Category
3 articles
EconomyRobert E. Hall of Stanford University and Michael Woodford of Columbia University have won this year’s Nobel-memorial prize in economics. The Royal Swedish Academy of Sciences honoured them “for microeconomic foundations of macroeconomic stabilisation.” In plain words: they showed governments and central banks how to calm an economy that is overheating or sliding into recession.
BusinessOil prices fell sharply after Iran announced that the Strait of Hormuz would remain fully open to commercial shipping throughout the ceasefire period. Brent crude dropped to around $88 per barrel, down from above $98 earlier in the day. The strategic waterway, linking the Gulf to the Arabian Sea, handles roughly 20% of global oil
BusinessU.S. President Donald Trump has confirmed that Washington has agreed to a two-week suspension of planned military strikes on Iran. The pause follows high-level discussions involving Pakistan’s Prime Minister Shehbaz Sharif and Army Chief Asim Munir, who have played a central mediation role. The White House stated that Trump had been briefed on Pakistan’s ceasefire
