Economist awarded Nobel prize before his morning coffee or walking his dog: ‘I had no clue that anything like this was going to happen’

The 2025 Nobel Prize in Economics has been awarded to researchers Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work on innovation-driven growth. Their research highlights the concept of 'creative destruction,' illustrating how new technologies like steam engines and artificial intelligence can ultimately benefit society by replacing outdated systems. This recognition not only honors their contributions but also emphasizes the importance of innovation in economic development. Additionally, the Dutch government's recent decision to take control of the Chinese-owned chipmaker Nexperia due to national security concerns underscores the growing intersection of technology and geopolitics.

In a remarkable achievement, five immigrants to America have been awarded the Nobel Prize in Economics for 2024 and 2025, with four of them being former international students. This recognition highlights the significant contributions that immigrants make to the academic and economic landscape of the United States, showcasing the importance of diversity and innovation in driving progress.

This year's Nobel Prize in Economics has been awarded to a trio of researchers for their groundbreaking work on innovation and economic growth, particularly focusing on the concept of 'creative destruction.' Their findings highlight how new technologies and ideas can disrupt existing markets, leading to both challenges and opportunities for economies worldwide. This recognition not only honors their contributions but also emphasizes the importance of fostering innovation for sustainable economic development.

Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the Nobel Prize in Economic Sciences for their groundbreaking work on innovation and 'creative destruction' as key drivers of economic growth. Their research sheds light on the significant economic advancements over the last two centuries, highlighting how new ideas and technologies can transform industries and societies. This recognition not only honors their contributions but also emphasizes the importance of fostering innovation for future economic development.

Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Nobel Memorial Prize in Economic Sciences for their significant contributions to understanding the factors that drive and maintain economic growth. This recognition highlights the importance of economic research in shaping policies that can lead to sustainable development and prosperity in society. Their work encourages a deeper examination of the dynamics that influence economic progress, making it a vital topic for policymakers and economists alike.

The recent awarding of the Nobel Prize in Economics to Joel Mokyr, Philippe Aghion, and Peter Howitt highlights the importance of innovation in driving economic growth. Their work sheds light on how technological advancements and creative ideas can lead to significant improvements in productivity and overall economic health. This recognition not only honors their contributions but also emphasizes the critical role of innovation in shaping our future economies.

This year's Nobel Prize in Economics has been awarded to three prominent scholars, Joel Mokyr, Philippe Aghion, and Peter Howitt, for their groundbreaking work on how technology fuels economic growth. Their research highlights the importance of 'creative destruction' in driving innovation and progress, a concept that remains crucial in today's rapidly changing economic landscape. As global trade tensions rise, their insights offer valuable perspectives on navigating the challenges ahead, making this recognition not just an academic achievement but a timely reminder of the role of technology in shaping our future.

Three distinguished academics have been awarded the 2025 Nobel Prize for Economics, recognizing their groundbreaking research on how innovation drives economic growth. This award highlights the critical importance of creative destruction in fostering new ideas and technologies that can lead to significant advancements in various sectors. Their work not only sheds light on the mechanisms of economic expansion but also inspires future research and policy-making aimed at enhancing innovation.

Samsung Electronics has reported an impressive 32% increase in its operating profit for the third quarter, surpassing market expectations. This significant growth highlights the company's strong performance in a competitive tech landscape, driven by robust demand for its semiconductor and smartphone products. Investors and analysts are optimistic about Samsung's ability to maintain this momentum, which could lead to further innovations and market expansion.

Capstone has successfully sold a 25% stake in its Santo Domingo project to Orion for up to $360 million. This strategic move not only strengthens Capstone's financial position but also highlights the growing interest in mining investments. The deal is significant as it allows Capstone to focus on its core operations while partnering with Orion, a reputable player in the industry. This partnership could lead to enhanced development and exploration opportunities for the Santo Domingo project, benefiting both companies and their stakeholders.

Former Commerce Secretary Wilbur Ross has raised alarms about China's potential to weaponize its supply chain, particularly in the realm of rare earths. This concern highlights a significant economic threat, as these materials are crucial for various technologies and industries. The implications of such a move could disrupt global markets and supply chains, making it a critical issue for investors and policymakers alike.

Rio Tinto is optimistic about its fourth quarter performance, which is crucial for meeting its annual iron ore production forecast. The company is also seeing a positive trend in copper production, indicating a strong finish to the year. This is significant as it reflects the company's resilience and ability to adapt to market demands, potentially boosting investor confidence and impacting the global mining sector.

Delta Air Lines, despite being recognized for premium economy satisfaction, is facing backlash as numerous passengers report being stranded overseas due to a peculiar rule. This situation highlights the challenges travelers face and raises questions about airline policies, especially as Delta served over 200 million customers in 2024. The dissatisfaction among travelers could impact Delta's reputation and customer loyalty, making it a significant issue in the airline industry.

The United States has condemned China's actions following a recent vessel clash in the South China Sea involving the Philippines. This incident highlights ongoing tensions in the region, as the US reaffirms its commitment to supporting its allies and maintaining freedom of navigation. The situation is significant as it underscores the geopolitical struggles in the South China Sea, where multiple nations have competing claims, and it could impact future diplomatic relations and security in the area.