On 23 January 2023, Director General of the European Space Agency (ESA) Josef Ashbacher announced that Europe has no intentions of sending astronauts to China’s recently completed space station. While this decision will likely do little to slow China’s space ambitions, it suggests that Beijing’s assertive behaviour, human rights abuses …

The dramatic takeover of Credit Suisse by UBS has concentrated all the risk of the rescue onto the shoulders of one Swiss bank. That makes some people in Switzerland very nervous. The Swiss government seems determined to see the CHF3 billion ($3.25 billion) takeover completed by the end of this …

When we read about the US economy, we often get wage growth as a signal of a strong labor market. It is hardly a strong market when the labor participation rate and the employment to population ratio are both below the February 2020 level and have been stagnant for months. …