author - oman observer

Climate change is, by all accounts, accelerating. Not only are summers getting hotter; extreme weather is becoming increasingly frequent, exemplified by the tropical downpours that have wrought havoc...

The EU has never had an active industrial policy for the simple reason that, unlike China and the US, it does not have a federal budget with which to provide large subsidies to specific sectors. But...

The US Inflation Reduction Act (IRA) has America’s trading partners in a tizzy. The legislation is not only gargantuan, dedicating some $369 billion to climate and clean-energy programs; it also has...

Central banks are busy tightening monetary policy as quickly as they can. Even the usually careful European Central Bank just increased its key interest rate by an unprecedented 75 basis points,...

In a matter of months, the European Union (EU) has reduced its dependence on Russian oil so much that it is now ready to impose an embargo. European Commission President Ursula von der Leyen has...

During the acute phase of the COVID-19 pandemic in the spring of 2020, when a large part of the population was locked down at home, the economy fell into a deep recession that hit the unskilled and...

In recent decades, central bankers’ job had become somewhat boring and frustrating. They were given independence in the 1990s, because that seemed the best way to ensure price stability. The...

This month represents an important milestone in the fight against global warming – and not only because of the United Nations Climate Change Conference (COP26) currently underway in Glasgow....

The writer is a member of the board and a distinguished fellow at the Centre for European Policy StudiesConsumer price inflation in the eurozone accelerated further in September to a 13-year high of...