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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

U.S. Container Imports from China Plunge 28% Amid Tariff Pressures

U.S. imports of containerized goods from China dropped 28.3% year-over-year in June, according to supply chain technology firm Descartes (NASDAQ:DSGX). The sharp decline follows a similar drop in May, largely driven by...

Gold Prices Hold Steady as Trump Tariff Threats Stir Cautious Sentiment

Gold prices steadied in Asian trading on Tuesday as safe haven demand rose following U.S. President Donald Trumps tariff threats, though a stronger U.S. dollar capped gains. Spot gold dipped slightly to $3,334.22 per...

Myanmar Conflict Threatens Global Heavy Rare Earth Supply Chain

The global supply of heavy rare earthscritical for electric vehicles and wind turbinesis at risk due to an escalating conflict in Myanmars Kachin state. The Kachin Independence Army (KIA) has been fighting Myanmars...

Vietnam Central Bank to Maintain Flexible Monetary Policy to Support Growth

Vietnams central bank announced plans to maintain a flexible monetary policy throughout the rest of 2025, emphasizing support for economic growth amid persistent global uncertainties. Deputy Governor of the State Bank of...

Asian Stocks Climb Despite Trump Tariff Threats, Eyes on RBA Rate Cut

Asian markets rose on Tuesday, brushing off fresh U.S. tariff threats after President Donald Trump signaled a willingness to negotiate. Despite weak cues from Wall Street, investor sentiment in Asia improved as Trump...

Politics

South Korea Cracks Down on Anti-North Leaflet Balloons Amid Policy Shift

South Korean defector-activist Lee Min-bok has paused his decades-long campaign of sending anti-Kim Jong Un leaflets across the border via balloons. The equipment he once used now sits idle, as the countrys political...

Macron’s UK Visit Marks Post-Brexit Reset and Migration Deal Talks

French President Emmanuel Macron arrived in Britain for a three-day state visit, marking the first by a European leader since Brexit. Hosted by King Charles at Windsor Castle, the trip symbolizes renewed UK-France ties...

ByteDance Denies TikTok U.S. Sale to Oracle-Led Group Amid Deadline Pressure

ByteDance has denied reports that it plans to sell TikToks U.S. operations to a consortium led by Oracle Corporation (NYSE:ORCL), according to Chinese media on Tuesday. Speculation had surfaced that Oracle was leading a...

Trump Orders Rollback of Wind and Solar Tax Credits Under New Energy Policy

U.S. President Donald Trump has issued a new executive order targeting renewable energy incentives, directing federal agencies to enforce cuts to tax credits for wind and solar projects. The move is part of the recently...

Trump, Netanyahu Discuss Iran Talks and Gaza Relocation Plan Amid Ceasefire Push

U.S. President Donald Trump hosted Israeli Prime Minister Benjamin Netanyahu at the White House on Monday, signaling renewed efforts to negotiate with Iran and backing controversial plans to relocate Palestinians from...

Science

FDA Lifts REMS Requirement for CAR-T Cell Cancer Therapies

The U.S. Food and Drug Administration (FDA) has removed the Risk Evaluation and Mitigation Strategies (REMS) requirement for all currently approved CAR-T cell therapies, a move expected to improve patient access to these...

Neuren Pharmaceuticals Surges on U.S. Patent Win for Rare Disorder Drug

Shares of Neuren Pharmaceuticals Ltd (ASX:NEU) jumped over 10% on Thursday after the company announced a key development in its rare disease pipeline. The U.S. Patent and Trademark Office has approved Neurens patent...

CDC Vaccine Review Sparks Controversy Over Thimerosal Study Citation

A presentation on thimerosal, a mercury-based vaccine preservative, set to be delivered to the CDCs advisory committee has come under scrutiny for referencing a non-existent study. The report, Thimerosal as a Vaccine...

SpaceX Starship Explodes in Texas During Test, Citing Nitrogen Tank Failure

SpaceXs Starship spacecraft exploded in a dramatic fireball during a late-night test at the companys Starbase facility in Brownsville, Texas, on June 18, 2025. The 400-foot Mars-bound rocket, a key part of Elon Musks...

NASA Astronauts Wilmore and Williams Recover After Boeing Starliner Delay

NASA astronauts Butch Wilmore and Suni Williams are steadily recovering after spending nine unexpected months aboard the International Space Station (ISS) due to issues with Boeings Starliner capsule. Initially intended...

Technology

SK Hynix Shares Surge on AI Memory Chip Demand as Samsung Profit Slumps

SK Hynix (KS:000660) shares surged Tuesday after rival Samsung Electronics (KS:005930) warned of a steep drop in second-quarter profits, highlighting diverging fortunes in South Koreas semiconductor sector amid booming...

Apple AI Leader Ruoming Pang Joins Meta’s Superintelligence Team

Ruoming Pang, Apples top executive overseeing its artificial intelligence foundation models, is leaving the tech giant to join Meta Platforms (NASDAQ:META), according to a Bloomberg report citing sources familiar with the...

Samsung Forecasts 56% Q2 Profit Drop Amid AI Chip Setbacks and U.S. Export Curbs

Samsung Electronics expects a steep 56% decline in its second-quarter operating profit, signaling continued struggles in its semiconductor division. The company projected Q2 operating profit of 4.6 trillion won ($3.36...

TikTok Plans U.S.-Only App Amid Potential Oracle-Led Sale

TikTok is reportedly developing a U.S.-specific version of its app, codenamed M2, as it prepares for a potential sale of its American operations, according to The Information. The new version is expected to launch in U.S....

Samsung Q2 Profit Set to Fall 39% Amid HBM Chip Delay and Nvidia Certification Issues

Samsung Electronics is expected to report a 39% drop in second-quarter operating profit, hit by delays in supplying advanced high-bandwidth memory (HBM) chips to AI leader Nvidia. According to LSEG SmartEstimate, the South...