NEW DELHI — Once again, emerging markets are on the capital-flows roller coaster — one no less dizzying for being so familiar. And once again, the highs and lows of financial-market swings in these economies are mostly generated by external forces, not national policies.

NEW DELHI — The Biden administration’s decision to stop opposing a proposed COVID-19 waiver of certain intellectual-property rights under World Trade Organisation(WTO) rules is a welcome move.

NEW DELHI — One of the most significant socioeconomic changes accelerated by COVID-19 must surely be the rise of digital labour platforms. Of course, platform-based employment had already been growing exponentially before the pandemic.

NEW DELHI — On March 10, the credit-rating agency Moody’s placed Ethiopia on review for a downgrade. The problem is not violence and repression in Ethiopia’s embattled Tigray region.

NEW DELHI  —  The European Union has changed its economic policy for the better by agreeing on a 1.8 trillion euros post-pandemic stimulus plan to be financed directly through the EU budget.

NEW DELHI  —  On January 6, when a mob of US President Donald Trump’s supporters breached the Capitol with shocking ease, the world’s already-low expectations of the United States plummeted.

NEW DELHI — The American pharmaceutical company Pfizer and Germany’s BioNTech have announced that the COVID-19 vaccine they are jointly developing was more than 90 per cent effective in early clinical trials.

NEW DELHI — The Norwegian Nobel Committee has awarded this year’s Nobel Peace Prize to the United Nations World Food Programme, declaring that it wanted “to turn the eyes of the world towards the millions of people who suffer from or face the threat of hunger”.

NEW DELHI — The World Bank’s Doing Business index has been both conceptually and operationally suspect since its inception in 2003, but mainstream economists have only recently started to criticise it.