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Confusopoly unveiled: How firms use complexity to raise prices

Can entire markets strategically confuse consumers to raise prices? This column tracks the prices of nearly all mobile phone tariffs and handsets in the UK from 2010 to 2012, and finds that quality-adjusted prices rise in the early part of the sample period and decline later. Obfuscation strategies by firms appear to be the primary […]

Finance Banking Featured News World

US bank stocks plunge as investors grow uneasy about mounting risks

U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy about risk in the sector, which has been shaken by exposure to two auto bankruptcies. Zions sank 12% after disclosing it would take a $50 million loss in the third quarter on two commercial and industrial loans from […]

Finance Banking Featured News World

Egypt: EGX shows positive performance on Thursday

Retail investors represented 74.27% of total trading, while institutions made up 25.72%. The Egyptian Exchange (EGX) ended Thursday’s trading session with a mixed performance. The EGX30 index grew by 0.06% to 37,677.19 points. Likewise, the EGX35-LV also went up by 1.10% to 4,201.59 points. Both the EGX70 index and the EGX100 concluded the trading session […]

Economy Featured News World

IMF sounds alarm about high global public debt, urges countries to build buffers

The IMF this week edged up its 2025 global growth forecast given a more benign impact from tariffs. Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up buffers to […]

Finance Banking Featured News World

How the United States is eating Trump’s tariffs

Fed Chair Jerome Powell said tariffs accounted for perhaps 30-40 basis points of the latest core inflation reading of 2.9% but the effect should be “relatively short-lived”. U.S. companies and consumers are bearing the brunt of the country’s new import tariffs, early indications show, contradicting assertions by President Donald Trump and complicating the Federal Reserve’s […]

Economy Featured Finance News World

U.S. China trade tensions send Aussie sliding 1%, boost safe havens

Aussie slides as investors flock to safe-havens, yen strenghtens. The Australian dollar tumbled on Tuesday, while the safe-haven Swiss franc and Japanese yen strengthened as renewed signs of strains in U.S.-China trade relations dented risk sentiment and left investors ducking for cover. Trade and tariffs have been the main focus since dramatic market moves on […]

Economy Featured News trade

Wall Street advances as Trump cools China rhetoric

 Wall Street’s main indexes advanced on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over renewed U.S.-China trade tensions. Aiding sentiment, U.S. Treasury Secretary Scott Bessent said in an interview with Fox Business Network on Monday that Trump was on track to meet his Chinese counterpart in […]

Featured Banking Economy Finance World

Wall Street’s bull market nears three years old; history shows it may still have life

The U.S. stock market’s bull run is almost three years old, but if history is a guide, that would make it only middle-aged. The S&P 500 has set a series of record highs in the lead-up to Sunday’s anniversary of the start of the bull market on October 12, 2022. On that date three years ago, […]

trade Economy Featured News World

European exports in geopolitical storms

With demand from US and China weakening, the EU can boost trade by focusing on other markets and strengthening global partnerships. The global trading system is undergoing profound changes, and current developments in the US and China will have significant implications for the European economy. Both countries were at the heart of globalisation but are […]

Featured Finance News trade World

Dollar dominance and the Trump administration

There is general agreement that a currency’s safe-haven status can be gauged by its response to changes in financial volatility. This column documents how, in the months following the Trump administration’s “Liberation Day” announcement, the dollar switched from rising during periods of market volatility to falling, and thus appeared to switch from a safe-haven to […]