Gas Stations Gain When Prices Start to Drop
President Trump is berating gasoline retailers for keeping prices high. Evidence suggests the business has grown more profitable.
EasyJet reaches outline agreement on £5.5bn takeover by Castlelake
UK airline’s board says it is minded to recommend proposal by US private credit group
Why only 13% of surplus food gets donated by US supermarkets and other retailers to help hungry people – and how food pantries are trying to gather more
Food banks tend to be large and have lots of special equipment that increases their efficiency.
How two hedge fund managers helped revolutionise US football
Fifa red card scandal overshadows turnaround in US men’s football
Heatwaves: expert tips on redesigning UK homes to cope with hotter temperatures
As the UK prepares for the third heatwave of 2026, most people will be hoping to try and keep cool at home.
Pension policy U-turn highlights government’s election concerns
There are increasing signs that the upcoming elections are playing a dominant role in the Greek government’s decision‑making process, and last week’s decision to scrap an intervention on bereavement support (known in Greece as “widows’ pensions”) sends a strong signal that the prospect of calling snap polls after the summer is not a remote possibility.
CVC sells marina business for more than €1bn as yacht market booms
French private equity firm InfraVia’s purchase of D-Marin is latest in a flurry of investments in sector
Bank of England appoints Rhys Phillips as the new Chief Cashier
The Governor of the Bank of England, Andrew Bailey, has announced that Rhys Phillips will be the next Chief Cashier and Director of Notes. He will take up the role on 19 October 2026.
The propagation of shocks across the production network and implications for monetary policy
The repeated occurrence of supply-chain disruptions since the COVID-19 pandemic reveals the need to complement traditional macroeconomic frameworks with approaches that better capture the complexity of modern economic productionstructures. This paper synthesises the findings of the ChaMP Research Network, highlighting how production network models and heterogeneity across firms, sectors and countries enrich our understanding of monetary policy transmission.
Monetary policy transmission and structural changes
This paper surveys research from the ESCB ChaMP Research Network on how ongoing structural change is affecting monetary policy transmission in the euro area. It shows that transmission is state-dependent and varies systematically with changesin the sectoral composition of the economy, in its international integration, in financial conditions and in inflation regimes.
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