Natural gas prices are spiking around the world
Sep 21st 2021ACROSS THE world, a natural-gas shortage is starting to bite. Prices of power in Germany and France have soared by around 40% in the past two weeks. In many countries, including Britain and Spain, governments are rushing through emergency measures to protect consumers. Factories are being temporarily switched off, from aluminium smelters in…
What are the systemic risks of an Evergrande collapse?
CHINA’S FINANCIAL authorities are honing a new skill: the “marketised default”—or an orderly market exit and well-managed restructuring for troubled companies. The term has surfaced in government documents and local media as of late as regulators become adept at managing larger, more frequent and highly complex defaults. They have had some successes. Evergrande, a massive…