Bonding through crises with nonbank financial institutions
Nonbank financial institutions are often seen as procyclical lenders, cutting credit more sharply than banks during stress, while bond markets can substitute for bank lending
The impact of AI and cross-border data regulation on international trade in digital services
AI is transforming digital services, and mobile apps, which routinely reach users far beyond their home markets, show just how global that transformation has become.
Hiding in the mean: AI is adding jobs and removing them at the same time
Estimates of AI’s employment effect disagree in size and even in sign. This column argues the disagreement is built into the measurement: AI substitutes for
Strategic sovereignty, social movements, and political agency: Evidence from the US-Israeli military campaign in Iran
Military intervention may be undertaken to weaken a hostile regime and strengthen the position of its opponents. This column argues that evidence from the 2026
Navigating geoeconomic risk in the US stock market
Geoeconomic risk has become a first-order concern for investors. This column shows that domestic US stocks expose investors to substantial geoeconomic risk through firms’ global
Taiwan plans $13bln in extra energy spending given high global prices
Taiwan has not passed on most of the rising costs to consumers, and it heavily subsidises energy bills, helping to keep inflation down. Taiwan’s government
AI adoption stalls as companies struggle to scale projects despite strong returns, study shows
Only 13% of companies were on track with their AI initiatives, as regulatory hurdles and integration with legacy IT systems slowed large-scale adoption, a BearingPoint
European regulators need more powers to police crypto, watchdog says
The European Securities and Markets Authority said on Wednesday that European regulators should be given more powers to help them enforce crypto rules, and that
Oil dips as recovering Gulf exports ease supply fears, US-Iran diplomacy in focus
Oil prices fell 1% on Thursday as recovering crude exports from the Gulf and a surprise rise in US inventories eased supply concerns, while investors
Training novices to think in the age of large language models
Whether teaching a cognitive skill remains valuable in this era of AI is a crucial question in education and for firms. This column reports on
