Hanwha E&C may lose $581M as it pulls out from Bismayah construction project in Iraq
Oct 11, 2022 06:29 am UTC| Business Economy
Hanhwa Engineering Construction Co. has pulled out from its mega construction project in Iraq, and with the move, it stands to lose about $581 million. It was reported that the South Korean firm had to withdraw to avoid...
Oct 11, 2022 06:00 am UTC| Business Economy
Burger King was one of the most favorite burger joints in the United States, and in fact, for decades, it has been the countrys No. 2 in terms of sales. However, many fast-food chains started to surpass the brand, and it...
On the brink: Global crises ranging from climate to economic meltdown demand radical change
Oct 11, 2022 04:40 am UTC| Insights & Views Economy
We have damaged our planet through destructive exploitation of fossil fuels and the insatiable demand for things we dont need. We are cooking ourselves to death and it may already be too late to do anything about...
Inflation: why you might be worrying about it more than you should
Oct 11, 2022 04:30 am UTC| Economy
People really dislike inflation. Today, with US annual inflation still above 8%, one in five Americans consider it the countrys biggest problem spelling trouble for the Democrats at the November mid-terms. Inflation is...
The end of coal-fired power is in sight, even with private interests holding out
Oct 11, 2022 04:28 am UTC| Economy
If future historians pick a point in time when Australia comprehensively turned its back on coal-fired generation, they may well point to AGLs decision to bring forward the closure of Loy Yang A, the cheapest (excluding...
Ghana and the IMF: debt restructuring must go hand-in-hand with managing finances better
Oct 11, 2022 04:28 am UTC| Economy
Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi has depreciated by...
Oct 11, 2022 04:24 am UTC| Insights & Views Economy
Why have Diamond, Bernanke and Dybvig been awarded the prize? The works by Diamond and Dybvig essentially explained why banks exist and the role they play in the economy by channelling savings from individuals into...
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