Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Sun, Mar 01, 2026 06:47 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Rhys ap Gwilym

Senior Lecturer in Economics, Bangor University
Dr Rhys ap Gwilym is a Senior Lecturer in Economics at Bangor University’s Business School. He trained as a macroeconomist at Cardiff University, gaining his PhD on the “Macroeconomic Implications of Behavioural Finance Models” in 2009. His academic research has involved developing models which introduce behavioural factors into macroeconomic analysis (including DSGE models) and the analysis of financial instruments in a general equilibrium setting. He has published in journals including the Journal of Banking and Finance, Economics Letters and the Southern Economic Journal.

More recently, his research interests have evolved to cover spatial economics and public finance. He is currently working on a project examining how geographical differences in access to finance influence regional economic disparities; in particular the links between the financialization of land and regional economic development.

Rhys has a strong interest in regional development policy and its role in Wales in particular. He has been a principal investigator on two grant-funded research projects for the Welsh Government relating to land value tax and tourism taxes. He is a member of the Institute of Welsh Affairs’ Economic Policy Group, where he has been involved in the development of discussion papers on the Welsh economy. He recently contributed to the “expert roundtable on the Welsh tax base & implications for public policy”.

Why you should expect to pay more tourist taxes – even though the evidence for them is unclear

May 09, 2024 07:09 am UTC| Insights & Views Business

In April 2024, Venice began its controversial experiment to charge day trippers 5 (4.30) to visit the city on some of the busiest days of the year. But its not just the lagoon city, with its 30 million visitors a year...

Economy

MOEX Russia Index Hits 3-Month High as Energy Stocks Lead Gains

Russian stocks closed mixed on Saturday, with the MOEX Russia Index finishing flat but reaching a new three-month high. Despite ending the session unchanged at 0.00%, investor sentiment remained supported by strong...

Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit

German Chancellor Friedrich Merz concluded a pivotal visit to Beijing this week, signaling Germanys continued commitment to open markets and strong economic ties with China. As the first foreign leader to visit China in...

U.S. Stocks Close Lower as Hot PPI Data, Nvidia Slide Weigh on Wall Street

U.S. stocks ended lower on Friday, capping the worst monthly performance for Wall Street since March last year, as hotter-than-expected producer inflation data and continued weakness in technology stocks pressured investor...

Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand

Gold prices surged on Friday, positioning the precious metal for strong February gains as investors sought safe-haven assets amid rising geopolitical tensions and economic uncertainty. Spot gold climbed 1.5% to $5,261.81...

Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors

The Dominican Republic has announced the discovery of significant rare earth deposits that could position the Caribbean nation as a key future supplier of critical minerals for high-tech industries. President Luis Abinader...

Politics

Russia Signals Openness to U.S. Security Guarantees for Ukraine at Geneva Peace Talks

Russia has indicated it would accept a U.S.-backed proposal for Ukraines post-war security guarantees during recent peace talks in Geneva, according to a senior aide to Ukrainian President Volodymyr Zelenskiy. The...

Trump Launches Operation Epic Fury: U.S. Strikes on Iran Mark High-Risk Shift in Middle East

President Donald Trump authorized a sweeping U.S. military operation against Iran after receiving intelligence briefings that warned of potential American casualties while highlighting a possible geopolitical shift in...

U.S.-Israel Strike on Iran Escalates Middle East Conflict, Trump Claims Khamenei Killed

The United States and Israel have launched coordinated military strikes on Iran, dramatically escalating tensions in the Middle East. U.S. President Donald Trump stated on Truth Social that Irans Supreme Leader, Ayatollah...

Netanyahu Suggests Iran’s Supreme Leader Khamenei May Have Been Killed in Israeli-U.S. Strikes

Israeli Prime Minister Benjamin Netanyahu said Saturday that there are many signs indicating Irans Supreme Leader, Ayatollah Ali Khamenei, may have been killed in recent Israeli-U.S. airstrikes on Iran. The statement comes...

Iran Supreme Leader Ayatollah Ali Khamenei Killed in Israeli, U.S. Strikes: Reuters

Irans Supreme Leader Ayatollah Ali Khamenei has reportedly been killed in joint Israeli and U.S. strikes, according to a senior Israeli official who spoke to Reuters on Saturday. The reported death of Khamenei marks a...

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

OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute

OpenAI has confirmed that its newly signed contract with the U.S. Department of Defense (DoD) includes expanded safeguards designed to tightly regulate how artificial intelligence is deployed on classified government...

Trump Orders Federal Agencies to Halt Use of Anthropic AI Technology

U.S. President Donald Trump announced Friday that he has directed every federal agency to immediately stop using artificial intelligence technology developed by Anthropic, escalating tensions between the federal government...

Federal Judge Blocks Virginia Social Media Age Verification Law Over First Amendment Concerns

A federal judge has temporarily blocked Virginia from enforcing a new social media law designed to protect children from online addiction, ruling that it likely violates First Amendment rights. The decision marks a...

Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding

Nintendo is reportedly preparing a major unwinding of strategic cross-shareholdings that could see MUFG Bank and the Bank of Kyoto sell significant stakes in the iconic Super Mario maker. According to sources familiar with...

Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea

Hyundai Motor Group has signed a landmark agreement with the South Korean government to invest approximately 9 trillion won ($6.26 billion) in major industrial and technology projects along the countrys western coast....