Milken mission: Trump dispatches Bessent to calm the financial elite
US Treasury secretary’s message in Beverly Hills got a mixed review from investors
US Treasury secretary’s message in Beverly Hills got a mixed review from investors
Political conflicts and global tensions always affect people on the ground and across borders. Unable to influence events such as the ongoing war against Ukraine or proposed sweeping US tariffs, people turn to whatever resources are available for defending their livelihoods, institutions and communities.
The US president called it a “very big deal”. The UK prime minister said it was “fantastic, historic” day. For sure, Keir Starmer and his team will have been delighted that the UK was first in line to negotiate adjustments to Donald Trump’s sweeping tariffs announced on “liberation day” just a few weeks ago. But what might the trade deal between the UK and US actually mean? We asked four economic experts to respond to the Oval Office announcement.
Wins for the UK are real, but limited
The agreement appeared to be more of a framework than a settled deal and eased some of President Trump’s tariffs on British goods while opening its markets.
A deal would be a positive sign for both governments, which have eyed an agreement since President Trump’s first term.
Parliament to summon government-run pension fund manager after starving birds resorted to cannibalism
Crypto industry prepares for expected wave of demand from banks and asset managers
BoE to scrap limits on lending and treasury activities introduced after the 2008 financial crisis
When the first cryptocurrency, Bitcoin, was proposed in 2008, the goal was simple: to create a digital currency free from banks and governments. Over time, that idea evolved into something much bigger: “decentralized finance,” or “DeFi.”
My new research suggests there is a stubborn pattern in academic publishing. My co-author and I examined some 8,000 articles published in the world’s most reputable economics journals to study citations, which are where academics cite previously published research in their papers. We found papers whose lead author had a Chinese surname received on average 14% fewer citations than comparable papers written by those with a non-Chinese name.