Global Markets

As AI makes software development faster and cheaper, the Jevons Paradox suggests that demand for code and possibly developers should rise. Early evidence offers only partial support: software output has surged, while tech employment has weakened and shifted toward AI-related roles.

Artificial intelligence is rapidly transforming financial markets by accelerating analysis, automating trading decisions and reshaping how investors allocate capital. While AI can improve efficiency and reduce human bias, its growing influence also raises concerns about market instability, transparency and regulatory oversight.

Cocoa prices surged from US$2,500 in 2023 to nearly US$13,000 per ton in 2024 before falling sharply again. Yet the crisis exposed deeper issues such as underinvestment, climate shocks and supply concentration. As a result, the chocolate industry is rethinking its supply chain, from West African smallholders to cocoa-free alternatives.

As ESG became more deeply embedded in stock valuations, its ability to offer investors an edge may have gradually diminished. Yet this development raises a broader question: if sustainability is increasingly priced in, what role does ESG play in shaping investment decisions?

As digital payments replace cash, Europe stands at a critical crossroads. The digital euro could become the backbone of a more secure and competitive financial system, protecting sovereignty while accelerating innovation. But if mismanaged, it risks deepening dependence on foreign currencies and private platforms. Its outcome may redefine Europe’s influence in the global financial order.

Artificial intelligence is increasingly constrained not by algorithms but by the physical infrastructure needed to power and train modern systems. Soaring demand for electricity and data centers makes reliable energy a strategic asset, driving massive investment. Yet breakthroughs like DeepSeek can rapidly shift demand, creating both uncertainty and opportunity in the AI infrastructure landscape.

Quantum technologies are evolving from research to strategic assets with transformative potential. They promise breakthroughs in fields such as finance, pharmaceuticals, logistics and other industries. Despite challenges, the convergence of scientific progress, commercial funding, and geopolitical interest signals that quantum technologies are set to reshape industries in the coming decades.

As the war in Ukraine enters its fourth year, reconstruction costs are already estimated at over €500 billion. The newly signed deal with the United States aims to secure funding for reconstruction as well as continued military support. At stake is not only Ukraine’s reconstruction but also global influence over the resource-rich region.

After Israel targeted Iran’s nuclear facilities and the United States joined the escalation, oil prices rose sharply but briefly. The markets’ rapid return to stability raises important questions about the true resilience of global energy systems and the deeper vulnerabilities that may persist despite apparent calm.

FinTech is quietly rewriting the rules of banking, offering speed and efficiency, while shifting power to tech giants and digital newcomers. But as banks lose control and platforms multiply, new risks emerge: fragile systems, confused responsibilities, and regulatory blind spots. Are we witnessing financial progress or laying the groundwork for the next big crash?