The policies of the Trump administration have put the research environment in the United States under pressure. Public research funding cuts, hostility towards academic freedom, climate science denial and the detaining or exclusion of foreign researchers have unsettled the scientific community in the US. Researchers question the US’s traditional role as a safe haven for […]
Oil prices climbed about 2% to a two-week high on Monday after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose $1.35, or 2.1%, to $65.26 a barrel by 11:39 a.m. EDT (1539 GMT), while U.S. […]
The recent shift in trade policy by the new US administration is impacting global trade and creating volatility in financial markets. This column quantifies the economic impact of the 2nd April tariffs on Europe, discusses the financial market response to the announcement, and looks at the role of the exchange rate response for the transmission […]
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities. In addition, […]
The United States is seeking to weaken a global deal aimed at helping developing countries struggling with the impacts of climate change and other issues, an internal United Nations document seen by Reuters showed. The Trump administration opposes draft reforms of the world’s financial system intended to help developing countries, including around taxation, credit ratings […]
The trajectory of an economy’s development can often be better understood through the historical experiences of its populace. This column investigates the long-term impacts of the fall of the Ming dynasty on socioeconomic status, tracing the effects of this historical shock over five generations covering a time span of 300 years. The findings highlight that […]
