Firms will benefit from reduced costs and greater flexibility and find it easier to comply with the Senior Managers and Certification Regime (SM&CR), following reforms set out today by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). The changes, which come as the first phase of a multi-stage package of reform from Government…
Two different reads on the housing market released Thursday point to the same problem, one that appears to be getting worse. Housing is just too expensive — to own and to build. Pending home sales in June, a measure of signed contracts on existing homes, fell 5.4% from May, according to the National Association of…
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…
Boeing (BA 0.95%) delivered 64 jets in June, four more jets than it delivered in May and the same month last year. The number is part of the company’s 314 jet deliveries in the first half of 2026. Its commercial delivery performance is a good sign of its financial recovery. Pushing out this volume of…
Copy Citation Achyuta Adhvaryu, Smit Gade, Piyush Gandhi, Teresa Molina, and Anant Nyshadham, “Organizational Incentives and the Returns to Technology Adoption,” NBER Working Paper 35445 (2026), https://doi.org/10.3386/w35445. Copy to Clipboard Download Citation
News release Under plans in a consultation published today, funded reinsurance – which involves UK life insurers paying a large up-front premium to a reinsurer in return for future payments – would be treated more like other investments that UK life insurers hold, ending a regulatory inconsistency. As a result, UK life insurers using funded…
Constraints on Russia’s refining system have added to the existing crisis, strategists at J.P. Morgan said.
President Donald Trump (L) and Sen. Elizabeth Warren (D-MA). Reuters | Getty Images Sen. Elizabeth Warren, D-Mass., said Thursday that the Trump administration’s overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion so far, the latest Democratic critique of sweeping changes made to the agency. In a report shared first…
Image: Jamie Street/Unsplash The fourth in a series of extracts from Global Government Forum’s new study on future-proofing digital capability examines how a strong technical workforce alone is not enough – leadership is increasingly critical to digital delivery The Future-proofing government digital capability study, led by Kevin Cunnington, executive advisor at GGF and former director general of…
Veteran venture capitalist Tim Draper weighs in on the AI bubble and four huge opportunities he missed.