AI-powered transcription tools are increasingly used in the workplace. Aida Ponce Del Castillo argues in an analysis from data protection law and the AI Act that their deployment raises risks both for employees and employers
Economic incoherence
EU member states may now exceed deficit limits if the borrowing finances defence. Paolo Surico proposes exempting innovation-related expenditure, rather than procurement, to raise long-run growth while maintaining fiscal responsibility and strategic autonomy
The state of competition
Market power has increased across developed economies. Jan De Loecker and Pinelopi Koujianou Goldberg argue that policymakers must recognise the trade-offs in promoting scale, innovation, and competition, and acknowledge concerns that lie outside traditional antitrust mandates
AI and systemic risk
AI offers substantial benefits to society. Stephen Cecchetti, Robin Lumsdaine, Tuomas Peltonen and Antonio Sánchez Serrano discuss significant concerns regarding risks to the financial system and propose a mix of competition and consumer protection policies address these vulnerabilities
Excellence & innovation in aviation regulation
The Cayman Islands Aircraft Registry provides Total Aircraft Registration Solutions! The Civil Aviation Authority of the Cayman Islands highlight why the Cayman Islands is the jurisdiction of choice for aircraft registrations
Cast adrift
2025 has been marked by escalating geopolitical fragmentation. In the foreword to the Winter edition of World Commerce Review the editor asks if the European Union can arrest its economic drift and assert its latent potential, and this is one of the most pressing questions for the emerging global order
Tax
Balancing profit shifting and investment
The global minimum tax represents the most ambitious international effort in decades to curb profit shifting to tax havens. Katarzyna Bilicka, Michael Devereux and Irem Güçeri argue that profit shifting doesn’t just affect tax revenues, it alters investment incentives, creating fundamental trade-offs that cannot be ignored
Sanctions without borders?
Thematic sanctions are being increasingly used as a foreign policy tool. Henrietta Worthington and Jaime Rosenberg consider the benefits and challenges for multinational organisations operating across jurisdictions
The flawed rationale behind America’s reciprocal tariffs
The Trump administration imposed ‘reciprocal tariffs’ using powers granted under the International Emergency Economic Powers Act. Gene Grossman and Alan Sykes argue that the tariffs do not meet two core requirements for the exercise of emergency powers under the Act
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World Commerce Review Volume 19 Issue 4
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