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Emerging Market Crisis Series

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Emerging market economies, such as India, Turkey, Indonesia, LatAm economies which have been a darling of investors even after 2008/09 financial crisis led to cheaper capital access to these economies and its corporates, a trend that continued for more than half a decade at rapid speed. Now, with US Federal Reserve looking to raise borrowing costs and slowdown in China, led these economies and their corporates into greater chaos. We, in this series discuss the vulnerabilities of emerging market.

Emerging Market Crisis Series

South Africa's local elections: new entrants likely to be the big winners

Oct 31, 2021 23:39 pm UTC| Politics

Though a ritual, elections yield new insights about the state of the citizenry and the political elite. Life changes, either for the better or worse. Electoral outcomes are a statement about how citizens feel at that...

Emerging Market Crisis Series

Jacob Zuma isn't a man with a cause. Just a wily politician trying to evade the law

Jul 01, 2021 09:54 am UTC| Politics

South Africas Constitutional Court ruling to imprison the countrys former president, Jacob Zuma, was unprecedented. But it wasnt unexpected. The author of the majority judgment, Justice Sisi Khampepe, captured the...

Emerging Market Crisis Series

Small towns are collapsing across South Africa. How it's starting to affect farming

Jun 20, 2021 12:13 pm UTC| Economy

Farming and agribusiness play a crucial role in sustaining the economies of small towns and rural areas. There is a lot of evidence of this in the economic literature and in the popular media. This dependency has its...

Emerging Market Crisis Series

The IMF's $4bn loan for South Africa: the pros, cons and potential pitfalls

Aug 01, 2020 16:28 pm UTC| Economy

The International Monetary Fund (IMF) has approved a R70 billion (US$4.3 billion) loan for South Africa to help the country manage the immediate consequences of the fallout from COVID-19. The Conversation Africas editor,...

Emerging Market Crisis Series

Coronavirus in India and Brazil: new forecasts for when economic giants will hit peak

Jun 21, 2020 04:11 am UTC| Economy

While many of the worlds top ten economies appear to be past the peak of the coronavirus pandemic, India and Brazil are still on the way up. This is a tragedy unfolding for both countries. It is also bad news for the world...

Emerging Market Crisis Series

In Brazil's raging pandemic, domestic workers fear for their lives – and their jobs

Jun 04, 2020 12:14 pm UTC| Economy Life

Brazil has emerged as one of the worst-hit countries in the coronavirus crisis, with hundreds of thousands of cases affecting people from all backgrounds. But in the early weeks of the pandemic, in March, many victims of...

Emerging Market Crisis Series

Study shows land redistribution can create new jobs in agriculture in South Africa

Jun 04, 2020 11:28 am UTC| Economy

The COVID-19 crisis has clearly demonstrated the vulnerability of the livelihoods of many South Africans, and highlighted food insecurity as one key aspect. Many now argue that reducing the vulnerability of the livelihoods...

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Economy

LG Electronics and KT will team up to expand into the AI service robot business.

LG Electronics and KT announced they have teamed up to work on the AI service robot business together. The two firms signed a memorandum of understanding (MOU) on Wednesday, Aug. 17, as a strategy for expanding their...

Nongshim was beaten by smaller rivals Samyang and Ottogi in sales and failed to deal with higher logistics costs and raw materials.

Nongshim, a South Korean food and beverage company headquartered in Seoul, has been reigning as the no. 1 instant noodle maker for decades. However, in the financial report for the second quarter of this year, the company...

Shinsegae will build an integrated mall with unique facilities and offer thousands of new jobs to the locals.

Shinsegae confirmed that it will be building a mega shopping mall in Gwanju, and it will be called the Starfield Gwanju. The company said on Wednesday, Aug. 17, that this would be an integrated mall that will be a first of...

SK Inc. and SK Energy jointly buy a major stake in Atom Power to expand its energy solution service portfolio.

SK Group, the second largest company in South Korea, announced on Thursday, Aug. 17, that it has acquired a major controlling stake in Atom Power Inc., a US-based energy solutions firm, to further expand its business in...

Amazon is hiking up its seller fees for the holidays to combat inflation.

Amazon is having difficulties due to the soaring inflation, thus it is implementing an increase in seller fees to cope. It was reported that the e-commerce giant would be raising fulfillment fees during the holiday...

Politics

Energoatom issued a statement saying Russia-based hackers launched a three-hour cyberattack on its website.

Ukraines nuclear power firm Energoatom said Russia-based hackers launched a three-hour cyberattack on its website. The company said, however, that no significant issues were found from the attack. Energoatom issued a...

Biden signed the $430 billion legislation tackling inflation, prescription drugs, energy, and climate change passed through party lines.

US President Joe Biden marked another legislative feat along with Democrats in Congress this week as the Inflation Reduction Act was signed into law. The Democratic-led legislation would address climate change, energy,...

Iran's foreign ministry said it is ready to exchange prisoners with the US as it calls on Washington to release detained Iranians.

Irans foreign ministry is reportedly prepared to swap prisoners with the United States. Local media reported this week. The ministry has also called on Washington to release several Iranians that are detained in the...

The French foreign ministry condemned the six-year prison sentence given to ousted Nobel laureate Aung San Suu Kyi by the military court.

France condemned Myanmars military court sentencing for ousted leader and Nobel laureate Aung San Suu Kyi this week. Suu Kyi was found guilty by the court in four out of the six corruption charges against her. The...

North Korea reportedly launched two cruise missiles from its western area of Onchon this week, according to the South Korean military.

North Korea reportedly launched two cruise missiles from its western village of Onchon this week. This launch comes amidst the preliminary joint drills that South Korea and the United States are holding. Reuters reports...

Science

Wildtype's technology can significantly reduce carbon dioxide emissions from fishing, fish farming, and transportation, as well as protect the threatened marine ecosystem.

SK Group chairman Chey Tae-won recently posted photos and videos of San Francisco-based food-tech startup Wildtype making sushi, rolls, and salads with cell-cultivated salmon. On his Instagram account, Chey said he...

Kubota Pharmaceutical charges 770,000 yen for a pair of Kubota Glass while offering a 100-percent satisfaction guarantee.

Kubota Pharmaceutical will sell specially designed glasses dubbed Kubota Glass, which it claims are able to reverse the effects of myopia. The glasses shine tiny lights at the retina to simulate short-distance blurring,...

When compared to the current approach of extracting methane gas from organic waste resources and then reforming it into hydrogen, the technology SK ecoplant is developing can cut the time needed for the manufacture of hydrogen by more than 20 times.

SK ecoplant Co. plans to develop a technology to produce hydrogen through a fermentation process where microorganisms eat and decompose organic matter in the absence of light When compared to the current approach of...

The research team completed a patent application, trademark application, and vegan certification for the research findings.

A Keimyung University research team has reproduced the taste and fragrance of civet coffee, known as kopi luwak, by scientifically identifying the digestion and fermentation conditions where civets live. Consequently,...

Landsat at 50: How satellites revolutionized the way we see – and protect – the natural world

Fifty years ago, U.S. scientists launched a satellite that dramatically changed how we see the world. It captured images of Earths surface in minute detail, showing how wildfires burned landscapes, how farms erased...

Technology

Apple reportedly aims to double its ad revenue, suggesting iOS users could find more ads in Maps and other first-party apps

Apple already displays advertisements in some of its apps like News and Stocks, but a new report suggests iPhone users might find ads in more first-party apps. This change could be implemented in the near future as the...

Spotify offers a free three-month subscription to new users and a massive discount for existing users to reactivate their membership

Spotify is pursuing potential new subscribers by bringing back familiar offers. People who will sign up for Spotify Premium for the first time will get access to its exclusive features for free in the first three months....

Meta started testing ‘secure storage’ for Messenger chats and backup data with end-to-end encryption

Meta, formerly known as Facebook, announced a series of tests coming to the Messenger app focused on privacy features in the works. One of the features that entered testing is called secure storage which will allow people...

Nintendo is currently not planning a price hike for the Switch console amid increasing shipping costs and continuing supply chain constraints

Aside from continuing limitations in procuring parts to produce the gaming hardware, Nintendo recently confirmed it has seen increasing shipping costs. Despite these issues, Nintendo president Shuntaro Furukawa said price...

‘Genshin Impact’ developer miHoYo will release the remaining updates for 2022 every 5 weeks

Genshin Impact developer miHoYo recently held an online stream for the games next major update. Aside from revealing details about the new content coming in version 3.0, the studio also announced that it would implement a...