The past year will be remembered as a period of revolt against what US President Donald Trump likes to call “globalism”.Populist movements have targeted “experts” and “elites” who are now asking themselves what they could have done differently to manage the forces of globalisatio

Throughout the industrialised world, governments are rushing to hand out money to the elderly.Germany’s government has not only reversed an increase in the retirement age intended to make pensions more affordable; it has recently announced a 5 per cent increase in benefits, the l

Democracy everywhere is facing serious challenges.The United States is gripped by the most bizarre presidential primary campaign in living memory, with populist outsiders threatening to topple established party machines.Brazil is paralysed by constitutional crisis.Europeans trace

The British government’s recent announcement that a referendum on Britain’s European Union membership will be held on June 23 was quickly followed by a sharp drop in the pound’s value.Exchange rate volatility for the pound is bound to continue until the referendum, and to intensi

The price of oil is often regarded as a sort of thermometer to measure the health of the world economy.

The upcoming referendum on the United Kingdom’s continued membership in the European Union, almost certain to be held this year, could turn out to be yet another major catastrophe to hit Europe.If, as seems increasingly plausible, British voters chose to leave, the result would b

If there is a bright side to the turmoil that has roiled the global economy since 2008, it is that not every part of the world has erupted simultaneously. The first blow was the subprime mortgage crisis in the United States, to which Europeans responded with self-satisfied r

So far, the Volkswagen scandal has played out according to a well-worn script.

The largest unresolved issue in the European Union is mobility.The integration process was intended to make it easier and more attractive for Europeans to move from one country to another.