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
Europeans still want climate action, but don’t trust governments to deliver
Election results in 2024 have been interpreted as European voters turning against climate and environment policies. In the European Parliament elections, for example, the vote
Gender diversity and economic growth
Most macroeconomic and growth accounting models assume that male and female workers are perfectly substitutable in the aggregate production function. Whether this assumption is valid
