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Gender Business Featured Finance Lifestyle

Part-time work slows the narrowing of France’s lifetime gender earnings gap

France has narrowed its gender lifetime earnings gap, but has not managed closed it. Despite legal guarantees, French women still earn 30% less than men over a career. This column tracks lifetime income for cohorts born 1942–1964 and finds that convergence has stalled since the 1980s, mostly due to rising part-time work among women. Working […]

Employment Featured Finance Labour

How the 2018/19 US tariffs against China boosted exports and employment in Mexico

In 2018 and 2019, the US administration hiked tariffs on imports from China. This column shows that imports from Mexico partly filled the gap, leading to an export and employment surge in Mexico. Using highly disaggregated firm-level data on Mexican exports, combined with detailed employer-employee data, the authors find that US tariffs against China resulted […]

Banking Featured Finance News

Court rejects RBI challenge of ban on sale of Russian subsidiary

Raiffeisen Bank International said on Wednesday a Russian court had rejected its bid to lift an injunction banning the sale of its local subsidiary, frustrating efforts by the biggest Western bank still operating in Russia to exit the country. The ban is tied to a lawsuit brought by Russian investment firm Rasperia after a collapsed deal […]

Energy Climate Environment Featured World

Clean energy has fans in Trump’s America, complicating budget talks

 In an industrial building in the Salt Lake City suburb of Clearfield, Utah, long strips of U.S.-made steel were fed through machines that punctured, bent and cut them into rods that will soon hold solar panels on rooftops. Next door, workers with rivet tools assembled the pieces into finished products, bundled them into packages with […]

Environment Featured Technology World

Renewable energy remains cheapest power builds as new gas plants get pricier

 Renewable power like solar and onshore wind is the least expensive and quickest power generation source to deploy in the United States, even without government subsidies, Lazard said in a report on Monday. The cost to build new gas-fired power plants, meanwhile, has hit a 10-year high amidst the country’s record electricity use and growing backlogs for turbines and other equipment […]

Business Featured Finance World

Russia boosts seaborne fuel oil exports to India and Turkey in May, data shows

Russia increased seaborne fuel oil and vacuum gasoil exports to India and Turkey in May as falling oil product prices attracted buyers, while the hot summer season required more fuel for energy production, trade and shipping data showed. Oil prices fell to four-year lows as an OPEC+ decision to expedite its output hikes stoked fears about rising […]

Finance Business Economy Featured World

European export finance needs a reboot

Different options of what a European architecture for ECAs could look like, and how they could be leveraged to serve European public goods. Export credit agencies (ECAs) play an important role in international trade by providing derisking instruments that function as public assistance to companies engaging in international commerce. As the geopolitical environment has become […]

Economy Featured News Technology World

How can Europe’s nuclear deterrence trilemma be resolved?

The United States under President Donald Trump has adopted an ambiguous position on European security. Although no immediate risk of abandonment is apparent, European countries are rethinking their defence strategies in case the US declines to support them, or provides only partial support, in a crisis. This discussion is particularly sensitive in relation to nuclear weapons, the ultimate deterrent, […]