Monday, September 8, 2025
In the wake of the invasion of Ukraine, the United States
and its allies responded with wide-ranging sanctions and export controls
on Russia. What impact have these actions had on Russia’s economy and
its war efforts and have sanctions achieved their intended results? We
learn more from GAO’s Nagla’a El-Hodiri.
Trade diversification—Canada’s strengths, weaknesses and challenges beng Thu, 07/09/2026 – 09:45 EST. READ TIME 4 MIN. Prime Minister Carney has pledged to double Canada’s exports by 2035 and diversify the country’s foreign trade to reduce Canada’s reliance on the United States as a trading partner and destination for exports. There’s broad support for both of…
We thank Henrik Kleven, Jann Spiess, Evan Soltas, and seminar audiences at the CIRANO-CIREQ Workshop on Markets with Frictions 2026, FRB Chicago, Hong Kong University, Institute for Advanced Studies Vienna, Martin-Luther-University Halle-Wittenberg, Princeton, PhD Conference in Economics (Berlin, WZB), Sciences Po, SOLE 2026, Stanford Joint Applied Micro Seminar, UMass Amherst, Wharton, and WZB for useful…
News release The Governor of the Bank of England, Andrew Bailey, has announced that Rhys Phillips will be the next Chief Cashier and Director of Notes. He will take up the role on 19 October 2026. Governor Andrew Bailey said: “Banknotes play a central role in public life. They serve not just as a means of…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 18, 2026 Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company For release at 11:00 a.m. EDT The Federal Reserve Board…
Using 380 trillion tokens of realized AI consumption across more than four hundred large language models from the licensed proprietary OpenRouter dataset covering approximately 2 percent of current global monthly AI token consumption, we analyze how AI affects firms, markets, and workers. Leveraging the unprecedented size, scope and granularity of this data, we construct the…
The Tax Justice Network has banged the drum about the threats posed by trusts for decades. On 21 May 2026, the European Court of Justice has finally joined us. They have published rulings that directly relate to trusts regarding two major risks: secrecy and asset protection. As we set out below, these represent a significant…