A clear-eyed view of past experience shows that where wealth taxes have been tried, they have usually been abandoned—and for good reason. As policymakers in California, New York, France, and elsewhere revisit this old idea, they should heed the lessons of this history. MADRID—Around the world, wealth taxes have become a major topic of political…
Tomorrow, why the oil market is set to explode and the ongoing drought will cause food shortages in the shops. But first – time for something completely different. 70% of people feel the world is getting worse only 4% think it is getting better, and it’s hardly surprising when you turn on the news or…
Introduction US companies are projected to invest trillions of dollars in artificial intelligence (AI) over the next several years. Goldman Sachs recently estimated that capital expenditures from just a few US AI “hyperscalers” will reach $581 billion in 2026 alone. Some, though not all, of this investment will go toward the buildout of data centers—physical…
24 June 2026 Biennial report assesses progress towards euro adoption in Czech Republic, Hungary, Poland, Romania and Sweden Countries under review show economic resilience to external shocks but still face obstacles on road to euro adoption Mixed inflation trends, with fiscal situation deteriorating in most countries Legislation in all five countries not fully compatible with…