Thinking fast, building slow: The energy cost of the US AI boom

Artificial intelligence is about to impose the largest sustained demand shock on US electricity infrastructure in decades. By 2030, data-center power consumption is expected to nearly double, lifting the sector’s share of total US electricity demand from roughly 5% to around 9%. 

Behind the gate: The promises and perils of private markets democratization

Private markets are opening up to retail, and the product has to be rebuilt to fit. Global private markets have grown more than twentyfold since 2000 to over USD17trn, propelled by institutional adoption of the Yale endowment model that tilted long-duration capital aggressively into illiquid assets. 

US large banks: The peak of the cycle is not the time to be complacent

US large-cap banks posted record Q1 2026 earnings, and both earnings growth and asset quality sits well above trend. Yet, investors seem wary about how long the good times can last, for at least four reasons.

Automotive: Will the Middle East crisis supercharge EV momentum?

An electric tilt boosted by energy volatility. After a bruising 2025, Q1 2026 data reveal a striking reversal.  BEV market share hit 19% EU-wide (+4pps vs; Q1 2025) and surged to 28% in France and 23% in Germany. 

Happy Labor Day? How geopolitics, immigration and AI will reshape work

US and Eurozone labor markets appear to be in good shape, with headline unemployment rates near historic lows. But three strong undercurrents (immigration policy, the energy-price shock and AI) are churning beneath the calm surface. 

Staycation summer? Jet-fuel crunch reshapes the peak holiday season

The Middle East crisis is squeezing airlines’ jet-fuel supplies. Unlike previous oil crises, the main bottleneck lies in refining capacity and product logistics. 

Energy shock and policy response: Once bitten, twice shy?

The current energy shock is fundamentally a supply disruption, not just a price event, with Asia most at risk. 

Global Insolvency Outlook: Brace for Middle East spillovers

Spillovers from the Middle East crisis will make 2026 the fifth consecutive year of rising global business insolvencies. 

Nowhere to hide? Rethinking safe havens and safe assets in a fragmented world

The US dollar emerged as the last remaining safe haven standing amid the war in Iran. However, this situation is increasingly conditional and regime-dependent.

A wind of change for Hungary

Hungary's 12 April election delivered the country's most consequential result since 2010 and a decisive mandate for change.