CAMBRIDGE – Massive fiscal and monetary stimulus programs in the United States and other advanced economies are fueling a raging debate about whether higher inflation could be just around the corner. Ten-year US Treasury yields and mortgage rates are already climbing in anticipation that the US Federal Reserve – the de facto global central bank – will be forced to hike rates, potentially bursting asset-price bubbles around the world. But while markets are probably overstating short-term inflation risks for 2021, they do not yet fully appreciate the longer-term dangers.
The push to electrify transportation includes big developments for heavy-duty vehicles, with an expanding range of zero-emission trucks, buses and service vehicles
Recent changes to anti-corruption compliance law in Kazakhstan have extended its scope of application, as well as the circle of decision-makers and their responsibilities
WASHINGTON, DC – US President Joe Biden’s administration is reassessing America’s China strategy. Donald Trump’s modus operandi was to bully China on trade, foreign investment, cyberspace, e-commerce, intellectual property, the South China Sea, Taiwan, and other issues. Making matters worse, the Trump administration chose to deal with China bilaterally, neglecting European, Australasian, and Latin American allies who shared many of America’s concerns and would have strengthened the United States’ bargaining position