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Costas Milas

Professor of Finance, University of Liverpool

Professor Costas Milas works on issues related to sovereign credit rating decisions. He also works on Monetary Policy issues (such as interest rate setting behaviour) related to the UK, US and Eurozone economies, respectively. He is also researching on debt policies pursued by the Eurozone peripheral economies (Greece, Italy, Ireland, Spain and Portugal).

He holds an MSc (Economics and Finance) and a PhD (Economics) degree from Warwick University. He also holds a BSc (Statistics) from the Athens University of Economics and Business. Before joining Liverpool in 2011, he worked for the Universities of Warwick, Sheffield, Brunel, City and Keele.

For the next prime minister to solve the UK’s productivity problem, they must attract more foreign investment – here’s how

Jun 20, 2024 05:29 am UTC| Economy

The British economy has a serious productivity problem that will have to be addressed by the next government. According to data from the OECD (the Organisation for Economic Co-operation and Development), productivity...

Central Banking Series

Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong

Sep 26, 2023 03:55 am UTC| Economy Central Banks

The Bank of England (BoE) has been strongly criticised for failing to predict the surge in inflation. Had it done so, it could have reacted more quickly and prevented inflation from rising as high as 11% in autumn...

Budget 2020: new UK chancellor unveils £30 billion coronavirus fightback – but debt forecasts look optimistic

Mar 12, 2020 17:31 pm UTC| Economy

With the British public increasingly anxious about the COVID-19 pandemic and business leaders confidence in the economy sinking, it comes as no surprise that the UK budget is a targeted effort to alleviate the economic...

How Brexit uncertainty is hurting the UK economy in four charts

Sep 06, 2019 07:43 am UTC| Insights & Views

Each day brings with it new drama in UK politics and the course of Brexit and its playing havoc with the UK economy. The following four graphs show the extent that the UK is at risk of a recession and I conclude that the...

Brexit uncertainty has hurt UK economy – extending Article 50 could hurt it even more

Mar 01, 2019 14:09 pm UTC| Insights & Views Politics Economy

Three years on from its vote on EU membership and the UK still has little idea what its future relationship with the EU might turn out to be. Under pressure from europhile members of her cabinet, Theresa May has finally...

What moves markets more, Twitter or traditional news?

Dec 16, 2018 13:35 pm UTC| Insights & Views Technology Economy

Can a single tweet make a countrys currency depreciate by 16%? Apparently it did on August 10, when Donald Trump tweeted that US tariffs on Turkish steel and aluminium would rise sharply. Amid 36,100 retweets, and calls by...

Economy

Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward

New research from the Brookings Institution suggests the Federal Reserve could shrink its balance sheet through a combination of regulatory adjustments, payment system reforms, and more active market interventions without...

Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds

A new academic paper from the Brookings Institution reveals that the sweeping tariffs introduced during President Donald Trumps administration had a negligible effect on overall U.S. economic output, while significantly...

India’s Investment Upgrade: A Historic Milestone for the "High-Quality EM" Narrative

SP Global has raised Indias sovereign credit rating to BBB from BBB-, with a Stable outlook, indicating the agencys first upward change for the country in 18 years. This major step increases Indias long-term rating one...

Asian Markets Rally as Oil Prices Tumble and Middle East Peace Hopes Emerge

Asian stock markets posted strong gains on Wednesday, driven by a sharp decline in oil prices and growing optimism over a potential diplomatic resolution in the Middle East. The broad-based rally swept across the region,...

Australia's Inflation Eases in February but Core Pressures Persist

Australias consumer inflation dipped slightly in February, though stubborn underlying price pressures are keeping the Reserve Bank of Australia cautious about cutting interest rates anytime soon. According to the latest...

Politics

Trump's Overhaul of American History: Museums, Monuments, and Cultural Institutions

Since returning to the White House, President Donald Trump has launched a sweeping campaign to reshape how American history is presented across cultural institutions, national parks, and public monuments. Framing his...

Pakistan's Diplomatic Rise: Mediating U.S.-Iran Peace Talks

Pakistan is emerging as a key global mediator in efforts to end the ongoing U.S.-Iran conflict, leveraging its unique position as a trusted contact for both Washington and Tehran. This diplomatic role could elevate...

US Accelerates Taiwan Arms Deliveries Amid Rising China Threat

Taiwans Defense Minister Wellington Koo confirmed Wednesday that the United States has expressed a strong sense of urgency in bolstering Taiwans military capabilities, with active efforts underway to resolve long-standing...

Trump Administration Settles Lawsuit Barring Federal Agencies from Pressuring Social Media Censorship

The Trump administration has reached a landmark settlement that prohibits three major federal agencies from coercing social media platforms into removing or suppressing constitutionally protected speech. The agreement,...

Cuba Receives Humanitarian Aid Convoy Amid U.S. Sanctions

Cuba welcomed a long-awaited shipment of international humanitarian aid on Tuesday, as activists from the global Nuestra America Convoy successfully delivered essential supplies to the island nation despite ongoing U.S....

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...

SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion

South Korean memory chip giant SK Hynix has submitted a confidential filing for a U.S. stock market listing in 2026, with sources indicating the move could raise as much as $14 billion. The company intends to offer...

Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push

Meta Platforms made a significant move this week by granting restricted stock units and stock options to several of its most senior leaders, including Chief Financial Officer Susan Li and Chief Technology Officer Andrew...

SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion

Elon Musks SpaceX is reportedly moving closer to going public, with plans to submit its initial public offering prospectus to regulators as early as this week or next, according to a report by The Information citing a...

OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership

OpenAI has officially shut down Sora, its AI-powered video generation tool, in a move that blindsided partners and staff alike and effectively ended a landmark deal with Walt Disney Co. The decision marks a major...