Coronavirus winners and losers

Herewith a preliminary assessment of losers and winners from the global pandemic. The list is subject to change without notice. Losers The United States may turn out to be the biggest loser of all. Washington’s …

A Covid-19 debt shock in Asia?

Even before the outbreak of Covid-19, the level of global debt was high by historic standards. According to the Institute of International Finance, by late 2019 global debt (including private and public debt) was more …

The slow death of Hong Kong

As China’s communist leaders prepare to impose a draconian new national security law on supposedly autonomous Hong Kong, officials in Beijing and locally are trying to assure the city’s anxious and angry residents that nothing …