US military strength secures financial dominance
The US stands unrivalled as both a military and financial superpower. This column uses a game-theoretic model to show how the global dominance of the
A new way to price carbon: Understanding the social cost of carbon
The social cost of carbon is the estimated present discounted value of economic damages from emitting one ton of carbon dioxide into the atmosphere today.
Incorporating political risk into analysis of sovereign debt sustainability
Political risk is not taken into account when assessing whether countries can manage their debts, but it could be and should be. Debt sustainability analysis
It’s time for the European Union to rethink personal social networking
This Policy Brief explores the potential implementation of Article 7 interoperability for social networking core platform systems. Executive summary The European Union’s Digital Markets Act (DMA) includes
Long-term care policies in practice: a European perspective
A comprehensive study of the long-term care (LTC) systems in Germany, France, Slovenia, Italy and Denmark This paper offers a comprehensive study of the long-term
The US defence industrial base can no longer reliably supply Europe
Europe has long relied on US weapons but the US military industrial base faces constraints and its production may be redirected elsewhere The United States
HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%
HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20.
Germany rejects UniCredit’s latest Commerzbank stake hike in strongest rebuke yet
Germany rejected UniCredit’s latest Commerzbank stake increase as an “uncoordinated and unfriendly approach” on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as
Brazil’s real hits record low as markets eye govt spending
Brazil’s real tumbled by the most in over two years to a fresh record low on Wednesday and stocks were also under pressure as financial
New Zealand sinks into recession, more rate cuts coming
New Zealand’s economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was
