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Lord Meghnad Desai, a celebrated economist and member of the House of Lords, has passed away at the age of 85. His contributions to economic thought and public policy were instrumental in shaping modern economics.

The Portuguese government has announced the nomination of Alvaro Santos Pereira as the next governor of the central bank, succeeding Mario Centeno, whose term ended in July. Pereira, chief economist at the OECD, must undergo parliamentary questioning before his appointment. Centeno's tenure faced criticism for perceived lack of independence after transitioning from finance minister to central bank governor.

Professor Jagjit Chadha from the Faculty of Economics at Cambridge has been appointed a Fellow of Gresham College.

The Euro Area Business Cycle Network (EABCN) has taken responsibility for updating the Euro Area Business Cycle Dating Committee’s (EABCDC) Area Wide Model (AWM) database, originally managed by the ECB. This move aims to enhance the availability of the data for research on the euro area business cycle, with plans for updates twice yearly.

Teresa Garcia-Milà, a prominent figure in the economic sector, has been elected as the new President of Cercle d’Economia, marking a significant milestone in her career. The news was announced by Barcelona School of Economics, which she leads as General Director. Her leadership and contributions in the economic field also earned her a spot on Forbes' prestigious Top 100 list of most influential women in Catalonia.

Dorothea Rosskopf and Lee Jae-hyeong have been announced as winners in the Korea Times' 21st Economic Essay Contest, showcasing exemplary work in the field of economics.