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SPP AI Governance Framework: What “Human Oversight” Now Has to Mean
The Society of Pension Professionals’ new framework, Governance in the Age of AI, argues that artificial intelligence needs no new governance regime, only the honest application of duties that already exist. Its most demanding passage is about the people signing
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Buying Credibility: The Hiking Cycle That Keeps Indonesia’s Convergence Funded
Three increases since May, 100 basis points in all, one of them off-cycle. Bank Indonesia has charged domestic borrowers a visible price to keep real yields attractive, portfolio money flowing and Indonesia’s long convergence run financed. July’s surprise hold now
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Free, Capped and Contagious: Why a US Tariff Could Not Stop Pix Going Global
Brazil’s public payments rail has been named in a US Section 301 tariff action for the very design choices that made it ubiquitous. It has come through that first geopolitical stress test with its model untouched and dozens of central
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Earning Through a War: UAE Lenders Bank Records in a Quarter of Conflict
UAE lenders posted record first-half profits through a quarter of regional war, Hormuz shipping disruption and rate uncertainty. At bank level, the numbers point to Gulf banking earnings decoupling from oil and conflict, and to capital beginning to flow out
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The Two-Tier Tariff: Washington Prices Labour Standards into Trade
The Section 301 action that took effect on 24 July prices a social standard into trade policy for the first time: 10 per cent for economies that ban forced-labour imports, 12.5 per cent for those that do not, and a
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The IMF’s Wartime Audit of the UAE: What Gulf Resilience Is Made Of
The Fund’s July health-check names the buffers and instruments that let a diversified Gulf economy absorb a regional war. The harder question, for every neighbouring treasury, is which parts of the kit can be copied. An International Monetary Fund (IMF)
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Singapore: Where the AI Capex Boom Becomes GDP
Singapore’s advance estimate puts second-quarter growth at 5.7 per cent, with manufacturing up 12.2 per cent on what the trade ministry attributes to AI-related demand for chips and chip-making equipment. It is the cleanest primary-source evidence yet that the AI
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The IMF’s Crosscurrents Update: Africa Is on the Wrong Side of Both Shocks, and Still Outgrowing the World
The July World Economic Outlook Update barely moves the Fund’s Africa forecasts, and its baseline has already been overtaken: the Strait of Hormuz was assumed to begin reopening in mid-July, and by 13 July fighting had resumed instead. Beneath the
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AI and the US Workforce: The Beige Book Tells a Productivity Story
The Federal Reserve’s July Beige Book catches AI arriving in the American labour market as investment: firms buying the tools, reallocating the tasks and holding the headcount. Jamie Dimon’s 30 to 40 per cent is the counterweight that reading must
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Heat on Contract: Industrial Storage Turns Cheap Hours into a Bankable Asset
Brick, carbon and molten-salt stores are moving industrial heat from the fuel bill to the balance sheet. The interesting part is not the hardware. It is the contracts now being written on it. In May, the American biofuels producer POET
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