McDonald's, Adidas ripped up for sticking with Ukraine
Mar 14, 2022 06:47 am UTC| Business Economy
McDonalds, Adidas, KFC, and others were said to have been bashed by the Russian media as they chose to support Ukraine. Pravda, a Russian broadsheet newspaper and formerly the official newspaper of the Communist Party of...
Oil price shocks have a long history, but today's situation may be the most complex ever
Mar 12, 2022 11:27 am UTC| Economy
The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and consumer tempers to flare. Even...
Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund
Mar 12, 2022 11:20 am UTC| Economy Central Banks
The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...
Restaurant sues Google for deceptive online ordering practices
Mar 11, 2022 23:47 pm UTC| Law Economy
A franchisee of a Mexican restaurant chain is suing Google seeking monetary and injunctive relief for sending customers to a landing page that is set up without the restaurants permission and taking a cut of ordering...
Ukraine and the financial markets: the winners and losers so far
Mar 11, 2022 17:02 pm UTC| Economy
Its two weeks since the world woke up to the dreadful news of a Russian attack to Ukraine. Notwithstanding the incalculable costs in terms of human lives, as well as human capital and physical infrastructure, weve seen...
The Russian economy is headed for collapse
Mar 11, 2022 17:00 pm UTC| Economy
To justify invading Ukraine, Vladimir Putin has painted Russia as a hegemonic power re-asserting its rightful claim to imperial greatness. Yet even before the invasion, Russias economic capabilities were hardly capable of...
Mar 11, 2022 16:58 pm UTC| Insights & Views Economy
Inflation hit a fresh 40-year high in February as the Consumer Price Index surged to 7.9%, the U.S. Bureau of Labor Statistics reported on March 10, 2022. The continuing surge in inflation comes amid growing fears that the...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects