Heated trade tensions could cool if the United States and the European Union make concessions on hydrogen. Washington’s Inflation Reduction Act includes subsidies that could slash the cost of the element’s sustainably produced “green” version by 2030. If the EU can negotiate better access to America’s production chain while attractively managing its future import needs, it could […]
Apple Inc (AAPL.O) is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker’s operations. The Cupertino, California-based company has been shifting production away from China after the country’s strict COVID-related restrictions dented supply chains across industries and as trade and geopolitical tensions between Beijing and […]
Taiwanese chipmaker TSMC (2330.TW) said on Tuesday its board had approved a plan to boost the capital of its chip factory in Arizona by up to $3.5 billion. TSMC in December tripled its planned investment at the Arizona chip plant, which began construction late last year, to $40 billion. The factory, among the largest foreign investments in U.S. history, […]
Samsung Electronics (005930.KS) plans to borrow 20 trillion won ($15.78 billion) from unit Samsung Display to use as operational funds, the tech giant said in a regulatory filing on Tuesday. Samsung plans to borrow the funds at a 4.6% interest rate until August 2025, it said. Samsung indicated last month it has no plan to cut investment in […]
This week, chief executives across the sector packed earnings calls with mentions of the heavily hyped technology, which until recently existed more in the background than as a solid contributor to the bottom line. In conference calls after financial results, tech execs uttered the phrases “AI,” “generative AI,” or “machine learning” from two to six […]
This database includes real and nominal effective exchange rates from the papers: The earlier methodological description of the dataset was published in: The real effective exchange rate (REER), which measures the development of the real value of a country’s currency against the basket of the trading partners of the country, is a frequently used variable […]
Since the start of the energy crisis in September 2021, €768 billion has been allocated and earmarked across European countries to shield consumers from the rising energy costs. Here’s the breakdown: The current increase in wholesale energy prices in Europe has prompted governments to put in place measures to shield consumers from the direct impact of […]
The effect of energy price shocks on inflation continues to be misunderstood. Contrary to popular belief, the surge in US inflation in 2021 and 2022 was not primarily caused by energy price shocks. This column shows that an unexpected increase in energy prices only creates a blip in the inflation rate. In contrast, year-over-year rates […]
Economists tend to assume that monetary rewards make people try harder, but many psychologists argue that the opposite can be true. This column takes stock of 44 experimental studies in economics to test the relationship between financial incentives and performance. After correcting publication bias and differences in experimental contexts, the analysis suggests a negligible effect […]
European companies have increasingly relied on Ukrainian IT providers in the face of massive shortages of IT specialists in Europe. But the Ukraine war is eroding the country’s IT competitiveness. Although more than half of Ukrainian IT startups continue their operations exclusively from Ukraine, they are losing staff and need financial support. Meanwhile, Russian attacks […]
