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Stars and Steel: U.S. Funds Emerge as Front-Runners for Italy’s Ex Ilva
Ten bids land on the commissioners’ desk; only two aim to buy the whole group—Bedrock Industries and a Flacks Group consortium with Steel Business Europe—setting up an all-American showdown. ROME—Italy’s long-saga sale of the former Ilva steel empire reached a…
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Taiwan Blinks on Chip Leverage: Taipei Suspends South Africa Export Curbs After Diplomatic Salvo
A two‑day experiment in ‘silicon statecraft’ reveals both the power—and limits—of using semiconductors as a geopolitical weapon TAIPEI/JOHANNESBURG — Taiwan has suspended planned export controls on semiconductors bound for South Africa, halting an unprecedented foray into what analysts have dubbed…
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The 100% Drug Tariff Shock: How a Sudden White House Move Ripples Through Global Pharma and U.S. Patients
Effective October 1, the administration’s tariff on branded pharmaceutical imports jolts trade partners, rattles markets, and tests America’s drug supply chain—while exemptions and caps sow confusion. Washington, D.C. — The White House’s abrupt decision to levy a 100% tariff on…
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A $14 Billion Split: Inside the Trump-Era Deal to Carve Out TikTok’s U.S. Business
Why the price is so low, who gets control, and what the 120-day runway means for users, creators, and geopolitics WASHINGTON — TikTok’s long-running collision course with Washington reached a decisive turn this week, as President Donald Trump signed an…
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Overtime, Delays, and Discrimination: Inside the Precarious Reality Behind Apple’s New iPhone
A leading labor rights group alleges excessive overtime, wage withholding, and discriminatory hiring at a key Chinese factory assembling Apple’s latest iPhone At the height of the late‑summer production rush for Apple’s newest iPhone, a leading labor rights organization says…
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Guardrails Under Strain: How Independent Is the Federal Reserve—And How Does It Compare?
As fresh political attacks test the Fed in September 2025, the U.S. central bank’s autonomy looks robust in practice but soft in statute compared with the ECB and others. For a generation, economists, market participants, and many elected officials have…
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The Equation Obsession
Rethink required: Why economists became enamoured of mathematics—and what, if anything, the numbers are good for For more than a century, economics has been inching closer to mathematics—first cautiously, then all at once. From post‑war general equilibrium proofs to the…
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Goolsbee Warns Fed Against Rushing Into Rate Cuts as Inflation ‘Heads the Wrong Way’
Chicago Fed chief says a softer jobs market isn’t recessionary, urging policymakers to resist front‑loading easing while inflation proves sticky WASHINGTON – A top Federal Reserve official is urging caution on interest‑rate cuts, warning that a soft patch in hiring…
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Undoing the Irreversible: Circle’s Push to Allow Stablecoin Refunds
Why the world’s No. 2 stablecoin issuer is testing ‘reversible’ USDC flows—and what it means for crypto, payments, and policy In a move that challenges one of crypto’s founding orthodoxies, Circle—the issuer of the USDC stablecoin and the world’s second‑largest…
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TenneT Germany Targets up to €10bn in Private Placement, Paving Way for Possible Berlin Buy‑In
Dutch state-owned grid operator moves to shore up capital and reset valuation as Germany reconsiders a strategic minority stake Dutch state-owned power grid operator TenneT’s German subsidiary is preparing to raise as much as €10 billion through a private placement…
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