Oct 16, 2023 06:35 am UTC| Insights & Views Economy
President Vladimir Putins invasion of Ukraine has come at huge economic costs. By conservative estimates, the Russian economy has taken a US$67 billion annual hit as a result of war expenses and the effects of economic...
Inequality: troubling trends and why economic growth in Africa is key to reducing global disparities
Oct 16, 2023 06:31 am UTC| Economy Life
Inequality remains on the top of the policy priority list for most countries in the world. Branko Milanovic, a leading scholar on inequality, recently delivered a lecture titled Recent changes in the global income...
Qualcomm to Lay Off 1,258 California Employees Amid Cost-Cutting Measures
Oct 13, 2023 10:58 am UTC| Business Economy
Qualcomm Incorporated will lay off 1,258 employees across two California offices, according to recent filings with the Employment Development Department of California. The move follows indications of workforce reductions...
Google Opens 'Visitor Experience' at Mountain View HQ Featuring Cafe, Store, Event Space
Oct 13, 2023 10:05 am UTC| Business Economy
Googles Mountain View headquarters is no longer a closed campus; it now invites the general public to partake in a new Visitor Experience, including a cafe, a store, and an event space. On Thursday, Oct. 12, Google...
Dollar General Reinstates Todd Vasos as CEO Amid Sluggish Sales, Safety Concerns
Oct 13, 2023 09:51 am UTC| Economy Business
Dollar General has reinstated former CEO Todd Vasos to tackle declining growth and allegations of unsafe work environments. Vasos, CEO from June 2015 to November 2022, replaces Jeff Owen, effective...
Toyota, Idemitsu Kosan Announce Partnership to Develop Advanced EV Batteries by 2030
Oct 13, 2023 09:22 am UTC| Business Economy Technology
Toyota Motor Corp. and Idemitsu Kosan Company, Ltd have announced a strategic partnership to develop and mass-produce next-generation batteries for electric vehicles, aiming to revolutionize the EV sector. Kyodo News...
Mastercard Partners with Reserve Bank of Australia for Groundbreaking CBDC-NFT Trial
Oct 13, 2023 08:55 am UTC| Economy Fintech Digital Currency Business
Mastercard and the Reserve Bank of Australia have completed a groundbreaking trial integrating central bank digital currencies (CBDCs) with Ethereum-based non-fungible tokens (NFTs), potentially redefining digital asset...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight