Economists have awakened to the crucial question about the relationship between production and democracy around the world. Thanks to long experience with such measurements, production is easy to gauge. Democracy, multifaceted as it is, is more difficult to deal with. Research Fellow Cesifo; Professor of Economics University of Iceland Official statistics on national product and income per person […]
U.S. consumer prices accelerated in January as Americans continued to be burdened by higher costs for rental housing, suggesting that the Federal Reserve was far from pausing its interest rate hiking campaign. The report from the Labor Department on Tuesday also showed the pace of disinflation in the annual consumer price measures slowing last month. […]
Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing, accelerating the rebirth of a national emblem under new owners Tata Group as Europe and the United States hailed deepening economic and political ties with New Delhi. The provisional deals include 220 planes from Boeing (BA.N) and 250 from Airbus (AIR.PA) and eclipse previous […]
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 […]
