Trade liberalization and the creation of better-paid jobs
Creating stable and well-paid jobs is central to eliviating poverty in low-and-medium income countries. International trade is sometimes seen as an instrument to achieve this
How tightening mortgage credit raises rents and increases inequality in the housing market
Steadily increasing rents and historically high house prices in many euro area countries are forcing many households to devote ever more of their income to
Financial intermediation and zombie firms: Theory and evidence
Credit market conditions have been identified as a key driver of the prevalence of zombie firms. This column studies the relationship between credit conditions and
E-money and monetary policy transmission
The rise of e-money in low-income and emerging economies has transformed financial inclusion and monetary policy transmission. Case studies from sub-Saharan Africa show that e-money
UK’s Drax reports higher annual profit, helped by rising renewable power
British power company Drax Group on Thursday reported a 5.5% increase in annual profit, in line with forecasts and due to an increase in renewable
Microsoft will urge Trump to overhaul curbs on AI chip exports, WSJ reports
Microsoft will call for President Donald Trump’s team to ease the limits on chips that can be used in data centers for training AI models so
Tencent releases new AI model, says replies faster than DeepSeek-R1
Chinese tech giant Tencent on Thursday released a new AI model that it claims can answer queries faster than global hit DeepSeek-R1, in the latest sign
Defending Europe without the US: first estimates of what is needed
“Some in Europe may be frustrated with Brussels. But let’s be clear – if not Brussels, then Moscow. It’s your decision. That’s geopolitics. That’s history.” Volodymyr Zelenskyy.
Clean industrial transformation: where does Europe stand?
The European Union’s Clean Industrial Deal, due to be proposed on 26 February 2025, will be a plan to create a conducive business environment for
Greening the EU budget: why climate mainstreaming needs reform
The European Union’s commitment to the fight against climate change is pursued in part through budgetary mainstreaming, which aims to integrate key policy priorities, such
