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Finance Banking Featured News World

Strong Japan GDP lifts yen, dollar steady as rate cut fervour cools slightly

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 […]

Environment Employment Featured News World

The environmental impacts of export booms in Brazil

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, […]

Finance Banking Business Featured World

Strong Japan GDP lifts yen, dollar steady as rate cut fervour cools slightly

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 […]

Agriculture Climate Featured News World

Can everyone afford to eat healthy? New data show progress, but not everywhere

Low-income countries and Sub-Saharan Africa are being left behind in global progress toward affordable healthy diets. Around 2.6 billion people – 32% of the global population – could not afford a healthy diet in 2024 The latest estimates of the Cost and Affordability of a Healthy Diet (CoAHD), published in the 2025 State of Food Security and Nutrition […]

trade Business Featured Finance

Navigating debt and trade: Data show persistent debt challenges for developing countries amid uncertain trade prospects

Low- and middle- income countries (LMICs) have rebounded strongly since the COVID-19 pandemic. Gross national income (GNI) among these countries was resilient in 2023, at $36 trillion — and the International Monetary Fund (IMF) projects that economic growth of developing economies will hold steady at about 4 percent over the next two years. Yet LMICs face […]

Featured Business Economy Finance World

Oil slips as OPEC+ output hikes counter Russia disruption concerns

Trump’s threats come amid renewed concerns about oil demand and some analysts expect faltering economic growth in the second half of the year  Oil slipped about 1% on Tuesday as rising OPEC+ supply and worries of weaker global demand countered concern about U.S. President Donald Trump’s threats to India over its Russian oil purchases. The […]

Technology Economy Featured News World

Are Capital Incentives Slowing the Diffusion of Cloud, Big Data, and AI?

We live in a world overflowing with data, yet turning this abundance into economic growth and job creation remains a significant challenge. Cloud computing has emerged as a powerful tool for this transformation, especially in developing economies. Traditionally, firms in these countries have faced barriers to accessing computing power, largely due to the high upfront […]

Banking Featured Finance News World

Basel endgame: Bank capital requirements and the future of international standard setting

Since the 1970s, banking regulators have worked to set minimum standards for internationally active banks. The latest agreement, Basel III, was introduced following the 2008 financial crisis, but only partially adopted by the US in 2013. This column discusses the final set of rules (‘Basel endgame’) and their potential implications for the US economy and […]

Productivity Featured Innovation News

Regulation and growth: Lessons from nearly 50 years of product market reforms

Product market regulation reforms directly affect firm entry, innovation and reallocation, and thus productivity and economic growth. This column leverages the 2025 update of the OECD Energy, Transport and Communications Regulation indicator to show that anticompetitive regulations in upstream sectors curb long-run economic performance in downstream sectors. Across the OECD, deregulation in network industries between […]

Economy Banking Featured Finance

Understanding country income: World Bank Group income classifications for FY26 (July 1, 2025–June, 2026)

Every year, the World Bank Group classifies the world’s economies into four income groups: low, lower-middle, upper-middle, and high. These classifications, updated each year on July 1, are based on the previous year’s Gross National Income (GNI) per capita, expressed in U.S. dollars using the Atlas method.  The Importance of Income Classification A country’s income classification not only […]