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What the New UK Chancellor Means for the UK Economy by Mohamed A. El-Erian
By appointing John Healey as chancellor of the exchequer, British Prime Minister Andy Burnham has taken a calculated risk. If Healey can leverage his insider knowledge of the Treasury, pursue a bold, pro-growth agenda, and manage his defense-spending instincts, he may be able to provide the structural shake-up the UK economy needs. NEW YORK—The United…
U.S. military says it completed latest round of strikes against Iran
U.S. Navy warships transit the Arabian Sea in close formation as CENTCOM forces continue to promote regional security and stability, June 30, 2026. Source: US Navy The U.S. military said early Saturday it ended a seventh straight night of strikes against Iran, as Kuwait and Bahrain reported attacks by Iranian projectiles and commercial shipping continued…
South Korean Won: BoK hike and semiconductor volatility – BNY
BNY’s Geoff Yu highlights a hawkish 25bp hike by the Bank of Korea (BoK) to 2.75%, with guidance that Gross Domestic Product (GDP) and core inflation will exceed earlier forecasts. Authorities are also tightening rules on single-stock leveraged ETF/ETN products to curb speculative leverage in memory chip names. Asian semiconductor stocks, including SK Hynix and…
Women in the Platform Economy: Descriptive Evidence from Drivers in India and Indonesia — by Achyuta Adhvaryu, Levina Adiputri, Valentina Brailovskaya, Priyanka Dua, Jenny Susan John, Pratibha Joshi, Terry Muthahhari, Rivandra Royono, Jack Thunde
We provide descriptive evidence on women’s experiences in platform-based driving and delivery work using survey and administrative data from India and Indonesia. Partnering with major two-wheeler platforms, we study representative samples of drivers, oversampling women to examine gender differences (India: 404 women, 2,153 men; Indonesia: 892 women, 2,114 men). Female participation is extremely low —…
SK Hynix falls amid Asia tech rout, tracking U.S. semiconductor losses
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Tuesday, June 30, 2026. SeongJoon Cho | Bloomberg | Getty Images Asian semiconductor stocks tumbled Thursday, as a sell-off in U.S. chipmakers spilled into the region, with SK Hynix continuing to see massive volatility since its U.S. listing last week. Shares of…
Will Trump’s War With Canada Become Global? by Vera Songwe
For the first time, a great power has moved to price transboundary climate-driven harms–massive wildfires–and extract compensation unilaterally. What was previously a development, insurance, or emissions-accounting issue is now a security and trade dispute between two G7 economies, setting a precedent that others may try to follow. WASHINGTON, DC—Starting in mid-December 2025, southern Africa…