News from Around the World

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Lighthizer and Freeland

Can Nafta Be Saved? These Two Negotiators Are Trying.


WASHINGTON — One is a Rhodes scholar, a globe-trotting former journalist and, perhaps one day, a Canadian prime minister. The other is a veteran Republican lawyer who toiled as a congressional staff aide, represented the steel industry and has been cutting trade deals in Washington since the Reagan administration.

Turkey unveils plan to fight currency crisis

Turkey unveils plan to fight currency crisis


Turkey’s finance minister tried to rebuild shattered market confidence in his government’s ability to manage the economy by promising to cut public spending by nearly $10bn in a sweeping austerity programme that would put the brakes on growth.

The announcement by Berat Albayrak, who was put in charge of the economy two months ago by his father-in-law, President Recep Tayyip Erdogan, comes just a week after a surprise decision by the central bank to sharply raise interest rates in the face of a mounting currency crisis.

Gender Equality SGDs

A new index shows how to measure gender equality in the SDGs


CANBERRA — In today’s development thinking, gender plays an key role — including in achieving the outcomes of the Sustainable Development Goals. But in progressing the SDG gender agenda, how do you create a solid set of data and monitor progress?

Theresa May

No-deal Brexit would hit UK economy, says IMF


The International Monetary Fund has warned that a "no-deal" Brexit on World Trade Organization terms would entail "substantial costs" for the UK economy.

The IMF said that all likely Brexit scenarios would "entail costs", but a disorderly departure could lead to "a significantly worse outcome".

ASEAN Hub

Asia-Pacific turns to innovative finance to stamp out malaria


HANOI, Vietnam — With grant funding for malaria drying up, global health advocates have come to this year’s World Economic Forum on ASEAN with a pitch for more innovative financing — including from institutions such as the Asian Development Bank.

Robert E. Lighthizer, the United States trade representative

Between Trump and Brussels, Trade Talks Face Myriad Challenges


BRUSSELS — When it comes to trade negotiations, there is Trump speed, and then there is Brussels speed. Reconciling the two will be more laborious and hazardous than expected, exposing the world’s biggest trade partnership to further turmoil in the months ahead.

A White House aide assists Donald Trump connect a phone call with Enrique Pena Nieto on Aug. 27. Photographer: Al Drago/Bloomberg

Trump Says He's Agreed on Mexico Trade Deal to Replace Nafta


President Donald Trump said the U.S. is pursuing a new trade accord with Mexico to replace the North American Free Trade Agreement and called on Canada to join the deal soon or risk being left out.

Jerome Powell, seen at the 2016 Jackson Hole economic symposium, headlines a long list of central bankers gathering in the Grand Tetons this week. PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS

As Central Bankers Meet, Economic Uncertainties Weigh on Sunny Outlook


Tariffs, emerging markets and U.S. discord are likely to be the focus of side conversations at the Fed’s annual mountain retreat

World Bank launches world-first blockchain bond


SYDNEY - The World Bank has priced the world’s first public bond created and managed using only blockchain in a A$100 million ($73.16 million) deal designed to test how the technology might improve decades-old bond sales practices.

Students of Laboratoria, a Peru-based nonprofit that trains young women from low-income backgrounds to become software developers in the tech sector. Photo by: Laboratoria

Silicon Valley's role in shifting the education sector from access to outcomes


SAN FRANCISCO — There has been a growing emphasis on the need to frame success in education around learning rather than attendance. But if you ask some entrepreneurs and investors in Silicon Valley, there is still too much emphasis on butts in seats, and not enough attention paid to whether kids are learning.