Stephanie Rickard

The new direction of travel: "securonomics"

Thousands of jobs at risk in Africa as US trade deal expires A major US-Africa trade deal, the African Growth and Opportunity Act (AGOA), will terminate as scheduled on Tuesday, ending duty-free access to U.S. markets for thousands of African products

The African Growth and Opportunity Act (AGOA), established by US President Clinton in 2000, expired yesterday at midnight. For 32 African countries, (even more) uncertainty now looms over #tariffs, exports, and jobs.

abcnews.go.com/US/wireStory...

#TombTuesday In Roscommon Ireland, this portal tomb is known as Tinnacarra ("Stone of Fire") or Ballynanultagh Dolmen. It has strikingly tall portal stones (~2.4 metres) . Estimated to date from between 4200 BC and 2900 BC.

📸 My own

#TombTuesday #Prehistory #Ireland

Let me know if you see one like this in the US!

If this price differential for a high-street brand skirt is due to US #tariffs, it suggests a tariff pass-through rate of 100%, controlling for the exchange rate. But of course, there could be other factors at play.

In the UK, 1 in 4 people aged 18 to 34 own crypto! 🤯

China opens way to WTO reform by ceding ‘developing country’ benefits - on.ft.com/3W7XutW via @FT

True, Peter. But maybe it could help with discussions about reform of special and differential treatment? And/or US engagement? Maybe I'm just feeling optimistic on this sunny Autumn morning.

This is big news. Could it unlock at least some of the stalemate at try WTO? 🤞

“They did so by forming coalitions with like-minded countries… a wider range of states can effectively participate in international negotiations than traditionally assumed.”
💯x 10 👆

You did it, WTO!

European countries with the most government subsidies for buying EVs While all EU member states offer some form of tax benefit to boost EV sales, there is a significant difference between their direct purchase incentive schemes, with some of the most generous ones comi...

Which European country offers the most generous government #subsidies to buy EVs?

www.euronews.com/business/202...

180. The WTO is in trouble. Econ 101 to the rescue? How understanding the WTO’s past can help foster its revival – including for policy challenges like climate and China’s non-market economy.

The WTO has named Robert Staiger as its new Chief Economist.

Here is my @trade--talks.bsky.social podcast conversation in 2023 with Bob where he shared his thoughts about the WTO.

A taxi driver, unimpressed by my poor French, barked at me to "speak English". Then a barista demanded I continue in French after I switched into English. Linguistic purgatory. 🤣

It took +20 years of negotiations.

It could change the future of our oceans.

The WTO’s Agreement on Fisheries Subsidies comes into force today.

Why it matters and how it happened: shorturl.at/EzvJx

After +20 years of negotiations, the WTO’s Agreement on Fisheries Subsidies enters into force today. This agreement represents a major step toward aligning global trade rules with environmental sustainability. Explore how this milestone was reached and what it means: shorturl.at/EzvJx

I did it. I turned the heat on.

We need your help to find meteorite that crashed into Scotland Hillwakers in Scotland have been asked to look out meteorite fragments that landed in the Highlands.

We need your help to find meteorite that crashed into Scotland. 🔭 🧪 www.bbc.co.uk/news/videos/...

Albania appoints AI-generated minister to avoid corruption Albanian Prime Minister Edi Rama said Thursday he had appointed the world's first AI-generated government minister to oversee public tenders, promising its artificial intelligence would make it "corru...

AI deployed in an effort to reduce corruption in public procurement in Albania. The Prime Minister said: AI will be "entrusted with all decisions on public tenders".

www.france24.com/en/live-news...

Tube strike = 1.5 hour walk across London today. In the rain. But, as always, Londoners rise to a challenge. Saw many small acts of kindness today as everyone struggled to navigate the deluge, buses, sink holes, and rogue Lime bikes.

In 2022, China had nearly 1800 ships under construction. The US has just five. 🤯

Greece probes farmers in €22.6 million EU subsidy fraud scandal Investigations are also being carried out into staff at the authority in charge of the administration of the subsidies.

More than 1,000 Greek farmers and agribusinesses are under investigation for the abuse of EU #subsidies

europeannewsroom.com/greece-probe...

Chinese provincial subsidies undermining central government’s goals to limit IUU fishing, protect environment Fishing subsidies recently offered by multiple Chinese coastal cities run counter to efforts by China’s central government.

We don't talk enough about sub-national #subsidies. They often account for a majority of a nation's total subsidy amount, particularly in federal systems.

www.seafoodsource.com/news/supply-...

Electric cars eligible for £3,750 discount announced The Puma Gen-E and e-Tourneo Courier are two Ford models drivers can purchase under the government scheme.

Would love to see the full criteria for the UK's new EV subsidy scheme. Which cars qualify and why?

www.bbc.co.uk/news/article...

The Fed’s future hangs in balance after Trump’s assault - on.ft.com/4lECVQ9 via @FT

French PM Bayrou to ask for vote of confidence over austerity budget on September 8 Get the latest Breaking News Alerts from France 24 in real time on Facebook and Twitter: @BreakingF24

Incredible gamble by Bayrou, calling a confidence vote in just a couple weeks when he has no majority in Parliament

Likelihood of French govt collapse is high
www.france24.com/en/live-news...

European wine is about to cost more in the US as a new trade deal adds a 15% tariff. Will EU member states step in with more subsidies to help winemakers? I dive into EU wine subsidies here: shorturl.at/PZ0Os

www.dw.com/en/eu-us-dea...

Thank you @sjrickard.bsky.social
The high (0.8!) positive correlation of USD and 10-year Treasury rates held unbroken since at least 2012 (I checked) and on average since at least 1982. Reversing sign is a BFD
More sophisticated analyses come to the same end e.g. @helene-rey.bsky.social

Lots of great stuff here. 👇 One of my favourites: "Ever since the administration’s April 2 tariff announcements, the correlation between U.S. interest rates and the dollar has reversed, indicating that something other than day-to-day economic news is driving the dollar down."

The New Economic Geography Who profits in a post-American world?

My article The New Economic Geography is out today in @foreignaffairs.com
Please read!
(Ungated link, suitable for sharing)

shared.outlook.inky.com/link?domain=...