As the dollar reaches historic highs against currencies in both emerging and developed markets, the chances of battling inflation rates shrink outside the United States. The Euro, the British pound, and the Japanese yen have depreciated at unprecedented this year. Steve Hanke, a professor of Applied Economics at the Johns Hopkins University, in Baltimore, ex ... Show More
Today
Trump plans to hit Brazil with 50% tariffs
The US president, Donald Trump, has made public the tariffs he intends to slap on imports from another group of countries, including Brazil, from the start of August. The chipmaker Nvidia has become the first company in the world to reach a market value of $4tn on Wednesday. Davi ... Show More
48m 41s
Sep 2022
What a strong dollar means for the rest of the world
The US dollar, a long-time safe haven for investors, is reaching historic highs against emerging markets’ currencies but also against big players like the Euro and the British pound. What impact is this having around the globe? We ask Steve Hanke, a professor of Applied Economics ... Show More
26m 44s
Sep 2022
A historic week for the global economy
On World Business Report, we look back at a turbulent seven days for central banks, markets and businesses. It's been a week in which the Federal Reserve raised interest rates again, prompting other central banks to follow; but the move has had negative effects on other major cur ... Show More
27m 48s