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
Rupee slips past 85/USD to all-time low as Fed setback adds to woes
The Indian rupee declined past 85 to the U.S. dollar for the first time on Thursday after the Federal Reserve signalled fewer rate cuts next
Political distrust and the populist alt-view trap
The recent rise of populist movements in Western democracies has accompanied an erosion of trust in institutions and expertise. This column examines the dynamic between
Chinese infrastructure lending and Africa’s global value chain participation
Chinese lending to African countries has surged over the past 15 years, primarily aimed at financing infrastructure projects. This column shows that by lowering trade
Climate change, central banks, and monetary policy trade-offs
High temperature shocks create monetary policy trade-offs. This column uses a new monthly data set to study how 14 European central banks have responded to
The Chinese plastic waste import ban: Lessons for EU policy
In 2017 China banned the import of plastic waste, which led to large reallocations of plastic waste between countries. This column discusses the lessons that
