Larry Summers and Lant Pritchett have written a paper predicting a Chinese growth slowdown. In 2013, Barry Eichengreen, Donghyun Park, and Kwanho Shin wrote a paper with much the same message, which accurately predicted the recent Chinese slowdown from about 10% annual growth to about 7.5%.

Millions of young people have had their futures stolen by the foolishness of our political and business leaders. At a critical time for our planet, it’s time our youth let their voices be heard, writes David Puttnam.

It is official, then. Janet Yellen is to become the first female ‘chairman’ of the US central bank next February and as such, she will be in a position to affect all our lives.

Wall Street was happy to see Larry Summers go.

Global markets took cheer after a key player pulled out of the race to head America's central bank, lifting hopes that the US will keep the printing presses rolling.

The man who many thought was favourite to succeed Ben Bernanke as the US Federal Reserve chairman has quit the race.

A company which “adds intelligence to everyday things”, allowing users of its product to control daily activities via their smartphones, has won this year’s Electric Ireland Spark of Genius award.

American Jim Yong Kim has been chosen to be the next president of the World Bank.

The perception is that the foreign operations of US multinationals are at the expense of the US economy but the facts say otherwise, writes Laura Tyson

A new legal agreement committing the world to curb greenhouse gas emissions is unlikely to be completed before the end of 2011, two years later than originally envisaged, the United Nations' climate chief said.

Chrysler LLC cleared another major obstacle to its survival when it reached a tentative deal on concessions with the United Auto Workers union, helping it move closer to inking a vital alliance with Italy’s Fiat Group SpA.

The US economy is showing “glimmers of hope” despite continuing stresses, President Barack Obama said today as he signalled more steps to improve the business climate.

PRESIDENT-ELECT Barack Obama has denied he is bringing too many Washington insiders of the Clinton era into his administration.

US President-elect Barack Obama denied today he was bringing too many Washington insiders of the Clinton era into his administration.

Barack Obama “will move as quickly as he can” to set up the team who will help him rule America as its first black president, his chief strategist said today.