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Environment Climate Featured News World

Will electric vehicles create jobs in South Asia?

As the global shift toward electric mobility gains momentum, countries are making bold bets on electric vehicles (EVs) to meet their climate goals, reduce fuel import dependence, and spur industrial growth. In South Asia too, the EV transition is being positioned as a catalyst for industrial transformation and job creation. The employment reality, however, is more complex. […]

Lifestyle Climate Featured News World

Beyond fragmentation: Building self-reliance in a shifting aid landscape

The global development landscape is undergoing seismic shifts. Foreign aid, a critical lifeline for billions, is shrinking, after becoming fragmented at an alarming rate over the last two decades. At the same time, more than half of low-income countries are deep into or teetering on the brink of debt distress, with median public debt soaring from 20 […]

Finance Banking Featured News World

Beyond fragmentation: Building self-reliance in a shifting aid landscape

The global development landscape is undergoing seismic shifts. Foreign aid, a critical lifeline for billions, is shrinking, after becoming fragmented at an alarming rate over the last two decades. At the same time, more than half of low-income countries are deep into or teetering on the brink of debt distress, with median public debt soaring from 20 […]

Technology Climate Environment Featured

Will electric vehicles create jobs in South Asia?

As the global shift toward electric mobility gains momentum, countries are making bold bets on electric vehicles (EVs) to meet their climate goals, reduce fuel import dependence, and spur industrial growth. In South Asia too, the EV transition is being positioned as a catalyst for industrial transformation and job creation. The employment reality, however, is more complex. […]

World Economy Environment News

Africa’s path to claiming the 21st century runs through its cities

In their recent blog Can Africa Claim the 21st Century?, Andrew Dabalen and Chorching Goh rightly highlight Africa’s moment of opportunity: a convergence of global attention, demographic momentum, and natural resource wealth. But whether this century can truly be Africa’s depends on whether its cities are able to generate enough good jobs to employ its growing population. […]

trade Banking Economy Featured Finance

Transmission of foreign shocks to import prices in firm-to-firm networks

A key question in the context of a trade war is whether the burden of tariffs falls on foreign exporters or domestic importers. This column uses a firm-to-firm trade model with search frictions and French export data to study how cost shocks affect buying firms. It finds that while some buyers pay nothing, others face […]

trade Employment Featured News World

Trade and Development Chart: Exports to developing economies drive rich-country employment growth

As global trade expands, so does the number of workers in high-income countries whose jobs are tied to exports. More of that growth is generated by exports to low-and middle-income countries than to other high-income countries. Employment generated by exports of goods and services to low and middle-income countries, either directly or indirectly, more than doubled […]

Business Economy Featured Finance News

HSBC agrees to sell $7.8 billion of French mortgages to Rothesay

 HSBC has agreed to sell 6.7 billion euros ($7.81 billion) worth of French home loans to British insurer Rothesay and consortium partner CCF Group, the latter said on Friday. The portfolio mainly consists of 25-year fixed rate mortgages for residential properties in France, Rothesay said. The proposed sale comes as HSBC has shrunk its presence […]

Business Banking Featured Finance

Italy’s UniCredit says it is withdrawing bid for Banco BPM

 UniCredit on Tuesday said it was withdrawing its 14.6 billion euro ($17 billion) all-share bid for Banco BPM. Italy’s second-biggest bank said in a statement government-set terms for the bid, which it has been fighting in court scoring a partial victory earlier this month, had derailed the bid. “The normal offer process has been impacted […]