Manufacturers and operators of electric vehicle chargers in the United States are bracing for a slowdown in production and deployment as they scramble to comply with “Made in America” terms of a $7.5 billion federal program meant to accelerate the industry. Long-awaited rules laid out by the White House last month are part of President Joe […]
Days before a hastily convened press conference late on Sunday that would make the world’s front pages, Switzerland’s political elite were secretly preparing a move that would jolt the globe. While the nation’s central bank and financial regulator publicly declared that Credit Suisse was sound, behind closed doors the race was on to rescue the […]
– Taurean Prince outdueled Julius Randle in a battle of performances that flirted with history Monday night, hitting all eight of his 3-point shots and scoring the insurance basket with 10.4 seconds remaining as the visiting Minnesota Timberwolves edged the New York Knicks 140-134. Prince racked up 35 points and finished one 3-pointer shy of […]
Paris 2024 Olympic torchbearers may not all get to keep their torches as a cherished memento of the Games because organisers plan to cut down on the number made in the name of sustainability, a source told Reuters. It is still unclear how many torches, which usually burn a mixture of gases, will be produced […]
The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern. The proposal limits recipients of U.S. funding from investing in the expansion of semiconductor manufacturing in foreign countries of concern such as China and Russia, […]
Almost three years after the onset of the COVID-19 pandemic, the recovery has not been full or homogenous for all countries and segments of the population in Latin America and the Caribbean (LAC). Moreover, some of its effects, such as the impacts on the human capital accumulation of children, will only fully unfold in the […]
Helping beneficiary households better cope with adverse life events is one of the main assurances of social protection programs. By providing a basic income, cash transfer programs are designed to keep a household from falling further into poverty. Such poverty traps can occur, if for example, a household is forced to sell their assets or assume […]
Coal prices have been retreating from their highs in 2022 but they remain well above the 2017-2021 average. Global coal consumption levels reached an all-time high in 2022, led by India and China. On the supply side, increased exports by countries such as South Africa and Colombia—whose combined share in total European imports has been 35% […]
The effects of poor employment outcomes are not limited to those experiencing them directly. There is growing evidence of substantial benefits to broader society from the creation of better jobs. However, studies on social externalities from jobs, such as social cohesion, crime and violence, terrorism, subjective well-being, and parenting, tend to be disparate and loosely […]
In advance of the next meeting of the Sovereign Debt Roundtable on April 12, I want to provide a quick update on recent developments and reiterate my call for prompt action toward debt sustainability for debt distressed countries. In my remarks at the G20 Finance Ministers and Central Bank Governors on February 24, 2023, I outlined the […]
