In 2025, the US government announced a series of tariff increases targeting major trading partners, including Canada, China, and Mexico.…
Recent evolutions in US attitudes and policies have raised questions about the future of the dollar’s role in the global…
A growing number of urban areas around the world face water scarcity. Focusing on the prolonged drought that Cape Town…
Public spending programmes, once established, become entrenched, making it hard for the next administration to cut them. For many, this…
History is full of evidence that tariffs harm economic performance. This column assesses the two waves of globalisation in modern…
Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This…
The sanctions which followed the 2022 Russian invasion of Ukraine generated a large trade shock for firms trading with Russia.…
Artificial intelligence is rapidly reshaping the financial sector. This column introduces the seventh report in The Future of Banking series,…
Plug-in hybrid electric vehicles can use either fossil fuels or electricity and offer potential emission reductions, depending on the driver’s…
Safe assets are financial instruments that maintain a stable value even after adverse macroeconomic shocks. This column explores how banks…