Lawmakers in Portugal today defeated a plan to cut government spending, adding to fears that financial crisis will spread across the region. Daljit Dhaliwal spoke with Marcus Mabry, international business editor of The New York Times, about a potential European financial meltdown.
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Marcus Mabry, international business editor of The New York Times, and John Authers, the investment editor for the Financial Times, join Daljit Dhaliwal to discuss the impact of U.S. economic policies overseas, the risk of inflation in China, the fate of Japan's economy and recovery in Europe.
China predicted that it would achieve over 8 percent growth this year, and the economic superpower says it has fulfilled its target. For more on the Chinese economy, Martin Savidge interviews Marcus Mabry of the New York Times. And Melissa Chan of Al Jazeera English reports from China.
Worldfocus presents our most memorable interviews from 2009 -- both in the studio and from the field. Watch business editor Marcus Mabry, Liberian president Ellen Johnson Sirleaf, healthcare economist Uwe Reinhardt, and other notables from the past year. The list was chosen based on popularity on our site and on YouTube, along with input from the newsroom.
Stocks sank in Asia, Europe and the U.S. this week after reports that the government-owned investment arm of Dubai in the United Arab Emirates cannot pay back its loans to banks in Europe and Asia. Marcus Mabry, international business editor of The New York Times, joins Martin Savidge to discuss the ripple effects on the global economy.
Worldfocus regulars Marcus Mabry of The New York Times and Roben Farzad of BusinessWeek join Daljit Dhaliwal to discuss the implications for the Obama administration of the U.S role as a debtor nation to China. They talk about whether the Chinese may influence U.S. policy on issues ranging from Afghanistan to health care because of this new reality.
China is now taking steps to limit the availability of obscure materials to the rest of the world. Marcus Mabry of The New York Times discusses the implications of China's export restrictions on these rare metals.
As General Motors filed for bankruptcy, U.S. Treasury Secretary Timothy Geithner arrived in Beijing to reassure the Chinese that the U.S. is committed to bringing down its deficit. Marcus Mabry of The New York Times discusses China's concerns and Geithner's trip.
As the recession continues, Germany's economy -- Europe's largest -- is contracting rapidly. France announced Wednesday that it has slipped into recession. Marcus Mabry of The New York Times discusses the deepening economic downturn and what may be in store for Europe.