Ukraine’s prime minister Arseniy Yatsenyuk attends a European leaders’ emergency summit on Ukraine, in Brussels last week. US president Barack Obama is today hosting Mr Yatsenyuk  at the White House. Photograph: Yves Herman/Reuters

In a diplomatic dig at Russia, US president Barack Obama is hosting the new Ukrainian prime minister at the White House, a high-profile gesture(...)

Assurant Solutions, which came to Cork in 1999, handles insurance claims for mobile phones. Photograph: Dara MacDonaill/The Irish Times

A US headquartered company handling insurance claims for mobile phones has confirmed that it is to close its operation in Cork with the loss of 170(...)

People are lined up outside Galicia bank to buy dollars in Buenos Aire

In 2011, at the height of the euro crisis, Argentina’s president Cristina Kirchner liked to boast that her government’s unorthodox economic model was (...)

Perhaps the biggest question of all concerns what is going to happen to China. Since 2008 its growth has become increasingly dependent on soaring credit. This cannot be sustainable. Photograph: Alex Lee/Reuters

The consensus view of the world economy has become more optimistic, for good reason. The high-income economies seem at last to be taking off; this is (...)

Emerging market jitters
  • World
  • January 28, 2014, 19:18

America’s central bank, the Federal Reserve, has begun to tighten monetary policy, by tapering – reducing its monthly purchases of financial assets. T(...)

A South Koren dealer works in front of monitors at the Exchange Bank in Seoul, South Korea. Photograph. Jeon Heon-Kyun/EPA

Emerging market equities posted their largest drop in almost seven months today to lead a global stocks sell-off. Concerns about China’s economic slow(...)

A shopping mall in Brasilia. Brazil devalued its currency last year. Photographer: Gregg Newton/Bloomberg

Unilever said yesterday it would stick to its emerging markets growth strategy as a fourth-quarter recovery in sales boosted the consumer goods maker’(...)

Pope Francis baptises one of 32 babies during a mass in the Sistine Chapel at the Vatican today. The pope today elevated to the rank of cardinal 19 prelates from 12 different nations including ten from outside Europe. Photograph: Osservatore Romano/Handout via Reuters

Pope Francis continued with his non-European “imprint” on the Catholic Church when he named his first batch of cardinals today, with ten of the 16 (...)

Valerie Scott (left), one of three current and former sex workers who initiated a challenge to Canada’s prostitution laws, has her picture taken with a copy of the ruling at the Supreme Court of Canada in Ottawa today. Photograph:  Chris Wattie/Reuters

Canada’s supreme court struck down major restrictions on prostitution today, including bans on brothels and street solicitation, declaring the laws un(...)

Chilean president-elected Michelle Bachelet (L) meeting with candidate of La Alianza, Evelyn Matthei (R) in Santiago, Chile yesterday. Photograph: EPA.

Chile’s once and future leader Michelle Bachelet has easily won the presidential run-off, returning centre-left parties to power by promising profound(...)

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