The Global Versus Local Identification of Macroeconomic Damages The Global Versus Local Identification of Macroeconomic Damages

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The Global Versus Local Identification of Macroeconomic Damages

June 30, 2026--Key takeaways:
Adrien Bilal and Diego R. Känzig's "The Macroeconomic Impact of Climate Change: Global Versus Local Temperature" (QJE, 2026) challenges the conventional approach of estimating physical climate risk-induced macroeconomic damages.
The paper argues that global temperature variation may capture a broader macroeconomic climate signal than local temperature variability alone, leading to substantially higher damage estimates than those reported in much of the established literature.

The EDHEC Climate Institute (ECI) acknowledges the paper's contribution to the field at large. It nevertheless reaffirms the unique strengths of granular approaches, particularly their ability to capture spatial heterogeneity and decompose aggregate effects.

Its value lies in testing whether standard local-temperature approaches may understate aggregate damages by missing common shocks or supply chain-propagated effects.

Its limitation lies in the loss of heterogeneity information, diluted within an aggregate effect, that scenario users increasingly require.

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Source: Edhec Business School


Low-tech Longevity Investments Could Unlock $6 Trillion by 2040

June 23, 2026-Low-tech, low-cost strategies could prevent 400 million falls at home, 8.5 million new type 2 diabetes cases and 2.4 million dementia cases by 2040, while unlocking $5.8 trillion in healthcare savings and $645 billion in productivity gains. Yet much of that opportunity remains unrealized because governments and businesses manage health, finances and labour participation separately, a new World Economic Forum report finds.

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Stack battles: the US-China artificial-intelligence rivalry is moving beyond chips alone

June 22, 2026--China is challenging US leadership in both AI hardware and software, with Europe unlikely to catch up
Despite Chinese progress, the United States remains for now ahead in the race for dominance over the so-called artificial intelligence hardware stack -the resources and equipment, especially semiconductors, needed to run AI models.

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2026 Mid-Year Global Forecast Report-Shocks, Signals and What Comes Next

July 20, 2026--Six months ago, the prevailing view for 2026 was that the global economy would simply muddle through. We largely agreed, while noting that the margin for error looked unusually thin. So far, that assessment has held, although it has been tested repeatedly.

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The Regenerative Blue Economy: Pathways to Prosperity

June 8, 2026-Marine ecosystems continue to degrade under pressure from warming seas, rising tides, pollution and overuse, undermining the long-term well-being of the communities and economies that depend on them. This report examines how to shift from the status quo- which perpetuates this decline -towards a regenerative blue economy.

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Deepening Divides: The Cost of a More Fragmented Financial System

June 4, 2026-The period spanning 2025 and early 2026 marked a turning point for the global trade and financial systems as states deployed economic statecraft on a scale not seen in the modern era, accelerating and deepening fragmentation.
This insight report offers new quantitative analysis that measures the economic drag of current trade and financial policies as well as the potential cost of an increasingly plausible worst-case scenario.

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Prospects Group Global Monthly-May 2026

May 29, 2026--Overview
Global manufacturing activity gained some momentum in April and May, supported partly by stockpiling, but services activity remained subdued.
The conflict in the Middle East has increased transport costs and delivery times, with supply chain pressures in April reaching their highest levels since the COVID-19 period.

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The Women's Health Innovation Radar: Revealing Gaps and Opportunities Across the Science-to-Patient Journey

May 18, 2026-Advancing women's health requires not only scientific progress but an innovation ecosystem capable of translating discovery into evidence, technologies and scalable solutions that improve outcomes for women globally. Yet, despite growing attention, the landscape remains fragmented, and many high-impact conditions continue to receive insufficient targeted innovation.

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Americas


August 20, 2026 T. Rowe Price agrees to acquire fixed income asset manager F/m Investments
August 19, 2026 ARK Invest Launches Its First Income Strategy, ARKY, Targeting 17.5% Income Through Its Innovation Equity Universe
August 19, 2026 BMO and REX Shares Launch MicroSectorsTM 3× Long and -3× Short Brazil, Japan and Taiwan ETNs (Cboe BZX: BRZL, BRZD, JPNU, JPND, TAWN, TPEI)
August 19, 2026 The US national debt now stands at $40 trillion
August 19, 2026 Defiance ETFs Launches CROB, the First US Listed ETF Focusing Specifically on China's Humanoid Robotic Ecosystem

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SEC Filings


August 19, 2026 Gator Capital Investment Trust files with the SEC-Gator Capital Long/Short ETF
August 19, 2026 Exchange Listed Funds Trust files with the SEC-Saba Opportunistically Hedged Closed-End Funds ETF
August 19, 2026 Northern Lights Fund Trust II files with the SEC-Beacon Tactical Alternatives Risk ETF
August 19, 2026 Northern Lights Fund Trust II files with the SEC-Defiance AI Capacitors Leaders ETF
August 19, 2026 John Hancock Exchange-Traded Fund Trust files with the SEC-John Hancock Multi Asset Credit ETF

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Europe ETF News


August 20, 2026 Vanguard strengthens its offer of global UCITS ETFs with three new low-cost funds
August 18, 2026 Themes ETF Trust files with the SEC-6 Leverage Shares 2X Group Daily ETFs
August 17, 2026 HANetf launches Trading Central quant ETF in Europe
August 13, 2026 New ETF and ETP Listings on August 13, 2026, on Deutsche Boerse
August 12, 2026 Deutsche Boerse Welcomes LAIQON as New ETF Issuer

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Asia-Pacific


August 19, 2026 Mirae Asset Securities Launches WTI Leverage ETNs in First Partnership with Solactive
August 11, 2026 Korea Investment Launches ETF Bundling Five Strategic Industries
August 10, 2026 Axis Mutual Fund launches Axis Nifty Energy Index Fund & Axis Nifty Energy ETF
August 10, 2026 Korea Investment Launches ETF Betting on Chips and Strategic Industries
August 10, 2026 Retail assets in STI exchange-traded funds surge fivefold to $4.2b: SGX

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Global ETP News


August 19, 2026 ETFGI reports Global ETF Industry Assets Reach Record US$ 23.11 Trillion at the end of July and YTD Inflows Hit All-Time High US$ 1.71 Trillion
August 13, 2026 From Chinese AI to Global ETFs: STARTRADER Launches 45 New 24/7 Stock and ETF CFDs Spanning Seven Market Themes
August 06, 2026 Flow Traders Brings 24/7 Liquidity to Algorand
August 05, 2026 Tokenized Equities Surge 140% in 2026 as New DeFiLlama Research Maps the Market
July 31, 2026 Global goods trade resilient in the first quarter of 2026 despite war in Middle East

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Middle East ETP News


August 05, 2026 Qatar ETF net asset value dips to $109.6mln in H1 2026
August 05, 2026 Mideast Stocks: Major Gulf bourses mixed as investors await clarity on US-Iran talks
August 03, 2026 Mideast Stocks: Most Gulf markets gain as Trump holds off Iran strike
July 31, 2026 STARTRADER expands AI offering with 31 New US Share & ETF CFDs in Semiconductors, Optical Networking & Nuclear
July 30, 2026 Saudi economy shrinks for first time in three years

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Africa ETF News


August 10, 2026 West Africa growth projected at 4.6% in 2026, remains resilient-AfDB Regional Economic Outlook Report
August 10, 2026 Africa: 'Nigeria's Fintech Ecosystem Has Become One of Africa's Largest'
August 06, 2026 Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market
August 05, 2026 Nairobi Securities Exchange Plans East Africa's First AI ETF- But Its CEO Is Watching for a Bubble
July 29, 2026 Regional Economic Outlook 2026: Southern Africa Must Mobilise Development Finance at Scale to Close Annual $55 Billion Financing Gap

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ESG and Of Interest News


July 30, 2026 Ranked: The World's Biggest Mineral Producers
July 21, 2026 Sovereign Wealth Funds Need Legal Clarity as Their Scale and Mandates Expand
July 15, 2026 Women's health attracted record equity in 2025 as companies share capital

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