Analysis: Must Read

China: Beijing injects EUR46bn into its financial sector

China will recapitalize several large state-owned banks and insurance companies to the tune of CNY 360bn, i.e. about EUR46bn.

Trump Threatens a Trade War to Pressure the Fed

The US president sharply escalated his rhetoric against the Federal Reserve on Friday, minutes after the release of a jobs report that came in well above expectations.

France leads the world in AI adoption

A Goldman Sachs study puts France at the top amongst major economies in adopting artificial intelligence, as its effects on employment begin to show up in some sectors without, at this stage,...

The Week's Best Articles: Love at first sight in Notting Hill and rate-ology

As France and the UK rediscover each other, much to the United States' annoyance, AI keeps dominating international front pages, now joined by increasing worries about policy rates.

Defense: Europe Rearms, Auditors Sound the Alarm

As Europe spends heavily to beef up its defense, the rearmament process is proving long and complex. In a document titled Spotlight on EU Defense Policy, experts at the European Court of Auditors say...

The Fed finally has its ghost chair

By keeping communication to an absolute minimum, Kevin Warsh is giving his colleagues a certain leeway.

After the spring boom, US consumer spending back down to earth

After several months of robust growth, Costco's US sales show a clear return to normal in August, a sign that consumer momentum is starting to cool.

The Fed vs. the Treasury

Tensions in the bond market underscore the two institutions' diverging objectives.

London, the waiting room for private equity

Three British companies found the exit in a single day. Bodycote, Gamma Communications and Capricorn Energy have all backed takeover offers that would end decades on the London Stock Exchange. The...

The United States Strikes Iran After New Attacks in the Strait of Hormuz

US forces carried out fresh strikes against Iranian targets around the Strait of Hormuz on Tuesday, following several attacks on commercial vessels and US personnel. The operation marks a new...

The ECB knows what it will do in a week. What comes next is less certain.

The ECB must decide whether inflation pressures go beyond energy alone.

Donald Trump prepares new agreements to reduce drug prices

Donald Trump's administration is expected to announce a new round of agreements with pharmaceutical companies aimed at lowering the cost of drugs in the United States, where patients often pay nearly...

SG now expects three Fed rate hikes by March 2027

The US Federal Reserve is expected to raise interest rates three times by March 2027, by a quarter point each time, Societe Generale forecasts following the speech delivered Friday by Fed Chairman...

Jackson Hole: What to expect from Kevin Warsh's speech?

On Friday Kevin Warsh will make his first speech at Jackson Hole as Federal Reserve chair, with the key issue not so much to pre-signal the next FOMC decision, as to spell out his reaction function,...

Washington considers expanding its tariffs on technology products

Donald Trump's administration is reportedly weighing a new round of tariffs targeting semiconductors and a broader range of technology products. According to Politico, the measures could cover...

Kevin Warsh's Big Moment

The Fed chair will have to spell out where he stands at Jackson Hole.

Growth, AI, stocks: fund managers' consensus is getting uncomfortably crowded

Cash at its lowest, equity exposure at its highest since 2021, and strong confidence in growth and AI: Bank of America's survey shows investors still heavily committed to a favorable economic...

Canada hits back at US with tariffs on $20 billion

Canada will impose new levies on more than 700 American products starting September 8, in response to the 50% tariffs imposed by Washington. The move follows the collapse of trade talks between the...

Is Britain escaping its productivity trap?

Britain's economy has spent most of the past 15 years producing remarkably little extra output for each hour worked. New research from the Resolution Foundation suggests that this may finally be...