Author: Press Room

Sweden’s Riksbank is sometimes accused, only half in jest, of awarding the Nobel memorial prize for economic research decades after the research in question actually made a difference. One could be forgiven for wishing the accusation were true today. The work that the 2022 prize honours — runs on financial institutions, the damage they do, and how to prevent them — remains depressingly timely.The laureates — former Federal Reserve chair Ben Bernanke, and economics professors Douglas Diamond and Philip Dybvig — have demonstrated the fundamental role banks play in the economy and above all the role they play when things…

No one wants to run out of money before they die. But making sure your nest egg will last is a challenge because you’re dealing with a lot of unknowns: How long will you live? Will you face costly health crises? How will the market and the economy perform while you’re in retirement? That makes it difficult to figure out how much you can take every year from your portfolio and not outlive your money. But there are various rules of thumb to help you gauge a sustainable withdrawal rate. These rules are typically derived from complex simulations based on…

The EU’s watchdog has opened investigations into the bloc’s border and diplomatic agencies over concerns they might not have carried out necessary human rights risk and impact assessments before supporting third countries in the development of surveillance capabilities. Ombudsman Emily O’Reilly opened her investigations into Frontex and the European External Action Service (EEAS) last week following complaints from NGOs including Privacy International, Access Now, Sea-Watch, BVMN, Homo Digitalis, and the International Federation for Human Rights (FIDH).O’Reilly called on Frontex to clear up whether it carries out any due diligence assessments or human rights risk and impact assessments before it decides to transfer surveillance…

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Council President Nury Martinez motion to appoint Heather Hutt as an interim council member for the 10th District, failed to receive the 10 votes required for a public hearing at City Hall on Tuesday, Aug. 30, 2022 in Los Angeles, CA. Irfan Khan/Los Angeles Times/Getty Images Source: CNN

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When the leaders of Denmark’s main political parties faced each other last week in the first televised debate of the election campaign, they disagreed along familiar party lines.But there was one subject they could all agree on, which united left and right: a controversial plan to outsource asylum seekers from Denmark to Rwanda. Last year the Danes approved new legislation to make such a move even possible, and in late summer the government of centre-left Prime Minister Mette Frederiksen inked a deal with the Rwandan government to “jointly explore” the possibility of sending “spontaneous asylum seekers” who arrive in Denmark to…

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Wall Street stocks were subdued on Monday as investors braced themselves for the start of another US corporate earnings season, set against an increasingly gloomy economic backdrop.The broad S&P 500 was broadly steady after the opening bell, while the tech-heavy Nasdaq Composite slipped 0.3 per cent. In Europe, the regional Stoxx 600 gauge added 0.1 per cent.Those moves followed a sell-off on Wall Street on Friday, with the S&P closing down 2.8 per cent after a labour market report pointed to persistently strong jobs growth. Such data have been scrutinised in recent months for clues about how aggressively the US…

Whether they’re out and about around town or getting all dolled up for big event, the stars always serve up a healthy dose of style inspiration. Because regardless of if they’re running home from the gym or stepping a stiletto-clad foot on the red carpet, celebs dress to impress.  With stylists on speed dial, it shouldn’t come as a surprise that the biggest names in Hollywood are among the first to debut designer collections and accessories. While red carpets are typically filled with gorgeous Oscar de la Renta gowns, Balenciaga frocks and Miu Miu numbers, it’s important not to discredit celebs’…