Chapter News, News, Uncategorized

ECB | From Headlines to Hard Data: Mapping the Uneven Impact of Geopolitical Risk in Europe

ECB Blog post by Martin Bijsterbosch, Matteo Falagiarda and Lucia Žídeková | Geopolitical tensions such as the war in Ukraine have shaken Europe’s economies. Understanding the economic impact of such shocks is crucial for monetary policy. This ECB Blog post presents a news-based indicator that tracks country-level geopolitical risk. Geopolitical tensions around the world have increasingly affected European economies and slowed down growth. Armed conflicts and other tensions between states and political actors can disrupt supply chains, heighten uncertainty, weigh...

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Barnes & Thornburg | J-1 Visa Holders: Options and Alternatives to the H-1B

In today’s competitive immigration landscape, the H-1B visa often dominates conversations around employment-based pathways. However, the J-1 Exchange Visitor Program offers a dynamic and underutilized avenue for international professionals to gain meaningful U.S. experience, build skills, and contribute to global workforce development. Hosted by Barnes & Thornburg, this informative video session was designed specifically for U.S. immigration attorneys seeking to expand their strategic toolkit for advising clients. It explores how the J-1 visa can serve as a high-impact option for...

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European Commission | EU supports the clean transition with over €358 million of investment in 132 new projects across Europe

The Commission has granted today more than €358 million to 132 new projects across Europe under the LIFE Programme for environment and climate action. The allocated amount represents more than half of the €536 million total investment needs for these projects – the remainder coming from national, regional and local governments, public-private partnerships, businesses, and civil society organisations. LIFE projects play a significant role in the EU's transition to a clean, circular and resilient economy, helping safeguard and restore the EU's biodiversity, supporting industrial...

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Financial Stability Board | G20 Roadmap for Cross-border Payments: Consolidated progress report for 2025

Despite significant progress, efforts have not yet translated into tangible improvements for end-users at the global level. In 2020, the G20 launched a Roadmap to make cross-border payments faster, cheaper, and more transparent and inclusive. To give ambition and accountability to the Roadmap’s goals, in 2021, the G20 endorsed a set of global quantitative targets, most of which are set for end-2027. To more effectively monitor progress, the annual progress report has been combined with the report on key performance...

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World Bank | Extreme Poverty is Rising Fast in Economies Hit by Conflict, Instability

Development Setbacks Mount as Frequency of Conflict Surges to 25-Year High WASHINGTON, June 27, 2025—Conflict and instability are taking a devastating toll on the 39 economies afflicted by them, driving up extreme poverty faster than anywhere else, intensifying acute hunger, and pushing several key development goals farther out of reach, according to the World Bank’s first comprehensive assessment of their plight in the aftermath of COVID-19. As conflicts have become more frequent and deadly in the 2020s, these economies are falling...

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ECB | US financial conditions and their link to economic activity: the role of equity valuations

Prepared by Cajsa Klass and Ana-Simona Manu Financial conditions matter for economic activity and inflation. Financial conditions indices (FCIs) provide a consolidated measure of how easily and cheaply households, firms and governments can access financing, which in turn influences spending and investment decisions across the economy. Various FCIs have been proposed by practitioners and scholars. These differ in specification and scope, but typically include key financial variables such as interest rates, equity prices, corporate bond spreads and exchange rates. Central banks, for...

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World Bank | Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets

WASHINGTON, June 10, 2025—Carbon pricing revenues exceeded $100 billion in 2024, according to a new World Bank report released today. Over half of this revenue generated for public budgets was earmarked for environment, infrastructure, and development projects, representing a slight increase from previous years. The report—State and Trends of Carbon Pricing 2025—notes that there are now 80 carbon pricing instruments in operation worldwide, a net increase of five over the past year. The report shows that all large middle-income economies have now...

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ECB | The euro area bond market

Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Government Borrowers Forum 2025 Dublin, 11 June 2025 I am grateful for the invitation to contribute to the Government Borrowers Forum. I will use my time to cover three topics. First, I will briefly discuss last week’s monetary policy decision. Second, I will describe some current features of the euro area bond market. Third, I will outline some innovations that might expand the scope for euro-denominated bonds to...

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ECB | Reading the market’s pulse: monitoring investors’ risk appetite

Blog post by Benjamin Böninghausen and Florian Hartmann | Geopolitical tensions and trade policy uncertainty are injecting unpredictability into global financial markets. What seems like rock-solid market sentiment today can turn into jitters tomorrow. In this ECB Blog, we present a new risk appetite indicator to systematically track such shifts in market sentiment. Market swings – important beyond the trading floor Central banks need to keep an eye on market sentiment as it signals what investors think about the future. Investors’...

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ECB | Worrying about war: geopolitical risks weigh on consumer sentiment

Blog post by Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko, Geoff Kenny and Justus Meyer | Military and diplomatic conflicts harm economic growth. This ECB blog shows that the expected length of wars matters for how strongly they weigh on consumer sentiment. Geopolitical tensions not only distress financial markets, but they can also make consumers worry about their personal financial future and the economy at large. Data from the ECB’s Consumer Expectations Survey (CES) suggests both notable concerns about geopolitical tensions and signs of deteriorating...

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