Mark Buchanan sometimes say that there’s no need to rush in addressing climate change — that our constantly increasing wealth will eventually make the problem relatively inexpensive to solve. Thanks to some careful mathematical research, that argument is looking increasingly wrong. Placing a value on something that may happen 50 or 100 years from now isn’t easy. Economists typically ...

  Bhavani Castro SPECIAL TO EMIRATES BUSINESS Indian Prime Minister Narendra Modi recently embarked on an impressive five-nation tour that included countries as diverse as Afghanistan and Mexico. Modi’s international travels have rendered fruitful results, bolstering diplomatic ties and giving India more visibility in the international community. The six-day tour included visits to Afghanistan, Qatar, Switzerland, the United States, and ...

  Bloomberg The European Central Bank is about to find out how attractive its offer to pay lenders to lend really is. Starting tomorrow, euro-area banks can bid for a four-year loan from the ECB at an interest rate that begins at zero and could ultimately be negative. The net take-up, after institutions repay their borrowings from an earlier and ...