Russia’s wartime economy is getting weaker as the war in Ukraine approaches its fourth anniversary, according to a recent report by PeaceRep, a research group led by the University of Edinburgh. The report, Against the Clock? Why Russia’s War Economy is Running Out of Time, finds that Russia is being forced to spend aggressively on the war, while its earning abilities have dropped significantly.
Regulator considers whether to ask court to ban pair after firm was fined over drugs sold to NHS
Sergio VillalvazoThis paper studies the cross-sectional dimension of Fisher's debt-deflation mechanism that triggers endogenous Sudden Stop crises-i.e., episodes with large reversals in the current account. Analyzing microdata from Mexico, we show that this dimension has macroeconomic implications that operate via opposing effects. First, an amplifying effect by which households with high leverage fire-sale their assets during crises, increasing downward pressure on asset prices.
Index-linked treasury stocks are gilts issued by the UK Government. They pay out twice a year, with the amount indexed to the Retail Prices Index.
Announcement of a new CEO seemed to start smoothly but now threatens to descend into a mess
With tariffs unpopular and prices still high, the White House has teased the promise of tariff rebates and large tax refunds next year.
Who pays the most taxes?
As Americans gather for holiday celebrations, many will quietly thank the health care workers who keep their families and friends well: the ICU nurse who stabilized a grandparent, the doctor who adjusted a tricky prescription, the home health aide who ensures an aging relative can bathe and eat safely.
Justice department says subprime auto lender defrauded its lenders before its collapse this year
Switching off can be surprisingly expensive. Much like the smoking cessation boom of the 1990s, the digital detox business – spanning hardware, apps, telecoms, workplace wellness providers, digital “wellbeing suites” and tourism – is now a global industry in its own right.
