THE baroque era in Turkish architecture lasted deep into the 19th century, leaving behind lavish buildings, such as the Lily Mosque in Istanbul and waterside pavilions that seem to float on the Bosphorus. The baroque period in Turkish monetary policy will last until June 1st, when the central bank will simplify its equally ornate monetary-policy […]
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DIVINING meaning in the Trump administration’s trade announcements is a thankless task. No sooner does a policy seem settled than it is thrown up in the air once more. On May 23rd, days before a scheduled meeting with the European Union and Japan on a joint trade strategy and in the middle of talks to […]
Read moreIT IS a classic startup story, but with a twist. Three 20-somethings launched a firm out of a dorm room at the Massachusetts Institute of Technology in 2016, with the goal of using algorithms to predict the reply to an e-mail. In May they were fundraising for their startup, EasyEmail, when Google held its annual […]
Read moreThe larger the lottery reward a lucky gambler collects, the more likely his or her neighbors are to file for bankruptcy, according to a new working paper from the Philadelphia Federal Reserve that sought to find analytical backing for the “keeping up with the Joneses” theory. The research found that social pressure to compete with […]
Read moreCurrency, United States Finance
The European Commission (EC) has angrily reacted to news that the United States will impose steel and aluminum tariffs on Canada, Mexico and the European Union (EU). U.S. Commerce Secretary Wilbur Ross announced at a news briefing Thursday that tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect […]
Read morePotential homebuyers out shopping in April may have been spooked by a sharp rise in mortgage interest rates. Pending home sales, which measure signed contracts to buy existing homes, fell a wider-than-expected 1.3 percent compared to March, according to the National Association of Realtors. It was the third lowest level of the past year. Pending […]
Read moreThe Trump administration will put tariffs on steel and aluminum imports from Canada, Mexico and the European Union, the latest action in a string of protectionist policies to crack down on alleged trade abuses. The tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect at midnight Thursday, Commerce […]
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Gender equality in the workplace may be showing signs of improvement, but a report published Thursday has revealed just how much is left to be done. The study, backed by the British government, revealed 10 of the “worst explanations” that researchers heard given for not employing women to the boards of the U.K.’s largest companies. […]
Read moreThe rise of artificial intelligence and more automation has many worried about job security. Automation has already profoundly changed the way we do our jobs today, especially in manufacturing. So what will happen to jobs as artificial intelligence evolves — enabling computers to analyze large amounts of data and formulate investment decisions, answer simple customer […]
Read moreCurrency, United States Finance
President Donald Trump is hoping to block German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche. Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of stopping […]
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