Only, some in the boat are baling and paddling more vigorously than others. As Bank of France Governor François Villeroy de Galhau told a radio interviewer recently, France is alone in not having made the reforms that many of its neighbors (“even the Italians!”) have made since the last crisis. And, while political will at … Read more
Projecting California’s 2025 economy is like reviewing a movie sequel with familiar combatants. The upcoming, second-edition Donald Trump presidency again pits a pro-business force against a pro-consumer state. Ponder the massive chasms in policies – from immigration to business regulation to green energy. Add in personalities who don’t get along – the Republican president-elect vs. California’s … Read more
The Bundesbank flagged that the labor market, which it had previously expected to sustain the post-pandemic recovery, is now also visibly weakening. Unemployment is already at its highest in four years, at 6.1 percent of the workforce, and a wave of layoff announcements in the manufacturing sector — most notably at automaker Volkswagen — has … Read more
The ECB also refrained from offering new guidance on the expected speed and scope of interest rate cuts next year, repeating that it will stick to a “data-dependent and meeting-by-meeting approach.” “Most measures of underlying inflation suggest that inflation will settle at around the Governing Council’s 2 percent medium-term target on a sustained basis,” the … Read more
First, AI professionals in the EU lead in green skills — performing jobs in a more environmentally sustainable way — compared with their peers in the US and UK. Today, 8.1 percent of AI talent in the EU have at least one green skill, compared with 5.8 percent in the US and 7.4 percent in … Read more
President Joe Biden on Tuesday took direct aim at President-elect Donald Trump’s economic agenda, denigrating his plan to impose sweeping tariffs and cut taxes as a “major mistake” that will weaken the economy. In a speech at the Brookings Institution, Biden warned that Trump’s plans would largely benefit the wealthy, reversing what he described as … Read more
Opinions expressed by Entrepreneur contributors are their own. Modern buyers, both retail consumers and businesses, are demanding more from the companies they’re purchasing from. They want products built specifically for them from experts who understand their needs. On the business-to-business side, we call this verticalization. This is a trend that is exceptionally prevalent in software. … Read more
“The number one issue is not NATO, not even Ukraine, as serious as that is. The number one issue is the displacement of Chinese exports that are going to the U.S. and will now go to Europe,” said Anthony Gardner, who served as U.S. ambassador to the European Union just before Trump’s first mandate. “There … Read more
For the French, von der Leyen’s Montevideo trip is anathema. Hatred of the Mercosur deal with Argentina, Brazil, Uruguay, Paraguay and Bolivia permeates the whole political class. The French fear the accord will undermine their farmers with a tide of cheap poultry and beef from Latin America — and will whip up popular rage against … Read more
New Delhi: The Central government’s capital expenditure is expected to increase by a robust 25 per cent in the second half of the financial year 204-2025 compared to the same period of the previous year, according to a report by Jefferies. The report underlined that while populist policies have gained traction in the states, the … Read more
