The EU’s AI Act was supposed to enter into full effect on 2 August 2026. But while the transparency layer has come into effect, its high-risk regime has been delayed. Marco Perugini argues that the result is a double bind in which Europe loses regulatory sovereignty whether it enforces its own rules or retreats from them
Supercharging AI into explosive growth
If frontier AI models can be used to develop their next models, this may lead to an ‘intelligence explosion’ and give a large boost to technological advancement. Davidson et al develop a framework for understanding how AI may transform the economy through new feedback loops
This week’s featured stories 3 August – 9 August 2026…
Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technological, financial and, most importantly, the future
How the rise of AI matters for fiscal policy
Predictions of the effects of AI on the economy and society tend to focus on productivity growth, job losses, and shifts in the distribution of income. Karen Dynan, Douglas Elmendorf and Louise Sheiner examine various potential scenarios for the macroeconomic effects of AI on US fiscal policy
This week’s featured stories 27 July – 2 August 2026…
Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technology, financial and, most importantly, the future
This week’s featured stories 20 July – 26 July 2026…
Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technological, financial and, most importantly, the future
Finance
Tax
Has the global minimum tax survived Trump?
It is accepted that international tax competition is harmful. Pascal Saint-Amans writes that US objections have not killed off the 15 percent global minimum tax, but they have altered it and given the US a competitive advantage
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
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World Commerce Review Volume 20 Issue 2
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