What China's hukou permit costs a rural migrant
China's hukou ties welfare to where you are registered. Rural migrants in cities earn less, struggle to get welfare, and often leave their children behind.
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Africa's free trade area was first tested with batteries and tea
The African Union launched the AfCFTA in 2018. It took effect in 2021, and its first pilot trades in 2022 showed how slowly a single market gets built.
Eleven countries saved the Pacific trade deal the US abandoned
When the US quit the TPP in 2017, the other 11 signatories kept most of the text, parked 22 US-backed clauses and signed the CPTPP in Santiago in 2018.
Selling a share you don't own starts with borrowing it
A short seller borrows a share, sells it, and hopes to buy it back cheaper. The lender earns interest on the cash and can recall the share at any time.
Samsung kept its cross-owned web as Korean rivals moved on
The Lee family controls Samsung through affiliates that own each other. Most South Korean chaebols swapped that web for holding companies. Samsung did not.
Home loans become bonds, and the bank picks which ones go in
A mortgage-backed security pools home loans into one bond. US bonds mostly pass income straight through, while the EU counts only bundles cut into risk tiers.
Canada's and Britain's new wealth funds run on debt, not surplus
The Canada Strong Fund and Britain's National Wealth Fund run on borrowed money, where Norway's runs on oil. Critics call Canada's a costly bet.
US importers pay the tariff, then pass part of it to shoppers
A US tariff is paid by the importer at the border. Federal Reserve research found at least 30% of 2025's China tariffs reached shelf prices, slowly.
A 30-point credit score rise can cut a US mortgage rate
US mortgage lenders price conventional loans in 20-point credit score tiers. A 30-point rise can cut the rate by 0.25 percentage points or more.