Marc Rysman, Shuang Wang, and Krzysztof WozniakWe use consumer panel scanner data to examine households' payment choices, a new application of such data. In particular, we study the long-term shift towards payment cards, as well as the role of transaction size in determining choices. We find that idiosyncratic household preferences are a key driver of payment choice.
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
On 9 April 2024, the European Court of Human Rights (ECtHR) delivered a landmark ruling in Verein KlimaSeniorinnen Schweiz and Others v. Switzerland. The ruling was handed down together with two further rulings in Duarte Agostinho and others v. Portugal and others, and in Carême v. France. The ruling marked the first time the ECtHR held that insufficient climate action by a state constitutes a violation of human rights under the European Convention on Human Rights (ECHR).
About 2.4 million Americans are artists, or 1% of the workforce. Ian Forsyth/Getty Images“Being an artist is not viewed as a real job.”
It’s a sentiment I’ve heard time and again, one that echoes across studios, rehearsal halls and kitchen tables – a quiet frustration that the labor of making art rarely earns the legitimacy or security afforded to other kinds of work.
This box summarises the findings of recent contacts between ECB staff and representatives of 71 leading non-financial companies operating in the euro area. According to these exchanges, which took place between 29 September and 9 October 2025, business conditions improved slightly in recent months, but they remained consistent with only modest growth in activity, with the manufacturing sector still weighed down by tariffs, uncertainty and challenges to competitiveness. The employment outlook also remained relatively subdued. Price growth continued to moderate.
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion.
President Trump said China would end its boycott and resume buying millions of tons of American soybeans.
It was 12 out of ten, said US president Donald Trump when reporting back on his meeting with his Chinese counterpart Xi Jinping. The two men met in the South Korean city of Busan on October 30, the first time they have come together face to face since 2019.
That, in itself, must be seen as progress after months of rising tensions. Since Trump returned to the White House in January, the world’s two biggest powers have squared off in what has threatened to become an increasingly damaging trade war.
China’s president, Xi Jinping, has met with his American counterpart, Donald Trump, for their first face-to-face talks in six years. Trump emerged from the meeting in South Korea in a buoyant mood, describing it as a 12 on a scale of one to ten. He is now saying the US will lower tariffs on Chinese imports, with Beijing giving the US better access to rare earths in return.
Roman Larchikov/ShutterstockEvery product we touch has a footprint. A phone, a fridge, a hospital syringe. Each begins and ends in the same place: the planet’s resources.
The EU’s recent ecodesign for sustainable products regulation aims to break the cycle of take, make, waste by forcing manufacturers to think circularly. Products will need to last longer, be easier to repair and feed back into the economy instead of the landfill.
