Analysis: Must Read

The Week's Best Reads: As ever, AI, and a Blinking Donald Trump

Hormuz remains the epicenter of the geopolitical world, while AI dominates the economic landscape. For a brief escape, we explore space conquest, cats, Sweden and football.

The Private Credit Pause

HSBC's decision to leave $4bn on the launchpad, revealed by the Financial Times, is more than a tactical delay. It is a telling admission that the private-credit boom, once sold as banking without the...

Kevin Warsh takes the helm of the Fed amid heightened economic tensions

On Wednesday Kevin Warsh was confirmed as Chairman of the US Federal Reserve by the Senate, which approved his nomination by a 54-45 vote. This represents the narrowest margin in modern history for a...

Kevin Warsh Takes the Helm at the Fed Amid Intensifying Economic Strains

Kevin Warsh was confirmed Wednesday by the Senate as chairman of the U.S. Federal Reserve, which approved his nomination by 54 votes to 45. The vote was the tightest in modern history for a Fed chair....

Pictet AM identifies 7 investment megatrends for 2026

Move over Magnificent 7, make way for the 7 Megatrends. In a note published this morning, Pictet AM highlights a series of themes set to underpin global growth in 2026, thereby driving long-term...

Pictet AM Identifies Seven Investment Megatrends for 2026

We knew the Magnificent Seven, now we will have the Seven Megatrends. In a note published this morning, Pictet AM highlights a set of themes expected to support global growth in 2026, and long-term...

Holcim: Cement maker seeks new status

Holcim has long been perceived as a mere cyclical cement manufacturer, exposed to energy costs and carbon quotas. However, since the spin-off of its North American operations, the Swiss group has been...

Tariff Refunds Begin in the US Following Supreme Court Invalidation

The initial wave of refunds related to tariffs struck down by the US Supreme Court has begun reaching affected companies. Several months after the ruling deemed certain taxes implemented by Donald...

Tariff Refunds Begin in the United States Following Supreme Court Invalidation

The first wave of refunds related to tariffs invalidated by the U.S. Supreme Court has begun reaching affected companies. Months after the ruling that found certain taxes introduced by Donald Trump...

Senate confirms Kevin Warsh, bringing Donald Trump closer to a leadership change at the Fed

Kevin Warsh has cleared a decisive hurdle towards the chairmanship of the US Federal Reserve following the Senate's approval of his nomination to the Fed's Board of Governors. The upper chamber...

Senate Confirms Kevin Warsh, Bringing Donald Trump Closer to a Leadership Shift at the Fed

Kevin Warsh has taken a decisive step toward the chairmanship of the U.S. Federal Reserve following the Senate's approval of his nomination to the Fed's Board of Governors. The upper house confirmed...

The Tehran Stock Exchange Faces the Test of War

Surging oil prices, out-of-control inflation, kerosene shortages: more than two months after the start of the conflict, the closure of the Strait of Hormuz is weighing more than ever on Western...

Ceasefire Between Washington and Tehran Faltered by Renewed Tensions

Donald Trump has stated that the ceasefire reached between the United States and Iran is now on life support after receiving an Iranian response he deems totally unacceptable. Speaking from the Oval...

Brussels seeks to tighten state aid rules for air transport

The European Commission is proposing to maintain transitional public support for small regional airports while tightening investment conditions and phasing out certain subsidies for airlines.

Is AI Inflationary or Deflationary?

Artificial intelligence promises a revolution in terms of productivity, leading to a wealthier, more efficient, and perhaps even more solvent economy. However, in the bond markets, this grand promise...

Toward a major SoftBank Group investment in France

According to Bloomberg, Japan's SoftBank Group is considering a major investment in France, worth several billion dollars, for an AI-focused data center project.

Electric Vehicles: Caught between Tesla and China, what choices for Europeans?

Are European automakers carving out a space for themselves between the two global giants, Tesla and BYD?

Ireland's fiscal success faces the risk of over-reliance

Taxation is a classic lever for attracting investment. In Ireland, it has helped transform the national economy, although it has also created a budgetary dependence that is increasingly worrying...

Costco signals firmer US demand, despite high gasoline prices

Costco's April sales figures demonstrate highly resilient and accelerating household consumption in the United States, even after adjusting for calendar shifts, foreign exchange, and gasoline price...