The Great Divergence and the Great Reversal: A new approach to global economic history
The starkly different paths of economic and institutional development followed by China and the West is often attributed largely to the Industrial Revolution. This column
Gold breaks $4,100 to hit high on trade jitters, rate-cut optimism
Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed U.S.-China trade tensions and expectations of U.S.
Wall Street advances as Trump cools China rhetoric
Wall Street’s main indexes advanced on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over
Oil recoups some losses after US-China trade tensions
Oil prices rose on Monday after hitting five-month lows in the previous session, as investors focused on potential talks between the presidents of the United
JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge
JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies considered critical to national security and economic resilience
Europe’s dependence on US foreign military sales and what to do about it
Europe’s reliance on US arms raises autonomy concerns, as security worsens and leaders aim to cut strategic and technological dependence. Worries about Europe’s dependence on
Bilateral trade in services: A new research database
While trade debates focus on tariffs and goods, services have quietly defied deglobalisation and become an increasingly important driver of growth. Services trade not only
Hidden growth in US manufacturing productivity
Manufacturing is a locus of innovation, yet standard industry data show manufacturing productivity stagnating in the US. This column argues that standard measurements understate true
The quiet engine of progress: Scholar networks before the Industrial Revolution
Since the Middle Ages and throughout the early modern period, European universities and academies established dense webs of interpersonal connections among scholars. Using historical data
Yen and euro struggle as Japan and France’s political dramas heat up
French political quagmire leaves euro at two-month lows. The yen stabilised on Friday but was still headed for its steepest weekly drop in a year
