Iikka Korhonen

@iikkakorhonen.bsky.social

3.2K followers 1.3K following 2.1K posts

Head of BOFIT (Bank of Finland Institute for Emerging Economies), not representing the official views of my employer, RTs not endorsements

https://t.co/E0YqzEKBp7

Videos

Economics 82%

Political science 9%

Posts Replies Media Videos

Iikka Korhonen @iikkakorhonen.bsky.social · 9h

¯\_(ツ)_/¯
Aviation safety, what’s that?

Financial Times @financialtimes.com · 10h

US threatens to ‘decertify’ Canadian aircraft as rift with Ottawa deepens ft.trib.al/nwaA3od

US threatens to ‘decertify’ Canadian aircraft as rift with Ottawa deepens

Trump threatens tariff on Canada-made aircraft sold into US unless Gulfstream jets receive certification

ft.trib.al

Reposted by Iikka Korhonen

Michael Derby @michaelsderby.bsky.social · 10h

Whoever Trump picks as Fed chair, it’s worth bearing in mind how he turned on Powell, a man he picked, as he turns on so many of those he’s installed in government. The job will be extremely difficult for anyone who tries to pursue it with integrity and the law in mind.

Reposted by Iikka Korhonen

Joe Brusuelas @joebrusuelas.bsky.social · 10h

Interesting move higher in the 10 year yield as rumors of Kevin Warsh nomination to be Fed Chairman gather pace.

Reposted by Iikka Korhonen

CNN @cnn.com · 10h

President Donald Trump is suing the US Internal Revenue Service and Treasury Department for at least $10 billion, accusing the agency of an unauthorized leak of his tax returns during his first administration. https://cnn.it/4qHJPrg

Reposted by Iikka Korhonen

Michael McKee @mckonomy.bsky.social · 10h

Trump in the last few hours:
Threatened Iran again
Threatened tariffs on Canada again
"Decertified" Bombardier jets
Threatened to tariff oil trade with Cuba
Sued the IRS and Treasury for $10 billion
Reached deal to avert shutdown
Said his Fed pick comes tomorrow

Taking flak? Release a lot of chaff

Reposted by Edgar Morgenroth, Iikka Korhonen, François Heisbourg

Financial Times @financialtimes.com · 10h

US threatens to ‘decertify’ Canadian aircraft as rift with Ottawa deepens ft.trib.al/nwaA3od

US threatens to ‘decertify’ Canadian aircraft as rift with Ottawa deepens

Trump threatens tariff on Canada-made aircraft sold into US unless Gulfstream jets receive certification

ft.trib.al

Reposted by Iikka Korhonen

Edward Harrison @edwardnh.bsky.social · 10h

Trump Threatens Tariffs on Countries That Send Oil to Cuba www.bloomberg.com/news/article...

Trump Threatens Tariffs on Countries That Provide Oil to Cuba

US President Donald Trump authorized his administration to slap tariffs on goods from countries that provide oil to Cuba, tightening the squeeze on the communist-run government he wants to see replace...

www.bloomberg.com

Reposted by Iikka Korhonen

Sam @wiredforflight.bsky.social · 10h

Thing to remember is this isn't an Executive Order at this point in time. It's just the old man yelling at the clouds. If it's an Ex Order it will also put an end to lots of GA not just biz jets but also aerial fighter fighting & personal aviation with comp like Diamond & Viking.

Reposted by Iikka Korhonen

Aaron Rupar @atrupar.com · 11h

Q: All those Fed governors who wanted to pause interest rates, do you think they'll have their mind changed when there's a new chairman?

TRUMP: I do. If they respect the Fed chairman -- they don't respect this Fed chairman -- if they respect the Fed chairman, they'll be with us all the way

Reposted by Iikka Korhonen

Ambassador Ken Fairfax (ret) @portlandken.bsky.social · 11h

To understand how crazy, and dangerous, this move is, just realize that Trump is now declaring that FAA airplane safety certifications will henceforth be made by politicians who know absolutely nothing about aircraft safety.

If you thought a door falling off was bad, just wait for what's next.

Trump says he’s decertifying Canada-made aircrafts and threatens 50% tariffs | CNN Business

President Donald Trump said on Thursday that he is decertifying all aircraft made in Canada and threatened a 50% tariff on those planes until American-made Gulfstreams are certified in that country.

www.cnn.com

Reposted by Iikka Korhonen

Financial Times @financialtimes.com · 16h

Donald Trump has said Vladimir Putin has agreed not to fire on Kyiv for a week after the US president personally asked his Russian counterpart to halt attacks due to frigid temperatures there. ft.trib.al/A6gtnFU

Reposted by Iikka Korhonen

Thord Are Iversen @thelookout.bsky.social · 1d

The Norwegian Government has unsurprisingly chosen South Korean as long range precision fire system for the Norwegian Army, a 19Bn NOK program.

The core is 16 Chunmoo launchers and "a larger number of missiles, with three different ranges".

www.regjeringen.no/no/aktuelt/r...

Regjeringen har valgt leverandør av langtrekkende presisjonsild

Regjeringen har besluttet å gå videre med det sørkoreanske selskapet Hanwha som leverandør av Forsvarets nye system for landbasert langtrekkende presisjonsild.

www.regjeringen.no

Reposted by Iikka Korhonen

VoxEU @ CEPR @voxeu.org · 1d

Jakob Feveile Adolfsen, Asger Munch Grønlund, & Thomas Harr (@nationalbanken.dk) demonstrate that the US dollar differs from traditional safe-haven currencies such as the yen and Swiss franc, with safe-haven shocks strengthening the $ only temporarily.
cepr.org/voxeu/column...
#EconSky

Figure shows the 500 trading days rolling correlation between the nominal effective exchange rate of the USD and the safe-haven factor from Grothe et al (2025). Based on daily data from 1 January 2007 to 17 September 2025.

Safe-haven currencies are generally understood to appreciate when risk sentiment deteriorates, providing investors with insurance. This column demonstrates that the US dollar differs from that of traditional safe-haven currencies such as the yen and Swiss franc. The dollar strengthens persistently and broadly only during episodes of severe global funding stress; in contrast to the yen and the Swiss franc, safe-haven shocks strengthen the dollar only temporarily. The analysis suggests that the weakness of the dollar following “Liberation Day”, which constituted a safe-haven shock but did not trigger a funding stress shock, was less surprising than it might initially have seemed.

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

Hong Kong Monetary Authority Information Centre. On the 55th floor of IFC2.

Reposted by Iikka Korhonen

The Moscow Times @themoscowtimes.com · 1d

Lukoil's vast foreign assets include shares in oil fields and refineries across the globe, including in Iraq, Azerbaijan, Egypt, the United Arab Emirates, Nigeria and Mexico.

U.S. Carlyle Group Agrees to Buy Most of Lukoil’s Foreign Assets - The Moscow Times

Lukoil announced Thursday that it would sell its foreign assets to the American investment firm Carlyle Group, coming months after the United States sanctioned the major oil producer along with Rosnef...

www.themoscowtimes.com

Reposted by Iikka Korhonen

Sense Hofstede @sensehofstede.nl · 1d

Over a dozen Chinese provinces have reduced their economic growth targets for 2026, pointing to a likely downgrade of the national goal for the first time in four years – Bloomberg: ‘The official goal will likely be 4.5% to 5% when it’s revealed […], [SCMP] has reported’

Chinese Regions Cut GDP Goals in Sign Nationwide Target May Drop

Over a dozen Chinese provinces have reduced their economic growth targets for 2026, pointing to a likely downgrade of the national goal for the first time in four years.

www.bloomberg.com

Reposted by Iikka Korhonen

Steve Rosenberg @bbcstever.bsky.social · 1d

With the FSB set to secure broad powers to cut communications, one Russian paper criticises the idea: “It's impossible to imagine the functioning of a modern economy without a functioning Internet.” Another paper on prices in 2026: “Vodka up 17%, cucumbers 21.3%.” #ReadingRussia

Russian paper concerned about "Off-switch for the Internet"

YouTube video by Steve Rosenberg

youtu.be

Reposted by Dorothy Bishop, John R. Hutchinson, Scott L. Greer , and 8 more Dorothy Bishop, John R. Hutchinson, Scott L. Greer, Tim Bale, Ian Campbell, Paul Davies, Iikka Korhonen, Karen Benjamin Guzzo, Samantha Brennan, David Murakami Wood, Tarik Abou‐Chadi

Duncan Weldon @duncanweldon.bsky.social · 1d

www.ft.com/content/d0b7...
No thank you.

Reposted by Iikka Korhonen

Lauri Myllyvirta @laurimyllyvirta.bsky.social · 1d

New from us: EU CO2 emissions fell only 0.8% in 2025, the second year in a row that the bloc has fallen short of its targets. Adverse weather played a big role but underlying issues are slow progress on transport and buildings electrification and wind power buildout.

Reposted by Iikka Korhonen

Random paper from RePEc @random-repec-paper.bsky.social · 1d

Unlocking Africa’s development potential: insights from the perspective of global hierarchy and competition by Fanglei Wang & Jianbo Gao & Feiyan Liu (2024)

IDEAS/RePEc link

to RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-03336-3

ideas.repec.org

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

Joint HKMA
@ecb.europa.eu @bofit.suomenpankki.fi @suomenpankki.fi Conference
”The changing global trade and financial linkages”

Reposted by Iikka Korhonen, Göran Bolin, Aviel Roshwald

The Washington Post @washingtonpost.com · 1d

The U.S. Embassy in Denmark removed 44 Danish flags honoring Danish soldiers killed in Afghanistan outside the building, drawing outrage from the country’s veterans amid heightened tensions between Copenhagen and Washington.
https://wapo.st/4rfbSOz

Removal of flags for fallen Danish soldiers at U.S. Embassy sparks backlash

There was no malicious intent in removing the flags, said a State Department spokesperson, who added that the flags had been replaced.

wapo.st

Reposted by Iikka Korhonen, Simon Lester

Bloomberg News @bloomberg.com · 1d

Mexico will continue sending crude oil to Cuba as humanitarian aid, President Claudia Sheinbaum said, despite Donald Trump’s pledge to cut off energy supplies to the island

Mexico to Continue ‘Humanitarian’ Cuba Oil Aid Despite Trump Vow

Mexico will continue sending aid shipments of crude oil to Cuba, in a potential clash with Donald Trump’s pledge to deprive the impoverished island of such energy assistance.

bloom.bg

Reposted by Iikka Korhonen, Nicolai von Ondarza

Sander Tordoir @sandertordoir.bsky.social · 1d

One of those announcements dissapearing in all the news thunder.

The commitment to accelerate wind energy in the North Sea is a great move for Europe - creating more energy independence which can be built with EU and UK kit.

It’s a sweet spot.

www.bundeswirtschaftsministerium.de/Redaktion/EN...

www.bundeswirtschaftsministerium.de

Iikka Korhonen @iikkakorhonen.bsky.social · 2d

D.F.F.D.

Punk Rock History @punkrockhistory.bsky.social · 2d

48 years ago today
Bloodbrothers is the third album by the American punk rock band The Dictators, released on this day in 1978, features an uncredited guest appearance from Bruce Springsteen

#punk #punks #punkrock #thedictators #history #punkrockhistory #otd

Reposted by Iikka Korhonen

Punk Rock History @punkrockhistory.bsky.social · 2d

Reposted by Marc Lynch, Mary Feeney, Iikka Korhonen , and 1 more Marc Lynch, Mary Feeney, Iikka Korhonen, David Darmofal

Carl Quintanilla @carlquintanilla.bsky.social · 2d

(CNN) - The fast-growing measles outbreak in South Carolina is now the largest in the United States since the disease was declared eliminated in this country more than two decades ago.

@cnn.com
www.cnn.com/2026/01/27/h...

Reposted by Steve Peers, Iikka Korhonen

Holger Hestermeyer @hhesterm.bsky.social · 3d

EU-India has now been concluded, but the text is in legal scrubbing, but fortunately the EU is rather more transparent than most FTA negotiators - here are the documents relating to the FTA policy.trade.ec.europa.eu/eu-trade-rel...

EU-India agreement: Documents

Round reports and EU proposals

policy.trade.ec.europa.eu

Reposted by Iikka Korhonen

Reuters @reuters.com · 3d

LIVE: India, EU statements on landmark trade deal

European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi make a joint announcement at an India–EU summit in New Delhi, along with details of a landmark trade deal.

www.youtube.com/watch?v=lo1a...