Tesla recall: Germany’s motor transport watchdog finds software glitch on Elon Musk company’s EVs
Jul 05, 2022 06:58 am UTC| Business Economy
Tesla cars have been recalled in Germany after the countrys Federal Motor Transport Authority said that more than 59,000 of the electric vehicles have malfunctioning software. The German road traffic watchdog revealed the...
Russian debt default: two experts explain what it means for Russia and for global financial markets
Jul 04, 2022 16:40 pm UTC| Economy
Russias recent default on its foreign debt its first since 1918 has been hailed as proof that the sanctions imposed by western governments since the invasion of Ukraine in February are working. A 30-day grace period...
Pakistan: how an economic crisis has sent prices rocketing
Jul 04, 2022 16:34 pm UTC| Economy
Pakistans current economic struggles exemplify the little fires everywhere set alight across the global economy by a war during a pandemic. Like others in countries dependent on imported commodities for example Ghana and...
Russia's oil is in long-term decline – and the war has only added to the problem
Jul 04, 2022 16:33 pm UTC| Economy
Immediately after Russias invasion of Ukraine, world oil prices jumped above US$100 per barrel, hitting US$130 for Brent crude on March 8. The prevailing fear was that substantial Russian supplies would be lost to the...
Corporation tax: why plans to set a global rate are too complicated and need a new approach
Jul 04, 2022 16:29 pm UTC| Economy
Back in 2021, the worlds richest countries announced plans to agree and enforce a minimum rate of corporation tax. The idea was to solve the problem of large companies generating huge revenues but paying very little tax...
Why the South African state should not subsidise minibus taxi owners
Jul 04, 2022 16:29 pm UTC| Economy
Millions of South Africans rely on minibus taxis to get around. Without these vehicles, people wouldnt be able to get to work, school or simply visit friends and family. Data from Statistics South Africas Quarterly Labour...
Panera Bread cancels partnership deal with Danny Meyer’s USHG investment group
Jul 04, 2022 10:15 am UTC| Business Economy
Panera Bread, the chain store of bakery-café fast casual restaurants headquartered in St. Louis, Missouri, has terminated its Special Purpose Acquisition Company (SPAC) deal with Danny Meyers USHG investment...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects