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Trio win Nobel economics prize for work on technology-driven growth

Trio win Nobel economics prize for work on technology-driven growth

Joel Mokyr has warned of ‘dark clouds’ amid Trump tariffs, while Philippe Aghion and Peter Howitt have written about role of ‘creative destruction’ Business live – latest updates Three experts in the power of technology to drive economic growth have been awarded this year’s Nobel prize in economics. Joel Mokyr of Northwestern University secured half of the 11m Swedish kronor (£867,000) prize alongside two other academics: Philippe Aghion of the Collège de France, Insead business school and the London School of Economics, and Peter Howitt of Brown University. Continue reading...

'He's a nice man, Bibi! - Trump tells Netanyahu to be 'a little bit nicer' to opposition leader Lapid, pokes fun at 'long' speeches

'He's a nice man, Bibi! - Trump tells Netanyahu to be 'a little bit nicer' to opposition leader Lapid, pokes fun at 'long' speeches

"US President Donald Trump told Benjamin Netanyahu to be a 'bit nicer' to opposition leader Yair Lapid - before having a go at the length of the speeches before him - during his speech to the Knesset on Monday. "He's a nice man. Bibi, he's a nice man. Nice man. He knows what he's doing, right? No, he's a very nice guy. Well, see, now you can be a little bit nicer, Bibi, because you're not at war anymore, Bibi," he said. "I came here very early at your request. I addressed the leaders of the Arab and Muslim world gathered in Saudi Arabia and said that it was time to build a future free of the grip of extremism and terror. And I'm, interestingly, right now, I'm, as soon as I'm finished, I'm quite late," he added. "You've kept me quite late between opposition leaders and Bibi's brilliant but very long speech. I thought I was going to run up here, make a speech, and then head to Egypt." "It didn't work out though and you made a pretty long one too sir (the speaker) but I liked what you all said. It could be worse. Supposing on top of it, I didn't like what you said. That would be no good," he quipped. Trump and his core team received huge applause in the parliament ahead of his speech. The US president is in Israel to address the Knesset and meet with Benjamin Netanyahu and the families of hostages, before flying to Egypt for the official signing of the Gaza peace deal. The final twenty living hostages were handed over by Hamas to the Red Cross earlier on Monday. The bodies of 28 deceased hostages will also be returned later, while around 1,700 Palestinians detained in Gaza since October 2023 and 250 more serving life sentences, will be freed under the deal. The first phase of the deal, agreed by Israel and Hamas last week, includes the ceasefire, the swapping of hostages and prisoners, and the Israeli military withdrawal to the 'yellow line' in Gaza. Subsequent phases will include the governance of Gaza, the future of Hamas and the reconstruction of the enclave. "