Is Switzerland headed for a crisis?

Six months of data since the Busan Accord shows China shipped the world more rare earth magnets than in any of the previous four years. A year earlier, China had threatened to restrict rare earth supply altogether. This briefing examines how those...

The proposed US-China Board of Trade failed to materialise at the May 2026 Trump-Xi summit. Statements by US officials now place the initiative in sharper relief. On examination, its scale is modest, its institutional necessity is unclear, and the...

Switzerland has reached an uncomfortable conclusion: that UBS has become too large for the state to comfortably stand behind. The government’s plan to force the bank to hold roughly $20 billion more in capital is an attempt to close that gap, even...

As the United States proposes a bilateral Board of Trade to govern its commercial relationship with China, the empirical record of managed trade arrangements that the United States negotiated with Japan in the 1980s provides a relevant precedent. ...

This paper investigates why firms facing identical carbon-pricing incentives exhibit heterogeneous decarbonization trajectories. We address this question through a theoretical framework that conceptualizes national institutional quality and innova...