Financial

Tariffs may work for semiconductors, but they fail as a broad industrial policy Volatile tariff revenue signals deeper economic and institutional costs Punishment-based trade erodes trust that long-term investment needs

Trump Ally Myron Calls for More Than a 100-Basis-Point Rate Cut This Year Fed Officials Lean Toward Caution, Weighing Inflation and Labor Market Conditions Concerns Mount That President Trump’s Political Pressure Could Amplify Uncertainty Stephen

New Record High Reached Again Just Six Sessions After Surpassing $12,000 AI Data Centers and Power Grid Demand Underpin Prices Big Tech–Driven Demand Remains Resilient Despite Rising Prices, Rally Expected to Continue Copper prices have hit an

Korean Shipbuilding assets pile up in M&A market, but deals move slowly MASGA hopes and the supercycle inflate valuations, raising acquisition burden Capex pressure, Japan’s catch-up and other risks remain piled up K

U.S. invasion of Venezuela unlikely to have major short-term impact on global oil prices Despite holding the world’s largest reserves, output accounts for just 1% as infrastructure collapse and U.S.

The neutral interest rate is rising Borrowing costs for education will stay higher Hedge risk and fund only projects with fast, proven payback In 2025, the U.S.

Six consecutive half-years of declining hiring, deepening employment contraction among SMEs Exports hit $700 billion, yet semiconductor dependence remains entrenched Chinese offensive erodes manufacturing competitiveness, heightening urgency for corporate restructuring

December FOMC deepens internal Fed rift over whether to cut rates Judgment grows opaque as polarization runs through the U.S.

Stablecoin regulation is about making token money behave like deposits in a crisis The open transaction layer is the main weak point If it stays weak, bank-issued tokenized deposits will win In mid-November 2025, the total amo

Rising interest costs make France’s sovereign debt sustainability a school budget problem Higher defence pressure tightens the squeeze on education Italy shows credible fiscal plans can restore sovereign debt sustainability without wrecking schools

Housing wealth losses are squeezing education budgets Cuts hit “extras” first, widening gaps fast Schools need funding buffers and lower pressure According to research, a 10% change in home values can predict a 1.6% chan

Credit and payment guarantees aligned with sovereign currencyStablecoins excluded from the official policy track

SoftBank buys DigitalBridge for $4B, accelerating expansion of its AI infrastructure portfolio Google also moves into infrastructure M&A to secure priority access to power and land Private markets turn more optimistic, with the AI infrastructure investment boom set to accelerate

Korean regulators and parliament move in tandem to strengthen CISO authority at financial firms Repeated hacking and data breaches fuel growing consumer concerns Financial sector revamps security systems, but market says “lenient penalties are the real problem”

Two-thirds of companies plan workforce cuts or freezesGrowth increasingly driven by technology, not labor

Local-Government Debt Expansion Amid a Property Downturn China’s “Lost Decades” Risk Intensifies China’s Debt Ratio Breaks Above 300% of GDP for the First Time China’s local governments are sharply ramping up issuance of asset-backed

Limited FX-Market Reaction Despite BOJ Policy-Rate Hike Last Week Global IB Warning of Large-Scale Liquidation Risk on Early-Year Yen Appreciation Entrenchment of Yen Carry Capital Amid Persistent Early-Year Yen Weakness Despite the Bank of Japan’s

“Dollars must return home, listings under review”Expanded control scope steers firms toward Hong Kong listings

China’s Debt Ratio Climbs to 302.3% by End-September, Liabilities Top 400 Trillion Yuan Surge in Local Government Debt and Deflation-Driven Nominal Growth Slowdown Push Ratio Higher Authorities Move on Debt Rollovers and Demand Stimulus, but Doubts Linger Over Short-Term Impact

2022 proved the nonlinear Phillips curve under tight labor Use two-speed budgets: inflation >4% and v/u >1 trigger Teach regime-switching to keep small misses small After the pandemic, inflation surged: in Europ