When senior staff buy their own company's shares during layoffs, they're signaling that a turnaround will succeed. AP Photo/Richard DrewIt’s a mantra among business executives that slashing their workforce will streamline operations and increase productivity – a strategic boost to the bottom line.
When senior staff buy their own company's shares during layoffs, they're signaling that a turnaround will succeed. AP Photo/Richard DrewIt’s a mantra among business executives that slashing their workforce will streamline operations and increase productivity – a strategic boost to the bottom line.
Andy Burnham’s long held ambition to be the UK’s prime minister will come with some daunting economic challenges.
Productivity growth is at a virtual standstill, real incomes have stagnated and the cost-of-living crisis has become a permanent fixture for many households. Meanwhile, the government spends around £110 billion a year paying the interest on nearly £3 trillion of debt.
Burnham says he is on a “10-year mission” to transform the country. So what might he do to try to fix the British economy?
Trade tensions between the EU and China are deepening. On June 16, the EU’s trade chief, Maroš Šefčovič, said the bloc’s unbalanced trade relationship with China “had reached a point that requires a reset”. The German chancellor, Friedrich Merz, then criticised Beijing days later for what he claimed were its unfair trade practices.
Rescue workers carry a person on a stretcher in Caracas following an earthquake in Venezuela on June 24, 2026. Juan Barreto/AFP via Getty ImagesFor a country already facing serious humanitarian needs, the two powerful earthquakes that shook Venezuela on June 24, 2026, have made life even harder.
Luca Guerrieri, Jinill Kim, and Arsenii MishinWithin narrowly defined industries, the most productive firms produce far more than the least productive from the same inputs, and this dispersion widens in downturns. We build a tractable representative-agent model in which financial frictions—adverse selection and moral hazard—make firms sort endogenously into lenders, strategic defaulters, and producers.
The U.S. is falling short of what its national wealth makes possible for its people.
As tourists prepare to pack their suitcases for a summer trip, decisions about how to be a green holidaymaker increasingly involve how to move around the resort or city, as well as how to get there.
Walking and cycling are still regarded as the most sustainable ways to explore holiday destinations. They reduce emissions, improve health and wellbeing and allow visitors to engage more closely with local places.
Many of Cuba's gas stations, like this one seen in 2014, originally belonged to the company that is now Exxon Mobil.
Today marks a major milestone in the modernisation of the UK's payments landscape, with the Retail Payments Infrastructure Board (RPIB) launching a consultation on the future design of the UK's next-generation retail payments infrastructure.
