Headlines

CAF okays US$980mn package for Uruguay

The Board of Directors of the Development Bank of Latin America and the Caribbean (CAF) has authorized a landmark US$980 million credit operation for Uruguay. This approval represents one of the largest single financial commitments in the organization's history with the

Canada’s time to ditch US and go with China

US President Donald Trump has mused about destroying Canada’s economy as a prelude to annexing the country and making it America’s “51st state.” Trump threatened to increase tariffs on Canadian products after seeing an anti-tariff TV advertisement sponsored by the government of

Iraq negotiates new coalition under US pressure

More than a month after Iraq's parliamentary elections, the country's top leaders remain locked in talks to form a government while facing pressure from Washington to exclude Tehran-backed armed groups. Amid seismic changes in the Middle East, where new alliances are forming

Bottomless

Some pits are infinitely deep. Problems that, once addressed, always get worse. N +1. For some folks, the acquisition of money or power are like this. A little needs to a desire for more. Other problems have known solutions. The tank only holds 8 gallons and then you can move

Why the US dollar is so sticky

Harvard historian Mary Bridges, the author of Dollars and Dominion, explains why the world is likely to stay dollar-centric even as China, Russia, India and many countries try to toggle away from the greenback and into rival currencies like the yuan or the euro.