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The Latest Breaking News from Bretton Woods

Donald Trump’s war on global governance: lessons from the past on how to fight back

US president Donald Trump’s recent actions seem designed to reassert American power and demonstrate that it is still the dominant global power and is capable of bullying weaker nations into following America’s lead.

The Conversation

Unversed in UNGA? Stumped by SDGs? Here's a handy glossary of UN General Assembly meeting lingo

The U.N. General Assembly’s yearly meeting of world leaders is here

The Independent UK

UN chief says it's time to reform Security Council, Bretton Woods

U.N. Secretary-General Antonio Guterres said on Sunday that it was time to reform both the Security Council and Bretton Woods to align with the "realities of today's world".

Reuters

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Sharing power with the next generations

A new idea of ‘inter-generational justice’ is gaining traction as a better way of producing a more equitable global order

The Hindu

Can we still unite to do big things?

When US Secretary of the Treasury Henry Morgenthau opened the Bretton Woods Conference almost 80 years ago, he reminded delegates that failures of international cooperation had led to the Great Depression, social division and ultimately war. "Prosperity, like peace, is indivisible," he concluded, "we cannot afford to have it scattered…

Bangkok Post

Kibaki's capitalist outlook on education in Kenya brought mixed results

Emilio Mwai Kibaki, retired third president of independent Kenya who has died , had a rich and multifaceted legacy as a long serving public official.

The Conversation

Yellen challenges China in ‘moment for choosing’ on world order

WASHINGTON — Treasury Secretary Janet Yellen has sketched out her vision for a new era of economic cooperation among nations that share key values and principles, in a sweeping speech that laid down a stern challenge to China.

Tribune News Service

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Why Russia has put the rouble on a gold standard – but it's unlikely to last

The Bank of Russia, the country’s central bank, has surprisingly announced a fixed price for buying gold with roubles. With a price of RUB5,000 (£45.12) for a gram of gold, to my knowledge it’s the first time that a nation’s currency has been expressed in “gold parity” since Switzerland decided…

The Conversation

Kremlin Warns West: Rouble-for-Gas Scheme Is the 'Prototype'

President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the US dollar by freezing Russian assets, the Kremlin said. Russia's economy is facing the gravest crisis since the…

Asharq Al-Awsat

How did Japan become so cheap?

Every month, the Bank for International Settlements calculates and publishes the real and nominal effective exchange rates for major currencies. The most recent data, released in mid-February, contained a shock for Japan. They show that the yen's real effective exchange rate (Reer, representing roughly the purchasing power of the currency)…

Bangkok Post

We can afford to reverse poverty and climate breakdown. What we can’t afford is the alternative

Our global finance system is failing to rise to the challenges we face. It’s time it was reimagined – and grounded in our shared humanity

People

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