Is the AI Boom Heading for a Dotcom-Style Bust?
The world's leading forum for central banks warns of a dangerous overheating in the AI boom. Trillions of dollars in investment in…
The Entrepreneur, Not the Price: Weiying Zhang on Economics’ Blind Spot
In an interview with Statement, Chinese economist Weiying Zhang explains why markets cannot be understood through prices alone and…
The Euro Priced Croatian Tourism Out of Its Own Advantage
The tourism industry in Croatia is getting a harsh wake-up call just as peak season begins. Tourists are canceling reservations in…
Who Is Cashing In on Sanctions Against Russia?
Sanctions against Russia have created a billion-dollar business. Greek shipping companies are making a fortune transporting Russia…
UBS Bank Declares: We Are All Swimming in Wealth in 2026
According to the UBS Global Wealth Report for 2025, the world got 11% wealthier last year and added a million millionaires – but a…
Dow Jones Breaks Records Despite War and Weak Yen
The weak Japanese yen, tensions in the Middle East and trade uncertainty have done little to dent a market rally driven by AI, chi…
New EU Tariffs Could Delay Temu and Shein Shipments
Ordering a €2 phone case, a €5 T-shirt or other low-cost items from Asian online marketplaces is about to become noticeably more e…
Buffett Freezes Gates Foundation Donation over Epstein Fallout
Warren Buffett is holding back his usual midyear donation to the Gates Foundation as new court deadlines, congressional subpoenas …
EU Carbon Tariff Deals Fresh Blow to Ukraine's Steel Industry
The EU carbon tariff, intended to protect European manufacturers, is already taking a toll on war-torn Ukraine. Although the mecha…
Heat Waves Are Becoming a Hidden Tax on Europe’s Economy
High temperatures do not affect everyone equally. Field workers, households without air conditioning and unprepared businesses pay…
AI Is Starting to Siphon Off Capital as Memory Manufacturers Win
Wall Street is beginning to question whether trillion-dollar investments in artificial intelligence will turn into profits any tim…
France’s Debt Trap Tightens as Borrowing Tops €3.5tn
French debt is breaking records. Yet without a political majority, Paris has little room to confront a state that has grown used t…
AI Gets a Cold Shower, but Micron Saves the Tech Sector
Markets were rattled by doubts over artificial intelligence valuations, a stronger dollar and the prospect of higher US interest r…
Canada’s Immigration Growth Illusion
Canada’s headline GDP kept growing while living standards barely moved. Economists say the country’s experience offers Europe a wa…
The EU's New GMO Rules: What They Mean for the Future of Food
After three years of negotiations, the European Union has voted to ease restrictions on new genetically modified foods, a decision…