GLOBAL BUSINESS AND FINANCE MAGAZINE - Global Business & Finance Magazine

OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to “raise more capital

Leveraging AI to navigate ‘deglobalisation’

Trade wars, industrial policy, and myriad other supply chain disruptions have fast become the ‘new normal’. Yet, given the highly opaque and complex nature of

The one-in-a-thousand-day problem

Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival. This column argues that such drastic behavioural changes render

Labour market transitions in a greener economy

The transition to a greener economy will entail reallocating workers from high-polluting to ‘green’ jobs. To minimise the costs of this transition to individuals and

The ‘doom loop’ and default incentives

The ‘doom loop’, or ‘sovereign–bank nexus’, has been identified as a key driver of the European debt crisis. It has been back in the spotlight

The heat is on: Heat stress, productivity, and adaptation among firms

Frequent and intense heat episodes can strain workers’ cognitive and physical abilities, drive up absenteeism, and disrupt vital infrastructure. Drawing on data from over 2.7

Causal claims in economics

Over the past few decades, economics has undergone a ‘credibility revolution’, emphasising techniques to establish causal relationships. This column analyses over 44,000 working papers over

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.