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The world of delivery logistics behind the scenes in America comes with a high environmental cost. But thanks to a few startups, there’s an electric revolution brewing that may deliver a cleaner future.
The European Central Bank is making a mistake in moving to raise interest rates and risks damaging private consumption, according to Francesco Giavazzi a close adviser to former ECB President Mario Draghi.
“The spread and the increase in interest rates will reduce private demand, though it will happen in a few months, not right away,” Giavazzi said at an event in Rome this week. “The ECB is raising rates to respond to the increase in inflation with the wrong instrument. We don’t have inflation from demand like in the US but instead have inflation linked to gas prices.”