Omar Hassan

Back-of-the-envelope calculations by Citigroup, a bank, suggest tariffs that high could cut 2.4 percentage points off China’s growth rate, if the government did nothing to cushion the blow.

He is walking through “a golden age of migration”, he says. Almost everywhere, he has seen people on the move. He stumbled over the bones of migrants in the desert on the Ethiopia-Djibouti border; met Syrian refugees picking tomatoes in Jordan; noted the numbers of Punjabis who have left their villages. Today, he points out, one in seven people... See more

In Sweden investment savings accounts (which are easy to use and lightly taxed) have produced a booming retail-investing scene. As a result, the country has become a hotspot for initial public offerings. In the past decade it enjoyed more listings than France, Germany, Spain and the Netherlands combined.

Deindustrial economies are not more efficient. They are merely importing other people’s efficiency and exporting their own purchasing power.