Category: Finance

In a major financial lifeline, China has rolled over $3.4 billion in commercial loans to Pakistan, helping the country meet a key foreign reserves target set by the International Monetary Fund (IMF), a senior finance ministry source confirmed Sunday. The support includes the rollover of $2.1 billion that has remained with Pakistan’s central bank for […]

Twenty-five years ago, “The Perfect Storm” roared into movie theaters. The disaster flick, starring George Clooney and Mark Wahlberg, was a riveting, fictionalized account of commercial swordfishing in New England and a crew who went down in a violent storm. The anniversary of the film’s release, on June 30, 2000, provides an opportunity to reflect […]

Global energy markets, such as those for oil, gas and coal, tend to be sensitive to a wide range of world events – especially when there is some sort of crisis. Having worked in the energy industry for over 30 years, I’ve seen how war, political instability, pandemics and economic sanctions can significantly disrupt energy […]

Warsaw, Poland – June 27, 2025 – The European Bank for Reconstruction and Development (EBRD) has extended a PLN 300 million (€70 million) Sustainability-Linked Loan to Światłowód Inwestycje (S-I), Poland’s largest wholesale-only fibre infrastructure operator, to support its network expansion in semi-urban areas and to refinance existing debt. The financing is part of a broader […]

What does it take to lead through complexity, make tough decisions and still put people first? For me, the answer became clear during a defining moment early in my career – one that changed my path entirely. Today I am a business-school educator, but I began my career in the corporate world. I faced a […]

When the online review platform Yelp added a “Black-owned” tag in 2020, it boosted the visibility of Black-owned restaurants in Detroit. It also caused their ratings to drop, according to our recent study. Both local and nonlocal reviewers who showed awareness of a restaurant’s Black ownership rated restaurants 3.03 stars on average. Those who did […]

Twenty-five years ago, “The Perfect Storm” roared into movie theaters. The disaster flick, starring George Clooney and Mark Wahlberg, was a riveting, fictionalized account of commercial swordfishing in New England and a crew who went down in a violent storm. The anniversary of the film’s release, on June 30, 2000, provides an opportunity to reflect […]

The word “reconciliation” sounds benign, even harmonious. But in Washington, D.C., reconciliation refers to a potent legislative shortcut that allows the party in power to avoid opposition and enact sweeping changes to taxes and spending with a simple majority vote. Democrats used the process to pass the Inflation Reduction Act in 2022. Reconciliation helped Republicans […]

The United States is trying to decouple its economy from rivals like China. Efforts toward this include policymakers raising tariffs on Chinese goods, blocking exports of advanced technology and offering subsidies to boost American manufacturing. The goal is to reduce reliance on China for critical products in hopes that this will also protect U.S. intellectual […]

U.S. charitable giving increased 3.3% to US$593 billion in 2024, lifted by the strength of the economy. The annual report from the Giving USA Foundation, produced in partnership with the Indiana University Lilly Family School of Philanthropy, found that this was the second-highest level on record after adjusting for inflation. Giving grew at the fastest […]