Rochelle M. Edge and Dan LiThis paper proposes an approach to enhance the Federal Reserve's readiness to undertake market-functioning asset purchases during Treasury market disruptions.
Colin WeissI examine how governments have managed their holdings of gold and dollar reserves in recent decades, a period when gold’s share of aggregate international reserves rose and the dollar’s share fell. Using data on central banks’ reserve currency composition and official sector purchases of U.S. assets, I argue that gold reserve accumulation is generally not associated with de-dollarization of international reserves at the country level, except in a few prominent cases.
The debate over former deputy prime minister Angela Rayner’s tax arrangements demonstrated that there are few topics more complex than the law of trusts. It was politically awkward, to say the least, when a deputy PM and housing secretary had to admit getting it wrong, and underpaying £40,000 in stamp duty.
Greece’s trade deficit rose by 4 percent year-on-year (YoY) in June, significantly slowing from the 33.6 percent jump in June, according to data released by ELSTAT on Friday.
Greece’s seasonally adjusted (SA) GDP grew modestly in Q2, rising by 0.6 percent quarter-on-quarter (QoQ), from a 0.1 percent increase in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
In April 2025, European countries reacted with shock and confusion to President Donald Trump’s initial tariff announcements on “Liberation Day.” A 90-day reprieve was subsequently granted to EU member states, allowing the European Commission to negotiate a fast-track framework tariff agreement with the Trump administration.
The government is hoping to follow the long build-up to this Saturday’s speech by Prime Minister Kyriakos Mitsotakis at the Thessaloniki International Fair with a public relations blitz as it strives to turn around the decline in its popularity. This poses a challenge for the opposition parties, which have found it difficult to gain a foothold in the political discourse in Greece since New Democracy came to power in 2019.
Tada ImagesA year ago, Google faced the prospect of being dismantled. Today, artificial intelligence (AI) and a new court judgment has helped it avoid this fate. Part of the reason is that AI poses a grave threat to Google’s advertising revenues.
Trade rebounded slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States, data released Thursday showed.
Professor Stephen Blyth has been appointed, and Dr Randall Kroszner reappointed, as external members of the Financial Policy Committee by the Chancellor of the Exchequer, Rachel Reeves
