Analysis: Must Read

UBS's global ambitions hampered by tougher Swiss regulations

Faced with the specter of a new banking crisis, Switzerland is tightening the requirements imposed on UBS, now the undisputed giant of the sector following the takeover of Credit Suisse. But this...

Automotive surplus: Germany takes action to avoid US tax

The US market, which is both crucial and uncertain, has prompted several car manufacturers to suspend their annual forecasts. Germany, which accounts for most of Europe's trade surplus in cars, is...

Private equity and the difficult equation of capital exits

Private equity funds are said to be sitting on $3.2 trillion in unsold assets. The sector, which has underperformed the S&P 500 over one, three, and five years, is going through a turbulent period....

Rare earths: China's weapon that's threatening global industry

In response to Donald Trump's tariffs, China is tightening restrictions on exports of rare earths, materials that are essential for global industry. This decision reignites concerns amongst Western...

The Best Articles of the Week: the dollar is broken, AI hasn't killed browsers, and the return of feudalism

This week, Les Beaux Articles takes you to a world where the dollar is losing its bearings, US bonds are no longer obeying anyone, and the economy is turning absurd in the hushed salons of the Wall...

ECB: the last rate cut?

On Thursday, the ECB announced another rate cut. But in the face of uncertainty, the Frankfurt-based institution is maintaining a cautious approach and is not committing to any further moves....

Trump and Xi spoke on the phone

Chinese President Xi Jinping spoke by phone with US President Donald Trump on Thursday at the latter's request, according to the official Chinese news agency Xinhua . The stockmarket reacted sharply,...

The ECB cuts rates for the eighth time in a year

The European Central Bank has cut interest rates for the eighth time in twelve months, a sign that inflation is now under control. However, the institution is taking a more cautious tone on the...

Trump-Merz: a meeting of contrasts

Last October, Joe Biden hailed Germany as the United States' closest and most important ally. Suffice to say that in eight months, diplomatic lines have had time to shift: Friedrich Merz has succeeded...

Trade diplomacy: the EU between two fronts

While negotiations between China and the US are stalling pending talks between Xi Jinping and Donald Trump, trade tensions are mounting. Washington has just raised tariffs on aluminum and steel to...

Musk, GOP Step Up Assault on Trump's Tax Plan

Elon Musk and a faction of staunchly conservative Senate Republicans are intensifying their opposition to Donald Trump's tax-and-spending proposal, arguing that it bloats an already towering national...

Higher rates and a weaker dollar

Faced with political uncertainty and mistrust of US assets, the markets are reacting contrary to the usual logic. This is illustrated by the traditional relationship between Treasuries and the dollar....

Trump wants to scrap the Chips Act subsidies

Introduced under the Biden administration, the Chips Act is being revised by Trump and his administration to make it even more profitable despite significant subsidies. As a reminder, the measure is...

Bitcoin Conference 2025: between political statements and concrete progress

As Bitcoin flirted with historic highs, the spotlight was on Las Vegas from May 27 to 29, where the sixth edition of the Bitcoin Conference was held. Against a backdrop of increased regulation in the...

Elon Musk slams Donald Trump's budget bill as Senate debate continues

This week, the US Senate is beginning its review of the tax bill passed by the House of Representatives at the end of May. The bill has been strongly opposed by Elon Musk, who called it a repugnant...

On Wall Street, investors take advantage of every dip

Despite often hesitant starts to the session, US markets are regularly closing higher. This momentum is being driven by the buy the dip strategy and by retail investors....

Now it's the music industry's turn to give in to generative AI

Less than a year after suing them, Sony, Universal, and Warner are negotiating with generative AI start-ups Suno and Udio. The goal: to grant them licenses for their catalogs. This is a symbolic...

Wegovy on the rise amongst American teens; between effectiveness and reluctance

The use of Wegovy, an obesity treatment developed by Novo Nordisk, has jumped 50% amongst American teens in just one year, according to data from Truveta. In 2024, there were 14.8 prescriptions per...

Trump to Bypass Congress to Boost U.S. Critical Mineral and Weapons Output

Donald Trump is preparing to invoke emergency powers to bypass legal hurdles, including certain congressional funding approvals, in a bid to accelerate U.S. production of critical minerals and defense...