUD / Saudi Royal Palace / AFP
Politics

The strategic rationale for upgraded US-Saudi defence ties

17 May 2025

The drive for shared prosperity is dependent on security, which is why the Trump administration has made this the main focus of ties

Brian Katulis
People celebrate in Damascus' Omeyyad square after US President Donald Trump's decision to lift sanctions in Syria, on May 13, 2025. Abdulaziz KETAZ / AFP
Business & Economy

Syria's long road to economic recovery can finally begin

15 May 2025

Trump has lifted US sanctions, offering Syria a "chance at greatness". Despite lingering hurdles, for the first time in a long time, there is an electric sense of hope in the country.

Joseph Daher
Former Libyan foreign minister, Mohammed al-Dairi AFP
Politics

Mohammed al-Dairi: Libyan state-building killed by corruption and division

07 May 2025

Libya's former foreign minister, based in the country's east, says political decisions are no longer Libyan, as he recalls several missed opportunities since 2011.

Johaina Khaldieh

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OPINIONS

Trump wants “wins" that Netanyahu refuses to deliver

Michael Horowitz
Michael Horowitz

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Con Coughlin
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