Economy

Current account balances were long regarded as a technical outcome of the international division of labor. This view has become too narrow. China can leverage its position in industrial supply…

The most powerful AI models can no longer merely explain program code or flag individual security vulnerabilities. They are increasingly capable of developing exploits, linking multiple attack…

There are moments in the history of economics when an entire field of research emerges from an almost casual remark. In the case of Harry Max Markowitz, the story does not begin on the stock…

The Bank for International Settlements (BIS) does not tell a simple crisis story in its Annual Economic Report 2026. The report opens with a seemingly reassuring observation: despite major tariff…

There are moments when a thinker’s entire worldview becomes apparent in just a few minutes. There are moments when a thinker’s entire worldview becomes apparent in just a few minutes. One such…

In the history of probability theory, there are few statements that sound as simple and yet pack as much of a punch as this one: "Probability does not exist." You hear it and almost inevitably…

London, on a cold evening in the early decades of the 18th century. In a coffeehouse, amid clouds of tobacco smoke, newspapers, and the restless murmur of merchants and scholars, a gaunt man with…

In 'The Dark Pattern', Guido Palazzo and Ulrich Hoffrage examine the hidden dynamics of corporate scandals. The book does not start with the convenient explanation that scandals are primarily the…

There are certain historical scenes that seem almost too good to be true – and yet, precisely for that reason, they reveal something essential about an era. One such scene takes place in…

An actual article by Farhad Khakzad argues that the Strait of Hormuz is not merely a narrow maritime route for oil shipments, but a strategic fault line where energy security, military power,…

A cool evening in Basel, at the end of the 17th century. In a study, Jakob Bernoulli sits hunched over columns of numbers. Before him lie records of coin tosses – hundreds, perhaps thousands of…

Commerzbank is not a takeover target today because it is too strong. It is one because, despite respectable metrics, it has for too long been managed strategically below its potential. UniCredit…

When the United Kingdom reached a debt ratio of around 100 percent of gross domestic product in the autumn of 2022 and at the same time yields on British government bonds surged within a matter…

The global economy is entering a phase of heightened fragility. While a complete collapse has been avoided in recent months, momentum has clearly stalled. Coface forecasts global growth of just…

As of summer 2025, the global economy is under immense strain. While many countries strive to recover from the economic and social aftermath of the COVID-19 pandemic, geopolitical conflicts,…

In early 2024, British engineering giant Arup, known globally for its involvement in the renovation of the Sydney Opera House, fell victim to a meticulously orchestrated deepfake attack. A…

As of spring 2025, Europe finds itself at a critical juncture, caught between internal economic fragilities and escalating global geopolitical tensions. The resurgence of US protectionism under…

The study "Frontier AI systems have surpassed the self-replicating red line" published a few weeks ago reveals alarming developments in the field of artificial intelligence (AI). The authors of…