Hundreds of Credit Suisse employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Both declined to be […]
For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant Huawei (HWT.UL), some Chinese firms began setting […]
BlackRock, Korea’s SK, Switzerland’s UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state, according to project owners, developers and suppliers. Projects coming online are generating returns of around 20%, compared with single digit […]
Multinational corporations routinely shift their profits to tax havens globally in order to benefit from low-tax environments. This column uses German municipal data on trade and property tax rates to study the consequences of such corporate tax avoidance on government tax revenues and tax revenue structures. It shows that increases in trade tax rates lead […]
In the coming century, the global economy will experience an unprecedented convergence of two trends, as the world’s population reaches its peak while simultaneously approaching near-zero levels of growth – a combination that will invert both the population pyramid and dependency rates. This column examines this transformation within the context of changes to the global […]
There are growing concerns that low-income countries may be in or close to a systemic debt crisis. This column argues that while debt distress indicators in these countries have been steadily rising over the last decade, they remain substantially below their levels in the mid-1990s and do not yet indicate a systemic crisis of the […]
This paper discusses employers’ experience of working fully remotely during the pandemic, and their approaches to returning to the office following the pandemic. We chose to focus on the point of view of the employer since it is relatively less explored; much more is available and written on the views and opinions of employees about […]
The theme for this year’s World No Tobacco Day, “We need food, not tobacco,” to be commemorated on May 31, is apt given the rising food insecurity around the world. It aims to raise awareness about alternative crop production and marketing opportunities for tobacco farmers. As reported in the latest World Bank Group Food Security Update, domestic […]
Climate costs and development together need vast new resources. For developing countries, the needs are particularly large to provide for growing populations and decades of underinvestment. They need to make major advances on education, energy production, electricity access, health, infrastructure and nutrition just to make up for losses in recent years. Climate costs require significant additional […]
JioCinema, the streaming platform run by India’s Reliance Industries Ltd, has signed a partnership with NBC Universal Media in a push to increase Hollywood content on the platform for Indian viewers, the companies said on Monday. The multi-year deal will give JioCinema’s premium subscribers access to popular shows such as “Downton Abbey”, “Suits” and “The […]
