Global debt hits all-time high of $184,000,000,000,000

The world’s debt currently exceeds $ 86,000 per person on average, according to the International Monetary Fund (IMF). The US, China, and Japan are the top three global borrowers, accounting for more than half of the global debt. The IMF has calculated that their share of debt exceeds that of output. It stated that the […]

These were the biggest developments in the global fintech ecosystem over the last 12 months

This is a preview of a research report from Business Insider Intelligence,  Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Business Insider Intelligence In recent years, we’ve seen a ballooning of activity in fintech — an expansive term applied to technology-driven disruptions in financial services. And 2018 has been […]

China is furious and global markets are in an uproar as the daughter of one of the country’s richest men languishes in a Canadian jail

Jeff Vinnick/Getty Images China is furious, the markets are beside themselves, and after a pretty ordinary performance by her lawyers on the second day of a bail hearing, the daughter of one of China’s richest men is waiting in a Canadian jail for what might be a long time. Here’s the latest in the arrest […]

Wrong way: 2018 global CO₂ emissions tick up again

Enlarge (credit: Le Quéré et al./ESSD) For a young student, report-card season can be an exciting, stressful, or even depressing time of year. The annual tally of the world’s climate-changing greenhouse gas emissions is a little like that—but with a lot more on the line than a B in language arts. And unfortunately, 2018’s tally […]

Yuan the Conqueror: Chinese currency poised to become global heavyweight, economists say

The global importance of the Chinese yuan seems destined to rise, according to strategists and economists who say flows in the currency will grow over the long term if Beijing continues to gradually open its financial system. The yuan will become more globally important as China further allows foreign capital into the country through selective […]

Scientists have new plan to fight global warming: dimming the sun

Scientists have come up with a new and ingenious way of fighting global warming: use chemicals to blot out the sun. Whether we’ll then have to fight (and do everything else) in the shade, the research doesn’t quite spell out. Since the world can’t seen to agree on reducing CO2 emissions, why not tackle the […]

China's ‘One Belt, One Road’ global investment plan mapped out

This year marks the fifth anniversary of the Belt and Road initiative, proposed by Chinese authorities in the autumn of 2013. The ambitious project is aimed at creating infrastructure networks linking Europe, Asia and Africa. So far, the challenging project has attracted around 100 countries across three continents. The new infrastructure project links Asia, Europe, […]

This Unlikely Tech Queen Wants to Build a New Global Hub in Kyrgyzstan

The blinds are pulled in all the windows of the fifth-floor office. Computer screens and cracks of daylight cast a gray-blue glow, complementing the dark grays and dark purples of mismatched furniture, seemingly thrown together yet too cool to be accidental. The only accents of color are lime greens and bright pinks that dance across […]