U.S. tariffs mix security aims with bargaining, causing confusion. Allies hedge by shifting trade and investment toward China and cheaper energy, blunting U.S. leverage Policy needs clear, separate g…

The UK–India pact swaps targeted tariff cuts for larger services and mobility gains Phased quotas protect adjustment while amplifying each side’s comparative strengths Biggest risk: an EU–India deal;…

Bitcoin’s value stems from settlement utility, not cash flows Institutional demand and fees support this role It is better seen as a monetary asset than a Ponzi In its first year on the market, U.S. …

Bitcoin’s value stems from settlement utility, not cash flows Institutional demand and fees support this role It is better seen as a monetary asset than a Ponzi In its first year on the market, U.S. …

Bitcoin’s value stems from settlement utility, not cash flows Institutional demand and fees support this role It is better seen as a monetary asset than a Ponzi In its first year on the market, U.S. …

Bitcoin’s value stems from settlement utility, not cash flows Institutional demand and fees support this role It is better seen as a monetary asset than a Ponzi In its first year on the market, U.S. …

Search behaves like reinforcement learning, rewarding confirmation Narrow queries and clicks shrink exposure at scale Break the loop with IV-style ranking and teach students to triangulate queries Th…

Search behaves like reinforcement learning, rewarding confirmation Narrow queries and clicks shrink exposure at scale Break the loop with IV-style ranking and teach students to triangulate queries Th…

AI’s IMO gold isn’t AGI Deploy it as an instrumented calculator Require refusal metrics and proof logs In July 2025, two advanced AI systems achieved "gold medal–level" results in the International…

AI’s IMO gold isn’t AGI Deploy it as an instrumented calculator Require refusal metrics and proof logs In July 2025, two advanced AI systems achieved "gold medal–level" results in the International…

(Replace this first paragraph with a brief description of your new category. This guidance will appear in the category selection area, so try to keep it below 200 characters.) Use the following parag…

(Replace this first paragraph with a brief description of your new category. This guidance will appear in the category selection area, so try to keep it below 200 characters.) Use the following parag…

(Replace this first paragraph with a brief description of your new category. This guidance will appear in the category selection area, so try to keep it below 200 characters.) Use the following parag…

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspir…

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspir…

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspir…

This article was independently developed by  The Economy editorial team and draws on original analysis published by East Asia Forum. The content has been substantially rewritten, expanded, and refram…

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspir…

This article was independently developed by  The Economy  editorial team and draws on original analysis published by East Asia Forum. The content has been substantially rewritten, expanded, and refra…

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspir…