Small and stuck: Why European firms can’t scale
In 2008, the US stock market was worth $3 trillion more than the combined European stock market; in 2023, the gap was $34 trillion. This
How early academic rank shapes high school choices and admissions
Students with the same test score can have considerably different academic ranks depending on their school peers. Using data from the Mexico City metropolitan area,
A nascent international financial channel of China’s monetary policy transmission
China is the world’s second-largest economy, and its monetary policy can affect global demand and trade. Using granular mutual fund data, this column finds that
Samsung Electroncis to announce more than $72bln shareholder return programme, media reports
Samsung will spend 50% of its free cash flow on the new programme Samsung Electronics is set to announce a new shareholder return policy later
AI’s gains are large and rising, but unevenly shared
How large is the labour cost saved by AI, and how is it distributed across occupations? Using five waves of the Anthropic Economic Index from
Alphabet raises $3.9 billion in inaugural Australian dollar bond
Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to a term sheet seen by Reuters, adding to the hectic
Oil gains on Middle East supply concerns amid impasse in US-Iran war
Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern
US debt crosses $40 trillion threshold after doubling under Trump and Biden
Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said on Wednesday, drawing fresh warnings that a fiscal crisis is
Commodity wealth demands a fiscal balancing act
Commodity booms are easy to celebrate but hard to manage. For resource-rich economies, commodity windfalls—if managed well—can finance investment, strengthen public finances and lift growth
When statistics lie: Using satellite data to track Russia’s wartime economy
Official Russian statistics report a mild recession in 2022 following the full-scale of Ukraine but suggest that Russia has since fully recovered. This column argues
