While a growing literature has highlighted the role of economic grievances, global transformations, cultural cleavages, and isolation in engendering political discontent, the nexus with local shocks has not yet been explored. This column documents that two earthquakes in Italy resulted in sharply diverging electoral outcomes: while the 2012 Emilia quake did not alter voting behaviour, […]
Automation and digitalisation are progressing rapidly worldwide, auguring improved productivity and living standards but also the prospect of genuine social harm. This column discusses two side effects of automation – increased inequality and a rise in carbon emissions – and proposes a policy response to deal with both problems simultaneously. By imposing a higher tax […]
High and volatile European energy prices are being driven by extraordinarily tight supply-demand balances in energy markets, particularly for natural gas. The primary solution is to reduce demand and the European Union agreed a target to reduce gas demand by 15% compared to the previous five year average between August 2022 and March 2023.This target has subsequently […]
The S&P 500 and Nasdaq hit fresh 2023 highs on Friday earlier than paring some profits, as a soar in Tesla and technology stocks outweighed jitters across the Federal Reserve’s policy final results and inflation records subsequent week. Tesla Inc shares (TSLA.O) climbed 4.Nine% and were set for their longest triumphing streak on account that […]
Stephanie Cohen, the pinnacle of Goldman Sachs Group Inc’s (GS.N) fintech unit referred to as Platform Solutions, is taking a depart of absence for own family motives, she said in a memo to workforce seen with the aid of Reuters. “The beyond year has introduced a few challenges for my circle of relatives,” Cohen stated […]
Tesla (TSLA.O) jumped nearly 7% on Friday after General Motors (GM.N) joined Ford (F.N) in agreeing to use its electric powered-car charging network, a huge win that analysts said ought to make Tesla Superchargers an enterprise standard within the United States. The rare partnership among three of the biggest U.S. Automakers ensures that more than […]
JPMorgan ( JPM.N ) and Morgan Stanley ( MS.N ) are reviewing their prime brokerage relationships with Odey Asset Management after the Financial Times and Tortoise Media reported on Thursday that Crispin Odey was sexually harassed, sources familiar with the matter said. The FT reported that 13 women claimed Odey sexually assaulted or harassed them […]
Taiwanese computer maker Acer ( 2353.TW ) shipped at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to Reuters customs records, after it said it will suspend business there.While not illegal, Acer’s actions contrast with those of major Western rivals such as Dell ( DELL.N […]
GameStop ( GME.N ) fell about 19% on Thursday, its worst performance in two years, after the surprise departure of its chief executive to expand online fueled concerns that the video game retailer was in trouble.Matt Furlong, the former head of Amazon.com, is ousted as major shareholder Ryan Cohen is named CEO of the company […]
According to a source close to the discussions, U.S. electric car manufacturer Tesla is reportedly in talks with the leaders of the regional government of Valencia in Spain for a potential automotive investment. While a spokesperson for Valencia’s regional government confirmed holding meetings and conversations with an unidentified company regarding a “large automotive investment,” they […]
