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Wed, Apr 24, 2024 01:12 PM All times are UTC

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Implementing a basic income means overcoming myths about the 'undeserving poor'

Dec 05, 2023 05:35 am UTC| Economy

Newfoundland and Labrador recently announced plans to introduce a basic income for people aged 60-64 receiving social assistance. It is slated to roll out in April 2024 and will match existing federal seniors...

African countries lost control to foreign mining companies – the 3 steps that allowed this to happen

Dec 04, 2023 12:50 pm UTC| Economy Business

Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s,...

Canada’s Fall Economic Statement signals the ‘right to repair’ your tech devices

Dec 04, 2023 12:30 pm UTC| Economy

On Nov. 23, the Government of Canada released the 2023 Fall Economic Statement. In a bold move toward empowering consumers, reducing costs and promoting sustainability, the Canadian government has reiterated its commitment...

Happy birthday AUD: how our Australian dollar was floated, 40 years ago this week

Dec 04, 2023 12:29 pm UTC| Economy Insights & Views

These days, we take for granted that the value of the Australian dollar fluctuates against other currencies, changing thousands of times a day and at times jumping or falling quite a lot in the space of a week. But for...

Nicola Willis warns of fiscal ‘snakes and snails’ – her first mini-budget will be a test of NZ’s no-surprises finance rules

Dec 04, 2023 12:28 pm UTC| Economy

New finance minister Nicola Willis has claimed she was blindsided by the state of the governments books. Days after stepping into the role, she said: The outgoing government has left us with some nasty surprises....

Central Banking Series

Governments have been able to overrule the Reserve Bank for 80 years. Why stop now?

Nov 28, 2023 23:14 pm UTC| Insights & Views Central Banks Economy

Pay close enough attention to parliament these next few days, and youre likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the...

Western Pharma Shifts Focus from China to India Amid Rising Geopolitical Tensions

Nov 27, 2023 06:15 am UTC| Economy Business Health

Western drugmakers are increasingly turning to alternative sources for drug production and clinical trials, shifting their attention away from Chinese contractors. According to industry experts and executives, this...

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Economy

The yen plunges to 34-year low despite interest rate hike

The Bank of Japan (BoJ) raised interest rates for the first time in 17 years on March 19, bringing an era of negative interest rates to an end. The key rate was hiked from 0.1% to a band from zero to 0.1% a token effort...

The idea that US interest rates will stay higher for longer is probably wrong

The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All the same, this modest...

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

Why Africa can be the beating heart of South Korea’s technology industry

Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set...

Politics

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

The Alberta government is interfering in public sector bargaining on an unprecedented scale

In the coming months, over 200,000 public sector workers in Alberta will begin bargaining with their employers for new contracts. The most recent agreements expired in March and, after many years of high inflation and few...

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Science

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

Asahi Kasei to Build EV Battery Plant in Canada to Supply Key Parts to Honda Motor

Asahi Kasei Corporation, a chemical company based in Japan, announced it will build a new production plant in Canada where it will make parts for electric vehicle batteries. The company will then supply critical materials...

SK Networks Sets Up AI Research Lab in Silicon Valley

SK Networks established its own AI research center in the United States. The lab was inaugurated in Silicon Valley, California, on Tuesday, April 23. The site will become SK Networks AI base outside of South Korea. The...

Huawei Introduces Smart Driving Software Brand Qiankun

Huawei Technologies Co., Ltd. introduced its new smart driving software brand, Qiankun. The launch boosted Huaweis efforts to become a major name in the electric vehicle sector. Huaweis New Software Brand Huaweis new...

LG Energy Solution to Combat Infringement By Launching Licensing Business for Battery Patents

LG Energy Solution announced it will take a firm stance against companies that are infringing its battery patents. The South Korean battery maker said on Wednesday, April 24, that it will launch a new business for...

Binance Launches Meme Coin Giveaway as Whale Moves $53M Bitcoin

In a striking blend of events, Binance has rolled out a massive giveaway for meme coin traders, including SHIB and DOGE, on the same day a mega whale withdrew $53 million worth of Bitcoin, stirring market...