Business
December 12, 2025
Katharina Pistor | Creative destruction should not spare commercial banks
Money is an enigma. But if there is one thing we know for sure, it is that money begets money. The best way to make more of it is to control the money-making machine, as traditional banks have done…
December 12, 2025
Andrés Velasco | Why is Europe so wimpy?
With the United States unhinged, China increasingly authoritarian, and Russia in full Dr Evil mode, the world desperately needs a good guy to believe in. There is only one candidate for the job:…
December 12, 2025
Şebnem Kalemli-Özcan | Financial investors can’t profit from complacency forever
While many Americans and US allies recoil at the accelerating regime change under President Donald Trump, financial markets remain curiously calm. Equity indices continue to hover near record highs,…
December 12, 2025
Trump lowers tariff on China
President of the United States Donald Trump described his face-to-face with President of China Xi Jinping on Thursday as a roaring success, saying he would cut tariffs on China, while Beijing had…
December 12, 2025
China pivoting to electric trucks, with implications for global LNG, diesel demand
China is replacing its diesel trucks with electric models faster than expected, potentially reshaping global fuel demand and the future of heavy transport. In 2020, nearly all new trucks in China ran…
December 12, 2025
Yum Brands considering sale of Pizza Hut chain
Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said on Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza…
December 12, 2025
by Angus Armstrong and Dennis Snower
Armstrong and Snower | The stablecoin threat
Stablecoins are on the rise in global finance, promising to facilitate faster and cheaper payments and lead a wave of financial innovation. But what if that wave erodes governments’ control over money…
December 12, 2025
Sam Bankman-Fried appeals fraud conviction, court to rule later
Federal appeals court judges in Manhattan reacted sceptically Tuesday when a lawyer for once high-flying cryptocurrency entrepreneur Sam Bankman-Fried argued that his fraud conviction was unfair and…
December 12, 2025
Ricardo Hausmann | Will AI democratise access to equity financing?
Economists around the world are rightly focused on how AI will reshape labour markets. But the next decade’s most consequential shift may unfold in a different market altogether: equity. By…