An index of global stocks rose 1% on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs, as traders awaited President-elect Donald Trump’s cabinet selection and sought to gauge the outlook for U.S. interest rates. Tech shares advanced, tracking Wall Street’s recovery from last week’s steep losses, although Nvidia’s upcoming earnings on Wednesday […]
Meta Platforms said on Tuesday it plans to appeal an order by India’s competition watchdog that restricts the U.S. tech firm from sharing data for advertising between WhatsApp and its other applications and also imposed a $25.4 million fine. The Competition Commission of India (CCI) said in its order on Monday that restrictions on data sharing would be […]
Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and corporate earnings. The Wall Street brokerage’s target implied an upside of 10.3% from the index’s last close of 5,893.62. On Monday, Morgan Stanley also forecast the benchmark […]
Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the “Elden Ring” game, two sources familiar with the matter said, as the technology giant looks to add to its entertainment portfolio. The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks, the sources […]
This Policy Brief sets out why the deforestation regulation has the right objectives but needed better design and preparation for implementation Forests are essential to regulating the climate, absorbing greenhouse gases and providing fresh water and habitats for biodiversity and indigenous peoples. If deforestation continues at current rates, large parts of the planet will become […]
Though public and private investment survived the energy and inflation shocks following the pandemic, signs indicate that corporate investment has since weakened. This column presents the results of the 2024 European Investment Bank survey on investment finance. Despite pressing needs to step up investment in innovation and digitalisation, strengthen value chains and encourage climate action, […]
Western nations have seen remarkable per capita wealth growth over the 20th century and, in this period, wealth inequality has also fallen. This column explains this development by the emergence of inclusive political and economic institutions that broadened access to homeownership and pensions for millions. It questions previous explanations and offers several lessons for today’s […]
Financial openness can constrain the monetary autonomy of central banks. This column uses a new dataset to study how central banks use their balance sheets to absorb international monetary shocks since the late 19th century. It documents a systematic expansion of central bank domestic assets following international monetary shocks in financially open economies. By accounting […]
Japan and China both faced exposure to Western imperialism in the 19th century, but their responses were starkly different. Japan’s decentralised political system allowed more flexibility in adopting Western technologies and institutions during the Meiji Restoration, whereas China’s centralised bureaucracy hindered significant reforms. This column argues that ideological factors – particularly the willingness to embrace […]
The ‘child penalty’ significantly reduces women’s lifetime earnings and pension savings, but whether this is the result of deliberate forward-looking decisions remains unclear. This column uses survey responses and an experiment with Swiss public-school teachers to examine the role of information constraints in women teachers’ labour supply decisions following childbirth. Long-term financial factors are not […]
