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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
  • Popular
  • Editor's Pick
Nash
Politics

Iran’s waning influence

27 June 2025

Our July issue features in-depth articles and expert analyses exploring the future of Iran's influence and the long-term reverberations for the region

Al Majalla - London
Lina Jaradat
Culture & Social Affairs

Gaza’s ‘death trap’ aid distribution centres: a real-life Hunger Games

02 July 2025

Israel's commandeering of aid distribution in Gaza forces starving Palestinians to run the gauntlet at centres with biometric monitoring systems, armed security, and life-or-death hazards

Hala Al-Naji
People gather to celebrate after Lebanese parliament elects army chief Joseph Aoun as the new president, on January 9, 2025, in Al-Aaishiyah, Lebanon. Ramiz Dallah/Getty
Politics

Lebanon’s second chance at statehood

02 July 2025

The crippling of Hezbollah's dominance and the Assad regime's fall in Syria has opens a narrow but historic opening for the Lebanese people

Paul Salem
Lina Jaradat
Business & Economy

Oman is quietly redefining its development model

29 June 2025

It is no longer the Gulf's quiet outlier but a country quietly setting a new standard for sustainable economic development in the region

Neil Quilliam
Politics

Rabbi behind the Abraham Accords: Trump key to Israel-Syria peace

30 June 2025

American Rabbi Abraham Cooper has just met Syrian President Ahmed al-Sharaa in Damascus, weeks after meeting Syria's foreign minister in New York. Al Majalla went to ask his thoughts.

Ibrahim Hamidi

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OPINIONS

Will Netanyahu return Trump's favour and agree to Gaza truce?

Con Coughlin
Con Coughlin

Hezbollah arms are not the only thing holding Lebanon back

Houssam Itani
Houssam Itani

Gaza’s ‘death trap’ aid distribution centres: a real-life Hunger Games

Hala Al-Naji
Hala Al-Naji

Lebanon’s second chance at statehood

Paul Salem
Paul Salem
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