economics

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Hall and Woodford win Nobel economics prize

American economists Robert E. Hall and Michael Woodford won the 2026 Nobel memorial prize in economics on Monday. The Royal Swedish Academy of Sciences in Stockholm cited their work "for microeconomic foundations of macroeconomic stabilisation". Hall teaches at Stanford University…

US economists Hall, Woodford win Nobel economics prize

The Royal Swedish Academy of Sciences on Monday awarded the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to American economists Robert E. Hall and Michael Woodford "for microeconomic foundations of macroeconomic stabilisation". The Associated Press…

Most economists doubt AI boom will create jobs, WEF report finds

Even as artificial intelligence reshapes industries worldwide, a majority of the world's top economists do not expect the technology's expansion to translate into broad-based job creation, according to a new World Economic Forum report released on Tuesday.

World Bank names Nobel laureate Kremer chief economist

The World Bank on Wednesday appointed Nobel Prize-winning economist Michael Kremer as its next chief economist and senior vice president for development economics, making him the first person to arrive at the post with a Nobel already in hand.

UN report finds $15 return for every $1 on clean air

A new assessment released Monday by the UN Environment Programme and the Climate and Clean Air Coalition found that tackling air pollution and climate change together could generate roughly $15 in economic benefits for every $1 invested, while preventing millions…

IMF names Silvana Tenreyro as new chief economist

The International Monetary Fund on Tuesday named Silvana Tenreyro as its next chief economist and head of its research department, tapping a former Bank of England policymaker to guide the institution's economic thinking during a period of global uncertainty.

World Cup forecast to generate $45B global GDP boost

The 2026 FIFA World Cup, now underway across North America, is projected to deliver a $45 billion boost to global GDP, according to Bank of America analysts, dwarfing the economic footprint of Taylor Swift's record-breaking Eras Tour.

Nadella warns AI dominated by few models is unsustainable

Microsoft CEO Satya Nadella published a lengthy essay on X on Saturday warning that a world in which a handful of dominant AI models capture all economic value would be "politically and economically unsustainable," calling instead for a distributed "frontier…