Dollar on course to end week flat against EUR; lower against JPY, GBP. The dollar was largely steady against the euro and British pound on Friday as traders trimmed wagers on monetary policy easing by the U.S. Federal Reserve following hotter-than-expected wholesale inflation data. The Japanese yen, meanwhile, firmed broadly following surprising strong economic growth […]
The Committee for a Responsible Federal Budget’s latest forecasts show a cumulative deficit of $22.7trln from fiscal 2026 to 2035. U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget […]
U.S. crude stocks fell by 2.42 million barrels, market sources said on Tuesday, citing American Petroleum Institute figures, ahead of official data at 1430 GMT. Oil rose on Wednesday as the American Petroleum Institute reported a drop in U.S. crude inventories and investors awaited the next steps in talks to end the Ukraine war, with […]
Euro zone business activity expanded in August, PMIs show. European stock markets fell slightly in early trading on Thursday, hovering just below recent highs, as traders avoided making big moves and waited for the Federal Reserve’s three-day annual Jackson Hole symposium. Jackson Hole starts on Thursday and focus will be on Fed Chair Jerome Powell’s […]
There is a growing push from certain quarters for the European Commission to weaken merger control in order to spur greater investment and innovation, higher productivity and growth, or the creation of European champions. This column argues that there are empirical and theoretical grounds to strengthen, rather than weaken, merger control, and offers suggestions to […]
Workers often remain in their jobs even when they know they may get higher wages elsewhere, raising questions about the effectiveness of pay transparency laws. This column draws on a large German survey to examine how information frictions shape labour market outcomes. The findings suggest that workers are better informed than many policymakers assume, but […]
The Strategic Trifecta: Balancing Growth, Sustainability, and ResilienceAs Dubai, UAE’s financial leadership continues to evolve in a digital-first world, financeleaders are stepping beyond traditional roles—becoming strategic visionaries,technology evangelists, and architects of sustainable growth. To power this transformation, NetNex Global presents the 25th edition of CFO StraTech 2025,Dubai, UAE premier finance leadership summit and awards.�� Held […]
The ‘green growth’ debate is taking place in an oversimplified setting, largely disregarding the innovation factor. Technologies to mitigate climate change are being treated as given, or as emerging spontaneously, ignoring the fact that the portfolio of technologies available tomorrow depends on what is done today. This can easily lead to misguided preferences, either for […]
The world is moving into a period of entrenched manufacturing overcapacity, threatening deflation and stagnant growth. Over the past two decades, China has emerged as the world’s manufacturing powerhouse. By offering goods at significantly lower prices than its competitors, China has captured a huge share of the global market. However, this flood of inexpensive goods […]
Export booms can boost formal job growth and lead to greener employment. In Brazil, between 2000 and 2020, municipalities more exposed to exports showed higher employment growth. A 1% increase in exports led to a 0.4% increase in formal jobs three years later. While environmentally risky jobs tend to rise more rapidly in the short run, […]
