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The race is on to secure alternative routes for both Gulf fossil fuels and clean energy. This article appears in the July/August 2026 issue of Global Finance Magazine. More than 30 years after the first Gulf War, it seemed unlikely, if not unthinkable, that images of burning oil facilities would once again make headlines in…
America was born in war. The American Revolution and subsequent constitution of the newly-formed United States reflected some of the key ideas of liberalism—natural rights, government by consent, and limits on state power. The Revolution, however, was just the beginning of war as part of the American identity. Between 1798 and 2023, the United States…
We thank Aisha Alsayegh, Jared Fung, Tam Le, Bingbin Li, Duong Luu, Roldan Enamorado and Nguyen Hai Thanh for excellent research assistance and Mr. Nguyen Viet Phong at the General Statistics Office Vietnam and Kyle Butts, Edmund Malesky, David McKenzie, and Jeff Zabel for helpful discussions. McCaig and McMillan thank the Private Enterprise in Low-Income…
Transcript Sky News – Governor, you’ve held interest rates where they are when we’ve had some more positive news round inflation, oil prices are coming down. It feels like a rosier picture, but you’re still pretty cautious?Governor Andrew Bailey – Well, we have had encouraging news. I mean, I’m very encouraged. You know, we’ve obviously…
Gold at risk of another selloff as a crucial US CPI report looms amid renewed US-Iran crisis !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Comparing Vanguard Long-Term Corporate Bond ETF (VCLT 0.22%) and Vanguard Long-Term Treasury ETF (VGLT 0.26%) highlights a choice between the high credit safety of sovereign debt and the yield premium offered by investment-grade corporate bonds. Both funds serve as long-duration anchors, focusing on fixed-income maturities between 10 and 25 years. While VGLT holds sovereign debt…